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FAS.L vs. HUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAS.L vs. HUKX.L

Last updated Jun 4, 2026

FAS.L (Fidelity Asian Values) is a stock, while HUKX.L (HSBC FTSE 100 UCITS ETF GBP) is Europe Equities fund tracking the FTSE AllSh TR GBP. Over the past 10 years, FAS.L returned 10.94%/yr vs 9.18%/yr for HUKX.L. At a 0.34 correlation, their price movements are largely independent.

Performance

FAS.L vs. HUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Asian Values (FAS.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FAS.L achieves a -0.67% return, which is significantly lower than HUKX.L's 5.40% return. Over the past 10 years, FAS.L has outperformed HUKX.L with an annualized return of 10.94%, while HUKX.L has yielded a comparatively lower 9.18% annualized return.

FAS.L

1D
-0.67%
1M
-5.43%
YTD
-0.67%
6M
-1.66%
1Y
20.47%
3Y*
7.96%
5Y*
7.26%
10Y*
10.94%

HUKX.L

1D
-0.27%
1M
-0.19%
YTD
5.40%
6M
8.09%
1Y
20.84%
3Y*
14.62%
5Y*
11.81%
10Y*
9.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAS.L vs. HUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FAS.L
Fidelity Asian Values		-0.67%22.24%0.90%7.17%10.44%13.50%3.91%2.21%5.92%14.46%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		5.40%26.20%9.58%7.36%5.07%17.54%-11.64%17.42%-8.67%12.39%

Correlation

The correlation between FAS.L and HUKX.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

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

0.33

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2009

0.34

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Fidelity Asian Values

HSBC FTSE 100 UCITS ETF GBP

Often compared with FAS.L:
FAS.L vs. VOOFAS.L vs. FCIT.LFAS.L vs. ATR.LFAS.L vs. ORIT.LFAS.L vs. ASL.LFAS.L vs. BRSC.LFAS.L vs. FEV.L
Often compared with HUKX.L:
HUKX.L vs. ISF.LHUKX.L vs. VUKG.LHUKX.L vs. VFWAXHUKX.L vs. EUDVHUKX.L vs. LDUK.LHUKX.L vs. HSPD.LHUKX.L vs. LDEG.L

Return for Risk

FAS.L vs. HUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAS.L
FAS.L Risk / Return Rank: 7474
Overall Rank
FAS.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
FAS.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
FAS.L Omega Ratio Rank: 7373
Omega Ratio Rank
FAS.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
FAS.L Martin Ratio Rank: 7474
Martin Ratio Rank
HUKX.L
HUKX.L Risk / Return Rank: 5353
Overall Rank
HUKX.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
HUKX.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
HUKX.L Omega Ratio Rank: 5858
Omega Ratio Rank
HUKX.L Calmar Ratio Rank: 4848
Calmar Ratio Rank
HUKX.L Martin Ratio Rank: 4949
Martin Ratio Rank
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.

FAS.L vs. HUKX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asian Values (FAS.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.L). 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.

FAS.LHUKX.LDifference
Sharpe ratioReturn per unit of total volatility
1.30
1.92

-0.62

Sortino ratioReturn per unit of downside risk
1.81
2.69

-0.88

Omega ratioGain probability vs. loss probability

1.25

1.36

-0.12

Calmar ratioReturn relative to maximum drawdown

1.71

2.36

-0.65

Martin ratioReturn relative to average drawdown

4.62

8.19

-3.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAS.L vs. HUKX.L - Sharpe Ratio Comparison

The current FAS.L Sharpe Ratio is 1.30, which is lower than the HUKX.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FAS.L and HUKX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FAS.LHUKX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.30

1.92

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.93

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.61

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.53

-0.26

Drawdowns

FAS.L vs. HUKX.L - Drawdown Comparison

The maximum FAS.L drawdown since its inception was -72.25%, which is greater than HUKX.L's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for FAS.L and HUKX.L.

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Drawdown Indicators

FAS.LHUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-72.25%

-34.22%

-38.03%

Max Drawdown (1Y)

Largest decline over 1 year

-11.90%

-8.78%

-3.12%

Max Drawdown (3Y)

Largest decline over 3 years

-13.80%

-12.95%

-0.85%

Max Drawdown (5Y)

Largest decline over 5 years

-18.44%

-12.95%

-5.49%

Max Drawdown (10Y)

Largest decline over 10 years

-45.04%

-34.22%

-10.82%

Current Drawdown

Current decline from peak

-11.90%

-4.15%

-7.75%

Average Drawdown

Average peak-to-trough decline

-17.72%

-4.37%

-13.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.42%

2.54%

+1.88%

Volatility

FAS.L vs. HUKX.L - Volatility Comparison

Fidelity Asian Values (FAS.L) has a higher volatility of 6.18% compared to HSBC FTSE 100 UCITS ETF GBP (HUKX.L) at 4.12%. This indicates that FAS.L's price experiences larger fluctuations and is considered to be riskier than HUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAS.LHUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.18%

4.12%

+2.06%

Volatility (6M)

Calculated over the trailing 6-month period

13.31%

9.43%

+3.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

10.82%

+4.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.36%

12.65%

+3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.35%

14.96%

+3.39%

Dividends

FAS.L vs. HUKX.L - Dividend Comparison

FAS.L's dividend yield for the trailing twelve months is around 3.46%, more than HUKX.L's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
FAS.L
Fidelity Asian Values		3.46%3.44%2.88%2.82%2.83%1.90%2.05%2.15%1.34%1.28%1.30%0.81%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		2.86%2.95%3.74%3.50%3.63%3.19%4.04%4.31%4.35%3.79%3.49%3.79%

Frequently Asked Questions

FAS.L and HUKX.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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