FGLR.DE vs. FSCM.DE
FGLR.DE (Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc) and FSCM.DE (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD) are both exchange-traded funds - FGLR.DE is a Global Equities fund tracking the Fidelity Sustainable Research Enhanced Global Equity, while FSCM.DE is a Global Corporate Bonds fund tracking the Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor. Both are passively managed. Over the past 5 years, FGLR.DE returned 11.73%/yr vs 1.06%/yr for FSCM.DE. At a 0.21 correlation, their price movements are largely independent. FGLR.DE charges 0.35%/yr vs 0.25%/yr for FSCM.DE.
Performance
FGLR.DE vs. FSCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FGLR.DE achieves a 9.94% return, which is significantly higher than FSCM.DE's 1.79% return.
FGLR.DE
- 1D
- 0.13%
- 1M
- 4.17%
- YTD
- 9.94%
- 6M
- 10.09%
- 1Y
- 22.01%
- 3Y*
- 15.71%
- 5Y*
- 11.73%
- 10Y*
- —
FSCM.DE
- 1D
- 0.12%
- 1M
- 1.02%
- YTD
- 1.79%
- 6M
- 1.29%
- 1Y
- 3.00%
- 3Y*
- 2.99%
- 5Y*
- 1.06%
- 10Y*
- —
FGLR.DE vs. FSCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FGLR.DE Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 9.94% | 5.43% | 24.62% | 20.29% | -14.52% | 21.45% |
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 1.79% | -2.57% | 6.58% | 5.69% | -10.75% | 5.55% |
Correlation
The correlation between FGLR.DE and FSCM.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.21 |
The correlation between FGLR.DE and FSCM.DE shifts across timeframes, from 0.21 (5 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FGLR.DE vs. FSCM.DE — Risk / Return Rank
FGLR.DE
FSCM.DE
FGLR.DE vs. FSCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE). 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.
| FGLR.DE | FSCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.17 | +1.83 |
| Martin ratioReturn relative to average drawdown | 11.73 | 2.93 | +8.80 |
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
| FGLR.DE | FSCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.62 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.15 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.14 | +0.82 |
Drawdowns
FGLR.DE vs. FSCM.DE - Drawdown Comparison
The maximum FGLR.DE drawdown since its inception was -22.47%, which is greater than FSCM.DE's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for FGLR.DE and FSCM.DE.
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Drawdown Indicators
| FGLR.DE | FSCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -12.64% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -2.57% | -4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -8.72% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -12.64% | -9.83% |
Current DrawdownCurrent decline from peak | -0.15% | -3.15% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -5.62% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.03% | +0.84% |
Volatility
FGLR.DE vs. FSCM.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) has a higher volatility of 2.51% compared to Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE) at 1.91%. This indicates that FGLR.DE's price experiences larger fluctuations and is considered to be riskier than FSCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGLR.DE | FSCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.91% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 3.65% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 4.88% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 6.88% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 6.83% | +7.56% |
FGLR.DE vs. FSCM.DE - Expense Ratio Comparison
FGLR.DE has a 0.35% expense ratio, which is higher than FSCM.DE's 0.25% expense ratio.
Dividends
FGLR.DE vs. FSCM.DE - Dividend Comparison
FGLR.DE has not paid dividends to shareholders, while FSCM.DE's dividend yield for the trailing twelve months is around 5.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FGLR.DE Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 5.11% | 4.41% | 4.65% | 4.31% | 2.84% | 0.93% |
Frequently Asked Questions
FGLR.DE and FSCM.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSCM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSCM.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for FGLR.DE.
FGLR.DE is categorized as Global Equities, while FSCM.DE is Global Corporate Bonds. FGLR.DE tracks Fidelity Sustainable Research Enhanced Global Equity, while FSCM.DE tracks Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor. Their fees differ too: 0.35% for FGLR.DE and 0.25% for FSCM.DE.
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