LNGZX vs. FIQFX
LNGZX (Columbia Greater China Fund) and FIQFX (Fidelity Advisor China Region Fund Class Z) are both China Equities funds. Over the past 5 years, LNGZX returned -8.49%/yr vs 9.08%/yr for FIQFX. Their correlation of 0.92 means they have usually moved in the same direction. LNGZX charges 1.25%/yr vs 0.80%/yr for FIQFX.
Performance
LNGZX vs. FIQFX - Performance Comparison
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Returns By Period
In the year-to-date period, LNGZX achieves a -10.99% return, which is significantly lower than FIQFX's 25.90% return.
LNGZX
- 1D
- 1.31%
- 1M
- 3.76%
- 6M
- -14.42%
- YTD
- -10.99%
- 1Y
- -2.31%
- 3Y*
- 1.74%
- 5Y*
- -8.49%
- 10Y*
- 2.95%
- ALL TIME*
- 7.28%
FIQFX
- 1D
- 2.48%
- 1M
- -4.85%
- 6M
- 13.59%
- YTD
- 25.90%
- 1Y
- 52.88%
- 3Y*
- 27.26%
- 5Y*
- 9.08%
- 10Y*
- —
- ALL TIME*
- 14.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LNGZX vs. FIQFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LNGZX Columbia Greater China Fund | -10.99% | 27.49% | 12.29% | -18.70% | -28.42% | -25.21% | 46.04% | 32.95% | -3.04% |
FIQFX Fidelity Advisor China Region Fund Class Z | 25.90% | 42.75% | 23.34% | -0.13% | -23.76% | -13.61% | 48.04% | 35.33% | -1.81% |
Correlation
The correlation between LNGZX and FIQFX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.92 |
The correlation between LNGZX and FIQFX shifts across timeframes, from 0.82 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LNGZX vs. FIQFX — Risk / Return Rank
LNGZX
FIQFX
LNGZX vs. FIQFX - 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 Z (FIQFX). 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 | FIQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 4.07 | -4.27 |
| Martin ratioReturn relative to average drawdown | -0.41 | 11.59 | -12.00 |
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Drawdowns
LNGZX vs. FIQFX - Drawdown Comparison
The maximum LNGZX drawdown since its inception was -73.37%, which is greater than FIQFX's maximum drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for LNGZX and FIQFX.
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Drawdown Indicators
| LNGZX | FIQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.37% | -58.33% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -12.23% | -11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -21.98% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -56.81% | -48.10% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -67.94% | — | — |
Current DrawdownCurrent decline from peak | -53.57% | -10.06% | -43.51% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -22.07% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 4.29% | +7.42% |
Volatility
LNGZX vs. FIQFX - Volatility Comparison
The current volatility for Columbia Greater China Fund (LNGZX) is 6.62%, while Fidelity Advisor China Region Fund Class Z (FIQFX) has a volatility of 8.71%. This indicates that LNGZX experiences smaller price fluctuations and is considered to be less risky than FIQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNGZX | FIQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 8.71% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.18% | 20.80% | -4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 24.78% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.57% | 24.69% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.61% | 24.36% | +2.25% |
LNGZX vs. FIQFX - Expense Ratio Comparison
LNGZX has a 1.25% expense ratio, which is higher than FIQFX's 0.80% expense ratio.
Dividends
LNGZX vs. FIQFX - Dividend Comparison
LNGZX's dividend yield for the trailing twelve months is around 2.11%, more than FIQFX's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQFX Fidelity Advisor China Region Fund Class Z | 1.64% | 2.07% | 1.58% | 2.14% | 0.86% | 11.06% | 4.98% | 0.84% | 1.09% | 0.00% | 0.00% | 0.00% |
LNGZX Columbia Greater China Fund | 2.11% | 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
LNGZX and FIQFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQFX has higher volatility (8.71%) compared to LNGZX (6.62%). In terms of maximum drawdown, LNGZX dropped -73.37% vs FIQFX's -58.33%.
FIQFX currently has the higher Sharpe Ratio (2.01 vs -0.22), 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.
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