MCSMX vs. FHKTX
Compare and contrast key facts about Matthews China Small Companies Fund (MCSMX) and Fidelity Advisor China Region Fund Class M (FHKTX).
MCSMX is managed by Matthews. It was launched on May 30, 2011. FHKTX is managed by Fidelity. It was launched on May 9, 2008.
Performance
MCSMX vs. FHKTX - Performance Comparison
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MCSMX vs. FHKTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCSMX Matthews China Small Companies Fund | 10.66% | 28.85% | 2.82% | -17.50% | -31.25% | 6.71% | 82.73% | 35.41% | -17.65% | 53.71% |
FHKTX Fidelity Advisor China Region Fund Class M | 5.37% | 41.85% | 22.53% | -0.84% | -24.32% | -14.20% | 46.95% | 34.26% | -17.96% | 50.94% |
Returns By Period
In the year-to-date period, MCSMX achieves a 10.66% return, which is significantly higher than FHKTX's 5.37% return. Both investments have delivered pretty close results over the past 10 years, with MCSMX having a 11.23% annualized return and FHKTX not far ahead at 11.49%.
MCSMX
- 1D
- -0.63%
- 1M
- -10.72%
- YTD
- 10.66%
- 6M
- 6.47%
- 1Y
- 31.98%
- 3Y*
- 6.45%
- 5Y*
- -2.56%
- 10Y*
- 11.23%
FHKTX
- 1D
- -0.67%
- 1M
- -9.07%
- YTD
- 5.37%
- 6M
- 6.00%
- 1Y
- 43.07%
- 3Y*
- 19.24%
- 5Y*
- 2.23%
- 10Y*
- 11.49%
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MCSMX vs. FHKTX - Expense Ratio Comparison
MCSMX has a 1.41% expense ratio, which is lower than FHKTX's 1.50% expense ratio.
Return for Risk
MCSMX vs. FHKTX — Risk / Return Rank
MCSMX
FHKTX
MCSMX vs. FHKTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Small Companies Fund (MCSMX) and Fidelity Advisor China Region Fund Class M (FHKTX). 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.
| MCSMX | FHKTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.83 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.38 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.46 | -1.14 |
Martin ratioReturn relative to average drawdown | 4.46 | 9.52 | -5.06 |
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
| MCSMX | FHKTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.83 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.09 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.52 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.30 | +0.04 |
Correlation
The correlation between MCSMX and FHKTX is 0.79, 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
MCSMX vs. FHKTX - Dividend Comparison
MCSMX's dividend yield for the trailing twelve months is around 2.01%, more than FHKTX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSMX Matthews China Small Companies Fund | 2.01% | 2.23% | 1.35% | 2.36% | 1.78% | 26.38% | 16.98% | 1.03% | 2.25% | 5.66% | 4.79% | 8.88% |
FHKTX Fidelity Advisor China Region Fund Class M | 1.20% | 1.27% | 1.10% | 1.27% | 0.29% | 10.88% | 4.51% | 0.02% | 0.00% | 0.00% | 0.69% | 14.81% |
Drawdowns
MCSMX vs. FHKTX - Drawdown Comparison
The maximum MCSMX drawdown since its inception was -55.77%, smaller than the maximum FHKTX drawdown of -58.83%. Use the drawdown chart below to compare losses from any high point for MCSMX and FHKTX.
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Drawdown Indicators
| MCSMX | FHKTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -58.83% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -15.69% | -15.99% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -53.98% | -54.25% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -58.83% | +3.06% |
Current DrawdownCurrent decline from peak | -24.92% | -10.83% | -14.09% |
Average DrawdownAverage peak-to-trough decline | -20.31% | -19.28% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 4.13% | +1.50% |
Volatility
MCSMX vs. FHKTX - Volatility Comparison
The current volatility for Matthews China Small Companies Fund (MCSMX) is 8.13%, while Fidelity Advisor China Region Fund Class M (FHKTX) has a volatility of 9.27%. This indicates that MCSMX experiences smaller price fluctuations and is considered to be less risky than FHKTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCSMX | FHKTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 9.27% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 16.43% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 23.16% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 23.96% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 22.09% | -0.10% |