FSMP.L vs. XCO2.L

Last updated Jun 4, 2026

FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) and XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) are both Global Corporate Bonds funds - FSMP.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP while XCO2.L tracks the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past year, FSMP.L returned 4.71% vs 4.45% for XCO2.L. At a 0.35 correlation, their price movements are largely independent. FSMP.L charges 0.30%/yr vs 0.15%/yr for XCO2.L.

Performance

FSMP.L vs. XCO2.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 Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSMP.L achieves a 0.23% return, which is significantly higher than XCO2.L's -0.11% 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*: —

XCO2.L

• 1D: 0.02%
• 1M: 0.86%
• YTD: -0.11%
• 6M: -0.50%
• 1Y: 4.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSMP.L vs. XCO2.L - Yearly Performance Comparison

	2026 (YTD)	2025
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)	0.23%	4.35%
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc	-0.11%	4.08%

Correlation

The correlation between FSMP.L and XCO2.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.35

Return for Risk

FSMP.L vs. XCO2.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: 35
FSMP.L Sharpe Ratio Rank: 35
FSMP.L Sortino Ratio Rank: 35
FSMP.L Omega Ratio Rank: 33
FSMP.L Calmar Ratio Rank: 35
FSMP.L Martin Ratio Rank: 36

XCO2.L

XCO2.L Risk / Return Rank: 26
XCO2.L Sharpe Ratio Rank: 28
XCO2.L Sortino Ratio Rank: 28
XCO2.L Omega Ratio Rank: 26
XCO2.L Calmar Ratio Rank: 25
XCO2.L Martin Ratio Rank: 23

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. XCO2.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 Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.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	XCO2.L	Difference
Sharpe ratio: Return per unit of total volatility	1.22	0.99	+0.23
Sortino ratio: Return per unit of downside risk	1.83	1.48	+0.36
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.04
Calmar ratio: Return relative to maximum drawdown	1.70	1.15	+0.55
Martin ratio: Return relative to average drawdown	5.50	2.78	+2.72
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. XCO2.L - Sharpe Ratio Comparison

The current FSMP.L Sharpe Ratio is 1.22, which is comparable to the XCO2.L Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FSMP.L and XCO2.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSMP.L	XCO2.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.99	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.85	-0.71

Drawdowns

FSMP.L vs. XCO2.L - Drawdown Comparison

The maximum FSMP.L drawdown since its inception was -20.12%, which is greater than XCO2.L's maximum drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for FSMP.L and XCO2.L.

Drawdown Indicators

	FSMP.L	XCO2.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.12%	-3.63%	-16.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.75%	-3.63%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-4.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.12%	—	—
Current Drawdown Current decline from peak	-0.81%	-2.31%	+1.50%
Average Drawdown Average peak-to-trough decline	-7.68%	-1.13%	-6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	1.51%	-0.66%

Volatility

FSMP.L vs. XCO2.L - Volatility Comparison

Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) has a higher volatility of 1.57% compared to Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) at 1.29%. This indicates that FSMP.L's price experiences larger fluctuations and is considered to be riskier than XCO2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSMP.L	XCO2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.29%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	3.04%	3.15%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	4.23%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	4.28%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.91%	4.28%	+1.63%

FSMP.L vs. XCO2.L - Expense Ratio Comparison

FSMP.L has a 0.30% expense ratio, which is higher than XCO2.L's 0.15% expense ratio.

Dividends

FSMP.L vs. XCO2.L - Dividend Comparison

Neither FSMP.L nor XCO2.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FSMP.L and XCO2.L in my portfolio?

FSMP.L and XCO2.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSMP.L or XCO2.L?

On fees, XCO2.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSMP.L or XCO2.L?

XCO2.L is cheaper with a 0.15% expense ratio, compared with 0.30% for FSMP.L.

What is the main difference between FSMP.L and XCO2.L?

FSMP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while XCO2.L tracks Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: Fidelity and Amundi. Their fees differ too: 0.30% for FSMP.L and 0.15% for XCO2.L.