FCSS.L vs. SDEU.L
FCSS.L (Fidelity China Special Situations plc) is a stock, while SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Over the past 10 years, FCSS.L returned 9.63%/yr vs -0.29%/yr for SDEU.L. At a correlation of -0.02, they often move in opposite directions.
Performance
FCSS.L vs. SDEU.L - Performance Comparison
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Different Trading Currencies
FCSS.L is traded in GBp, while SDEU.L is traded in GBP. To make them comparable, the SDEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FCSS.L achieves a -5.47% return, which is significantly lower than SDEU.L's -1.11% return. Over the past 10 years, FCSS.L has outperformed SDEU.L with an annualized return of 9.63%, while SDEU.L has yielded a comparatively lower -0.29% annualized return.
FCSS.L
- 1D
- -0.35%
- 1M
- -2.40%
- YTD
- -5.47%
- 6M
- -7.92%
- 1Y
- 16.51%
- 3Y*
- 12.57%
- 5Y*
- -5.01%
- 10Y*
- 9.63%
SDEU.L
- 1D
- 0.24%
- 1M
- 0.73%
- YTD
- -1.11%
- 6M
- -1.20%
- 1Y
- 1.62%
- 3Y*
- 1.13%
- 5Y*
- -2.81%
- 10Y*
- -0.29%
FCSS.L vs. SDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSS.L Fidelity China Special Situations plc | -5.47% | 40.12% | 8.61% | -9.30% | -21.25% | -17.53% | 68.64% | 24.10% | -18.81% | 39.79% |
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | -1.11% | 3.89% | -3.80% | 2.90% | -13.18% | -9.06% | 8.46% | -2.18% | 3.12% | 1.86% |
Correlation
The correlation between FCSS.L and SDEU.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | -0.02 |
The correlation between FCSS.L and SDEU.L shifts across timeframes, from -0.02 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCSS.L vs. SDEU.L — Risk / Return Rank
FCSS.L
SDEU.L
FCSS.L vs. SDEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity China Special Situations plc (FCSS.L) and iShares Germany Government Bond UCITS ETF (Dist) (SDEU.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.L | SDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.39 | +0.60 |
| Martin ratioReturn relative to average drawdown | 2.26 | 0.81 | +1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCSS.L | SDEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.31 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | -0.38 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | -0.03 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.06 | +0.26 |
Drawdowns
FCSS.L vs. SDEU.L - Drawdown Comparison
The maximum FCSS.L drawdown since its inception was -62.98%, which is greater than SDEU.L's maximum drawdown of -27.61%. Use the drawdown chart below to compare losses from any high point for FCSS.L and SDEU.L.
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Drawdown Indicators
| FCSS.L | SDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -27.61% | -35.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.69% | -4.18% | -12.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -7.00% | -20.34% |
Max Drawdown (5Y)Largest decline over 5 years | -56.66% | -20.62% | -36.04% |
Max Drawdown (10Y)Largest decline over 10 years | -62.98% | -27.61% | -35.37% |
Current DrawdownCurrent decline from peak | -35.09% | -23.00% | -12.09% |
Average DrawdownAverage peak-to-trough decline | -24.93% | -11.22% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 2.00% | +5.29% |
Volatility
FCSS.L vs. SDEU.L - Volatility Comparison
Fidelity China Special Situations plc (FCSS.L) has a higher volatility of 6.84% compared to iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) at 1.61%. This indicates that FCSS.L's price experiences larger fluctuations and is considered to be riskier than SDEU.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.L | SDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 1.61% | +5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.40% | 3.81% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 5.15% | +15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.18% | 7.39% | +20.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.10% | 8.60% | +17.50% |
Dividends
FCSS.L vs. SDEU.L - Dividend Comparison
FCSS.L's dividend yield for the trailing twelve months is around 3.16%, more than SDEU.L's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSS.L Fidelity China Special Situations plc | 3.16% | 2.99% | 2.87% | 2.96% | 2.29% | 1.50% | 1.11% | 1.67% | 1.86% | 1.06% | 1.06% | 0.91% |
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | 2.53% | 2.50% | 2.57% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.34% |
Frequently Asked Questions
FCSS.L and SDEU.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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