MCDFX vs. FIQFX

Last updated Apr 2, 2026

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

MCDFX is managed by Matthews. It was launched on Nov 29, 2009. FIQFX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

MCDFX vs. FIQFX - 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 Z (FIQFX). The values are adjusted to include any dividend payments, if applicable.

MCDFX vs. FIQFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MCDFX Matthews China Dividend Fund	5.60%	29.41%	14.93%	-20.68%	-16.72%	-0.60%	26.88%	15.03%	0.81%
FIQFX Fidelity Advisor China Region Fund Class Z	8.41%	42.75%	23.34%	-0.13%	-23.76%	-13.61%	48.04%	35.33%	-1.81%

Returns By Period

MCDFX

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

FIQFX

• 1D: 2.71%
• 1M: -6.12%
• YTD: 8.41%
• 6M: 7.91%
• 1Y: 46.61%
• 3Y*: 21.11%
• 5Y*: 3.08%
• 10Y*: —

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

MCDFX vs. FIQFX - Expense Ratio Comparison

MCDFX has a 1.20% expense ratio, which is higher than FIQFX's 0.80% expense ratio.

MCDFX

Matthews China Dividend Fund

FIQFX

Fidelity Advisor China Region Fund Class Z

Return for Risk

MCDFX vs. FIQFX — Risk / Return Rank

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

FIQFX

FIQFX Risk / Return Rank: 90
FIQFX Sharpe Ratio Rank: 92
FIQFX Sortino Ratio Rank: 89
FIQFX Omega Ratio Rank: 87
FIQFX Calmar Ratio Rank: 92
FIQFX Martin Ratio Rank: 91

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. FIQFX - 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 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.

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

Sharpe Ratios by Period

	MCDFX	FIQFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.54	—

Correlation

The correlation between MCDFX and FIQFX 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. FIQFX - Dividend Comparison

MCDFX's dividend yield for the trailing twelve months is around 3.84%, more than FIQFX's 1.91% 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%
FIQFX Fidelity Advisor China Region Fund Class Z	1.91%	2.07%	1.58%	2.14%	0.86%	11.06%	4.98%	0.84%	1.09%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MCDFX	FIQFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.33%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.73%	—
Current Drawdown Current decline from peak	—	-8.36%	—
Average Drawdown Average peak-to-trough decline	—	-22.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.14%	—

Volatility

Volatility by Period

	MCDFX	FIQFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.06%	—