FUQIX vs. SPGP
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco S&P 500 GARP ETF (SPGP).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Performance
FUQIX vs. SPGP - Performance Comparison
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FUQIX vs. SPGP - 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% |
SPGP Invesco S&P 500 GARP ETF | -5.19% | 9.80% | 8.48% | 20.29% | -13.83% | 35.72% | 15.92% | 39.16% | 1.68% | 36.24% |
Returns By Period
In the year-to-date period, FUQIX achieves a -10.98% return, which is significantly lower than SPGP's -5.19% return. Both investments have delivered pretty close results over the past 10 years, with FUQIX having a 13.89% annualized return and SPGP not far behind at 13.70%.
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%
SPGP
- 1D
- 3.24%
- 1M
- -6.43%
- YTD
- -5.19%
- 6M
- -4.81%
- 1Y
- 8.81%
- 3Y*
- 9.45%
- 5Y*
- 6.73%
- 10Y*
- 13.70%
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FUQIX vs. SPGP - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Return for Risk
FUQIX vs. SPGP — Risk / Return Rank
FUQIX
SPGP
FUQIX vs. SPGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco S&P 500 GARP ETF (SPGP). 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 | SPGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.41 | +0.01 |
Sortino ratioReturn per unit of downside risk | 0.72 | 0.74 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.65 | -0.21 |
Martin ratioReturn relative to average drawdown | 1.69 | 2.64 | -0.95 |
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 | SPGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.41 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.37 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.65 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.70 | +0.06 |
Correlation
The correlation between FUQIX and SPGP is 0.83, 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. SPGP - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 4.08%, more than SPGP'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% |
SPGP Invesco S&P 500 GARP ETF | 0.98% | 1.04% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% |
Drawdowns
FUQIX vs. SPGP - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for FUQIX and SPGP.
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Drawdown Indicators
| FUQIX | SPGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -42.08% | +10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -15.00% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -22.87% | -2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -42.08% | +10.89% |
Current DrawdownCurrent decline from peak | -12.19% | -8.27% | -3.92% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -4.39% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.68% | -0.50% |
Volatility
FUQIX vs. SPGP - Volatility Comparison
The current volatility for Fidelity SAI U.S. Quality Index Fund (FUQIX) is 4.47%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.32%. This indicates that FUQIX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUQIX | SPGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 6.32% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 11.82% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 21.82% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 18.49% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 21.17% | -2.96% |