FGQI.L vs. IUKD.L

Last updated Jun 5, 2026

FGQI.L (Fidelity Global Quality Income UCITS ETF (Inc) USD) and IUKD.L (iShares UK Dividend UCITS ETF) are both exchange-traded funds - FGQI.L is a Global Equity Income fund tracking the Fidelity Global Quality Income Index, while IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. Both are passively managed. Over the past 5 years, FGQI.L returned 10.69%/yr vs 10.71%/yr for IUKD.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

FGQI.L vs. IUKD.L - 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 UK Dividend UCITS ETF (IUKD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FGQI.L is traded in USD, while IUKD.L is traded in GBp. To make them comparable, the IUKD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FGQI.L achieves a 9.49% return, which is significantly higher than IUKD.L's 6.96% return.

FGQI.L

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

IUKD.L

• 1D: 0.54%
• 1M: 1.04%
• YTD: 6.96%
• 6M: 10.57%
• 1Y: 23.49%
• 3Y*: 21.95%
• 5Y*: 10.71%
• 10Y*: 6.25%

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

FGQI.L vs. IUKD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IUKD.L iShares UK Dividend UCITS ETF	6.96%	42.09%	10.40%	11.39%	-11.98%	22.31%	-15.41%	23.62%	-18.97%	10.83%

Correlation

The correlation between FGQI.L and IUKD.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.65

The correlation between FGQI.L and IUKD.L has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

FGQI.L vs. IUKD.L - Sectors Allocation Comparison

Sectors	FGQI.L	IUKD.L
Technology	29.4%	-
Financial Services	16.1%	41.6%
Industrials	12.3%	-
Healthcare	8.7%	2.5%
Consumer Cyclical	8.5%	4.3%
Communication Services	8.3%	6.1%
Consumer Defensive	4.7%	15.0%
Energy	4.0%	10.0%
Basic Materials	3.2%	4.8%
Utilities	2.5%	7.8%
Real Estate	1.9%	7.8%

Return for Risk

FGQI.L vs. IUKD.L — 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: 65
FGQI.L Sharpe Ratio Rank: 62
FGQI.L Sortino Ratio Rank: 69
FGQI.L Omega Ratio Rank: 62
FGQI.L Calmar Ratio Rank: 64
FGQI.L Martin Ratio Rank: 70

IUKD.L

IUKD.L Risk / Return Rank: 61
IUKD.L Sharpe Ratio Rank: 67
IUKD.L Sortino Ratio Rank: 65
IUKD.L Omega Ratio Rank: 70
IUKD.L Calmar Ratio Rank: 51
IUKD.L Martin Ratio Rank: 53

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. IUKD.L - 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 UK Dividend UCITS ETF (IUKD.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.

	FGQI.L	IUKD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.69	+0.37
Sortino ratio: Return per unit of downside risk	3.08	2.28	+0.80
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.09	2.13	+0.96
Martin ratio: Return relative to average drawdown	12.76	7.25	+5.51
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. IUKD.L - Sharpe Ratio Comparison

The current FGQI.L Sharpe Ratio is 2.05, which is comparable to the IUKD.L Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FGQI.L and IUKD.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

	FGQI.L	IUKD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	1.69	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.60	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.08	+0.70

Drawdowns

FGQI.L vs. IUKD.L - Drawdown Comparison

The maximum FGQI.L drawdown since its inception was -35.04%, smaller than the maximum IUKD.L drawdown of -73.23%. Use the drawdown chart below to compare losses from any high point for FGQI.L and IUKD.L.

Drawdown Indicators

	FGQI.L	IUKD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-73.23%	+38.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-10.99%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-12.78%	-3.02%
Max Drawdown (5Y) Largest decline over 5 years	-22.08%	-34.46%	+12.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.58%	—
Current Drawdown Current decline from peak	-0.09%	-4.15%	+4.06%
Average Drawdown Average peak-to-trough decline	-4.12%	-29.60%	+25.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.23%	-1.28%

Volatility

FGQI.L vs. IUKD.L - Volatility Comparison

The current volatility for Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.L) is 3.28%, while iShares UK Dividend UCITS ETF (IUKD.L) has a volatility of 4.77%. This indicates that FGQI.L experiences smaller price fluctuations and is considered to be less risky than IUKD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGQI.L	IUKD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	4.77%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	11.09%	-1.93%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	13.88%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	17.82%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	21.21%	-5.44%

FGQI.L vs. IUKD.L - Expense Ratio Comparison

Both FGQI.L and IUKD.L have an expense ratio of 0.40%.

Dividends

FGQI.L vs. IUKD.L - Dividend Comparison

FGQI.L's dividend yield for the trailing twelve months is around 1.80%, less than IUKD.L's 4.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IUKD.L iShares UK Dividend UCITS ETF	4.53%	4.85%	5.78%	5.34%	6.39%	5.68%	4.11%	5.70%	6.86%	5.19%	4.87%	5.67%

Frequently Asked Questions

Can I hold both FGQI.L and IUKD.L in my portfolio?

FGQI.L and IUKD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGQI.L or IUKD.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGQI.L or IUKD.L?

FGQI.L and IUKD.L have the same expense ratio: 0.40% per year.

What is the main difference between FGQI.L and IUKD.L?

FGQI.L is categorized as Global Equity Income, while IUKD.L is Dividend. FGQI.L tracks Fidelity Global Quality Income Index, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: Fidelity and iShares.