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HFEL.L vs. FCSS.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

HFEL.L vs. FCSS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Henderson Far East Income Ltd (HFEL.L) and Fidelity China Special Situations plc (FCSS.L). The values are adjusted to include any dividend payments, if applicable.

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HFEL.L vs. FCSS.L - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
HFEL.L
Henderson Far East Income Ltd
7.21%16.31%19.07%-13.15%0.88%-2.77%-4.06%12.75%-3.42%16.89%
FCSS.L
Fidelity China Special Situations plc
-6.14%40.12%8.61%-9.30%-21.25%-17.53%68.64%24.10%-18.81%39.79%

Fundamentals

Market Cap

HFEL.L:

£430.77M

FCSS.L:

£1.39B

EPS

HFEL.L:

£0.49

FCSS.L:

£2.47

PE Ratio

HFEL.L:

5.10

FCSS.L:

1.15

PEG Ratio

HFEL.L:

0.08

FCSS.L:

0.00

PS Ratio

HFEL.L:

4.14

FCSS.L:

1.86

PB Ratio

HFEL.L:

1.06

FCSS.L:

0.80

Total Revenue (TTM)

HFEL.L:

£103.96M

FCSS.L:

£747.29M

Gross Profit (TTM)

HFEL.L:

£97.69M

FCSS.L:

£142.40M

EBITDA (TTM)

HFEL.L:

£95.79M

FCSS.L:

£714.49M

Returns By Period

In the year-to-date period, HFEL.L achieves a 7.21% return, which is significantly higher than FCSS.L's -6.14% return. Over the past 10 years, HFEL.L has underperformed FCSS.L with an annualized return of 7.09%, while FCSS.L has yielded a comparatively higher 9.76% annualized return.


HFEL.L

1D
1.01%
1M
-5.65%
YTD
7.21%
6M
9.24%
1Y
28.40%
3Y*
9.88%
5Y*
4.41%
10Y*
7.09%

FCSS.L

1D
1.07%
1M
-9.00%
YTD
-6.14%
6M
-13.59%
1Y
9.85%
3Y*
7.90%
5Y*
-5.68%
10Y*
9.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

HFEL.L vs. FCSS.L — Risk / Return Rank

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

HFEL.L
HFEL.L Risk / Return Rank: 8484
Overall Rank
HFEL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HFEL.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
HFEL.L Omega Ratio Rank: 8484
Omega Ratio Rank
HFEL.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
HFEL.L Martin Ratio Rank: 8787
Martin Ratio Rank

FCSS.L
FCSS.L Risk / Return Rank: 5252
Overall Rank
FCSS.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
FCSS.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
FCSS.L Omega Ratio Rank: 4747
Omega Ratio Rank
FCSS.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
FCSS.L Martin Ratio Rank: 5959
Martin Ratio Rank
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.

HFEL.L vs. FCSS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Henderson Far East Income Ltd (HFEL.L) and Fidelity China Special Situations plc (FCSS.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.


HFEL.LFCSS.LDifference

Sharpe ratio

Return per unit of total volatility

1.65

0.40

+1.25

Sortino ratio

Return per unit of downside risk

2.19

0.67

+1.52

Omega ratio

Gain probability vs. loss probability

1.33

1.10

+0.23

Calmar ratio

Return relative to maximum drawdown

2.78

0.66

+2.11

Martin ratio

Return relative to average drawdown

9.42

1.87

+7.56

HFEL.L vs. FCSS.L - Sharpe Ratio Comparison

The current HFEL.L Sharpe Ratio is 1.65, which is higher than the FCSS.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of HFEL.L and FCSS.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.


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Sharpe Ratios by Period


HFEL.LFCSS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

0.40

+1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

-0.20

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.37

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

Correlation

The correlation between HFEL.L and FCSS.L is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

HFEL.L vs. FCSS.L - Dividend Comparison

HFEL.L's dividend yield for the trailing twelve months is around 9.96%, more than FCSS.L's 3.18% yield.


TTM20252024202320222021202020192018201720162015
HFEL.L
Henderson Far East Income Ltd
9.96%10.40%10.72%11.26%8.71%7.93%7.04%6.13%6.26%5.49%5.83%6.61%
FCSS.L
Fidelity China Special Situations plc
3.18%2.99%2.87%2.96%2.29%1.50%1.11%1.67%1.86%1.06%1.06%0.91%

Drawdowns

HFEL.L vs. FCSS.L - Drawdown Comparison

The maximum HFEL.L drawdown since its inception was -60,394.88%, which is greater than FCSS.L's maximum drawdown of -62.98%. Use the drawdown chart below to compare losses from any high point for HFEL.L and FCSS.L.


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Drawdown Indicators


HFEL.LFCSS.LDifference

Max Drawdown

Largest peak-to-trough decline

-60,394.88%

-62.98%

-60,331.90%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-18.94%

+6.88%

Max Drawdown (5Y)

Largest decline over 5 years

-26.99%

-57.76%

+30.77%

Max Drawdown (10Y)

Largest decline over 10 years

-33.94%

-62.98%

+29.04%

Current Drawdown

Current decline from peak

-55,833.83%

-35.54%

-55,798.29%

Average Drawdown

Average peak-to-trough decline

-13,549.26%

-24.84%

-13,524.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

5.94%

-2.89%

Volatility

HFEL.L vs. FCSS.L - Volatility Comparison

The current volatility for Henderson Far East Income Ltd (HFEL.L) is 5.56%, while Fidelity China Special Situations plc (FCSS.L) has a volatility of 7.35%. This indicates that HFEL.L experiences smaller price fluctuations and is considered to be less risky than FCSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HFEL.LFCSS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

7.35%

-1.79%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

15.94%

-3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

17.15%

24.29%

-7.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

28.06%

-13.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.89%

25.97%

-8.08%

Financials

HFEL.L vs. FCSS.L - Financials Comparison

This section allows you to compare key financial metrics between Henderson Far East Income Ltd and Fidelity China Special Situations plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


-400.00M-200.00M0.00200.00M400.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJuly
42.48M
415.05M
(HFEL.L) Total Revenue
(FCSS.L) Total Revenue
Values in GBp except per share items

HFEL.L vs. FCSS.L - Profitability Comparison

The chart below illustrates the profitability comparison between Henderson Far East Income Ltd and Fidelity China Special Situations plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJuly
95.1%
0
Portfolio components
HFEL.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported a gross profit of 40.41M and revenue of 42.48M. Therefore, the gross margin over that period was 95.1%.

FCSS.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported a gross profit of 0.00 and revenue of 415.05M. Therefore, the gross margin over that period was 0.0%.

HFEL.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported an operating income of 40.25M and revenue of 42.48M, resulting in an operating margin of 94.8%.

FCSS.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported an operating income of 407.32M and revenue of 415.05M, resulting in an operating margin of 98.1%.

HFEL.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Henderson Far East Income Ltd reported a net income of 37.02M and revenue of 42.48M, resulting in a net margin of 87.2%.

FCSS.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fidelity China Special Situations plc reported a net income of 397.63M and revenue of 415.05M, resulting in a net margin of 95.8%.