FNCL.L vs. FCIT.L
Compare and contrast key facts about SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) and F&C Investment Trust plc (FCIT.L).
FNCL.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Dec 5, 2014.
Performance
FNCL.L vs. FCIT.L - Performance Comparison
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FNCL.L vs. FCIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCL.L SPDR® MSCI Europe Financials UCITS ETF | -3.08% | 47.03% | 25.92% | 21.19% | -1.89% | 28.62% | -15.42% | 22.23% | -18.97% | 12.71% |
FCIT.L F&C Investment Trust plc | -0.58% | 8.70% | 22.58% | 10.39% | -6.00% | 27.16% | -1.06% | 30.70% | -1.79% | 16.27% |
Different Trading Currencies
FNCL.L is traded in EUR, while FCIT.L is traded in GBp. To make them comparable, the FCIT.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FNCL.L achieves a -3.08% return, which is significantly lower than FCIT.L's -0.58% return. Both investments have delivered pretty close results over the past 10 years, with FNCL.L having a 12.06% annualized return and FCIT.L not far behind at 11.88%.
FNCL.L
- 1D
- 3.80%
- 1M
- -2.38%
- YTD
- -3.08%
- 6M
- 6.04%
- 1Y
- 21.24%
- 3Y*
- 27.79%
- 5Y*
- 19.06%
- 10Y*
- 12.06%
FCIT.L
- 1D
- 3.31%
- 1M
- -2.62%
- YTD
- -0.58%
- 6M
- 2.75%
- 1Y
- 11.04%
- 3Y*
- 12.85%
- 5Y*
- 10.33%
- 10Y*
- 11.88%
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Return for Risk
FNCL.L vs. FCIT.L — Risk / Return Rank
FNCL.L
FCIT.L
FNCL.L vs. FCIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) and F&C Investment Trust plc (FCIT.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.
| FNCL.L | FCIT.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.66 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.00 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.27 | +0.43 |
Martin ratioReturn relative to average drawdown | 5.62 | 5.03 | +0.59 |
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
| FNCL.L | FCIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.66 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.62 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.41 | +0.02 |
Correlation
The correlation between FNCL.L and FCIT.L is 0.62, 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
FNCL.L vs. FCIT.L - Dividend Comparison
FNCL.L has not paid dividends to shareholders, while FCIT.L's dividend yield for the trailing twelve months is around 1.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCL.L SPDR® MSCI Europe Financials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
FNCL.L vs. FCIT.L - Drawdown Comparison
The maximum FNCL.L drawdown since its inception was -45.18%, smaller than the maximum FCIT.L drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for FNCL.L and FCIT.L.
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Drawdown Indicators
| FNCL.L | FCIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.18% | -68.22% | +23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -10.43% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | -19.70% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -39.19% | -5.99% |
Current DrawdownCurrent decline from peak | -6.66% | -4.11% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -10.39% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.23% | +1.46% |
Volatility
FNCL.L vs. FCIT.L - Volatility Comparison
SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) has a higher volatility of 7.75% compared to F&C Investment Trust plc (FCIT.L) at 6.14%. This indicates that FNCL.L's price experiences larger fluctuations and is considered to be riskier than FCIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCL.L | FCIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 6.14% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 10.05% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 16.63% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 16.63% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 18.46% | +2.57% |