FSMG.L vs. FSED.L
Compare and contrast key facts about Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.L) and Fidelity Sustainable USD EM Bond UCITS ETF (FSED.L).
FSMG.L and FSED.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSMG.L is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Gbl Agg Corp TR USD. It was launched on Mar 23, 2021. FSED.L is a passively managed fund by Fidelity that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Mar 25, 2021. Both FSMG.L and FSED.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FSMG.L vs. FSED.L - Performance Comparison
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FSMG.L vs. FSED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 0.93% | 2.65% | 2.78% | 3.90% | -5.75% | 4.11% |
FSED.L Fidelity Sustainable USD EM Bond UCITS ETF | -1.58% | 614.00% | 880.11% | 1,904.36% | -220,916.75% | 112,089.39% |
Returns By Period
In the year-to-date period, FSMG.L achieves a 0.93% return, which is significantly higher than FSED.L's -1.58% return.
FSMG.L
- 1D
- 0.16%
- 1M
- -0.94%
- YTD
- 0.93%
- 6M
- 1.83%
- 1Y
- 3.87%
- 3Y*
- 3.18%
- 5Y*
- 1.55%
- 10Y*
- —
FSED.L
- 1D
- 0.12%
- 1M
- -1.85%
- YTD
- -1.58%
- 6M
- -277.75%
- 1Y
- -462.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FSMG.L vs. FSED.L - Expense Ratio Comparison
FSMG.L has a 0.25% expense ratio, which is lower than FSED.L's 0.45% expense ratio.
Return for Risk
FSMG.L vs. FSED.L — Risk / Return Rank
FSMG.L
FSED.L
FSMG.L vs. FSED.L - 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 (FSMG.L) and Fidelity Sustainable USD EM Bond UCITS ETF (FSED.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.
| FSMG.L | FSED.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | — | — |
Sortino ratioReturn per unit of downside risk | 0.96 | -1.71 | +2.67 |
Omega ratioGain probability vs. loss probability | 1.12 | 0.06 | +1.06 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | -1.68 | +2.62 |
Martin ratioReturn relative to average drawdown | 1.89 | -2.22 | +4.11 |
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
| FSMG.L | FSED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | — | — |
Correlation
The correlation between FSMG.L and FSED.L is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSMG.L vs. FSED.L - Dividend Comparison
FSMG.L's dividend yield for the trailing twelve months is around 5.91%, less than FSED.L's 501.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 5.91% | 4.83% | 5.10% | 4.67% | 2.87% | 1.10% |
FSED.L Fidelity Sustainable USD EM Bond UCITS ETF | 501.05% | 647.10% | 641.46% | 589.31% | 486.33% | 237.40% |
Drawdowns
FSMG.L vs. FSED.L - Drawdown Comparison
The maximum FSMG.L drawdown since its inception was -11.66%, smaller than the maximum FSED.L drawdown of -633.69%. Use the drawdown chart below to compare losses from any high point for FSMG.L and FSED.L.
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Drawdown Indicators
| FSMG.L | FSED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.66% | -633.69% | +622.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -275.01% | +270.89% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -633.69% | +622.03% |
Current DrawdownCurrent decline from peak | -1.77% | -269.31% | +267.54% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -134.64% | +130.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 208.92% | -206.88% |
Volatility
FSMG.L vs. FSED.L - Volatility Comparison
The current volatility for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.L) is 1.82%, while Fidelity Sustainable USD EM Bond UCITS ETF (FSED.L) has a volatility of 2.65%. This indicates that FSMG.L experiences smaller price fluctuations and is considered to be less risky than FSED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMG.L | FSED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.65% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 434.41% | -428.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 2,175.67% | -2,168.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 2,173.09% | -2,165.74% |