FSCM.DE vs. IBCQ.DE
FSCM.DE (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD) and IBCQ.DE (iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)) are both Global Corporate Bonds funds - FSCM.DE tracks the Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor while IBCQ.DE tracks the Bloomberg Global Aggregate Corporate Index (EUR Hedged). Both are passively managed. Over the past 5 years, FSCM.DE returned 0.78%/yr vs -1.50%/yr for IBCQ.DE. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
FSCM.DE vs. IBCQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FSCM.DE achieves a 3.10% return, which is significantly higher than IBCQ.DE's -0.59% return.
FSCM.DE
- 1D
- 0.00%
- 1M
- -0.26%
- 6M
- 2.21%
- YTD
- 3.10%
- 1Y
- 5.64%
- 3Y*
- 4.42%
- 5Y*
- 0.78%
- 10Y*
- —
- ALL TIME*
- -2.11%
IBCQ.DE
- 1D
- -0.32%
- 1M
- -0.59%
- 6M
- -0.83%
- YTD
- -0.59%
- 1Y
- 1.42%
- 3Y*
- 3.17%
- 5Y*
- -1.50%
- 10Y*
- 0.30%
- ALL TIME*
- 1.48%
FSCM.DE vs. IBCQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 3.10% | -2.05% | 6.97% | 6.07% | -10.63% | -12.81% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | -0.59% | 4.51% | 1.64% | 6.18% | -16.03% | 1.64% |
Correlation
The correlation between FSCM.DE and IBCQ.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021 | 0.45 |
The correlation between FSCM.DE and IBCQ.DE shifts across timeframes, from 0.34 (1 year) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSCM.DE vs. IBCQ.DE — Risk / Return Rank
FSCM.DE
IBCQ.DE
FSCM.DE vs. IBCQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE) and iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSCM.DE | IBCQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.43 | +1.77 |
| Martin ratioReturn relative to average drawdown | 5.56 | 1.33 | +4.23 |
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Drawdowns
FSCM.DE vs. IBCQ.DE - Drawdown Comparison
The maximum FSCM.DE drawdown since its inception was -22.52%, roughly equal to the maximum IBCQ.DE drawdown of -21.76%. Use the drawdown chart below to compare losses from any high point for FSCM.DE and IBCQ.DE.
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Drawdown Indicators
| FSCM.DE | IBCQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -21.76% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -3.27% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.72% | -4.75% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.32% | -21.65% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.76% | — |
Current DrawdownCurrent decline from peak | -10.72% | -8.08% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -16.01% | -5.41% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.06% | -0.04% |
Volatility
FSCM.DE vs. IBCQ.DE - Volatility Comparison
Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSCM.DE) has a higher volatility of 1.13% compared to iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) at 0.88%. This indicates that FSCM.DE's price experiences larger fluctuations and is considered to be riskier than IBCQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCM.DE | IBCQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.88% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 4.65% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 5.45% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 6.13% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 5.85% | +3.72% |
FSCM.DE vs. IBCQ.DE - Expense Ratio Comparison
Both FSCM.DE and IBCQ.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FSCM.DE vs. IBCQ.DE - Dividend Comparison
FSCM.DE's dividend yield for the trailing twelve months is around 5.94%, more than IBCQ.DE's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCM.DE Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 5.94% | 4.95% | 5.01% | 4.66% | 2.98% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 4.15% | 3.96% | 3.75% | 3.20% | 2.62% | 2.09% | 2.36% | 2.66% | 3.00% | 2.19% | 2.51% | 2.75% |
Frequently Asked Questions
FSCM.DE and IBCQ.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FSCM.DE and IBCQ.DE have the same expense ratio: 0.25% per year.
FSCM.DE tracks Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor, while IBCQ.DE tracks Bloomberg Global Aggregate Corporate Index (EUR Hedged). They also come from different issuers: Fidelity and iShares.
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