MCHFX vs. FHKAX
Compare and contrast key facts about Matthews China Fund (MCHFX) and Fidelity Advisor China Region Fund Class A (FHKAX).
MCHFX is managed by Matthews. It was launched on Feb 18, 1998. FHKAX is managed by Fidelity. It was launched on May 9, 2008.
Performance
MCHFX vs. FHKAX - Performance Comparison
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MCHFX vs. FHKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | -9.47% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
FHKAX Fidelity Advisor China Region Fund Class A | 5.42% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 34.71% | -17.67% | 51.46% |
Returns By Period
In the year-to-date period, MCHFX achieves a -9.47% return, which is significantly lower than FHKAX's 5.42% return. Over the past 10 years, MCHFX has underperformed FHKAX with an annualized return of 5.77%, while FHKAX has yielded a comparatively higher 11.83% annualized return.
MCHFX
- 1D
- -0.45%
- 1M
- -10.05%
- YTD
- -9.47%
- 6M
- -14.25%
- 1Y
- 6.51%
- 3Y*
- 3.67%
- 5Y*
- -7.84%
- 10Y*
- 5.77%
FHKAX
- 1D
- -0.67%
- 1M
- -9.06%
- YTD
- 5.42%
- 6M
- 6.13%
- 1Y
- 43.43%
- 3Y*
- 19.54%
- 5Y*
- 2.51%
- 10Y*
- 11.83%
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MCHFX vs. FHKAX - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is lower than FHKAX's 1.21% expense ratio.
Return for Risk
MCHFX vs. FHKAX — Risk / Return Rank
MCHFX
FHKAX
MCHFX vs. FHKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Fidelity Advisor China Region Fund Class A (FHKAX). 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.
| MCHFX | FHKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 1.85 | -1.57 |
Sortino ratioReturn per unit of downside risk | 0.53 | 2.39 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.34 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.48 | -2.50 |
Martin ratioReturn relative to average drawdown | -0.06 | 9.62 | -9.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCHFX | FHKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.85 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.11 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.54 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.31 | -0.01 |
Correlation
The correlation between MCHFX and FHKAX is 0.90, 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
MCHFX vs. FHKAX - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.50%, which matches FHKAX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.50% | 1.36% | 1.91% | 0.78% | 7.53% | 6.54% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.24% |
FHKAX Fidelity Advisor China Region Fund Class A | 1.51% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
Drawdowns
MCHFX vs. FHKAX - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, which is greater than FHKAX's maximum drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for MCHFX and FHKAX.
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Drawdown Indicators
| MCHFX | FHKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -58.62% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -15.97% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -60.35% | -54.04% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -58.62% | -6.13% |
Current DrawdownCurrent decline from peak | -44.17% | -10.83% | -33.34% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -19.15% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 4.12% | +2.90% |
Volatility
MCHFX vs. FHKAX - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 7.00%, while Fidelity Advisor China Region Fund Class A (FHKAX) has a volatility of 9.26%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than FHKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | FHKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 9.26% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 16.44% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 23.16% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 23.95% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 22.09% | +4.44% |