FSMP.L vs. FGQD.L

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) and Fidelity Global Quality Income ETF (FGQD.L).

FSMP.L and FGQD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSMP.L is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Gbl Agg Corp TR Hdg GBP. It was launched on Mar 23, 2021. FGQD.L is a passively managed fund by Fidelity that tracks the performance of the Fidelity Global Quality Income index. It was launched on Mar 27, 2017. Both FSMP.L and FGQD.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

FSMP.L vs. FGQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) and Fidelity Global Quality Income ETF (FGQD.L). The values are adjusted to include any dividend payments, if applicable.

FSMP.L vs. FGQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)	-0.72%	6.37%	2.95%	8.01%	-15.03%	3.48%
FGQD.L Fidelity Global Quality Income ETF	1.77%	11.78%	13.21%	11.51%	-0.25%	16.45%

Different Trading Currencies

FSMP.L is traded in GBP, while FGQD.L is traded in GBp. To make them comparable, the FGQD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FSMP.L achieves a -0.72% return, which is significantly lower than FGQD.L's 1.77% return.

FSMP.L

• 1D: 0.58%
• 1M: -1.14%
• YTD: -0.72%
• 6M: 0.01%
• 1Y: 3.59%
• 3Y*: 4.65%
• 5Y*: 0.54%
• 10Y*: —

FGQD.L

• 1D: 1.53%
• 1M: -4.09%
• YTD: 1.77%
• 6M: 5.42%
• 1Y: 18.14%
• 3Y*: 12.29%
• 5Y*: 10.75%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSMP.L vs. FGQD.L - Expense Ratio Comparison

FSMP.L has a 0.30% expense ratio, which is lower than FGQD.L's 0.40% expense ratio.

FGQD.L

Fidelity Global Quality Income ETF

FSMP.L

Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)

Return for Risk

FSMP.L vs. FGQD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSMP.L

FSMP.L Risk / Return Rank: 39
FSMP.L Sharpe Ratio Rank: 38
FSMP.L Sortino Ratio Rank: 35
FSMP.L Omega Ratio Rank: 35
FSMP.L Calmar Ratio Rank: 42
FSMP.L Martin Ratio Rank: 46

FGQD.L

FGQD.L Risk / Return Rank: 77
FGQD.L Sharpe Ratio Rank: 74
FGQD.L Sortino Ratio Rank: 71
FGQD.L Omega Ratio Rank: 75
FGQD.L Calmar Ratio Rank: 83
FGQD.L Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSMP.L vs. FGQD.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 ACC-GBP (hedged) (FSMP.L) and Fidelity Global Quality Income ETF (FGQD.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.

	FSMP.L	FGQD.L	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.38	-0.61
Sortino ratio Return per unit of downside risk	1.08	1.84	-0.76
Omega ratio Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio Return relative to maximum drawdown	1.29	2.52	-1.23
Martin ratio Return relative to average drawdown	5.09	9.89	-4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSMP.L vs. FGQD.L - Sharpe Ratio Comparison

The current FSMP.L Sharpe Ratio is 0.77, which is lower than the FGQD.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FSMP.L and FGQD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSMP.L	FGQD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.38	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.88	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.80	-0.69

Correlation

The correlation between FSMP.L and FGQD.L is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FSMP.L vs. FGQD.L - Dividend Comparison

FSMP.L has not paid dividends to shareholders, while FGQD.L's dividend yield for the trailing twelve months is around 1.81%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FGQD.L Fidelity Global Quality Income ETF	1.81%	1.87%	2.31%	2.78%	2.69%	2.46%	2.60%	2.44%	2.70%	1.56%

Drawdowns

FSMP.L vs. FGQD.L - Drawdown Comparison

The maximum FSMP.L drawdown since its inception was -20.12%, smaller than the maximum FGQD.L drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for FSMP.L and FGQD.L.

Drawdown Indicators

	FSMP.L	FGQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.12%	-26.43%	+6.31%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-10.57%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.12%	-16.90%	-3.22%
Current Drawdown Current decline from peak	-1.74%	-4.12%	+2.38%
Average Drawdown Average peak-to-trough decline	-7.89%	-2.94%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.77%	-0.96%

Volatility

FSMP.L vs. FGQD.L - Volatility Comparison

The current volatility for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) is 1.72%, while Fidelity Global Quality Income ETF (FGQD.L) has a volatility of 3.39%. This indicates that FSMP.L experiences smaller price fluctuations and is considered to be less risky than FGQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSMP.L	FGQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	3.39%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	7.05%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	4.75%	13.16%	-8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	12.16%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.93%	14.72%	-8.79%