FGQD.L vs. UBUS.DE

Last updated Jun 16, 2026

FGQD.L (Fidelity Global Quality Income ETF) and UBUS.DE (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both exchange-traded funds - FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index, while UBUS.DE is a Large Cap Value Equities fund tracking the MSCI USA Prime Value. Both are passively managed. Over the past 5 years, FGQD.L returned 11.84%/yr vs 9.70%/yr for UBUS.DE. A 0.64 correlation means they provide meaningful diversification when combined. FGQD.L charges 0.40%/yr vs 0.25%/yr for UBUS.DE.

Performance

FGQD.L vs. UBUS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Global Quality Income ETF (FGQD.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UBUS.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FGQD.L achieves a 10.74% return, which is significantly higher than UBUS.DE's 8.36% return.

FGQD.L

• 1D: 0.92%
• 1M: 2.70%
• YTD: 10.74%
• 6M: 10.84%
• 1Y: 27.46%
• 3Y*: 15.11%
• 5Y*: 11.84%
• 10Y*: —

UBUS.DE

• 1D: 1.04%
• 1M: 3.21%
• YTD: 8.36%
• 6M: 7.79%
• 1Y: 21.88%
• 3Y*: 10.97%
• 5Y*: 9.70%
• 10Y*: 12.79%

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

FGQD.L vs. UBUS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGQD.L Fidelity Global Quality Income ETF	10.74%	12.15%	13.21%	11.51%	-0.25%	23.78%	6.42%	23.83%	-2.25%	-14.04%
UBUS.DE UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	8.36%	5.62%	9.00%	10.14%	2.42%	31.56%	1.62%	26.62%	-2.90%	8.41%

Correlation

The correlation between FGQD.L and UBUS.DE is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.64

The correlation between FGQD.L and UBUS.DE shifts across timeframes, from 0.64 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FGQD.L vs. UBUS.DE — 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: 88
FGQD.L Sharpe Ratio Rank: 91
FGQD.L Sortino Ratio Rank: 91
FGQD.L Omega Ratio Rank: 90
FGQD.L Calmar Ratio Rank: 79
FGQD.L Martin Ratio Rank: 87

UBUS.DE

UBUS.DE Risk / Return Rank: 56
UBUS.DE Sharpe Ratio Rank: 52
UBUS.DE Sortino Ratio Rank: 53
UBUS.DE Omega Ratio Rank: 48
UBUS.DE Calmar Ratio Rank: 68
UBUS.DE Martin Ratio Rank: 61

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. UBUS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income ETF (FGQD.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UBUS.DE). 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	UBUS.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.79	1.92	+0.87
Sortino ratio: Return per unit of downside risk	3.92	2.75	+1.17
Omega ratio: Gain probability vs. loss probability	1.52	1.33	+0.19
Calmar ratio: Return relative to maximum drawdown	3.79	3.21	+0.58
Martin ratio: Return relative to average drawdown	17.00	10.46	+6.55

FGQD.L vs. UBUS.DE - Sharpe Ratio Comparison

The current FGQD.L Sharpe Ratio is 2.79, which is higher than the UBUS.DE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FGQD.L and UBUS.DE, 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. UBUS.DE - Drawdown Comparison

The maximum FGQD.L drawdown since its inception was -26.43%, roughly equal to the maximum UBUS.DE drawdown of -25.53%. Use the drawdown chart below to compare losses from any high point for FGQD.L and UBUS.DE.

Drawdown Indicators

	FGQD.L	UBUS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.43%	-25.53%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-6.78%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-20.09%	+3.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-20.09%	+3.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.53%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.63%	-4.07%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.09%	-0.48%

Volatility

FGQD.L vs. UBUS.DE - Volatility Comparison

Fidelity Global Quality Income ETF (FGQD.L) has a higher volatility of 3.04% compared to UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UBUS.DE) at 2.78%. This indicates that FGQD.L's price experiences larger fluctuations and is considered to be riskier than UBUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGQD.L	UBUS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.78%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	8.04%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	11.35%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	14.43%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	16.10%	-0.64%

FGQD.L vs. UBUS.DE - Expense Ratio Comparison

FGQD.L has a 0.40% expense ratio, which is higher than UBUS.DE's 0.25% expense ratio.

Dividends

FGQD.L vs. UBUS.DE - Dividend Comparison

FGQD.L's dividend yield for the trailing twelve months is around 1.80%, more than UBUS.DE's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
UBUS.DE UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	1.13%	1.24%	0.67%	1.52%	1.62%	1.56%	1.89%	1.30%	1.93%	1.60%	1.41%

Frequently Asked Questions

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

FGQD.L and UBUS.DE have a correlation of 0.68, 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 UBUS.DE?

On fees, UBUS.DE 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, FGQD.L or UBUS.DE?

UBUS.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for FGQD.L.

What is the main difference between FGQD.L and UBUS.DE?

FGQD.L is categorized as Global Equities, while UBUS.DE is Large Cap Value Equities. FGQD.L tracks Fidelity Global Quality Income index, while UBUS.DE tracks MSCI USA Prime Value. They also come from different issuers: Fidelity and UBS. Their fees differ too: 0.40% for FGQD.L and 0.25% for UBUS.DE.