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FCSS.L vs. HFEL.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

FCSS.L vs. HFEL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity China Special Situations plc (FCSS.L) and Henderson Far East Income Ltd (HFEL.L). The values are adjusted to include any dividend payments, if applicable.

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FCSS.L vs. HFEL.L - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FCSS.L
Fidelity China Special Situations plc
-6.14%40.12%8.61%-9.30%-21.25%-17.53%68.64%24.10%-18.81%39.79%
HFEL.L
Henderson Far East Income Ltd
7.21%16.31%19.07%-13.15%0.88%-2.77%-4.06%12.75%-3.42%16.89%

Fundamentals

Market Cap

FCSS.L:

£1.39B

HFEL.L:

£430.77M

EPS

FCSS.L:

£2.47

HFEL.L:

£0.49

PE Ratio

FCSS.L:

1.15

HFEL.L:

5.10

PEG Ratio

FCSS.L:

0.00

HFEL.L:

0.08

PS Ratio

FCSS.L:

1.86

HFEL.L:

4.14

PB Ratio

FCSS.L:

0.80

HFEL.L:

1.06

Total Revenue (TTM)

FCSS.L:

£747.29M

HFEL.L:

£103.96M

Gross Profit (TTM)

FCSS.L:

£142.40M

HFEL.L:

£97.69M

EBITDA (TTM)

FCSS.L:

£714.49M

HFEL.L:

£95.79M

Returns By Period

In the year-to-date period, FCSS.L achieves a -6.14% return, which is significantly lower than HFEL.L's 7.21% return. Over the past 10 years, FCSS.L has outperformed HFEL.L with an annualized return of 9.76%, while HFEL.L has yielded a comparatively lower 7.09% annualized return.


FCSS.L

1D
1.07%
1M
-9.00%
YTD
-6.14%
6M
-13.59%
1Y
9.85%
3Y*
7.90%
5Y*
-5.68%
10Y*
9.76%

HFEL.L

1D
1.01%
1M
-5.65%
YTD
7.21%
6M
9.24%
1Y
28.40%
3Y*
9.88%
5Y*
4.41%
10Y*
7.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

FCSS.L vs. HFEL.L — Risk / Return Rank

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

FCSS.L
FCSS.L Risk / Return Rank: 5252
Overall Rank
FCSS.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
FCSS.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
FCSS.L Omega Ratio Rank: 4747
Omega Ratio Rank
FCSS.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
FCSS.L Martin Ratio Rank: 5959
Martin Ratio Rank

HFEL.L
HFEL.L Risk / Return Rank: 8484
Overall Rank
HFEL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HFEL.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
HFEL.L Omega Ratio Rank: 8484
Omega Ratio Rank
HFEL.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
HFEL.L Martin Ratio Rank: 8787
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.

FCSS.L vs. HFEL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity China Special Situations plc (FCSS.L) and Henderson Far East Income Ltd (HFEL.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.


FCSS.LHFEL.LDifference

Sharpe ratio

Return per unit of total volatility

0.40

1.65

-1.25

Sortino ratio

Return per unit of downside risk

0.67

2.19

-1.52

Omega ratio

Gain probability vs. loss probability

1.10

1.33

-0.23

Calmar ratio

Return relative to maximum drawdown

0.66

2.78

-2.11

Martin ratio

Return relative to average drawdown

1.87

9.42

-7.56

FCSS.L vs. HFEL.L - Sharpe Ratio Comparison

The current FCSS.L Sharpe Ratio is 0.40, which is lower than the HFEL.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FCSS.L and HFEL.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.


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Sharpe Ratios by Period


FCSS.LHFEL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.40

1.65

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.20

0.29

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

0.40

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

Correlation

The correlation between FCSS.L and HFEL.L is 0.48, 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

FCSS.L vs. HFEL.L - Dividend Comparison

FCSS.L's dividend yield for the trailing twelve months is around 3.18%, less than HFEL.L's 9.96% yield.


TTM20252024202320222021202020192018201720162015
FCSS.L
Fidelity China Special Situations plc
3.18%2.99%2.87%2.96%2.29%1.50%1.11%1.67%1.86%1.06%1.06%0.91%
HFEL.L
Henderson Far East Income Ltd
9.96%10.40%10.72%11.26%8.71%7.93%7.04%6.13%6.26%5.49%5.83%6.61%

Drawdowns

FCSS.L vs. HFEL.L - Drawdown Comparison

The maximum FCSS.L drawdown since its inception was -62.98%, smaller than the maximum HFEL.L drawdown of -60,394.88%. Use the drawdown chart below to compare losses from any high point for FCSS.L and HFEL.L.


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Drawdown Indicators


FCSS.LHFEL.LDifference

Max Drawdown

Largest peak-to-trough decline

-62.98%

-60,394.88%

+60,331.90%

Max Drawdown (1Y)

Largest decline over 1 year

-18.94%

-12.06%

-6.88%

Max Drawdown (5Y)

Largest decline over 5 years

-57.76%

-26.99%

-30.77%

Max Drawdown (10Y)

Largest decline over 10 years

-62.98%

-33.94%

-29.04%

Current Drawdown

Current decline from peak

-35.54%

-55,833.83%

+55,798.29%

Average Drawdown

Average peak-to-trough decline

-24.84%

-13,549.26%

+13,524.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.94%

3.05%

+2.89%

Volatility

FCSS.L vs. HFEL.L - Volatility Comparison

Fidelity China Special Situations plc (FCSS.L) has a higher volatility of 7.35% compared to Henderson Far East Income Ltd (HFEL.L) at 5.56%. This indicates that FCSS.L's price experiences larger fluctuations and is considered to be riskier than HFEL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FCSS.LHFEL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.35%

5.56%

+1.79%

Volatility (6M)

Calculated over the trailing 6-month period

15.94%

12.05%

+3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

24.29%

17.15%

+7.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.06%

15.04%

+13.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.97%

17.89%

+8.08%

Financials

FCSS.L vs. HFEL.L - Financials Comparison

This section allows you to compare key financial metrics between Fidelity China Special Situations plc and Henderson Far East Income Ltd. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


-400.00M-200.00M0.00200.00M400.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJuly
415.05M
42.48M
(FCSS.L) Total Revenue
(HFEL.L) Total Revenue
Values in GBp except per share items

FCSS.L vs. HFEL.L - Profitability Comparison

The chart below illustrates the profitability comparison between Fidelity China Special Situations plc and Henderson Far East Income Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJuly0
95.1%
Portfolio components
FCSS.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported a gross profit of 0.00 and revenue of 415.05M. Therefore, the gross margin over that period was 0.0%.

HFEL.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported a gross profit of 40.41M and revenue of 42.48M. Therefore, the gross margin over that period was 95.1%.

FCSS.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported an operating income of 407.32M and revenue of 415.05M, resulting in an operating margin of 98.1%.

HFEL.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported an operating income of 40.25M and revenue of 42.48M, resulting in an operating margin of 94.8%.

FCSS.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported a net income of 397.63M and revenue of 415.05M, resulting in a net margin of 95.8%.

HFEL.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported a net income of 37.02M and revenue of 42.48M, resulting in a net margin of 87.2%.