FUSA.L vs. FSMP.L

Last updated Jun 5, 2026

FUSA.L (Fidelity US Quality Income ETF Acc) and FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) are both exchange-traded funds - FUSA.L is a Dividend fund tracking the Fidelity US Quality Income Index, while FSMP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, FUSA.L returned 11.76%/yr vs -0.64%/yr for FSMP.L. At a 0.35 correlation, their price movements are largely independent. FUSA.L charges 0.25%/yr vs 0.30%/yr for FSMP.L.

Performance

FUSA.L vs. FSMP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity US Quality Income ETF Acc (FUSA.L) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FUSA.L is traded in USD, while FSMP.L is traded in GBP. To make them comparable, the FSMP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FUSA.L achieves a 8.02% return, which is significantly higher than FSMP.L's 0.16% return.

FUSA.L

• 1D: 0.00%
• 1M: 2.04%
• YTD: 8.02%
• 6M: 8.45%
• 1Y: 23.52%
• 3Y*: 17.99%
• 5Y*: 11.76%
• 10Y*: —

FSMP.L

• 1D: 0.22%
• 1M: -0.03%
• YTD: 0.16%
• 6M: 1.40%
• 1Y: 3.52%
• 3Y*: 7.90%
• 5Y*: -0.64%
• 10Y*: —

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

FUSA.L vs. FSMP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FUSA.L Fidelity US Quality Income ETF Acc	8.02%	16.31%	17.98%	18.04%	-10.51%	17.73%
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)	0.17%	14.39%	1.23%	13.71%	-24.11%	1.79%

Correlation

The correlation between FUSA.L and FSMP.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.35

Return for Risk

FUSA.L vs. FSMP.L — Risk / Return Rank

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

FUSA.L

FUSA.L Risk / Return Rank: 69
FUSA.L Sharpe Ratio Rank: 69
FUSA.L Sortino Ratio Rank: 77
FUSA.L Omega Ratio Rank: 69
FUSA.L Calmar Ratio Rank: 60
FUSA.L Martin Ratio Rank: 69

FSMP.L

FSMP.L Risk / Return Rank: 34
FSMP.L Sharpe Ratio Rank: 34
FSMP.L Sortino Ratio Rank: 34
FSMP.L Omega Ratio Rank: 31
FSMP.L Calmar Ratio Rank: 34
FSMP.L Martin Ratio Rank: 35

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.

FUSA.L vs. FSMP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Acc (FUSA.L) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.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.

	FUSA.L	FSMP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.40	+1.83
Sortino ratio: Return per unit of downside risk	3.41	0.65	+2.77
Omega ratio: Gain probability vs. loss probability	1.41	1.07	+0.34
Calmar ratio: Return relative to maximum drawdown	2.91	0.55	+2.36
Martin ratio: Return relative to average drawdown	12.66	1.39	+11.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUSA.L vs. FSMP.L - Sharpe Ratio Comparison

The current FUSA.L Sharpe Ratio is 2.24, which is higher than the FSMP.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of FUSA.L and FSMP.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

	FUSA.L	FSMP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.40	+1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	-0.05	+0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.03	+0.81

Drawdowns

FUSA.L vs. FSMP.L - Drawdown Comparison

The maximum FUSA.L drawdown since its inception was -35.84%, roughly equal to the maximum FSMP.L drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for FUSA.L and FSMP.L.

Drawdown Indicators

	FUSA.L	FSMP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-37.12%	+1.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-6.37%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.91%	-11.88%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-37.12%	+17.75%
Current Drawdown Current decline from peak	-0.26%	-3.79%	+3.53%
Average Drawdown Average peak-to-trough decline	-4.24%	-14.06%	+9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.53%	-0.66%

Volatility

FUSA.L vs. FSMP.L - Volatility Comparison

Fidelity US Quality Income ETF Acc (FUSA.L) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) have volatilities of 2.90% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUSA.L	FSMP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.83%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	6.40%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	8.71%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	11.74%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	11.60%	+5.69%

FUSA.L vs. FSMP.L - Expense Ratio Comparison

FUSA.L has a 0.25% expense ratio, which is lower than FSMP.L's 0.30% expense ratio.

Dividends

FUSA.L vs. FSMP.L - Dividend Comparison

Neither FUSA.L nor FSMP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FUSA.L and FSMP.L in my portfolio?

FUSA.L and FSMP.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUSA.L or FSMP.L?

On fees, FUSA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FUSA.L or FSMP.L?

FUSA.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FSMP.L.

What is the main difference between FUSA.L and FSMP.L?

FUSA.L is categorized as Dividend, while FSMP.L is Global Corporate Bonds. FUSA.L tracks Fidelity US Quality Income Index, while FSMP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. Their fees differ too: 0.25% for FUSA.L and 0.30% for FSMP.L.