MCHFX vs. FHKIX
Compare and contrast key facts about Matthews China Fund (MCHFX) and Fidelity Advisor China Region Fund Class I (FHKIX).
MCHFX is managed by Matthews. It was launched on Feb 18, 1998. FHKIX is managed by Fidelity. It was launched on May 9, 2008.
Performance
MCHFX vs. FHKIX - Performance Comparison
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MCHFX vs. FHKIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | -7.84% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
FHKIX Fidelity Advisor China Region Fund Class I | 8.35% | 42.60% | 23.15% | -0.28% | -23.85% | -13.71% | 47.80% | 35.11% | -17.43% | 51.93% |
Returns By Period
In the year-to-date period, MCHFX achieves a -7.84% return, which is significantly lower than FHKIX's 8.35% return. Over the past 10 years, MCHFX has underperformed FHKIX with an annualized return of 5.96%, while FHKIX has yielded a comparatively higher 12.46% annualized return.
MCHFX
- 1D
- 1.80%
- 1M
- -7.63%
- YTD
- -7.84%
- 6M
- -13.46%
- 1Y
- 8.06%
- 3Y*
- 4.29%
- 5Y*
- -7.85%
- 10Y*
- 5.96%
FHKIX
- 1D
- 2.70%
- 1M
- -6.14%
- YTD
- 8.35%
- 6M
- 7.83%
- 1Y
- 46.42%
- 3Y*
- 20.95%
- 5Y*
- 2.95%
- 10Y*
- 12.46%
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MCHFX vs. FHKIX - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is higher than FHKIX's 0.93% expense ratio.
Return for Risk
MCHFX vs. FHKIX — Risk / Return Rank
MCHFX
FHKIX
MCHFX vs. FHKIX - 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 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.
| MCHFX | FHKIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 2.06 | -1.67 |
Sortino ratioReturn per unit of downside risk | 0.67 | 2.62 | -1.95 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.94 | -2.85 |
Martin ratioReturn relative to average drawdown | 0.28 | 11.29 | -11.01 |
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 | FHKIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 2.06 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.12 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.57 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.33 | -0.03 |
Correlation
The correlation between MCHFX and FHKIX 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. FHKIX - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.47%, less than FHKIX's 1.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.47% | 1.36% | 1.91% | 0.78% | 7.53% | 6.54% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.24% |
FHKIX Fidelity Advisor China Region Fund Class I | 1.70% | 1.84% | 1.44% | 1.89% | 1.04% | 10.81% | 4.90% | 0.65% | 0.79% | 0.44% | 1.40% | 15.62% |
Drawdowns
MCHFX vs. FHKIX - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, which is greater than FHKIX's maximum drawdown of -58.42%. Use the drawdown chart below to compare losses from any high point for MCHFX and FHKIX.
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Drawdown Indicators
| MCHFX | FHKIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -58.42% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -15.90% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -60.35% | -53.83% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -58.42% | -6.33% |
Current DrawdownCurrent decline from peak | -43.16% | -8.39% | -34.77% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -18.84% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 4.15% | +2.00% |
Volatility
MCHFX vs. FHKIX - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 7.37%, while Fidelity Advisor China Region Fund Class I (FHKIX) has a volatility of 9.78%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than FHKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | FHKIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 9.78% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 16.55% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.35% | 23.25% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 23.98% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 22.10% | +4.43% |