LNGZX vs. FHKIX

Last updated Jun 23, 2026

LNGZX (Columbia Greater China Fund) and FHKIX (Fidelity Advisor China Region Fund Class I) are both China Equities funds. Over the past 10 years, LNGZX returned 3.90%/yr vs 15.48%/yr for FHKIX. Their correlation of 0.92 suggests significant overlap in exposure. LNGZX charges 1.25%/yr vs 0.93%/yr for FHKIX.

Performance

LNGZX vs. FHKIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Greater China Fund (LNGZX) and Fidelity Advisor China Region Fund Class I (FHKIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LNGZX achieves a -9.19% return, which is significantly lower than FHKIX's 38.66% return. Over the past 10 years, LNGZX has underperformed FHKIX with an annualized return of 3.90%, while FHKIX has yielded a comparatively higher 15.48% annualized return.

LNGZX

• 1D: 0.58%
• 1M: -4.66%
• YTD: -9.19%
• 6M: -10.26%
• 1Y: 3.04%
• 3Y*: 3.37%
• 5Y*: -10.92%
• 10Y*: 3.90%

FHKIX

• 1D: 2.72%
• 1M: 4.39%
• YTD: 38.66%
• 6M: 40.16%
• 1Y: 79.91%
• 3Y*: 31.44%
• 5Y*: 9.25%
• 10Y*: 15.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LNGZX vs. FHKIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNGZX Columbia Greater China Fund	-9.19%	27.49%	12.29%	-18.70%	-28.42%	-25.21%	46.04%	32.95%	-20.01%	59.90%
FHKIX Fidelity Advisor China Region Fund Class I	38.66%	42.60%	23.15%	-0.28%	-23.85%	-13.71%	47.80%	35.11%	-17.43%	51.93%

Correlation

The correlation between LNGZX and FHKIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 8, 2008	0.92

The correlation between LNGZX and FHKIX shifts across timeframes, from 0.81 (1 year) to 0.92 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

LNGZX vs. FHKIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LNGZX

LNGZX Risk / Return Rank: 3
LNGZX Sharpe Ratio Rank: 3
LNGZX Sortino Ratio Rank: 4
LNGZX Omega Ratio Rank: 4
LNGZX Calmar Ratio Rank: 3
LNGZX Martin Ratio Rank: 3

FHKIX

FHKIX Risk / Return Rank: 94
FHKIX Sharpe Ratio Rank: 98
FHKIX Sortino Ratio Rank: 90
FHKIX Omega Ratio Rank: 88
FHKIX Calmar Ratio Rank: 98
FHKIX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LNGZX vs. FHKIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Greater China Fund (LNGZX) and Fidelity Advisor China Region Fund Class I (FHKIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LNGZX	FHKIX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	3.43	-3.32
Sortino ratio: Return per unit of downside risk	0.31	4.04	-3.73
Omega ratio: Gain probability vs. loss probability	1.04	1.58	-0.55
Calmar ratio: Return relative to maximum drawdown	0.12	7.26	-7.14
Martin ratio: Return relative to average drawdown	0.25	21.67	-21.42

LNGZX vs. FHKIX - Sharpe Ratio Comparison

The current LNGZX Sharpe Ratio is 0.11, which is lower than the FHKIX Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of LNGZX and FHKIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LNGZX vs. FHKIX - Drawdown Comparison

The maximum LNGZX drawdown since its inception was -73.37%, which is greater than FHKIX's maximum drawdown of -58.42%. Use the drawdown chart below to compare losses from any high point for LNGZX and FHKIX.

Drawdown Indicators

	LNGZX	FHKIX	Difference
Max Drawdown Largest peak-to-trough decline	-73.37%	-58.42%	-14.95%
Max Drawdown (1Y) Largest decline over 1 year	-19.13%	-10.80%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-22.02%	-4.69%
Max Drawdown (5Y) Largest decline over 5 years	-63.73%	-52.42%	-11.31%
Max Drawdown (10Y) Largest decline over 10 years	-67.94%	-58.42%	-9.52%
Current Drawdown Current decline from peak	-52.64%	-0.89%	-51.75%
Average Drawdown Average peak-to-trough decline	-26.56%	-18.63%	-7.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	3.61%	+5.71%

Volatility

LNGZX vs. FHKIX - Volatility Comparison

The current volatility for Columbia Greater China Fund (LNGZX) is 6.30%, while Fidelity Advisor China Region Fund Class I (FHKIX) has a volatility of 10.44%. This indicates that LNGZX experiences smaller price fluctuations and is considered to be less risky than FHKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LNGZX	FHKIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	10.44%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	18.68%	-3.00%
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	22.86%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.00%	24.51%	+5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.56%	22.46%	+4.10%

LNGZX vs. FHKIX - Expense Ratio Comparison

LNGZX has a 1.25% expense ratio, which is higher than FHKIX's 0.93% expense ratio.

Dividends

LNGZX vs. FHKIX - Dividend Comparison

LNGZX's dividend yield for the trailing twelve months is around 2.07%, more than FHKIX's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKIX Fidelity Advisor China Region Fund Class I	1.33%	1.84%	1.44%	1.89%	1.04%	10.81%	4.90%	0.65%	0.79%	0.44%	1.40%	15.62%
LNGZX Columbia Greater China Fund	2.07%	1.88%	1.21%	0.67%	0.00%	0.00%	4.29%	1.40%	5.85%	1.20%	0.00%	4.54%

Frequently Asked Questions

Can I hold both LNGZX and FHKIX in my portfolio?

LNGZX and FHKIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNGZX or FHKIX?

FHKIX has higher volatility (10.44%) compared to LNGZX (6.30%). In terms of maximum drawdown, LNGZX dropped -73.37% vs FHKIX's -58.42%.

Which has better risk-adjusted returns?

FHKIX currently has the higher Sharpe Ratio (3.43 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.