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FGQI.L vs. VDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FGQI.L vs. VDY.TO

Last updated Jun 25, 2026

FGQI.L (Fidelity Global Quality Income UCITS ETF (Inc) USD) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - FGQI.L is a Global Equity Income fund tracking the Fidelity Global Quality Income Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 5 years, FGQI.L returned 10.56%/yr vs 14.60%/yr for VDY.TO. At a 0.47 correlation, their price movements are largely independent. FGQI.L charges 0.40%/yr vs 0.22%/yr for VDY.TO.

Performance

FGQI.L vs. VDY.TO - 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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FGQI.L is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.TO 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 8.73% return, which is significantly lower than VDY.TO's 19.42% return.

FGQI.L

1D
0.71%
1M
0.27%
YTD
8.73%
6M
8.73%
1Y
23.73%
3Y*
17.27%
5Y*
10.56%
10Y*
—

VDY.TO

1D
-1.22%
1M
-0.96%
YTD
19.42%
6M
18.15%
1Y
44.79%
3Y*
25.62%
5Y*
14.60%
10Y*
13.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FGQI.L vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FGQI.L
Fidelity Global Quality Income UCITS ETF (Inc) USD		8.73%20.08%11.79%17.99%-10.78%22.22%10.14%27.77%-7.59%16.89%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		19.44%35.39%11.96%11.05%-6.18%36.67%1.03%26.64%-17.06%13.66%

Correlation

The correlation between FGQI.L and VDY.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

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

0.39

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

0.46

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2017

0.47

The correlation between FGQI.L and VDY.TO shifts across timeframes, from 0.30 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

FGQI.L vs. VDY.TO - Sectors Allocation Comparison

Sectors
FGQI.L
VDY.TO

Technology

30.7%
0.4%

Financial Services

15.9%
56.0%

Industrials

11.7%
0.2%

Healthcare

8.8%
0.1%

Consumer Cyclical

8.6%
3.0%

Communication Services

8.4%
2.8%

Consumer Defensive

4.5%
0.4%

Energy

3.9%
30.8%

Basic Materials

3.0%
2.2%

Utilities

2.5%
4.1%

Real Estate

1.9%

-

Technology

FGQI.L
30.7%
VDY.TO
0.4%

Financial Services

FGQI.L
15.9%
VDY.TO
56.0%

Industrials

FGQI.L
11.7%
VDY.TO
0.2%

Healthcare

FGQI.L
8.8%
VDY.TO
0.1%

Consumer Cyclical

FGQI.L
8.6%
VDY.TO
3.0%

Communication Services

FGQI.L
8.4%
VDY.TO
2.8%

Consumer Defensive

FGQI.L
4.5%
VDY.TO
0.4%

Energy

FGQI.L
3.9%
VDY.TO
30.8%

Basic Materials

FGQI.L
3.0%
VDY.TO
2.2%

Utilities

FGQI.L
2.5%
VDY.TO
4.1%

Real Estate

FGQI.L
1.9%
VDY.TO

-

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

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with FGQI.L:
FGQI.L vs. FUSD.LFGQI.L vs. FEMQ.LFGQI.L vs. FUSA.LFGQI.L vs. FUSS.LFGQI.L vs. LDGG.LFGQI.L vs. FGQD.LFGQI.L vs. FSMG.L
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

FGQI.L vs. VDY.TO — 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: 7171
Overall Rank
FGQI.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
FGQI.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
FGQI.L Omega Ratio Rank: 6767
Omega Ratio Rank
FGQI.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
FGQI.L Martin Ratio Rank: 7474
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
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. VDY.TO - 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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). 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.

FGQI.LVDY.TODifference
Sharpe ratioReturn per unit of total volatility
1.94
4.80

-2.86

Sortino ratioReturn per unit of downside risk
2.93
6.61

-3.68

Omega ratioGain probability vs. loss probability

1.35

1.90

-0.55

Calmar ratioReturn relative to maximum drawdown

2.94

12.52

-9.58

Martin ratioReturn relative to average drawdown

12.10

43.58

-31.48

FGQI.L vs. VDY.TO - Sharpe Ratio Comparison

The current FGQI.L Sharpe Ratio is 1.94, which is lower than the VDY.TO Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of FGQI.L and VDY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FGQI.L vs. VDY.TO - Drawdown Comparison

The maximum FGQI.L drawdown since its inception was -35.05%, smaller than the maximum VDY.TO drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for FGQI.L and VDY.TO.

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Drawdown Indicators

FGQI.LVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.05%

-44.42%

+9.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.04%

-3.59%

-4.45%

Max Drawdown (3Y)

Largest decline over 3 years

-15.79%

-12.92%

-2.87%

Max Drawdown (5Y)

Largest decline over 5 years

-22.11%

-23.69%

+1.58%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.42%

—

Current Drawdown

Current decline from peak

-1.48%

-1.59%

+0.11%

Average Drawdown

Average peak-to-trough decline

-4.10%

-8.77%

+4.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.03%

+0.93%

Volatility

FGQI.L vs. VDY.TO - Volatility Comparison

Fidelity Global Quality Income UCITS ETF (Inc) USD (FGQI.L) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) have volatilities of 3.22% and 3.07%, 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

FGQI.LVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.22%

3.07%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

7.47%

+1.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

9.38%

+2.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.02%

13.42%

+1.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.71%

17.42%

-1.71%

FGQI.L vs. VDY.TO - Expense Ratio Comparison

FGQI.L has a 0.40% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

Dividends

FGQI.L vs. VDY.TO - Dividend Comparison

FGQI.L's dividend yield for the trailing twelve months is around 1.82%, less than VDY.TO's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
FGQI.L
Fidelity Global Quality Income UCITS ETF (Inc) USD		1.82%1.81%2.32%2.71%2.77%2.52%2.45%2.34%2.78%1.50%0.00%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		3.07%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%

Frequently Asked Questions

FGQI.L and VDY.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.40% for FGQI.L.

FGQI.L is categorized as Global Equity Income, while VDY.TO is Dividend. FGQI.L tracks Fidelity Global Quality Income Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.40% for FGQI.L and 0.22% for VDY.TO.

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