MCDFX vs. FHKIX

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews China Dividend Fund (MCDFX) and Fidelity Advisor China Region Fund Class I (FHKIX).

MCDFX is managed by Matthews. It was launched on Nov 29, 2009. FHKIX is managed by Fidelity. It was launched on May 9, 2008.

Performance

MCDFX vs. FHKIX - Performance Comparison

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

MCDFX vs. FHKIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCDFX Matthews China Dividend Fund	5.60%	29.41%	14.93%	-20.68%	-16.72%	-0.60%	26.88%	15.03%	-9.93%	37.52%
FHKIX Fidelity Advisor China Region Fund Class I	5.50%	42.60%	23.15%	-0.28%	-23.85%	-13.71%	47.80%	35.11%	-17.43%	51.93%

Returns By Period

MCDFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FHKIX

• 1D: -0.66%
• 1M: -9.04%
• YTD: 5.50%
• 6M: 6.28%
• 1Y: 43.84%
• 3Y*: 19.88%
• 5Y*: 2.81%
• 10Y*: 12.16%

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

MCDFX vs. FHKIX - Expense Ratio Comparison

MCDFX has a 1.20% expense ratio, which is higher than FHKIX's 0.93% expense ratio.

MCDFX

Matthews China Dividend Fund

FHKIX

Fidelity Advisor China Region Fund Class I

Return for Risk

MCDFX vs. FHKIX — Risk / Return Rank

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

FHKIX

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

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.

MCDFX vs. FHKIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Dividend Fund (MCDFX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MCDFX	FHKIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.33	—

Correlation

The correlation between MCDFX and FHKIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MCDFX vs. FHKIX - Dividend Comparison

MCDFX's dividend yield for the trailing twelve months is around 3.84%, more than FHKIX's 1.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCDFX Matthews China Dividend Fund	3.84%	4.05%	3.97%	4.08%	5.56%	10.35%	3.91%	1.60%	11.25%	9.52%	3.38%	6.42%
FHKIX Fidelity Advisor China Region Fund Class I	1.74%	1.84%	1.44%	1.89%	1.04%	10.81%	4.90%	0.65%	0.79%	0.44%	1.40%	15.62%

Drawdowns

Drawdown Indicators

	MCDFX	FHKIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.42%	—
Current Drawdown Current decline from peak	—	-10.80%	—
Average Drawdown Average peak-to-trough decline	—	-18.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.11%	—

Volatility

Volatility by Period

	MCDFX	FHKIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.95%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.09%	—