FUSA.L vs. FUSS.L

Last updated Jun 5, 2026

FUSA.L (Fidelity US Quality Income ETF Acc) and FUSS.L (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) are both exchange-traded funds - FUSA.L is a Dividend fund tracking the Fidelity US Quality Income Index, while FUSS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FUSA.L returned 11.76%/yr vs 13.71%/yr for FUSS.L. Their correlation of 0.85 suggests significant overlap in exposure. FUSA.L charges 0.25%/yr vs 0.30%/yr for FUSS.L.

Performance

FUSA.L vs. FUSS.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 Research Enhanced US Equity UCITS ETF Acc (FUSS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FUSA.L is traded in USD, while FUSS.L is traded in GBP. To make them comparable, the FUSS.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 lower than FUSS.L's 9.91% return.

FUSA.L

• 1D: 0.00%
• 1M: 3.55%
• YTD: 8.02%
• 6M: 8.85%
• 1Y: 23.71%
• 3Y*: 17.99%
• 5Y*: 11.76%
• 10Y*: —

FUSS.L

• 1D: 0.26%
• 1M: 3.85%
• YTD: 9.91%
• 6M: 10.63%
• 1Y: 28.74%
• 3Y*: 22.73%
• 5Y*: 13.71%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FUSA.L Fidelity US Quality Income ETF Acc	8.02%	16.31%	17.98%	18.04%	-10.51%	26.22%	19.26%
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc	9.91%	18.13%	26.20%	28.75%	-21.26%	27.29%	23.61%

Correlation

The correlation between FUSA.L and FUSS.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.85

The correlation between FUSA.L and FUSS.L has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

FUSA.L vs. FUSS.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

FUSS.L

FUSS.L Risk / Return Rank: 77
FUSS.L Sharpe Ratio Rank: 81
FUSS.L Sortino Ratio Rank: 80
FUSS.L Omega Ratio Rank: 79
FUSS.L Calmar Ratio Rank: 73
FUSS.L Martin Ratio Rank: 70

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. FUSS.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 Research Enhanced US Equity UCITS ETF Acc (FUSS.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	FUSS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.40	-0.16
Sortino ratio: Return per unit of downside risk	3.41	3.48	-0.06
Omega ratio: Gain probability vs. loss probability	1.41	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	2.91	2.99	-0.08
Martin ratio: Return relative to average drawdown	12.66	12.78	-0.13
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. FUSS.L - Sharpe Ratio Comparison

The current FUSA.L Sharpe Ratio is 2.24, which is comparable to the FUSS.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of FUSA.L and FUSS.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	FUSS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.40	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.85	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.06	-0.22

Drawdowns

FUSA.L vs. FUSS.L - Drawdown Comparison

The maximum FUSA.L drawdown since its inception was -35.84%, which is greater than FUSS.L's maximum drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for FUSA.L and FUSS.L.

Drawdown Indicators

	FUSA.L	FUSS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-26.68%	-9.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-9.57%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-17.91%	-20.09%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-26.68%	+7.31%
Current Drawdown Current decline from peak	-0.26%	-0.33%	+0.07%
Average Drawdown Average peak-to-trough decline	-4.24%	-5.54%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.24%	-0.37%

Volatility

FUSA.L vs. FUSS.L - Volatility Comparison

Fidelity US Quality Income ETF Acc (FUSA.L) has a higher volatility of 2.90% compared to Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) at 2.52%. This indicates that FUSA.L's price experiences larger fluctuations and is considered to be riskier than FUSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUSA.L	FUSS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.52%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	8.38%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	11.93%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	16.19%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	16.41%	+0.88%

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

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

Dividends

FUSA.L vs. FUSS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FUSA.L and FUSS.L have a correlation of 0.81, 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 FUSS.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 FUSS.L?

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

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

FUSA.L is categorized as Dividend, while FUSS.L is Large Cap Blend Equities. FUSA.L tracks Fidelity US Quality Income Index, while FUSS.L tracks Russell 1000 TR USD. Their fees differ too: 0.25% for FUSA.L and 0.30% for FUSS.L.