XPEV vs. FHKCX

Last updated Jun 23, 2026

XPEV (XPeng Inc.) is a stock, while FHKCX (Fidelity China Region Fund) is China Equities fund managed by Fidelity. Over the past 5 years, XPEV returned -20.34%/yr vs 9.24%/yr for FHKCX. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

XPEV vs. FHKCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XPeng Inc. (XPEV) 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, XPEV achieves a -34.17% return, which is significantly lower than FHKCX's 38.67% return.

XPEV

• 1D: 1.06%
• 1M: -14.37%
• YTD: -34.17%
• 6M: -33.32%
• 1Y: -27.09%
• 3Y*: 10.48%
• 5Y*: -20.34%
• 10Y*: —

FHKCX

• 1D: 2.72%
• 1M: 4.39%
• YTD: 38.67%
• 6M: 40.17%
• 1Y: 79.89%
• 3Y*: 31.42%
• 5Y*: 9.24%
• 10Y*: 15.49%

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

XPEV vs. FHKCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XPEV XPeng Inc.	-34.17%	71.57%	-18.99%	46.78%	-80.25%	17.51%	85.41%
FHKCX Fidelity China Region Fund	38.67%	42.56%	23.15%	-0.29%	-23.87%	-13.69%	14.94%

Correlation

The correlation between XPEV and FHKCX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020	0.56

The correlation between XPEV and FHKCX shifts across timeframes, from 0.46 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XPEV vs. FHKCX — Risk / Return Rank

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

XPEV

XPEV Risk / Return Rank: 22
XPEV Sharpe Ratio Rank: 20
XPEV Sortino Ratio Rank: 21
XPEV Omega Ratio Rank: 22
XPEV Calmar Ratio Rank: 24
XPEV Martin Ratio Rank: 22

FHKCX

FHKCX Risk / Return Rank: 94
FHKCX Sharpe Ratio Rank: 98
FHKCX Sortino Ratio Rank: 89
FHKCX Omega Ratio Rank: 88
FHKCX Calmar Ratio Rank: 98
FHKCX Martin Ratio Rank: 96

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.

XPEV vs. FHKCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XPeng Inc. (XPEV) 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.

	XPEV	FHKCX	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	3.43	-3.92
Sortino ratio: Return per unit of downside risk	-0.44	4.04	-4.48
Omega ratio: Gain probability vs. loss probability	0.95	1.58	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.51	7.26	-7.77
Martin ratio: Return relative to average drawdown	-0.95	21.66	-22.61

XPEV vs. FHKCX - Sharpe Ratio Comparison

The current XPEV Sharpe Ratio is -0.49, which is lower than the FHKCX Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of XPEV 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

XPEV vs. FHKCX - Drawdown Comparison

The maximum XPEV drawdown since its inception was -91.12%, which is greater than FHKCX's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for XPEV and FHKCX.

Drawdown Indicators

	XPEV	FHKCX	Difference
Max Drawdown Largest peak-to-trough decline	-91.12%	-61.96%	-29.16%
Max Drawdown (1Y) Largest decline over 1 year	-52.94%	-10.80%	-42.14%
Max Drawdown (3Y) Largest decline over 3 years	-71.65%	-22.02%	-49.63%
Max Drawdown (5Y) Largest decline over 5 years	-88.35%	-52.42%	-35.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.41%	—
Current Drawdown Current decline from peak	-81.50%	-0.88%	-80.62%
Average Drawdown Average peak-to-trough decline	-67.94%	-20.23%	-47.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.61%	3.61%	+25.00%

Volatility

XPEV vs. FHKCX - Volatility Comparison

XPeng Inc. (XPEV) has a higher volatility of 13.96% compared to Fidelity China Region Fund (FHKCX) at 10.44%. This indicates that XPEV'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

	XPEV	FHKCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.96%	10.44%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	35.74%	18.68%	+17.06%
Volatility (1Y) Calculated over the trailing 1-year period	55.21%	22.86%	+32.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.54%	24.53%	+54.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.28%	22.47%	+60.81%

Dividends

XPEV vs. FHKCX - Dividend Comparison

XPEV has not paid dividends to shareholders, while FHKCX's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKCX Fidelity China Region Fund	1.26%	1.75%	1.39%	1.92%	1.05%	10.77%	4.85%	0.66%	0.83%	0.39%	1.35%	15.47%
XPEV XPeng 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 XPEV and FHKCX in my portfolio?

XPEV and FHKCX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPEV or FHKCX?

XPEV has higher volatility (13.96%) compared to FHKCX (10.44%). In terms of maximum drawdown, XPEV dropped -91.12% vs FHKCX's -61.96%.

Which has better risk-adjusted returns?

FHKCX currently has the higher Sharpe Ratio (3.43 vs -0.49), 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.