PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FCIT.L vs. SMT.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FCIT.L vs. SMT.L

Last updated Apr 2, 2026

Compare and contrast key facts about F&C Investment Trust plc (FCIT.L) and Scottish Mortgage Investment Trust plc (SMT.L).

SMT.L is an actively managed fund by Baillie Gifford Funds. It was launched on Mar 31, 2023.

Performance

FCIT.L vs. SMT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in F&C Investment Trust plc (FCIT.L) and Scottish Mortgage Investment Trust plc (SMT.L). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

FCIT.L vs. SMT.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FCIT.L
F&C Investment Trust plc		-0.98%14.68%16.94%8.10%-0.89%19.40%4.62%22.88%-0.57%21.04%
SMT.L
Scottish Mortgage Investment Trust plc		6.11%24.72%18.75%12.46%-45.71%10.46%110.49%24.76%4.64%41.09%

Returns By Period

In the year-to-date period, FCIT.L achieves a -0.98% return, which is significantly lower than SMT.L's 6.11% return. Over the past 10 years, FCIT.L has underperformed SMT.L with an annualized return of 12.80%, while SMT.L has yielded a comparatively higher 17.57% annualized return.

FCIT.L

1D
2.74%
1M
-2.91%
YTD
-0.98%
6M
2.61%
1Y
15.59%
3Y*
12.43%
5Y*
10.79%
10Y*
12.80%

SMT.L

1D
5.67%
1M
4.09%
YTD
6.11%
6M
10.71%
1Y
32.93%
3Y*
23.47%
5Y*
2.03%
10Y*
17.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

F&C Investment Trust plc

Scottish Mortgage Investment Trust plc

Often compared with FCIT.L:
FCIT.L vs. JAM.LFCIT.L vs. LWDB.LFCIT.L vs. MYI.LFCIT.L vs. HMWO.LFCIT.L vs. FNCL.LFCIT.L vs. JGGI.LFCIT.L vs. CTY.L
Often compared with SMT.L:
SMT.L vs. SPXP.LSMT.L vs. QQQSMT.L vs. BRK-BSMT.L vs. HMWO.LSMT.L vs. AGT.LSMT.L vs. III.LSMT.L vs. ACWI

Return for Risk

FCIT.L vs. SMT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCIT.L
FCIT.L Risk / Return Rank: 7474
Overall Rank
FCIT.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FCIT.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
FCIT.L Omega Ratio Rank: 6767
Omega Ratio Rank
FCIT.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
FCIT.L Martin Ratio Rank: 8484
Martin Ratio Rank
SMT.L
SMT.L Risk / Return Rank: 7878
Overall Rank
SMT.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SMT.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SMT.L Omega Ratio Rank: 7171
Omega Ratio Rank
SMT.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
SMT.L Martin Ratio Rank: 7979
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.

FCIT.L vs. SMT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F&C Investment Trust plc (FCIT.L) and Scottish Mortgage Investment Trust plc (SMT.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.

FCIT.LSMT.LDifference

Sharpe ratio

Return per unit of total volatility

1.01

1.47

-0.46

Sortino ratio

Return per unit of downside risk

1.49

2.11

-0.62

Omega ratio

Gain probability vs. loss probability

1.20

1.27

-0.07

Calmar ratio

Return relative to maximum drawdown

2.16

2.78

-0.62

Martin ratio

Return relative to average drawdown

7.52

9.07

-1.56

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

FCIT.L vs. SMT.L - Sharpe Ratio Comparison

The current FCIT.L Sharpe Ratio is 1.01, which is lower than the SMT.L Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FCIT.L and SMT.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

FCIT.LSMT.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

1.47

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.07

+0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.61

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.54

-0.05

Correlation

The correlation between FCIT.L and SMT.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FCIT.L vs. SMT.L - Dividend Comparison

FCIT.L's dividend yield for the trailing twelve months is around 1.31%, more than SMT.L's 0.35% yield.

TTM20252024202320222021202020192018201720162015
FCIT.L
F&C Investment Trust plc		1.31%1.28%1.36%1.44%1.46%1.33%1.47%1.49%1.71%1.57%1.78%2.11%
SMT.L
Scottish Mortgage Investment Trust plc		0.35%0.37%0.44%0.51%0.51%0.26%0.27%0.54%0.66%0.67%0.93%1.05%

Drawdowns

FCIT.L vs. SMT.L - Drawdown Comparison

The maximum FCIT.L drawdown since its inception was -68.22%, which is greater than SMT.L's maximum drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for FCIT.L and SMT.L.

Loading graphics...

Drawdown Indicators

FCIT.LSMT.LDifference

Max Drawdown

Largest peak-to-trough decline

-68.22%

-62.61%

-5.61%

Max Drawdown (1Y)

Largest decline over 1 year

-10.43%

-13.50%

+3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-19.70%

-60.11%

+40.41%

Max Drawdown (10Y)

Largest decline over 10 years

-39.19%

-60.11%

+20.92%

Current Drawdown

Current decline from peak

-4.11%

-16.77%

+12.66%

Average Drawdown

Average peak-to-trough decline

-10.39%

-16.09%

+5.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

3.76%

-1.53%

Volatility

FCIT.L vs. SMT.L - Volatility Comparison

The current volatility for F&C Investment Trust plc (FCIT.L) is 5.70%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 9.24%. This indicates that FCIT.L experiences smaller price fluctuations and is considered to be less risky than SMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

FCIT.LSMT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.70%

9.24%

-3.54%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

15.99%

-6.21%

Volatility (1Y)

Calculated over the trailing 1-year period

15.36%

22.36%

-7.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.96%

29.98%

-14.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.30%

28.68%

-11.38%