FUSA.L vs. UNCU.L
FUSA.L (Fidelity US Quality Income ETF Acc) and UNCU.L (First Trust US Equity Income UCITS ETF Class B) are both Dividend funds - FUSA.L tracks the Fidelity US Quality Income Index while UNCU.L tracks the First Trust US Equity Income UCITS ETF Class B. Both are passively managed. Over the past 5 years, FUSA.L returned 11.79%/yr vs 9.86%/yr for UNCU.L. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
FUSA.L vs. UNCU.L - Performance Comparison
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Returns By Period
In the year-to-date period, FUSA.L achieves a 9.77% return, which is significantly lower than UNCU.L's 17.23% return.
FUSA.L
- 1D
- 0.37%
- 1M
- 0.99%
- 6M
- 9.19%
- YTD
- 9.77%
- 1Y
- 20.77%
- 3Y*
- 16.85%
- 5Y*
- 11.79%
- 10Y*
- —
UNCU.L
- 1D
- 1.02%
- 1M
- 2.16%
- 6M
- 14.18%
- YTD
- 17.23%
- 1Y
- 23.41%
- 3Y*
- 15.69%
- 5Y*
- 9.86%
- 10Y*
- —
FUSA.L vs. UNCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUSA.L Fidelity US Quality Income ETF Acc | 9.77% | 16.26% | 18.00% | 18.06% | -10.51% | 26.22% | 12.02% | 31.29% | -3.14% | 12.87% |
UNCU.L First Trust US Equity Income UCITS ETF Class B | 17.23% | 7.54% | 6.63% | 17.16% | -6.91% | 32.03% | 1.33% | 17.33% | -8.34% | 15.56% |
Correlation
The correlation between FUSA.L and UNCU.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.58 |
The correlation between FUSA.L and UNCU.L shifts across timeframes, from 0.47 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUSA.L vs. UNCU.L — Risk / Return Rank
FUSA.L
UNCU.L
FUSA.L vs. UNCU.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 First Trust US Equity Income UCITS ETF Class B (UNCU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUSA.L | UNCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.48 | -0.93 |
| Martin ratioReturn relative to average drawdown | 10.89 | 9.18 | +1.71 |
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Drawdowns
FUSA.L vs. UNCU.L - Drawdown Comparison
The maximum FUSA.L drawdown since its inception was -35.84%, smaller than the maximum UNCU.L drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for FUSA.L and UNCU.L.
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Drawdown Indicators
| FUSA.L | UNCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -45.45% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -6.71% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -21.42% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -21.42% | +2.05% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -6.94% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.54% | -0.64% |
Volatility
FUSA.L vs. UNCU.L - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Acc (FUSA.L) is 2.59%, while First Trust US Equity Income UCITS ETF Class B (UNCU.L) has a volatility of 3.92%. This indicates that FUSA.L experiences smaller price fluctuations and is considered to be less risky than UNCU.L 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 | UNCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.92% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 8.80% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 12.72% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 17.82% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 22.16% | -6.46% |
Dividends
FUSA.L vs. UNCU.L - Dividend Comparison
Neither FUSA.L nor UNCU.L has paid dividends to shareholders.
Frequently Asked Questions
FUSA.L and UNCU.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUSA.L tracks Fidelity US Quality Income Index, while UNCU.L tracks First Trust US Equity Income UCITS ETF Class B. They also come from different issuers: Fidelity and First Trust.
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