SLB vs. FHKCX

Last updated Jun 13, 2026

SLB (Schlumberger Limited) is a stock, while FHKCX (Fidelity China Region Fund) is China Equities fund managed by Fidelity. Over the past 10 years, SLB returned -0.34%/yr vs 15.22%/yr for FHKCX. At a 0.29 correlation, their price movements are largely independent.

Performance

SLB vs. FHKCX - Performance Comparison

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

Returns By Period

In the year-to-date period, SLB achieves a 48.01% return, which is significantly higher than FHKCX's 33.90% return. Over the past 10 years, SLB has underperformed FHKCX with an annualized return of -0.34%, while FHKCX has yielded a comparatively higher 15.22% annualized return.

SLB

• 1D: 0.32%
• 1M: 1.98%
• YTD: 48.01%
• 6M: 44.00%
• 1Y: 61.98%
• 3Y*: 8.12%
• 5Y*: 12.44%
• 10Y*: -0.34%

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)

SLB vs. FHKCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLB Schlumberger Limited	48.01%	3.27%	-24.47%	-0.78%	81.15%	40.30%	-43.81%	17.73%	-44.66%	-17.37%
FHKCX Fidelity China Region Fund	33.90%	42.56%	23.15%	-0.29%	-23.87%	-13.69%	47.85%	35.12%	-17.43%	51.94%

Correlation

The correlation between SLB and FHKCX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 29, 1996	0.29

Return for Risk

SLB vs. FHKCX — Risk / Return Rank

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

SLB

SLB Risk / Return Rank: 87
SLB Sharpe Ratio Rank: 88
SLB Sortino Ratio Rank: 84
SLB Omega Ratio Rank: 82
SLB Calmar Ratio Rank: 91
SLB Martin Ratio Rank: 90

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.

SLB vs. FHKCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schlumberger Limited (SLB) 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.

	SLB	FHKCX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	3.08	-1.23
Sortino ratio: Return per unit of downside risk	2.48	3.70	-1.22
Omega ratio: Gain probability vs. loss probability	1.31	1.53	-0.22
Calmar ratio: Return relative to maximum drawdown	4.36	6.43	-2.08
Martin ratio: Return relative to average drawdown	10.97	19.26	-8.29

SLB vs. FHKCX - Sharpe Ratio Comparison

The current SLB Sharpe Ratio is 1.85, which is lower than the FHKCX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of SLB 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

SLB vs. FHKCX - Drawdown Comparison

The maximum SLB drawdown since its inception was -87.64%, which is greater than FHKCX's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for SLB and FHKCX.

Drawdown Indicators

	SLB	FHKCX	Difference
Max Drawdown Largest peak-to-trough decline	-87.64%	-61.96%	-25.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-10.80%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	-46.63%	-22.02%	-24.61%
Max Drawdown (5Y) Largest decline over 5 years	-46.63%	-52.42%	+5.79%
Max Drawdown (10Y) Largest decline over 10 years	-84.29%	-58.41%	-25.88%
Current Drawdown Current decline from peak	-33.53%	-4.29%	-29.24%
Average Drawdown Average peak-to-trough decline	-31.18%	-20.25%	-10.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	3.60%	+2.07%

Volatility

SLB vs. FHKCX - Volatility Comparison

The current volatility for Schlumberger Limited (SLB) is 9.50%, while Fidelity China Region Fund (FHKCX) has a volatility of 10.32%. This indicates that SLB experiences smaller price fluctuations and is considered to be less risky than FHKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLB	FHKCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	10.32%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	25.72%	18.40%	+7.32%
Volatility (1Y) Calculated over the trailing 1-year period	33.73%	22.56%	+11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.63%	24.47%	+13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.41%	22.44%	+17.97%

Dividends

SLB vs. FHKCX - Dividend Comparison

SLB's dividend yield for the trailing twelve months is around 2.06%, more than FHKCX's 1.31% yield.

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%
SLB Schlumberger Limited	2.06%	2.97%	2.87%	1.92%	1.22%	2.09%	4.01%	4.98%	5.54%	2.97%	2.38%	2.87%

Frequently Asked Questions

Can I hold both SLB and FHKCX in my portfolio?

SLB and FHKCX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLB or FHKCX?

FHKCX has higher volatility (10.32%) compared to SLB (9.50%). In terms of maximum drawdown, SLB dropped -87.64% vs FHKCX's -61.96%.

Which has better risk-adjusted returns?

FHKCX currently has the higher Sharpe Ratio (3.08 vs 1.85), 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.