FGQD.L vs. FGQI.L

Last updated Jul 18, 2026

FGQD.L (Fidelity Global Quality Income ETF) and FGQI.L (Fidelity Global Quality Income UCITS ETF (Inc) USD) are both exchange-traded funds - FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index, while FGQI.L is a Global Equity Income fund tracking the Fidelity Global Quality Income Index. Both are passively managed. Over the past 5 years, FGQD.L returned 11.48%/yr vs 11.47%/yr for FGQI.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

FGQD.L vs. FGQI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Global Quality Income ETF (FGQD.L) and Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FGQD.L having a 11.03% return and FGQI.L slightly lower at 11.00%.

FGQD.L

• 1D: -0.67%
• 1M: -0.02%
• 6M: 7.73%
• YTD: 11.03%
• 1Y: 22.42%
• 3Y*: 15.06%
• 5Y*: 11.48%
• 10Y*: —

FGQI.L

• 1D: -0.61%
• 1M: -0.80%
• 6M: 7.14%
• YTD: 11.00%
• 1Y: 22.63%
• 3Y*: 14.99%
• 5Y*: 11.47%
• 10Y*: —

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

FGQD.L vs. FGQI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGQD.L Fidelity Global Quality Income ETF	11.03%	12.15%	13.21%	11.51%	-0.25%	23.78%	6.42%	23.83%	-2.25%	-14.04%
FGQI.L Fidelity Global Quality Income UCITS ETF (Inc) USD	11.00%	11.53%	13.74%	12.09%	-0.17%	23.38%	6.91%	22.91%	-2.11%	8.64%

Correlation

The correlation between FGQD.L and FGQI.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.87

The correlation between FGQD.L and FGQI.L shifts across timeframes, from 0.74 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

FGQD.L vs. FGQI.L - Sectors Allocation Comparison

Sectors	FGQD.L	FGQI.L
Technology	29.2%	28.2%
Financial Services	17.0%	17.0%
Industrials	11.9%	12.5%
Healthcare	9.4%	9.3%
Consumer Cyclical	8.8%	8.8%
Communication Services	7.8%	7.7%
Consumer Defensive	5.0%	5.0%
Energy	3.6%	2.8%
Basic Materials	2.9%	3.0%
Utilities	2.5%	2.5%
Real Estate	1.9%	1.9%

Return for Risk

FGQD.L vs. FGQI.L — Risk / Return Rank

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

FGQD.L

FGQD.L Risk / Return Rank: 84
FGQD.L Sharpe Ratio Rank: 87
FGQD.L Sortino Ratio Rank: 87
FGQD.L Omega Ratio Rank: 86
FGQD.L Calmar Ratio Rank: 76
FGQD.L Martin Ratio Rank: 86

FGQI.L

FGQI.L Risk / Return Rank: 78
FGQI.L Sharpe Ratio Rank: 77
FGQI.L Sortino Ratio Rank: 82
FGQI.L Omega Ratio Rank: 76
FGQI.L Calmar Ratio Rank: 74
FGQI.L Martin Ratio Rank: 81

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.

FGQD.L vs. FGQI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income ETF (FGQD.L) and Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.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.

	FGQD.L	FGQI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.87	+0.39
Sortino ratio: Return per unit of downside risk	3.18	2.67	+0.51
Omega ratio: Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio: Return relative to maximum drawdown	3.09	3.50	-0.41
Martin ratio: Return relative to average drawdown	13.82	13.10	+0.71

FGQD.L vs. FGQI.L - Sharpe Ratio Comparison

The current FGQD.L Sharpe Ratio is 2.26, which is comparable to the FGQI.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FGQD.L and FGQI.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

FGQD.L vs. FGQI.L - Drawdown Comparison

The maximum FGQD.L drawdown since its inception was -26.43%, roughly equal to the maximum FGQI.L drawdown of -27.04%. Use the drawdown chart below to compare losses from any high point for FGQD.L and FGQI.L.

Drawdown Indicators

	FGQD.L	FGQI.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.43%	-27.04%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-6.43%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-17.44%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-17.44%	+0.54%
Current Drawdown Current decline from peak	-1.15%	-0.80%	-0.35%
Average Drawdown Average peak-to-trough decline	-5.58%	-2.96%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.72%	-0.10%

Volatility

FGQD.L vs. FGQI.L - Volatility Comparison

Fidelity Global Quality Income ETF (FGQD.L) and Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.L) have volatilities of 2.87% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGQD.L	FGQI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.98%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	9.31%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	9.95%	12.06%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.23%	14.00%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	15.18%	+0.23%

FGQD.L vs. FGQI.L - Expense Ratio Comparison

Both FGQD.L and FGQI.L have an expense ratio of 0.40%.

Dividends

FGQD.L vs. FGQI.L - Dividend Comparison

FGQD.L's dividend yield for the trailing twelve months is around 1.80%, more than FGQI.L's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGQD.L Fidelity Global Quality Income ETF	1.80%	1.86%	2.31%	2.78%	2.70%	2.46%	2.60%	2.44%	2.70%	1.10%
FGQI.L Fidelity Global Quality Income UCITS ETF (Inc) USD	1.78%	1.81%	2.32%	2.71%	2.77%	2.52%	2.45%	2.34%	2.78%	1.50%

Frequently Asked Questions

Can I hold both FGQD.L and FGQI.L in my portfolio?

FGQD.L and FGQI.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGQD.L or FGQI.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGQD.L or FGQI.L?

FGQD.L and FGQI.L have the same expense ratio: 0.40% per year.

What is the main difference between FGQD.L and FGQI.L?

FGQD.L is categorized as Global Equities, while FGQI.L is Global Equity Income. FGQD.L tracks Fidelity Global Quality Income index, while FGQI.L tracks Fidelity Global Quality Income Index.