FUQA.L vs. ^GSPC
FUQA.L (Fidelity US Quality Income ETF Acc) is Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, FUQA.L returned 12.73%/yr vs 12.60%/yr for ^GSPC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FUQA.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
FUQA.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FUQA.L achieves a 9.37% return, which is significantly lower than ^GSPC's 9.90% return.
FUQA.L
- 1D
- 1.00%
- 1M
- 1.72%
- YTD
- 9.37%
- 6M
- 9.76%
- 1Y
- 25.62%
- 3Y*
- 15.82%
- 5Y*
- 12.73%
- 10Y*
- —
^GSPC
- 1D
- 0.09%
- 1M
- 0.36%
- YTD
- 9.90%
- 6M
- 8.80%
- 1Y
- 24.71%
- 3Y*
- 17.76%
- 5Y*
- 12.60%
- 10Y*
- 14.13%
FUQA.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUQA.L Fidelity US Quality Income ETF Acc | 9.37% | 8.56% | 19.50% | 11.85% | -0.00% | 27.82% | 8.23% | 27.23% | 1.10% | -13.91% |
^GSPC S&P 500 Index | 9.90% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 5.27% |
Correlation
The correlation between FUQA.L and ^GSPC is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.54 |
The correlation between FUQA.L and ^GSPC has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
FUQA.L vs. ^GSPC — Risk / Return Rank
FUQA.L
^GSPC
FUQA.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Acc (FUQA.L) and S&P 500 Index (^GSPC). 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.
| FUQA.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.38 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 3.09 | +1.15 |
| Martin ratioReturn relative to average drawdown | 17.02 | 11.34 | +5.68 |
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Drawdowns
FUQA.L vs. ^GSPC - Drawdown Comparison
The maximum FUQA.L drawdown since its inception was -27.34%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for FUQA.L and ^GSPC.
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Drawdown Indicators
| FUQA.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -37.07% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -8.03% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.49% | -22.15% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -22.15% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.66% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -5.30% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.18% | -0.68% |
Volatility
FUQA.L vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Acc (FUQA.L) is 2.63%, while S&P 500 Index (^GSPC) has a volatility of 4.35%. This indicates that FUQA.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUQA.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.35% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 8.96% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 12.03% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 15.96% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 18.09% | +4.32% |
Frequently Asked Questions
FUQA.L and ^GSPC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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