KLMG.L vs. FSMP.L
KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) and FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from Amundi and Fidelity respectively. Both are passively managed. Over the past 5 years, KLMG.L returned -1.59%/yr vs 0.41%/yr for FSMP.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
KLMG.L vs. FSMP.L - Performance Comparison
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Returns By Period
In the year-to-date period, KLMG.L achieves a 0.83% return, which is significantly higher than FSMP.L's 0.41% return.
KLMG.L
- 1D
- 0.09%
- 1M
- 0.83%
- YTD
- 0.83%
- 6M
- -1.34%
- 1Y
- 0.36%
- 3Y*
- 3.69%
- 5Y*
- -1.59%
- 10Y*
- —
FSMP.L
- 1D
- 0.17%
- 1M
- 0.83%
- YTD
- 0.41%
- 6M
- 0.66%
- 1Y
- 4.52%
- 3Y*
- 5.19%
- 5Y*
- 0.41%
- 10Y*
- —
KLMG.L vs. FSMP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 0.83% | 1.12% | 3.03% | 8.52% | -18.95% | -0.22% |
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) | 0.41% | 6.37% | 2.95% | 8.01% | -15.03% | 3.48% |
Correlation
The correlation between KLMG.L and FSMP.L is 0.75, 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 | 0.75 |
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 KLMG.L and FSMP.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
KLMG.L vs. FSMP.L — Risk / Return Rank
KLMG.L
FSMP.L
KLMG.L vs. FSMP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.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.
| KLMG.L | FSMP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.21 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.64 | -1.55 |
| Martin ratioReturn relative to average drawdown | 0.20 | 5.28 | -5.08 |
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
| KLMG.L | FSMP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 1.18 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.07 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.14 | -0.46 |
Drawdowns
KLMG.L vs. FSMP.L - Drawdown Comparison
The maximum KLMG.L drawdown since its inception was -24.10%, which is greater than FSMP.L's maximum drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for KLMG.L and FSMP.L.
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Drawdown Indicators
| KLMG.L | FSMP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -20.12% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -2.75% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -4.39% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -20.12% | -2.94% |
Current DrawdownCurrent decline from peak | -11.23% | -0.63% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -7.68% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.85% | +0.95% |
Volatility
KLMG.L vs. FSMP.L - Volatility Comparison
Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a higher volatility of 1.72% compared to Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) at 1.56%. This indicates that KLMG.L's price experiences larger fluctuations and is considered to be riskier than FSMP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLMG.L | FSMP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.56% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 3.03% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 3.83% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 5.91% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 5.91% | -0.33% |
KLMG.L vs. FSMP.L - Expense Ratio Comparison
Both KLMG.L and FSMP.L have an expense ratio of 0.30%.
Dividends
KLMG.L vs. FSMP.L - Dividend Comparison
Neither KLMG.L nor FSMP.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
KLMG.L and FSMP.L have a correlation of 0.75, 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.
KLMG.L and FSMP.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: Amundi and Fidelity.
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