MAPTX vs. FERCX

Last updated Jun 26, 2026

MAPTX (Matthews Pacific Tiger Fund) and FERCX (Fidelity Advisor Emerging Asia Fund Class C) are both Asia Pacific Equities funds. Over the past 10 years, MAPTX returned 6.77%/yr vs 15.15%/yr for FERCX. Their correlation of 0.89 suggests significant overlap in exposure. MAPTX charges 1.09%/yr vs 1.96%/yr for FERCX.

Performance

MAPTX vs. FERCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Pacific Tiger Fund (MAPTX) and Fidelity Advisor Emerging Asia Fund Class C (FERCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAPTX achieves a 31.18% return, which is significantly lower than FERCX's 35.15% return. Over the past 10 years, MAPTX has underperformed FERCX with an annualized return of 6.77%, while FERCX has yielded a comparatively higher 15.15% annualized return.

MAPTX

• 1D: 0.86%
• 1M: -0.88%
• YTD: 31.18%
• 6M: 32.90%
• 1Y: 54.30%
• 3Y*: 19.62%
• 5Y*: 0.55%
• 10Y*: 6.77%

FERCX

• 1D: 0.95%
• 1M: 0.83%
• YTD: 35.15%
• 6M: 36.54%
• 1Y: 58.43%
• 3Y*: 32.65%
• 5Y*: 6.31%
• 10Y*: 15.15%

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

MAPTX vs. FERCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAPTX Matthews Pacific Tiger Fund	31.18%	30.07%	3.25%	-4.82%	-20.69%	-17.92%	28.88%	10.75%	-11.05%	39.94%
FERCX Fidelity Advisor Emerging Asia Fund Class C	35.15%	35.65%	19.76%	12.64%	-31.29%	-15.75%	71.24%	29.64%	-15.72%	45.46%

Correlation

The correlation between MAPTX and FERCX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 15, 1999	0.89

The correlation between MAPTX and FERCX has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

MAPTX vs. FERCX — Risk / Return Rank

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

MAPTX

MAPTX Risk / Return Rank: 85
MAPTX Sharpe Ratio Rank: 88
MAPTX Sortino Ratio Rank: 74
MAPTX Omega Ratio Rank: 85
MAPTX Calmar Ratio Rank: 90
MAPTX Martin Ratio Rank: 89

FERCX

FERCX Risk / Return Rank: 87
FERCX Sharpe Ratio Rank: 90
FERCX Sortino Ratio Rank: 77
FERCX Omega Ratio Rank: 84
FERCX Calmar Ratio Rank: 93
FERCX Martin Ratio Rank: 90

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.

MAPTX vs. FERCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Fund (MAPTX) and Fidelity Advisor Emerging Asia Fund Class C (FERCX). 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.

	MAPTX	FERCX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.56	-0.08
Sortino ratio: Return per unit of downside risk	2.96	3.04	-0.08
Omega ratio: Gain probability vs. loss probability	1.49	1.48	+0.02
Calmar ratio: Return relative to maximum drawdown	4.06	4.35	-0.29
Martin ratio: Return relative to average drawdown	14.63	14.76	-0.13

MAPTX vs. FERCX - Sharpe Ratio Comparison

The current MAPTX Sharpe Ratio is 2.48, which is comparable to the FERCX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of MAPTX and FERCX, 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

MAPTX vs. FERCX - Drawdown Comparison

The maximum MAPTX drawdown since its inception was -69.79%, which is greater than FERCX's maximum drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for MAPTX and FERCX.

Drawdown Indicators

	MAPTX	FERCX	Difference
Max Drawdown Largest peak-to-trough decline	-69.79%	-61.15%	-8.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-13.62%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-22.23%	-17.64%	-4.59%
Max Drawdown (5Y) Largest decline over 5 years	-48.55%	-53.94%	+5.39%
Max Drawdown (10Y) Largest decline over 10 years	-52.31%	-58.44%	+6.13%
Current Drawdown Current decline from peak	-5.31%	-4.10%	-1.21%
Average Drawdown Average peak-to-trough decline	-17.42%	-21.17%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	4.00%	-0.16%

Volatility

MAPTX vs. FERCX - Volatility Comparison

Matthews Pacific Tiger Fund (MAPTX) and Fidelity Advisor Emerging Asia Fund Class C (FERCX) have volatilities of 14.32% and 13.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAPTX	FERCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	13.99%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	21.19%	20.88%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.19%	23.29%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	23.55%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	21.29%	-2.68%

MAPTX vs. FERCX - Expense Ratio Comparison

MAPTX has a 1.09% expense ratio, which is lower than FERCX's 1.96% expense ratio.

Dividends

MAPTX vs. FERCX - Dividend Comparison

MAPTX's dividend yield for the trailing twelve months is around 1.77%, while FERCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FERCX Fidelity Advisor Emerging Asia Fund Class C	0.00%	0.00%	0.00%	0.00%	0.00%	14.89%	7.03%	5.13%	6.53%	0.03%	0.56%	0.92%
MAPTX Matthews Pacific Tiger Fund	1.77%	2.33%	8.93%	2.93%	8.52%	4.85%	5.74%	3.44%	4.78%	1.25%	2.61%	11.18%

Frequently Asked Questions

Can I hold both MAPTX and FERCX in my portfolio?

MAPTX and FERCX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAPTX or FERCX?

MAPTX has higher volatility (14.32%) compared to FERCX (13.99%). In terms of maximum drawdown, MAPTX dropped -69.79% vs FERCX's -61.15%.

Which has better risk-adjusted returns?

FERCX currently has the higher Sharpe Ratio (2.56 vs 2.48), 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.