SCVAX vs. FAS.L

Last updated Jun 9, 2026

SCVAX (Allspring Small Company Value Fund) is Small Cap Value Equities fund managed by Allspring Global Investments, while FAS.L (Fidelity Asian Values) is a stock. Over the past 10 years, SCVAX returned 9.52%/yr vs 9.57%/yr for FAS.L. At a 0.27 correlation, their price movements are largely independent.

Performance

SCVAX vs. FAS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Small Company Value Fund (SCVAX) and Fidelity Asian Values (FAS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SCVAX is traded in USD, while FAS.L is traded in GBp. To make them comparable, the FAS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SCVAX achieves a 15.06% return, which is significantly higher than FAS.L's -6.20% return. Both investments have delivered pretty close results over the past 10 years, with SCVAX having a 9.52% annualized return and FAS.L not far ahead at 9.57%.

SCVAX

• 1D: -1.25%
• 1M: -1.54%
• YTD: 15.06%
• 6M: 15.39%
• 1Y: 24.02%
• 3Y*: 13.16%
• 5Y*: 6.04%
• 10Y*: 9.52%

FAS.L

• 1D: -1.00%
• 1M: -12.11%
• YTD: -6.20%
• 6M: -6.20%
• 1Y: 11.42%
• 3Y*: 7.91%
• 5Y*: 5.21%
• 10Y*: 9.57%

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

SCVAX vs. FAS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCVAX Allspring Small Company Value Fund	15.06%	1.75%	8.22%	15.19%	-12.13%	36.81%	1.99%	22.20%	-14.18%	11.58%
FAS.L Fidelity Asian Values	-6.20%	31.47%	-0.78%	12.82%	-1.37%	12.47%	7.10%	6.31%	-0.08%	25.36%

Correlation

The correlation between SCVAX and FAS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.27

Return for Risk

SCVAX vs. FAS.L — Risk / Return Rank

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

SCVAX

SCVAX Risk / Return Rank: 45
SCVAX Sharpe Ratio Rank: 34
SCVAX Sortino Ratio Rank: 36
SCVAX Omega Ratio Rank: 31
SCVAX Calmar Ratio Rank: 75
SCVAX Martin Ratio Rank: 51

FAS.L

FAS.L Risk / Return Rank: 63
FAS.L Sharpe Ratio Rank: 69
FAS.L Sortino Ratio Rank: 61
FAS.L Omega Ratio Rank: 61
FAS.L Calmar Ratio Rank: 60
FAS.L Martin Ratio Rank: 66

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.

SCVAX vs. FAS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Small Company Value Fund (SCVAX) and Fidelity Asian Values (FAS.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.

	SCVAX	FAS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.53	0.65	+0.88
Sortino ratio: Return per unit of downside risk	2.28	0.98	+1.30
Omega ratio: Gain probability vs. loss probability	1.27	1.13	+0.14
Calmar ratio: Return relative to maximum drawdown	3.17	0.67	+2.49
Martin ratio: Return relative to average drawdown	9.75	2.31	+7.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCVAX vs. FAS.L - Sharpe Ratio Comparison

The current SCVAX Sharpe Ratio is 1.53, which is higher than the FAS.L Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of SCVAX and FAS.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

	SCVAX	FAS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	0.65	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.28	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.46	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.29	+0.16

Drawdowns

SCVAX vs. FAS.L - Drawdown Comparison

The maximum SCVAX drawdown since its inception was -70.30%, roughly equal to the maximum FAS.L drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for SCVAX and FAS.L.

Drawdown Indicators

	SCVAX	FAS.L	Difference
Max Drawdown Largest peak-to-trough decline	-70.30%	-69.03%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.21%	-16.96%	+8.75%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-16.96%	-9.87%
Max Drawdown (5Y) Largest decline over 5 years	-26.83%	-29.06%	+2.23%
Max Drawdown (10Y) Largest decline over 10 years	-46.64%	-49.28%	+2.64%
Current Drawdown Current decline from peak	-2.01%	-16.96%	+14.95%
Average Drawdown Average peak-to-trough decline	-10.60%	-12.26%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	4.94%	-2.28%

Volatility

SCVAX vs. FAS.L - Volatility Comparison

The current volatility for Allspring Small Company Value Fund (SCVAX) is 4.55%, while Fidelity Asian Values (FAS.L) has a volatility of 7.35%. This indicates that SCVAX experiences smaller price fluctuations and is considered to be less risky than FAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCVAX	FAS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	7.35%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	15.00%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	17.49%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	18.90%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	20.78%	+2.45%

Dividends

SCVAX vs. FAS.L - Dividend Comparison

SCVAX's dividend yield for the trailing twelve months is around 5.11%, more than FAS.L's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAS.L Fidelity Asian Values	3.63%	3.44%	2.88%	2.82%	2.83%	1.90%	2.05%	2.15%	1.34%	1.28%	1.30%	0.90%
SCVAX Allspring Small Company Value Fund	5.11%	5.88%	8.23%	0.77%	4.33%	6.02%	0.39%	0.48%	0.71%	0.30%	0.04%	0.13%

Frequently Asked Questions

Can I hold both SCVAX and FAS.L in my portfolio?

SCVAX and FAS.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.