OKTA vs. FHKCX

Last updated Jun 13, 2026

OKTA (Okta, Inc.) is a stock, while FHKCX (Fidelity China Region Fund) is China Equities fund managed by Fidelity. Over the past 5 years, OKTA returned -12.47%/yr vs 8.13%/yr for FHKCX. At a 0.32 correlation, their price movements are largely independent.

Performance

OKTA vs. FHKCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Okta, Inc. (OKTA) and Fidelity China Region Fund (FHKCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OKTA having a 34.49% return and FHKCX slightly lower at 33.90%.

OKTA

• 1D: -1.03%
• 1M: 48.71%
• YTD: 34.49%
• 6M: 28.95%
• 1Y: 16.08%
• 3Y*: 15.20%
• 5Y*: -12.47%
• 10Y*: —

FHKCX

• 1D: 4.07%
• 1M: -0.99%
• YTD: 33.90%
• 6M: 36.76%
• 1Y: 69.00%
• 3Y*: 31.30%
• 5Y*: 8.13%
• 10Y*: 15.22%

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

OKTA vs. FHKCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OKTA Okta, Inc.	34.49%	9.73%	-12.96%	32.49%	-69.52%	-11.83%	120.39%	80.83%	149.12%	7.83%
FHKCX Fidelity China Region Fund	33.90%	42.56%	23.15%	-0.29%	-23.87%	-13.69%	47.85%	35.12%	-17.43%	29.55%

Correlation

The correlation between OKTA and FHKCX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017	0.32

The correlation between OKTA and FHKCX shifts across timeframes, from 0.20 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OKTA vs. FHKCX — Risk / Return Rank

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

OKTA

OKTA Risk / Return Rank: 54
OKTA Sharpe Ratio Rank: 53
OKTA Sortino Ratio Rank: 54
OKTA Omega Ratio Rank: 53
OKTA Calmar Ratio Rank: 53
OKTA Martin Ratio Rank: 55

FHKCX

FHKCX Risk / Return Rank: 93
FHKCX Sharpe Ratio Rank: 96
FHKCX Sortino Ratio Rank: 87
FHKCX Omega Ratio Rank: 87
FHKCX Calmar Ratio Rank: 97
FHKCX Martin Ratio Rank: 95

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.

OKTA vs. FHKCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Okta, Inc. (OKTA) and Fidelity China Region Fund (FHKCX). 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.

	OKTA	FHKCX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	3.08	-2.78
Sortino ratio: Return per unit of downside risk	0.90	3.70	-2.80
Omega ratio: Gain probability vs. loss probability	1.11	1.53	-0.42
Calmar ratio: Return relative to maximum drawdown	0.43	6.43	-6.00
Martin ratio: Return relative to average drawdown	1.02	19.26	-18.24

OKTA vs. FHKCX - Sharpe Ratio Comparison

The current OKTA Sharpe Ratio is 0.30, which is lower than the FHKCX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of OKTA and FHKCX, 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

OKTA vs. FHKCX - Drawdown Comparison

The maximum OKTA drawdown since its inception was -84.57%, which is greater than FHKCX's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for OKTA and FHKCX.

Drawdown Indicators

	OKTA	FHKCX	Difference
Max Drawdown Largest peak-to-trough decline	-84.57%	-61.96%	-22.61%
Max Drawdown (1Y) Largest decline over 1 year	-37.75%	-10.80%	-26.95%
Max Drawdown (3Y) Largest decline over 3 years	-50.57%	-22.02%	-28.55%
Max Drawdown (5Y) Largest decline over 5 years	-83.43%	-52.42%	-31.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.41%	—
Current Drawdown Current decline from peak	-60.14%	-4.29%	-55.85%
Average Drawdown Average peak-to-trough decline	-38.27%	-20.25%	-18.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.82%	3.60%	+12.22%

Volatility

OKTA vs. FHKCX - Volatility Comparison

Okta, Inc. (OKTA) has a higher volatility of 32.92% compared to Fidelity China Region Fund (FHKCX) at 10.32%. This indicates that OKTA's price experiences larger fluctuations and is considered to be riskier than FHKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OKTA	FHKCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.92%	10.32%	+22.60%
Volatility (6M) Calculated over the trailing 6-month period	48.12%	18.40%	+29.72%
Volatility (1Y) Calculated over the trailing 1-year period	54.65%	22.56%	+32.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.50%	24.47%	+33.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.99%	22.44%	+31.55%

Dividends

OKTA vs. FHKCX - Dividend Comparison

OKTA has not paid dividends to shareholders, while FHKCX's dividend yield for the trailing twelve months is around 1.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKCX Fidelity China Region Fund	1.31%	1.75%	1.39%	1.92%	1.05%	10.77%	4.85%	0.66%	0.83%	0.39%	1.35%	15.47%
OKTA Okta, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OKTA and FHKCX in my portfolio?

OKTA and FHKCX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OKTA or FHKCX?

OKTA has higher volatility (32.92%) compared to FHKCX (10.32%). In terms of maximum drawdown, OKTA dropped -84.57% vs FHKCX's -61.96%.

Which has better risk-adjusted returns?

FHKCX currently has the higher Sharpe Ratio (3.08 vs 0.30), 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.