FSMP.L vs. KLMG.L
FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) and KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from Fidelity and Amundi respectively. Both are passively managed. Over the past 5 years, FSMP.L returned 0.38%/yr vs -1.49%/yr for KLMG.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
FSMP.L vs. KLMG.L - Performance Comparison
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Returns By Period
In the year-to-date period, FSMP.L achieves a 0.23% return, which is significantly lower than KLMG.L's 1.18% return.
FSMP.L
- 1D
- -0.36%
- 1M
- 0.44%
- YTD
- 0.23%
- 6M
- 0.43%
- 1Y
- 4.71%
- 3Y*
- 5.11%
- 5Y*
- 0.38%
- 10Y*
- —
KLMG.L
- 1D
- 0.34%
- 1M
- 0.86%
- YTD
- 1.18%
- 6M
- -1.03%
- 1Y
- 0.71%
- 3Y*
- 3.65%
- 5Y*
- -1.49%
- 10Y*
- —
FSMP.L vs. KLMG.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) | 0.23% | 6.37% | 2.95% | 8.01% | -15.03% | 3.48% |
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 1.18% | 1.12% | 3.03% | 8.52% | -18.95% | -0.22% |
Correlation
The correlation between FSMP.L and KLMG.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.77 |
The correlation between FSMP.L and KLMG.L has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
FSMP.L vs. KLMG.L — Risk / Return Rank
FSMP.L
KLMG.L
FSMP.L vs. KLMG.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 Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.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 | KLMG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.21 | +1.49 |
| Martin ratioReturn relative to average drawdown | 5.50 | 0.46 | +5.04 |
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
| FSMP.L | KLMG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.19 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.25 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.30 | +0.44 |
Drawdowns
FSMP.L vs. KLMG.L - Drawdown Comparison
The maximum FSMP.L drawdown since its inception was -20.12%, smaller than the maximum KLMG.L drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for FSMP.L and KLMG.L.
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Drawdown Indicators
| FSMP.L | KLMG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -24.10% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.94% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -3.94% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -23.06% | +2.94% |
Current DrawdownCurrent decline from peak | -0.81% | -10.92% | +10.11% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -12.13% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.79% | -0.94% |
Volatility
FSMP.L vs. KLMG.L - Volatility Comparison
The current volatility for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) is 1.57%, while Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a volatility of 1.69%. This indicates that FSMP.L experiences smaller price fluctuations and is considered to be less risky than KLMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMP.L | KLMG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.69% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.68% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 4.30% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.88% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 5.58% | +0.33% |
FSMP.L vs. KLMG.L - Expense Ratio Comparison
Both FSMP.L and KLMG.L have an expense ratio of 0.30%.
Dividends
FSMP.L vs. KLMG.L - Dividend Comparison
Neither FSMP.L nor KLMG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 0.00% | 0.00% | 2.02% | 1.44% | 1.28% | 1.03% |
Frequently Asked Questions
FSMP.L and KLMG.L have a correlation of 0.74, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FSMP.L and KLMG.L have the same expense ratio: 0.30% per year.
Both ETFs track Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: Fidelity and Amundi.
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