FGQD.L vs. SMT.L
FGQD.L (Fidelity Global Quality Income ETF) and SMT.L (Scottish Mortgage Investment Trust plc) are both Global Equities funds. FGQD.L is passively managed, while SMT.L is actively managed. Over the past 5 years, FGQD.L returned 11.86%/yr vs 4.67%/yr for SMT.L. A 0.56 correlation means they provide meaningful diversification when combined. FGQD.L charges 0.40%/yr vs 0.31%/yr for SMT.L.
Performance
FGQD.L vs. SMT.L - Performance Comparison
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Returns By Period
In the year-to-date period, FGQD.L achieves a 10.28% return, which is significantly lower than SMT.L's 27.32% return.
FGQD.L
- 1D
- 0.18%
- 1M
- 4.38%
- YTD
- 10.28%
- 6M
- 10.17%
- 1Y
- 26.89%
- 3Y*
- 14.75%
- 5Y*
- 11.86%
- 10Y*
- —
SMT.L
- 1D
- -1.53%
- 1M
- 5.30%
- YTD
- 27.32%
- 6M
- 42.05%
- 1Y
- 51.19%
- 3Y*
- 30.43%
- 5Y*
- 4.67%
- 10Y*
- 19.70%
FGQD.L vs. SMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGQD.L Fidelity Global Quality Income ETF | 10.28% | 11.78% | 13.21% | 11.51% | -0.25% | 23.78% | 6.42% | 23.83% | -2.30% | 7.82% |
SMT.L Scottish Mortgage Investment Trust plc | 27.32% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 22.88% |
Correlation
The correlation between FGQD.L and SMT.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.56 |
The correlation between FGQD.L and SMT.L shifts across timeframes, from 0.42 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FGQD.L vs. SMT.L — Risk / Return Rank
FGQD.L
SMT.L
FGQD.L vs. SMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income ETF (FGQD.L) and Scottish Mortgage Investment Trust plc (SMT.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 | SMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.45 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.16 | -0.29 |
| Martin ratioReturn relative to average drawdown | 16.82 | 14.08 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGQD.L | SMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 2.54 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.16 | +0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.56 | +0.31 |
Drawdowns
FGQD.L vs. SMT.L - Drawdown Comparison
The maximum FGQD.L drawdown since its inception was -26.43%, smaller than the maximum SMT.L drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for FGQD.L and SMT.L.
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Drawdown Indicators
| FGQD.L | SMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.43% | -62.61% | +36.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -12.26% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -28.05% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -60.11% | +43.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.27% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -16.03% | +13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.62% | -2.03% |
Volatility
FGQD.L vs. SMT.L - Volatility Comparison
The current volatility for Fidelity Global Quality Income ETF (FGQD.L) is 1.88%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 4.49%. This indicates that FGQD.L experiences smaller price fluctuations and is considered to be less risky than SMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGQD.L | SMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 4.49% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 16.02% | -9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.89% | 20.11% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 29.68% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 28.76% | -14.15% |
FGQD.L vs. SMT.L - Expense Ratio Comparison
FGQD.L has a 0.40% expense ratio, which is higher than SMT.L's 0.31% expense ratio.
Dividends
FGQD.L vs. SMT.L - Dividend Comparison
FGQD.L's dividend yield for the trailing twelve months is around 1.81%, more than SMT.L's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
FGQD.L and SMT.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.40% for FGQD.L.
They also come from different issuers: Fidelity and Baillie Gifford Funds. Their fees differ too: 0.40% for FGQD.L and 0.31% for SMT.L.
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