CAPS.L vs. FUQA.L

Last updated Jun 25, 2026

CAPS.L (First Trust Capital Strength UCITS ETF Acc) and FUQA.L (Fidelity US Quality Income ETF Acc) are both Large Cap Blend Equities funds - CAPS.L tracks the Russell 1000 TR USD while FUQA.L tracks the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, CAPS.L returned 6.55%/yr vs 12.73%/yr for FUQA.L. A 0.67 correlation means they provide meaningful diversification when combined. CAPS.L charges 0.60%/yr vs 0.25%/yr for FUQA.L.

Performance

CAPS.L vs. FUQA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Capital Strength UCITS ETF Acc (CAPS.L) and Fidelity US Quality Income ETF Acc (FUQA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPS.L achieves a 2.62% return, which is significantly lower than FUQA.L's 9.37% return.

CAPS.L

• 1D: 0.00%
• 1M: 1.04%
• YTD: 2.62%
• 6M: 2.86%
• 1Y: 8.05%
• 3Y*: 7.84%
• 5Y*: 6.55%
• 10Y*: —

FUQA.L

• 1D: 1.00%
• 1M: 1.72%
• YTD: 9.37%
• 6M: 9.76%
• 1Y: 25.62%
• 3Y*: 15.82%
• 5Y*: 12.73%
• 10Y*: —

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

CAPS.L vs. FUQA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CAPS.L First Trust Capital Strength UCITS ETF Acc	2.62%	-0.65%	12.99%	2.23%	0.52%	-6.71%	11.84%
FUQA.L Fidelity US Quality Income ETF Acc	9.37%	8.56%	19.50%	11.85%	-0.00%	27.82%	4.52%

Correlation

The correlation between CAPS.L and FUQA.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.67

The correlation between CAPS.L and FUQA.L shifts across timeframes, from 0.47 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CAPS.L vs. FUQA.L — Risk / Return Rank

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

CAPS.L

CAPS.L Risk / Return Rank: 46
CAPS.L Sharpe Ratio Rank: 9
CAPS.L Sortino Ratio Rank: 100
CAPS.L Omega Ratio Rank: 100
CAPS.L Calmar Ratio Rank: 10
CAPS.L Martin Ratio Rank: 10

FUQA.L

FUQA.L Risk / Return Rank: 89
FUQA.L Sharpe Ratio Rank: 90
FUQA.L Sortino Ratio Rank: 90
FUQA.L Omega Ratio Rank: 90
FUQA.L Calmar Ratio Rank: 86
FUQA.L Martin Ratio Rank: 88

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.

CAPS.L vs. FUQA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.L) and Fidelity US Quality Income ETF Acc (FUQA.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CAPS.L	FUQA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.00	2.68	-2.68
Sortino ratio: Return per unit of downside risk	139.68	3.72	+135.95
Omega ratio: Gain probability vs. loss probability	78.23	1.51	+76.72
Calmar ratio: Return relative to maximum drawdown	0.08	4.24	-4.16
Martin ratio: Return relative to average drawdown	0.32	17.02	-16.70

CAPS.L vs. FUQA.L - Sharpe Ratio Comparison

The current CAPS.L Sharpe Ratio is 0.00, which is lower than the FUQA.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of CAPS.L and FUQA.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.

Drawdowns

CAPS.L vs. FUQA.L - Drawdown Comparison

The maximum CAPS.L drawdown since its inception was -99.07%, which is greater than FUQA.L's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for CAPS.L and FUQA.L.

Drawdown Indicators

	CAPS.L	FUQA.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.07%	-27.34%	-71.73%
Max Drawdown (1Y) Largest decline over 1 year	-99.02%	-6.01%	-93.01%
Max Drawdown (3Y) Largest decline over 3 years	-99.07%	-20.49%	-78.58%
Max Drawdown (5Y) Largest decline over 5 years	-99.07%	-20.49%	-78.58%
Current Drawdown Current decline from peak	-4.00%	0.00%	-4.00%
Average Drawdown Average peak-to-trough decline	-13.00%	-7.08%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.17%	1.50%	+23.67%

Volatility

CAPS.L vs. FUQA.L - Volatility Comparison

First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a higher volatility of 3.04% compared to Fidelity US Quality Income ETF Acc (FUQA.L) at 2.63%. This indicates that CAPS.L's price experiences larger fluctuations and is considered to be riskier than FUQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPS.L	FUQA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.63%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	7.41%	6.73%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	13,922.66%	9.53%	+13,913.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6,238.45%	19.12%	+6,219.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,503.51%	22.41%	+5,481.10%

CAPS.L vs. FUQA.L - Expense Ratio Comparison

CAPS.L has a 0.60% expense ratio, which is higher than FUQA.L's 0.25% expense ratio.

Dividends

CAPS.L vs. FUQA.L - Dividend Comparison

Neither CAPS.L nor FUQA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAPS.L and FUQA.L in my portfolio?

CAPS.L and FUQA.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPS.L or FUQA.L?

On fees, FUQA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAPS.L or FUQA.L?

FUQA.L is cheaper with a 0.25% expense ratio, compared with 0.60% for CAPS.L.

What is the main difference between CAPS.L and FUQA.L?

CAPS.L tracks Russell 1000 TR USD, while FUQA.L tracks Fidelity US Quality Income Index. They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.60% for CAPS.L and 0.25% for FUQA.L.