ACWL.L vs. FKMCX

Last updated Jun 4, 2026

ACWL.L (Lyxor MSCI All Country World UCITS ETF) and FKMCX (Fidelity Mid-Cap Stock Fund Class K) are both funds - ACWL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while FKMCX is a Mid Cap Blend Equities fund managed by Fidelity. Over the past 10 years, ACWL.L returned 13.73%/yr vs 13.27%/yr for FKMCX. At a 0.17 correlation, their price movements are largely independent. ACWL.L charges 0.45%/yr vs 0.76%/yr for FKMCX.

Performance

ACWL.L vs. FKMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI All Country World UCITS ETF (ACWL.L) and Fidelity Mid-Cap Stock Fund Class K (FKMCX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ACWL.L is traded in GBp, while FKMCX is traded in USD. To make them comparable, the FKMCX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ACWL.L achieves a 12.44% return, which is significantly lower than FKMCX's 17.53% return. Both investments have delivered pretty close results over the past 10 years, with ACWL.L having a 13.73% annualized return and FKMCX not far behind at 13.27%.

ACWL.L

• 1D: -0.29%
• 1M: 6.05%
• YTD: 12.44%
• 6M: 12.71%
• 1Y: 30.24%
• 3Y*: 18.94%
• 5Y*: 12.39%
• 10Y*: 13.73%

FKMCX

• 1D: 1.57%
• 1M: 4.38%
• YTD: 17.53%
• 6M: 17.83%
• 1Y: 32.01%
• 3Y*: 15.59%
• 5Y*: 11.49%
• 10Y*: 13.27%

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

ACWL.L vs. FKMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACWL.L Lyxor MSCI All Country World UCITS ETF	12.44%	13.63%	21.43%	13.09%	-8.59%	20.41%	9.74%	18.01%	2.02%	11.14%
FKMCX Fidelity Mid-Cap Stock Fund Class K	17.53%	3.90%	16.66%	5.56%	4.85%	29.94%	8.29%	20.73%	-4.88%	7.82%

Correlation

The correlation between ACWL.L and FKMCX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015	0.17

Over the past year, ACWL.L and FKMCX have become more correlated (0.51) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

ACWL.L vs. FKMCX — Risk / Return Rank

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

ACWL.L

ACWL.L Risk / Return Rank: 87
ACWL.L Sharpe Ratio Rank: 89
ACWL.L Sortino Ratio Rank: 89
ACWL.L Omega Ratio Rank: 90
ACWL.L Calmar Ratio Rank: 81
ACWL.L Martin Ratio Rank: 85

FKMCX

FKMCX Risk / Return Rank: 62
FKMCX Sharpe Ratio Rank: 51
FKMCX Sortino Ratio Rank: 49
FKMCX Omega Ratio Rank: 46
FKMCX Calmar Ratio Rank: 83
FKMCX Martin Ratio Rank: 80

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.

ACWL.L vs. FKMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI All Country World UCITS ETF (ACWL.L) and Fidelity Mid-Cap Stock Fund Class K (FKMCX). 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.

	ACWL.L	FKMCX	Difference
Sharpe ratio: Return per unit of total volatility	3.06	2.27	+0.79
Sortino ratio: Return per unit of downside risk	4.15	3.08	+1.07
Omega ratio: Gain probability vs. loss probability	1.59	1.40	+0.19
Calmar ratio: Return relative to maximum drawdown	4.26	4.51	-0.24
Martin ratio: Return relative to average drawdown	17.67	16.23	+1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWL.L vs. FKMCX - Sharpe Ratio Comparison

The current ACWL.L Sharpe Ratio is 3.06, which is higher than the FKMCX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ACWL.L and FKMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACWL.L	FKMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	2.27	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.90	0.70	+1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.61	0.73	+1.87
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	0.62	+1.74

Drawdowns

ACWL.L vs. FKMCX - Drawdown Comparison

The maximum ACWL.L drawdown since its inception was -18.15%, smaller than the maximum FKMCX drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for ACWL.L and FKMCX.

Drawdown Indicators

	ACWL.L	FKMCX	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-46.20%	+28.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-7.51%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-18.15%	-24.27%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	-24.27%	+6.12%
Max Drawdown (10Y) Largest decline over 10 years	-18.15%	-33.64%	+15.49%
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.44%	-6.33%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.08%	-0.37%

Volatility

ACWL.L vs. FKMCX - Volatility Comparison

The current volatility for Lyxor MSCI All Country World UCITS ETF (ACWL.L) is 2.64%, while Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a volatility of 4.65%. This indicates that ACWL.L experiences smaller price fluctuations and is considered to be less risky than FKMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWL.L	FKMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	4.65%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	11.55%	-4.53%
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	14.95%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	16.52%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	18.20%	+5.14%

ACWL.L vs. FKMCX - Expense Ratio Comparison

ACWL.L has a 0.45% expense ratio, which is lower than FKMCX's 0.76% expense ratio.

Dividends

ACWL.L vs. FKMCX - Dividend Comparison

ACWL.L has not paid dividends to shareholders, while FKMCX's dividend yield for the trailing twelve months is around 1.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWL.L Lyxor MSCI All Country World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FKMCX Fidelity Mid-Cap Stock Fund Class K	1.58%	1.85%	8.91%	2.69%	5.49%	12.87%	6.82%	6.73%	13.52%	6.66%	8.36%	14.27%

Frequently Asked Questions

Can I hold both ACWL.L and FKMCX in my portfolio?

ACWL.L and FKMCX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.