36B7.DE vs. FSCM.DE
36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) and FSCM.DE (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD) are both Global Corporate Bonds funds - 36B7.DE tracks the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged) while FSCM.DE tracks the Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor. Both are passively managed. Over the past 5 years, 36B7.DE returned -1.12%/yr vs 1.17%/yr for FSCM.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
36B7.DE vs. FSCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B7.DE achieves a 0.24% return, which is significantly lower than FSCM.DE's 3.71% return.
36B7.DE
- 1D
- 0.00%
- 1M
- 0.72%
- 6M
- 0.48%
- YTD
- 0.24%
- 1Y
- 2.17%
- 3Y*
- 3.77%
- 5Y*
- -1.12%
- 10Y*
- —
FSCM.DE
- 1D
- 0.00%
- 1M
- 1.47%
- 6M
- 3.79%
- YTD
- 3.71%
- 1Y
- 6.45%
- 3Y*
- 4.37%
- 5Y*
- 1.17%
- 10Y*
- —
36B7.DE vs. FSCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 0.24% | 4.83% | 1.72% | 6.08% | -16.05% | 1.60% |
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 3.71% | -2.05% | 6.97% | 6.07% | -10.63% | -12.81% |
Correlation
The correlation between 36B7.DE and FSCM.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021 | 0.47 |
The correlation between 36B7.DE and FSCM.DE shifts across timeframes, from 0.38 (1 year) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
36B7.DE vs. FSCM.DE — Risk / Return Rank
36B7.DE
FSCM.DE
36B7.DE vs. FSCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE). 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.
| 36B7.DE | FSCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.52 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.26 | 6.58 | -4.32 |
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Drawdowns
36B7.DE vs. FSCM.DE - Drawdown Comparison
The maximum 36B7.DE drawdown since its inception was -21.83%, roughly equal to the maximum FSCM.DE drawdown of -22.52%. Use the drawdown chart below to compare losses from any high point for 36B7.DE and FSCM.DE.
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Drawdown Indicators
| 36B7.DE | FSCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -22.52% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.57% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -8.72% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -12.32% | -9.30% |
Current DrawdownCurrent decline from peak | -6.97% | -10.19% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -16.05% | +7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.98% | -0.03% |
Volatility
36B7.DE vs. FSCM.DE - Volatility Comparison
The current volatility for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) is 0.91%, while Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE) has a volatility of 1.31%. This indicates that 36B7.DE experiences smaller price fluctuations and is considered to be less risky than FSCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B7.DE | FSCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.31% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 3.83% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 5.06% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 6.87% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 9.61% | -3.14% |
36B7.DE vs. FSCM.DE - Expense Ratio Comparison
Both 36B7.DE and FSCM.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
36B7.DE vs. FSCM.DE - Dividend Comparison
36B7.DE's dividend yield for the trailing twelve months is around 4.08%, less than FSCM.DE's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 4.08% | 4.01% | 3.87% | 3.23% | 2.71% | 2.07% | 1.19% | 0.94% |
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 5.90% | 4.95% | 5.01% | 4.66% | 2.98% | 1.08% | 0.00% | 0.00% |
Frequently Asked Questions
36B7.DE and FSCM.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36B7.DE and FSCM.DE have the same expense ratio: 0.25% per year.
36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged), while FSCM.DE tracks Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor. They also come from different issuers: iShares and Fidelity.
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