FUQA.L vs. NESP.L

Last updated Jun 5, 2026

FUQA.L (Fidelity US Quality Income ETF Acc) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - FUQA.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index, while NESP.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, FUQA.L returned 14.90%/yr vs 25.65%/yr for NESP.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

FUQA.L vs. NESP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity US Quality Income ETF Acc (FUQA.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUQA.L achieves a 8.88% return, which is significantly lower than NESP.L's 20.57% 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*: —

NESP.L

• 1D: -0.61%
• 1M: 10.79%
• YTD: 20.57%
• 6M: 19.40%
• 1Y: 44.13%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FUQA.L vs. NESP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FUQA.L Fidelity US Quality Income ETF Acc	8.88%	7.90%	19.50%	11.85%	-0.00%	7.71%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	20.57%	12.78%	28.66%	48.13%	-25.12%	8.81%

Correlation

The correlation between FUQA.L and NESP.L is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.73

Over the past year, the correlation between FUQA.L and NESP.L has dropped to 0.51 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

FUQA.L vs. NESP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUQA.L

FUQA.L Risk / Return Rank: 76
FUQA.L Sharpe Ratio Rank: 76
FUQA.L Sortino Ratio Rank: 74
FUQA.L Omega Ratio Rank: 77
FUQA.L Calmar Ratio Rank: 72
FUQA.L Martin Ratio Rank: 82

NESP.L

NESP.L Risk / Return Rank: 77
NESP.L Sharpe Ratio Rank: 87
NESP.L Sortino Ratio Rank: 84
NESP.L Omega Ratio Rank: 83
NESP.L Calmar Ratio Rank: 74
NESP.L Martin Ratio Rank: 59

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.

FUQA.L vs. NESP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Acc (FUQA.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). 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	NESP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.86	-0.43
Sortino ratio: Return per unit of downside risk	3.27	3.70	-0.43
Omega ratio: Gain probability vs. loss probability	1.45	1.49	-0.04
Calmar ratio: Return relative to maximum drawdown	3.57	3.67	-0.10
Martin ratio: Return relative to average drawdown	16.10	10.38	+5.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUQA.L vs. NESP.L - Sharpe Ratio Comparison

The current FUQA.L Sharpe Ratio is 2.43, which is comparable to the NESP.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of FUQA.L and NESP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FUQA.L	NESP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.86	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.60	+0.32

Drawdowns

FUQA.L vs. NESP.L - Drawdown Comparison

The maximum FUQA.L drawdown since its inception was -27.34%, roughly equal to the maximum NESP.L drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for FUQA.L and NESP.L.

Drawdown Indicators

	FUQA.L	NESP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-26.62%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-11.96%	+5.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-26.10%	+7.11%
Max Drawdown (5Y) Largest decline over 5 years	-18.99%	—	—
Current Drawdown Current decline from peak	0.00%	-0.61%	+0.61%
Average Drawdown Average peak-to-trough decline	-3.19%	-10.26%	+7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	4.24%	-2.70%

Volatility

FUQA.L vs. NESP.L - Volatility Comparison

The current volatility for Fidelity US Quality Income ETF Acc (FUQA.L) is 2.27%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a volatility of 4.41%. This indicates that FUQA.L experiences smaller price fluctuations and is considered to be less risky than NESP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUQA.L	NESP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	4.41%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	10.95%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	15.35%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.30%	29.41%	-16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	29.41%	-13.12%

FUQA.L vs. NESP.L - Expense Ratio Comparison

Both FUQA.L and NESP.L 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. NESP.L - Dividend Comparison

Neither FUQA.L nor NESP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FUQA.L and NESP.L in my portfolio?

FUQA.L and NESP.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUQA.L or NESP.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FUQA.L or NESP.L?

FUQA.L and NESP.L have the same expense ratio: 0.25% per year.

What is the main difference between FUQA.L and NESP.L?

FUQA.L is categorized as Large Cap Blend Equities, while NESP.L is Nasdaq-100. FUQA.L tracks Fidelity US Quality Income Index, while NESP.L tracks Russell 1000 Growth TR USD. They also come from different issuers: Fidelity and Invesco.