FGQD.L vs. ZPRV.DE
FGQD.L (Fidelity Global Quality Income ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 5 years, FGQD.L returned 11.84%/yr vs 11.29%/yr for ZPRV.DE. A 0.72 correlation means they provide meaningful diversification when combined. FGQD.L charges 0.40%/yr vs 0.30%/yr for ZPRV.DE.
Performance
FGQD.L vs. ZPRV.DE - Performance Comparison
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Different Trading Currencies
FGQD.L is traded in GBp, while ZPRV.DE is traded in EUR. To make them comparable, the ZPRV.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 lower than ZPRV.DE's 16.83% 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*
- —
ZPRV.DE
- 1D
- 0.04%
- 1M
- 6.00%
- YTD
- 16.83%
- 6M
- 15.48%
- 1Y
- 40.03%
- 3Y*
- 17.34%
- 5Y*
- 11.29%
- 10Y*
- 13.18%
FGQD.L vs. ZPRV.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% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 16.83% | 8.35% | 9.10% | 16.73% | -0.22% | 37.76% | 3.67% | 20.78% | -10.52% | 3.93% |
Correlation
The correlation between FGQD.L and ZPRV.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.72 |
The correlation between FGQD.L and ZPRV.DE shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FGQD.L vs. ZPRV.DE — Risk / Return Rank
FGQD.L
ZPRV.DE
FGQD.L vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income ETF (FGQD.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.47 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 6.10 | -2.31 |
| Martin ratioReturn relative to average drawdown | 17.00 | 19.94 | -2.93 |
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Drawdowns
FGQD.L vs. ZPRV.DE - Drawdown Comparison
The maximum FGQD.L drawdown since its inception was -26.43%, smaller than the maximum ZPRV.DE drawdown of -43.48%. Use the drawdown chart below to compare losses from any high point for FGQD.L and ZPRV.DE.
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Drawdown Indicators
| FGQD.L | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.43% | -43.48% | +17.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.53% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -29.61% | +12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -29.61% | +12.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -8.72% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.00% | -0.39% |
Volatility
FGQD.L vs. ZPRV.DE - Volatility Comparison
Fidelity Global Quality Income ETF (FGQD.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) have volatilities of 3.04% and 2.94%, 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.
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Volatility by Period
| FGQD.L | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.94% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 9.55% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.81% | 15.14% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 19.84% | -7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 22.26% | -6.80% |
FGQD.L vs. ZPRV.DE - Expense Ratio Comparison
FGQD.L has a 0.40% expense ratio, which is higher than ZPRV.DE's 0.30% expense ratio.
Dividends
FGQD.L vs. ZPRV.DE - Dividend Comparison
FGQD.L's dividend yield for the trailing twelve months is around 1.80%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGQD.L Fidelity Global Quality Income ETF | 1.80% | 1.86% | 2.31% | 2.78% | 2.70% | 2.46% | 2.60% | 2.44% | 2.70% | 1.10% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGQD.L and ZPRV.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRV.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for FGQD.L.
FGQD.L is categorized as Global Equities, while ZPRV.DE is Small Cap Value Equities. FGQD.L tracks Fidelity Global Quality Income index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.40% for FGQD.L and 0.30% for ZPRV.DE.
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