FUQA.L vs. IAU
FUQA.L (Fidelity US Quality Income ETF Acc) and IAU (iShares Gold Trust) are both exchange-traded funds - FUQA.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, FUQA.L returned 12.98%/yr vs 19.46%/yr for IAU. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
FUQA.L vs. IAU - Performance Comparison
Loading charts...
Different Trading Currencies
FUQA.L is traded in GBp, while IAU is traded in USD. To make them comparable, the IAU 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 8.87% return, which is significantly higher than IAU's 0.55% return.
FUQA.L
- 1D
- 0.81%
- 1M
- 1.64%
- YTD
- 8.87%
- 6M
- 8.75%
- 1Y
- 25.38%
- 3Y*
- 15.18%
- 5Y*
- 12.98%
- 10Y*
- —
IAU
- 1D
- 2.54%
- 1M
- -5.62%
- YTD
- 0.55%
- 6M
- -0.06%
- 1Y
- 26.99%
- 3Y*
- 27.99%
- 5Y*
- 19.46%
- 10Y*
- 13.27%
FUQA.L vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUQA.L Fidelity US Quality Income ETF Acc | 8.87% | 8.56% | 19.50% | 11.85% | -0.00% | 27.82% | 8.23% | 27.23% | 1.10% | -13.91% |
IAU iShares Gold Trust | 0.55% | 52.27% | 29.07% | 7.20% | 11.18% | -3.09% | 21.36% | 13.49% | 4.07% | -3.86% |
Correlation
The correlation between FUQA.L and IAU is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FUQA.L vs. IAU — Risk / Return Rank
FUQA.L
IAU
FUQA.L vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Acc (FUQA.L) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.22 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 1.16 | +3.04 |
| Martin ratioReturn relative to average drawdown | 16.84 | 3.42 | +13.42 |
Loading charts...
Drawdowns
FUQA.L vs. IAU - Drawdown Comparison
The maximum FUQA.L drawdown since its inception was -27.34%, smaller than the maximum IAU drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for FUQA.L and IAU.
Loading charts...
Drawdown Indicators
| FUQA.L | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -41.56% | +14.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -23.32% | +17.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.49% | -23.32% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -23.32% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -19.10% | +19.10% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -13.05% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 7.92% | -6.42% |
Volatility
FUQA.L vs. IAU - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Acc (FUQA.L) is 2.80%, while iShares Gold Trust (IAU) has a volatility of 7.60%. This indicates that FUQA.L experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FUQA.L | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 7.60% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 22.57% | -15.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 25.93% | -16.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 16.90% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 16.28% | +6.16% |
FUQA.L vs. IAU - Expense Ratio Comparison
Both FUQA.L and IAU have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FUQA.L vs. IAU - Dividend Comparison
Neither FUQA.L nor IAU has paid dividends to shareholders.
Frequently Asked Questions
FUQA.L and IAU have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FUQA.L and IAU have the same expense ratio: 0.25% per year.
FUQA.L is categorized as Large Cap Blend Equities, while IAU is Gold. FUQA.L tracks Fidelity US Quality Income Index, while IAU tracks LBMA Gold Price. They also come from different issuers: Fidelity and iShares.
Find the right allocation for FUQA.L and IAU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer