FUQIX vs. QUAL
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and iShares 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 Sector Neutral Quality Index. It was launched on Jul 18, 2013.
Performance
FUQIX vs. QUAL - Performance Comparison
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FUQIX vs. QUAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | -10.98% | 16.76% | 24.32% | 29.63% | -18.09% | 28.28% | 20.67% | 34.66% | -3.39% | 25.77% |
QUAL iShares MSCI USA Quality Factor ETF | -3.22% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Returns By Period
In the year-to-date period, FUQIX achieves a -10.98% return, which is significantly lower than QUAL's -3.22% return. Over the past 10 years, FUQIX has outperformed QUAL with an annualized return of 13.89%, while QUAL has yielded a comparatively lower 12.94% annualized return.
FUQIX
- 1D
- 0.14%
- 1M
- -9.20%
- YTD
- -10.98%
- 6M
- -9.40%
- 1Y
- 6.59%
- 3Y*
- 15.42%
- 5Y*
- 11.09%
- 10Y*
- 13.89%
QUAL
- 1D
- 2.85%
- 1M
- -6.17%
- YTD
- -3.22%
- 6M
- -0.87%
- 1Y
- 13.35%
- 3Y*
- 16.91%
- 5Y*
- 10.60%
- 10Y*
- 12.94%
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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%.
Return for Risk
FUQIX vs. QUAL — Risk / Return Rank
FUQIX
QUAL
FUQIX vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and iShares 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.
| FUQIX | QUAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.77 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.22 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.23 | -0.80 |
Martin ratioReturn relative to average drawdown | 1.69 | 5.67 | -3.99 |
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
| FUQIX | QUAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.77 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.61 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.72 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.75 | +0.01 |
Correlation
The correlation between FUQIX and QUAL is 0.95, 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.
Dividends
FUQIX vs. QUAL - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 4.08%, more than QUAL's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 4.08% | 3.63% | 12.80% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% |
QUAL iShares MSCI USA Quality Factor ETF | 0.98% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
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.
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Drawdown Indicators
| FUQIX | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -34.06% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -11.52% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -28.23% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -34.06% | +2.87% |
Current DrawdownCurrent decline from peak | -12.19% | -6.44% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -4.15% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.50% | +0.68% |
Volatility
FUQIX vs. QUAL - Volatility Comparison
The current volatility for Fidelity SAI U.S. Quality Index Fund (FUQIX) is 4.47%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 5.37%. This indicates that FUQIX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUQIX | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.37% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 9.30% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 17.47% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.34% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.08% | +0.13% |