FCUEX vs. FSUVX

Last updated Jun 24, 2026

FCUEX (Fiera Capital U.S. Equity Long-Term Quality Fund) and FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) are both Large Cap Blend Equities funds. Over the past 5 years, FCUEX returned 7.73%/yr vs 9.18%/yr for FSUVX. Their correlation of 0.91 suggests significant overlap in exposure. FCUEX charges 1.00%/yr vs 0.11%/yr for FSUVX.

Performance

FCUEX vs. FSUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCUEX achieves a 0.64% return, which is significantly lower than FSUVX's 3.46% return.

FCUEX

• 1D: -1.16%
• 1M: -1.50%
• YTD: 0.64%
• 6M: 0.10%
• 1Y: 8.49%
• 3Y*: 9.47%
• 5Y*: 7.73%
• 10Y*: —

FSUVX

• 1D: -0.59%
• 1M: -2.76%
• YTD: 3.46%
• 6M: 2.97%
• 1Y: 10.40%
• 3Y*: 13.42%
• 5Y*: 9.18%
• 10Y*: 11.18%

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

FCUEX vs. FSUVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund	0.64%	7.63%	10.98%	21.73%	-15.78%	32.94%	23.14%	9.69%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	3.46%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	6.06%

Correlation

The correlation between FCUEX and FSUVX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019	0.91

The correlation between FCUEX and FSUVX shifts across timeframes, from 0.81 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCUEX vs. FSUVX — Risk / Return Rank

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

FCUEX

FCUEX Risk / Return Rank: 11
FCUEX Sharpe Ratio Rank: 11
FCUEX Sortino Ratio Rank: 11
FCUEX Omega Ratio Rank: 10
FCUEX Calmar Ratio Rank: 9
FCUEX Martin Ratio Rank: 11

FSUVX

FSUVX Risk / Return Rank: 26
FSUVX Sharpe Ratio Rank: 27
FSUVX Sortino Ratio Rank: 26
FSUVX Omega Ratio Rank: 24
FSUVX Calmar Ratio Rank: 22
FSUVX Martin Ratio Rank: 31

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.

FCUEX vs. FSUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). 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.

	FCUEX	FSUVX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.36	-0.52
Sortino ratio: Return per unit of downside risk	1.28	1.96	-0.68
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.09
Calmar ratio: Return relative to maximum drawdown	0.86	1.61	-0.74
Martin ratio: Return relative to average drawdown	2.80	6.69	-3.89

FCUEX vs. FSUVX - Sharpe Ratio Comparison

The current FCUEX Sharpe Ratio is 0.85, which is lower than the FSUVX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FCUEX and FSUVX, 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

FCUEX vs. FSUVX - Drawdown Comparison

The maximum FCUEX drawdown since its inception was -33.02%, roughly equal to the maximum FSUVX drawdown of -32.41%. Use the drawdown chart below to compare losses from any high point for FCUEX and FSUVX.

Drawdown Indicators

	FCUEX	FSUVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.02%	-32.41%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-7.28%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.54%	-11.55%	-2.99%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-19.48%	-5.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.41%	—
Current Drawdown Current decline from peak	-3.15%	-2.76%	-0.39%
Average Drawdown Average peak-to-trough decline	-5.33%	-3.27%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.74%	+1.74%

Volatility

FCUEX vs. FSUVX - Volatility Comparison

Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) has a higher volatility of 4.05% compared to Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) at 2.71%. This indicates that FCUEX's price experiences larger fluctuations and is considered to be riskier than FSUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCUEX	FSUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	2.71%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	6.54%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	8.59%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	12.97%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	15.19%	+4.18%

FCUEX vs. FSUVX - Expense Ratio Comparison

FCUEX has a 1.00% expense ratio, which is higher than FSUVX's 0.11% expense ratio.

Dividends

FCUEX vs. FSUVX - Dividend Comparison

FCUEX's dividend yield for the trailing twelve months is around 0.93%, less than FSUVX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund	0.93%	0.94%	1.34%	0.29%	3.47%	0.86%	1.20%	0.26%	0.00%	0.00%	0.00%	0.00%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.30%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%

Frequently Asked Questions

Can I hold both FCUEX and FSUVX in my portfolio?

FCUEX and FSUVX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCUEX or FSUVX?

FCUEX has higher volatility (4.05%) compared to FSUVX (2.71%). In terms of maximum drawdown, FCUEX dropped -33.02% vs FSUVX's -32.41%.

Which has better risk-adjusted returns?

FSUVX currently has the higher Sharpe Ratio (1.36 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.