FUQIX vs. QUAL
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUQIX or QUAL.
Key characteristics
| FUQIX | QUAL | |
|---|---|---|
| YTD Return | 20.65% | 20.38% |
| 1Y Return | 31.20% | 30.96% |
| 3Y Return (Ann) | 11.20% | 10.18% |
| 5Y Return (Ann) | 17.05% | 15.43% |
| Sharpe Ratio | 2.20 | 2.33 |
| Daily Std Dev | 14.20% | 13.19% |
| Max Drawdown | -31.19% | -34.06% |
| Current Drawdown | -2.35% | -0.79% |
Correlation
The correlation between FUQIX and QUAL is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FUQIX vs. QUAL - Performance Comparison
The year-to-date returns for both stocks are quite close, with FUQIX having a 20.65% return and QUAL slightly lower at 20.38%. 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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FUQIX vs. QUAL - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is lower than QUAL's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUQIX vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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
FUQIX vs. QUAL - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 11.60%, more than QUAL's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 11.60% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% | 0.00% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.01% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
FUQIX vs. QUAL - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for FUQIX and QUAL. For additional features, visit the drawdowns tool.
Volatility
FUQIX vs. QUAL - Volatility Comparison
Fidelity SAI U.S. Quality Index Fund (FUQIX) has a higher volatility of 4.15% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 3.71%. This indicates that FUQIX's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.