FUSA.L vs. SPY
Compare and contrast key facts about Fidelity US Quality Income ETF Acc (FUSA.L) and State Street SPDR S&P 500 ETF (SPY).
FUSA.L and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FUSA.L is a passively managed fund by Fidelity that tracks the performance of the Fidelity US Quality Income Index. It was launched on Jun 21, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FUSA.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FUSA.L vs. SPY - Performance Comparison
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FUSA.L vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUSA.L Fidelity US Quality Income ETF Acc | -2.14% | 16.31% | 17.98% | 18.04% | -10.51% | 26.22% | 12.02% | 33.15% | -7.83% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -8.79% |
Returns By Period
In the year-to-date period, FUSA.L achieves a -2.14% return, which is significantly higher than SPY's -3.65% return.
FUSA.L
- 1D
- 2.11%
- 1M
- -4.29%
- YTD
- -2.14%
- 6M
- 1.14%
- 1Y
- 17.52%
- 3Y*
- 15.22%
- 5Y*
- 10.63%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FUSA.L vs. SPY - Expense Ratio Comparison
FUSA.L has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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
FUSA.L vs. SPY — Risk / Return Rank
FUSA.L
SPY
FUSA.L vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Acc (FUSA.L) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 0.96 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.49 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.53 | +0.44 |
Martin ratioReturn relative to average drawdown | 8.47 | 7.27 | +1.20 |
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
| FUSA.L | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.96 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.70 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.56 | +0.20 |
Correlation
The correlation between FUSA.L and SPY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FUSA.L vs. SPY - Dividend Comparison
FUSA.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUSA.L Fidelity US Quality Income ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FUSA.L vs. SPY - Drawdown Comparison
The maximum FUSA.L drawdown since its inception was -35.84%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FUSA.L and SPY.
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Drawdown Indicators
| FUSA.L | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -55.19% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -12.05% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -24.50% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -5.59% | -5.53% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -9.09% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.54% | -0.52% |
Volatility
FUSA.L vs. SPY - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Acc (FUSA.L) is 4.08%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that FUSA.L experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSA.L | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.35% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 9.50% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 19.06% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 17.06% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 17.92% | -0.52% |