Fund Research

Fund Analysis

In-depth analysis and research notes on mutual funds, ETFs, and investment trusts.

Fidelity Funds — Modern Portfolio Theory

Expected annualised return vs. risk (std dev). Colour = Sharpe ratio (green = higher, red = lower). Dashed line = Capital Market Line from risk-free rate (4.5%).

Fund	Return (ann.)	Risk (std dev)	Sharpe Ratio
Japan Value Fund	32.64%	19.21%	1.46
Japan Equity ESG Fund	20.01%	18.91%	0.82
Global Dividend Fund	13.34%	12.44%	0.71
Global Technology Fund	18.84%	20.22%	0.71
European Dividend Fund	11.93%	11.87%	0.63
Global Dividend Plus Fund	11.54%	12.87%	0.55
First All Country World Fund	12.20%	15.65%	0.49
Europe Equity ESG Fund	11.33%	14.21%	0.48
Asia Pacific Dividend Fund	10.43%	13.83%	0.43
World Fund	11.04%	15.79%	0.41
Global Focus Fund	9.64%	16.12%	0.32
Pacific Fund	9.95%	17.32%	0.31
Global Thematic Opportunities Fund	8.65%	16.01%	0.26
Global Short Duration Income Fund	4.97%	2.08%	0.23
Future Connectivity Fund	8.91%	19.68%	0.22
Global Multi Asset Dynamic Fund	7.13%	11.98%	0.22
America Fund	6.42%	14.08%	0.14
Global Consumer Brands Fund	7.02%	18.82%	0.13
ASEAN Fund	5.77%	12.09%	0.11
UK Special Situations Fund	4.89%	14.63%	0.03
American Growth Fund	4.25%	14.43%	-0.02
Asia Pacific Opportunities Fund	3.23%	17.12%	-0.07
Global Income Fund	3.97%	3.85%	-0.14
Global Healthcare Fund	0.52%	14.37%	-0.28
Asia Pacific Strategic Income Fund	1.86%	5.19%	-0.51
Emerging Market Corporate Debt Fund	2.10%	4.21%	-0.57
Asian Bond Fund	1.18%	5.39%	-0.62
US Dollar Cash Fund	4.18%	0.51%	-0.63
Euro Cash Fund	2.46%	0.29%	-7.03

Fund Analysis

Fidelity Funds — Modern Portfolio Theory

All Funds 29

Fidelity Funds - Euro Cash Fund A-Euro

Fidelity Funds - US Dollar Cash Fund A-ACC-USD

Fidelity Funds - UK Special Situations Fund A-GBP

Fidelity Funds - America Fund A-ACC-USD

Fidelity Funds - American Growth Fund A-USD

Fidelity Funds - ASEAN Fund A-ACC-HKD

Fidelity Funds - Asia Pacific Dividend Fund A-MCDIST(G)-HKD

Fidelity Funds - Asia Pacific Opportunities Fund A-ACC-USD

Fidelity Funds - Asia Pacific Strategic Income Fund A-ACC-USD

Fidelity Funds - Asian Bond Fund A-ACC-USD

Fidelity Funds - Emerging Market Corporate Debt Fund A-ACC-USD

Fidelity Funds - Europe Equity ESG Fund A-ACC-Euro

Fidelity Funds - European Dividend Fund A-ACC-Euro

Fidelity Funds - FIRST All Country World Fund A-USD

Fidelity Funds - Future Connectivity Fund A-ACC-USD

Fidelity Funds - Global Consumer Brands Fund A-ACC-USD

Fidelity Funds - Global Dividend Fund A-ACC-USD

Fidelity Funds - Global Dividend Plus Fund A-USD

Fidelity Funds - Global Focus Fund A-USD

Fidelity Funds - Global Healthcare Fund A-ACC-USD

Fidelity Funds - Global Income Fund A-ACC-USD

Fidelity Funds - Global Multi Asset Dynamic Fund A-ACC-HKD

Fidelity Funds - Global Short Duration Income Fund A-ACC-USD

Fidelity Funds - Global Thematic Opportunities Fund A-USD

Fidelity Funds - Japan Equity ESG Fund A-JPY

Fidelity Funds - Japan Value Fund A-ACC-JPY

Fidelity Funds - Pacific Fund A-USD

Fidelity Funds - World Fund A-ACC-USD

Fidelity Funds - Global Technology Fund A-ACC-USD