PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FGQI.L vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FGQI.L vs. DGRO

Last updated Jun 5, 2026

FGQI.L (Fidelity Global Quality Income UCITS ETF (Inc) USD) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - FGQI.L is a Global Equity Income fund tracking the Fidelity Global Quality Income Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, FGQI.L returned 10.69%/yr vs 10.72%/yr for DGRO. A 0.54 correlation means they provide meaningful diversification when combined. FGQI.L charges 0.40%/yr vs 0.08%/yr for DGRO.

Performance

FGQI.L vs. DGRO - Performance Comparison

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

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with FGQI.L having a 9.49% return and DGRO slightly higher at 9.64%.

FGQI.L

1D
0.09%
1M
2.82%
YTD
9.49%
6M
10.07%
1Y
24.94%
3Y*
17.81%
5Y*
10.69%
10Y*
—

DGRO

1D
0.81%
1M
3.27%
YTD
9.64%
6M
9.87%
1Y
23.89%
3Y*
17.46%
5Y*
10.72%
10Y*
13.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FGQI.L vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FGQI.L
Fidelity Global Quality Income UCITS ETF (Inc) USD		9.49%20.05%11.82%18.07%-10.84%22.20%10.14%27.80%-7.55%16.78%
DGRO
iShares Core Dividend Growth ETF		9.64%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%16.43%

Correlation

The correlation between FGQI.L and DGRO is 0.50, 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

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Apr 4, 2017

0.54

The correlation between FGQI.L and DGRO has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.

FGQI.L vs. DGRO - Sectors Allocation Comparison

Sectors
FGQI.L
DGRO

Technology

29.4%
19.4%

Financial Services

16.1%
21.2%

Industrials

12.3%
10.8%

Healthcare

8.7%
16.4%

Consumer Cyclical

8.5%
5.7%

Communication Services

8.3%
0.1%

Consumer Defensive

4.7%
11.5%

Energy

4.0%
5.6%

Basic Materials

3.2%
2.5%

Utilities

2.5%
6.9%

Real Estate

1.9%

-

Technology

FGQI.L
29.4%
DGRO
19.4%

Financial Services

FGQI.L
16.1%
DGRO
21.2%

Industrials

FGQI.L
12.3%
DGRO
10.8%

Healthcare

FGQI.L
8.7%
DGRO
16.4%

Consumer Cyclical

FGQI.L
8.5%
DGRO
5.7%

Communication Services

FGQI.L
8.3%
DGRO
0.1%

Consumer Defensive

FGQI.L
4.7%
DGRO
11.5%

Energy

FGQI.L
4.0%
DGRO
5.6%

Basic Materials

FGQI.L
3.2%
DGRO
2.5%

Utilities

FGQI.L
2.5%
DGRO
6.9%

Real Estate

FGQI.L
1.9%
DGRO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Global Quality Income UCITS ETF (Inc) USD

iShares Core Dividend Growth ETF

Often compared with FGQI.L:
FGQI.L vs. FUSD.LFGQI.L vs. FEMQ.LFGQI.L vs. FUSA.LFGQI.L vs. FGQD.LFGQI.L vs. FUSS.LFGQI.L vs. FEMD.LFGQI.L vs. FSMG.L
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

FGQI.L vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FGQI.L
FGQI.L Risk / Return Rank: 6565
Overall Rank
FGQI.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
FGQI.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
FGQI.L Omega Ratio Rank: 6262
Omega Ratio Rank
FGQI.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
FGQI.L Martin Ratio Rank: 7070
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8383
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
Martin Ratio Rank
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.

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

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

FGQI.LDGRODifference
Sharpe ratioReturn per unit of total volatility
2.05
2.53

-0.48

Sortino ratioReturn per unit of downside risk
3.08
3.68

-0.60

Omega ratioGain probability vs. loss probability

1.37

1.46

-0.09

Calmar ratioReturn relative to maximum drawdown

3.09

3.71

-0.62

Martin ratioReturn relative to average drawdown

12.76

14.33

-1.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGQI.L vs. DGRO - Sharpe Ratio Comparison

The current FGQI.L Sharpe Ratio is 2.05, which is comparable to the DGRO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FGQI.L and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

FGQI.LDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.53

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.78

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.81

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.77

+0.01

Drawdowns

FGQI.L vs. DGRO - Drawdown Comparison

The maximum FGQI.L drawdown since its inception was -35.04%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FGQI.L and DGRO.

Loading charts...

Drawdown Indicators

FGQI.LDGRODifference

Max Drawdown

Largest peak-to-trough decline

-35.04%

-35.10%

+0.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.04%

-6.47%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-15.80%

-14.03%

-1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-22.08%

-19.31%

-2.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-0.09%

0.00%

-0.09%

Average Drawdown

Average peak-to-trough decline

-4.12%

-3.44%

-0.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.67%

+0.28%

Volatility

FGQI.L vs. DGRO - Volatility Comparison

Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.L) has a higher volatility of 3.28% compared to iShares Core Dividend Growth ETF (DGRO) at 2.24%. This indicates that FGQI.L's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FGQI.LDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

2.24%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.16%

6.94%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.18%

9.49%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

13.82%

+1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.77%

16.62%

-0.85%

FGQI.L vs. DGRO - Expense Ratio Comparison

FGQI.L has a 0.40% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

FGQI.L vs. DGRO - Dividend Comparison

FGQI.L's dividend yield for the trailing twelve months is around 1.80%, less than DGRO's 1.94% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.94%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
FGQI.L
Fidelity Global Quality Income UCITS ETF (Inc) USD		1.80%1.81%2.32%2.71%2.77%2.52%2.45%2.34%2.78%1.50%0.00%0.00%

Frequently Asked Questions

FGQI.L and DGRO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.40% for FGQI.L.

FGQI.L is categorized as Global Equity Income, while DGRO is Large Cap Growth Equities. FGQI.L tracks Fidelity Global Quality Income Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.40% for FGQI.L and 0.08% for DGRO.

Portfolio Optimizer

Find the right allocation for FGQI.L and DGRO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer