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 12.92%/yr vs 13.60%/yr for ^GSPC. At a 0.49 correlation, their price movements are largely independent.
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 8.88% return, which is significantly lower than ^GSPC's 11.24% return.
FUQA.L
- 1D
- 0.02%
- 1M
- 4.29%
- YTD
- 8.88%
- 6M
- 8.31%
- 1Y
- 24.89%
- 3Y*
- 14.90%
- 5Y*
- 12.92%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 5.44%
- YTD
- 11.24%
- 6M
- 9.84%
- 1Y
- 28.25%
- 3Y*
- 18.03%
- 5Y*
- 13.60%
- 10Y*
- 14.50%
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 | 8.88% | 7.90% | 19.50% | 11.85% | -0.00% | 27.82% | 8.23% | 27.23% | 1.10% | 7.11% |
^GSPC S&P 500 Index | 11.24% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 4.73% |
Correlation
The correlation between FUQA.L and ^GSPC is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.49 |
Over the past year, FUQA.L and ^GSPC have become more correlated (0.72) than their long-term average of 0.49, meaning their price movements have been converging.
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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.
| FUQA.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.53 | +0.03 |
| Martin ratioReturn relative to average drawdown | 16.10 | 13.19 | +2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUQA.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.46 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.86 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.58 | +0.34 |
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 | -6.95% | -8.03% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.99% | -22.15% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -22.15% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -5.32% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.15% | -0.61% |
Volatility
FUQA.L vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Acc (FUQA.L) is 2.27%, while S&P 500 Index (^GSPC) has a volatility of 2.60%. 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 | 2.27% | 2.60% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 8.20% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 11.52% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 15.85% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 18.15% | -1.86% |
Frequently Asked Questions
FUQA.L and ^GSPC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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