FGQD.L vs. FUSS.L

Last updated Jun 5, 2026

FGQD.L (Fidelity Global Quality Income ETF) and FUSS.L (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) are both exchange-traded funds - FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index, while FUSS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FGQD.L returned 11.86%/yr vs 14.92%/yr for FUSS.L. Their correlation of 0.87 suggests significant overlap in exposure. FGQD.L charges 0.40%/yr vs 0.30%/yr for FUSS.L.

Performance

FGQD.L vs. FUSS.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 Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FGQD.L is traded in GBp, while FUSS.L is traded in GBP. To make them comparable, the FUSS.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 10.28% return and FUSS.L slightly lower at 10.18%.

FGQD.L

• 1D: 0.18%
• 1M: 4.38%
• YTD: 10.28%
• 6M: 10.17%
• 1Y: 26.89%
• 3Y*: 14.75%
• 5Y*: 11.86%
• 10Y*: —

FUSS.L

• 1D: 0.21%
• 1M: 4.74%
• YTD: 10.18%
• 6M: 9.82%
• 1Y: 29.98%
• 3Y*: 19.64%
• 5Y*: 14.92%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FGQD.L Fidelity Global Quality Income ETF	10.28%	11.78%	13.21%	11.51%	-0.25%	23.78%	9.14%
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc	10.18%	9.84%	28.34%	22.30%	-11.83%	28.45%	13.81%

Correlation

The correlation between FGQD.L and FUSS.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.87

Over the past year, the correlation between FGQD.L and FUSS.L has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

FGQD.L vs. FUSS.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: 86
FGQD.L Sharpe Ratio Rank: 89
FGQD.L Sortino Ratio Rank: 89
FGQD.L Omega Ratio Rank: 90
FGQD.L Calmar Ratio Rank: 77
FGQD.L Martin Ratio Rank: 83

FUSS.L

FUSS.L Risk / Return Rank: 77
FUSS.L Sharpe Ratio Rank: 81
FUSS.L Sortino Ratio Rank: 80
FUSS.L Omega Ratio Rank: 79
FUSS.L Calmar Ratio Rank: 73
FUSS.L Martin Ratio Rank: 70

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. FUSS.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 Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.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.

	FGQD.L	FUSS.L	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.60	+0.42
Sortino ratio: Return per unit of downside risk	4.09	3.50	+0.59
Omega ratio: Gain probability vs. loss probability	1.58	1.46	+0.12
Calmar ratio: Return relative to maximum drawdown	3.86	3.62	+0.24
Martin ratio: Return relative to average drawdown	16.82	12.87	+3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FGQD.L Sharpe Ratio is 3.01, which is comparable to the FUSS.L Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of FGQD.L and FUSS.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

	FGQD.L	FUSS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	2.60	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.01	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.06	-0.19

Drawdowns

FGQD.L vs. FUSS.L - Drawdown Comparison

The maximum FGQD.L drawdown since its inception was -26.43%, which is greater than FUSS.L's maximum drawdown of -22.18%. Use the drawdown chart below to compare losses from any high point for FGQD.L and FUSS.L.

Drawdown Indicators

	FGQD.L	FUSS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.43%	-22.18%	-4.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-8.24%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-22.18%	+5.28%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-22.18%	+5.28%
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.90%	-3.62%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.32%	-0.73%

Volatility

FGQD.L vs. FUSS.L - Volatility Comparison

The current volatility for Fidelity Global Quality Income ETF (FGQD.L) is 1.88%, while Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) has a volatility of 2.62%. This indicates that FGQD.L experiences smaller price fluctuations and is considered to be less risky than FUSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGQD.L	FUSS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	2.62%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	6.37%	7.70%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	11.50%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	14.83%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	15.17%	-0.56%

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

FGQD.L has a 0.40% expense ratio, which is higher than FUSS.L's 0.30% expense ratio.

Dividends

FGQD.L vs. FUSS.L - Dividend Comparison

FGQD.L's dividend yield for the trailing twelve months is around 1.81%, while FUSS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGQD.L Fidelity Global Quality Income ETF	1.81%	1.87%	2.31%	2.78%	2.69%	2.46%	2.60%	2.44%	2.70%	1.56%
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

FGQD.L and FUSS.L have a correlation of 0.62, 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 FUSS.L?

On fees, FUSS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

FUSS.L is cheaper with a 0.30% expense ratio, compared with 0.40% for FGQD.L.

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

FGQD.L is categorized as Global Equities, while FUSS.L is Large Cap Blend Equities. FGQD.L tracks Fidelity Global Quality Income index, while FUSS.L tracks Russell 1000 TR USD. Their fees differ too: 0.40% for FGQD.L and 0.30% for FUSS.L.