TRCLX vs. FHKAX
Compare and contrast key facts about T. Rowe Price China Evolution Equity Fund (TRCLX) and Fidelity Advisor China Region Fund Class A (FHKAX).
TRCLX is managed by T. Rowe Price. It was launched on Dec 9, 2019. FHKAX is managed by Fidelity. It was launched on May 9, 2008.
Performance
TRCLX vs. FHKAX - Performance Comparison
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TRCLX vs. FHKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 8.83% | 36.23% | 10.95% | -15.51% | -26.24% | 6.28% | 59.73% | 6.20% |
FHKAX Fidelity Advisor China Region Fund Class A | 5.42% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 7.14% |
Returns By Period
In the year-to-date period, TRCLX achieves a 8.83% return, which is significantly higher than FHKAX's 5.42% return.
TRCLX
- 1D
- 0.13%
- 1M
- -9.57%
- YTD
- 8.83%
- 6M
- 11.35%
- 1Y
- 39.54%
- 3Y*
- 10.51%
- 5Y*
- 0.31%
- 10Y*
- —
FHKAX
- 1D
- -0.67%
- 1M
- -9.06%
- YTD
- 5.42%
- 6M
- 6.13%
- 1Y
- 43.43%
- 3Y*
- 19.54%
- 5Y*
- 2.51%
- 10Y*
- 11.83%
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TRCLX vs. FHKAX - Expense Ratio Comparison
TRCLX has a 1.04% expense ratio, which is lower than FHKAX's 1.21% expense ratio.
Return for Risk
TRCLX vs. FHKAX — Risk / Return Rank
TRCLX
FHKAX
TRCLX vs. FHKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price China Evolution Equity Fund (TRCLX) and Fidelity Advisor China Region Fund Class A (FHKAX). 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.
| TRCLX | FHKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.85 | +0.17 |
Sortino ratioReturn per unit of downside risk | 2.54 | 2.39 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.48 | +0.23 |
Martin ratioReturn relative to average drawdown | 11.83 | 9.62 | +2.21 |
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
| TRCLX | FHKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.85 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.11 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.31 | +0.13 |
Correlation
The correlation between TRCLX and FHKAX is 0.80, 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
TRCLX vs. FHKAX - Dividend Comparison
TRCLX's dividend yield for the trailing twelve months is around 1.50%, which matches FHKAX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 1.50% | 1.64% | 1.78% | 2.56% | 2.76% | 8.23% | 1.50% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
FHKAX Fidelity Advisor China Region Fund Class A | 1.51% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
Drawdowns
TRCLX vs. FHKAX - Drawdown Comparison
The maximum TRCLX drawdown since its inception was -50.67%, smaller than the maximum FHKAX drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for TRCLX and FHKAX.
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Drawdown Indicators
| TRCLX | FHKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -58.62% | +7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -15.97% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -49.91% | -54.04% | +4.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.62% | — |
Current DrawdownCurrent decline from peak | -9.89% | -10.83% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -23.33% | -19.15% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 4.12% | -0.95% |
Volatility
TRCLX vs. FHKAX - Volatility Comparison
The current volatility for T. Rowe Price China Evolution Equity Fund (TRCLX) is 6.53%, while Fidelity Advisor China Region Fund Class A (FHKAX) has a volatility of 9.26%. This indicates that TRCLX experiences smaller price fluctuations and is considered to be less risky than FHKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRCLX | FHKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 9.26% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 16.44% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 23.16% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 23.95% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 22.09% | +1.34% |