FQAL vs. VEVE.AS
Compare and contrast key facts about Fidelity Quality Factor ETF (FQAL) and Vanguard FTSE Developed World UCITS ETF (VEVE.AS).
FQAL and VEVE.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FQAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Quality Factor Index. It was launched on Sep 12, 2016. VEVE.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 30, 2014. Both FQAL and VEVE.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FQAL or VEVE.AS.
Key characteristics
| FQAL | VEVE.AS | |
|---|---|---|
| YTD Return | 5.59% | 8.88% |
| 1Y Return | 24.47% | 22.65% |
| 3Y Return (Ann) | 7.64% | 8.09% |
| 5Y Return (Ann) | 12.01% | 9.34% |
| Sharpe Ratio | 2.05 | 2.09 |
| Daily Std Dev | 11.36% | 9.81% |
| Max Drawdown | -33.71% | -33.57% |
| Current Drawdown | -2.92% | -2.05% |
Correlation
The correlation between FQAL and VEVE.AS is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FQAL vs. VEVE.AS - Performance Comparison
In the year-to-date period, FQAL achieves a 5.59% return, which is significantly lower than VEVE.AS's 8.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FQAL vs. VEVE.AS - Expense Ratio Comparison
FQAL has a 0.29% expense ratio, which is higher than VEVE.AS's 0.12% expense ratio.
Risk-Adjusted Performance
FQAL vs. VEVE.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and Vanguard FTSE Developed World UCITS ETF (VEVE.AS). 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.
Dividends
FQAL vs. VEVE.AS - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.22%, while VEVE.AS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.22% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FQAL vs. VEVE.AS - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, roughly equal to the maximum VEVE.AS drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for FQAL and VEVE.AS. For additional features, visit the drawdowns tool.
Volatility
FQAL vs. VEVE.AS - Volatility Comparison
Fidelity Quality Factor ETF (FQAL) has a higher volatility of 4.04% compared to Vanguard FTSE Developed World UCITS ETF (VEVE.AS) at 3.44%. This indicates that FQAL's price experiences larger fluctuations and is considered to be riskier than VEVE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.