OBCHX vs. FERIX

Last updated Aug 1, 2026

OBCHX (Oberweis China Opportunities Fund) and FERIX (Fidelity Advisor Emerging Asia Fund Class I) are both mutual funds - OBCHX is a China Equities fund managed by Oberweis, while FERIX is a Asia Pacific Equities fund managed by Fidelity. Over the past 10 years, OBCHX returned 9.39%/yr vs 14.03%/yr for FERIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. OBCHX charges 2.03%/yr vs 0.94%/yr for FERIX.

Performance

OBCHX vs. FERIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oberweis China Opportunities Fund (OBCHX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OBCHX achieves a 21.44% return, which is significantly lower than FERIX's 23.67% return. Over the past 10 years, OBCHX has underperformed FERIX with an annualized return of 9.39%, while FERIX has yielded a comparatively higher 14.03% annualized return.

OBCHX

• 1D: 1.13%
• 1M: -8.25%
• 6M: 9.37%
• YTD: 21.44%
• 1Y: 39.01%
• 3Y*: 18.61%
• 5Y*: -0.26%
• 10Y*: 9.39%
• ALL TIME*: 10.38%

FERIX

• 1D: 3.45%
• 1M: -6.68%
• 6M: 13.37%
• YTD: 23.67%
• 1Y: 42.70%
• 3Y*: 27.32%
• 5Y*: 7.86%
• 10Y*: 14.03%
• ALL TIME*: 8.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FERIX Fidelity Advisor Emerging Asia Fund Class I	$0.00	$0.00	$0.00
OBCHX Oberweis China Opportunities Fund	$0.00	$0.00	$0.00

OBCHX vs. FERIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OBCHX Oberweis China Opportunities Fund	21.44%	40.89%	7.28%	-7.70%	-37.21%	-5.16%	57.06%	36.32%	-25.94%	54.99%
FERIX Fidelity Advisor Emerging Asia Fund Class I	23.67%	37.04%	20.95%	13.84%	-30.60%	-14.83%	72.97%	31.02%	-14.87%	45.94%

Correlation

The correlation between OBCHX and FERIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Oct 4, 2005	0.79

The correlation between OBCHX and FERIX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

OBCHX vs. FERIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OBCHX

OBCHX Risk / Return Rank: 57
OBCHX Sharpe Ratio Rank: 53
OBCHX Sortino Ratio Rank: 47
OBCHX Omega Ratio Rank: 49
OBCHX Calmar Ratio Rank: 80
OBCHX Martin Ratio Rank: 55

FERIX

FERIX Risk / Return Rank: 67
FERIX Sharpe Ratio Rank: 66
FERIX Sortino Ratio Rank: 56
FERIX Omega Ratio Rank: 66
FERIX Calmar Ratio Rank: 78
FERIX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OBCHX vs. FERIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oberweis China Opportunities Fund (OBCHX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OBCHX	FERIX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.57	-0.18
Sortino ratio: Return per unit of downside risk	1.88	2.04	-0.16
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	2.66	2.55	+0.10
Martin ratio: Return relative to average drawdown	7.43	8.31	-0.88

OBCHX vs. FERIX - Sharpe Ratio Comparison

The current OBCHX Sharpe Ratio is 1.39, which is comparable to the FERIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of OBCHX and FERIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OBCHX vs. FERIX - Drawdown Comparison

The maximum OBCHX drawdown since its inception was -74.03%, which is greater than FERIX's maximum drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for OBCHX and FERIX.

Drawdown Indicators

	OBCHX	FERIX	Difference
Max Drawdown Largest peak-to-trough decline	-74.03%	-60.82%	-13.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-15.58%	+2.74%
Max Drawdown (3Y) Largest decline over 3 years	-23.88%	-17.21%	-6.67%
Max Drawdown (5Y) Largest decline over 5 years	-51.59%	-50.56%	-1.03%
Max Drawdown (10Y) Largest decline over 10 years	-59.47%	-57.71%	-1.76%
Current Drawdown Current decline from peak	-19.05%	-12.67%	-6.38%
Average Drawdown Average peak-to-trough decline	-25.62%	-18.07%	-7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	4.78%	-0.19%

Volatility

OBCHX vs. FERIX - Volatility Comparison

The current volatility for Oberweis China Opportunities Fund (OBCHX) is 8.28%, while Fidelity Advisor Emerging Asia Fund Class I (FERIX) has a volatility of 9.96%. This indicates that OBCHX experiences smaller price fluctuations and is considered to be less risky than FERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBCHX	FERIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	9.96%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	19.05%	23.06%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	24.62%	25.39%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	23.76%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	21.50%	+3.87%

OBCHX vs. FERIX - Expense Ratio Comparison

OBCHX has a 2.03% expense ratio, which is higher than FERIX's 0.94% expense ratio.

Dividends

OBCHX vs. FERIX - Dividend Comparison

OBCHX's dividend yield for the trailing twelve months is around 0.83%, while FERIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FERIX Fidelity Advisor Emerging Asia Fund Class I	0.00%	0.00%	0.00%	0.00%	0.01%	12.49%	6.58%	5.30%	6.70%	0.03%	1.29%	0.82%
OBCHX Oberweis China Opportunities Fund	0.83%	1.01%	2.16%	0.46%	1.22%	41.65%	11.50%	3.37%	26.11%	6.26%	0.81%	11.05%

Frequently Asked Questions

Can I hold both OBCHX and FERIX in my portfolio?

OBCHX and FERIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBCHX or FERIX?

FERIX has higher volatility (9.96%) compared to OBCHX (8.28%). In terms of maximum drawdown, OBCHX dropped -74.03% vs FERIX's -60.82%.

Which has better risk-adjusted returns?

FERIX currently has the higher Sharpe Ratio (1.57 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.