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FUSD.L vs. GBDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUSD.L vs. GBDV.L

Last updated Jun 26, 2026

FUSD.L (Fidelity US Quality Income UCITS ETF Income USD Shares) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - FUSD.L is a Dividend fund tracking the Fidelity US Quality Income Index NR, while GBDV.L is a Global Equities fund tracking the S&P Global Dividend Aristocrats index. Both are passively managed. Over the past 5 years, FUSD.L returned 11.34%/yr vs 6.18%/yr for GBDV.L. A 0.69 correlation means they provide meaningful diversification when combined. FUSD.L charges 0.25%/yr vs 0.45%/yr for GBDV.L.

Performance

FUSD.L vs. GBDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, FUSD.L achieves a 6.12% return, which is significantly lower than GBDV.L's 7.49% return.

FUSD.L

1D
-0.76%
1M
-1.36%
YTD
6.12%
6M
6.29%
1Y
20.26%
3Y*
16.92%
5Y*
11.34%
10Y*
—

GBDV.L

1D
0.41%
1M
0.02%
YTD
7.49%
6M
7.24%
1Y
16.52%
3Y*
15.19%
5Y*
6.18%
10Y*
7.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUSD.L vs. GBDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FUSD.L
Fidelity US Quality Income UCITS ETF Income USD Shares		6.12%16.47%17.51%18.47%-10.57%26.18%10.46%30.10%-6.45%15.03%
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		7.49%17.50%7.17%6.57%-6.61%15.63%-9.43%20.47%-9.28%12.67%

Correlation

The correlation between FUSD.L and GBDV.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2017

0.69

The correlation between FUSD.L and GBDV.L shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

FUSD.L vs. GBDV.L - Sectors Allocation Comparison

Sectors
FUSD.L
GBDV.L

Technology

37.7%
2.9%

Financial Services

11.9%
23.0%

Communication Services

10.2%
10.3%

Consumer Cyclical

9.1%
1.3%

Healthcare

9.0%
3.8%

Industrials

8.4%
12.0%

Consumer Defensive

4.4%
8.4%

Energy

3.2%
7.8%

Basic Materials

2.1%
2.3%

Utilities

2.0%
16.9%

Real Estate

2.0%
11.4%

Technology

FUSD.L
37.7%
GBDV.L
2.9%

Financial Services

FUSD.L
11.9%
GBDV.L
23.0%

Communication Services

FUSD.L
10.2%
GBDV.L
10.3%

Consumer Cyclical

FUSD.L
9.1%
GBDV.L
1.3%

Healthcare

FUSD.L
9.0%
GBDV.L
3.8%

Industrials

FUSD.L
8.4%
GBDV.L
12.0%

Consumer Defensive

FUSD.L
4.4%
GBDV.L
8.4%

Energy

FUSD.L
3.2%
GBDV.L
7.8%

Basic Materials

FUSD.L
2.1%
GBDV.L
2.3%

Utilities

FUSD.L
2.0%
GBDV.L
16.9%

Real Estate

FUSD.L
2.0%
GBDV.L
11.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity US Quality Income UCITS ETF Income USD Shares

SPDR S&P Global Dividend Aristocrats UCITS

Often compared with FUSD.L:
FUSD.L vs. SCHDFUSD.L vs. VHYD.LFUSD.L vs. TDIV.ASFUSD.L vs. VUSA.ASFUSD.L vs. ISPA.DEFUSD.L vs. VDIV.DEFUSD.L vs. DGRP.L
Often compared with GBDV.L:
GBDV.L vs. VHYL.ASGBDV.L vs. VHYD.LGBDV.L vs. SDIVGBDV.L vs. IUKD.LGBDV.L vs. XGSD.LGBDV.L vs. FLXX.DEGBDV.L vs. TDGB.L

Return for Risk

FUSD.L vs. GBDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FUSD.L
FUSD.L Risk / Return Rank: 6868
Overall Rank
FUSD.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
FUSD.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
FUSD.L Omega Ratio Rank: 6767
Omega Ratio Rank
FUSD.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
FUSD.L Martin Ratio Rank: 6969
Martin Ratio Rank
GBDV.L
GBDV.L Risk / Return Rank: 7979
Overall Rank
GBDV.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
GBDV.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
GBDV.L Omega Ratio Rank: 8383
Omega Ratio Rank
GBDV.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
GBDV.L Martin Ratio Rank: 6666
Martin Ratio Rank
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.

FUSD.L vs. GBDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.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.

FUSD.LGBDV.LDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.69

+0.23

Sortino ratioReturn per unit of downside risk
3.01
2.46

+0.55

Omega ratioGain probability vs. loss probability

1.34

1.30

+0.04

Calmar ratioReturn relative to maximum drawdown

2.54

2.18

+0.36

Martin ratioReturn relative to average drawdown

10.98

6.55

+4.43

FUSD.L vs. GBDV.L - Sharpe Ratio Comparison

The current FUSD.L Sharpe Ratio is 1.92, which is comparable to the GBDV.L Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FUSD.L and GBDV.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.

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Drawdowns

FUSD.L vs. GBDV.L - Drawdown Comparison

The maximum FUSD.L drawdown since its inception was -35.98%, smaller than the maximum GBDV.L drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for FUSD.L and GBDV.L.

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Drawdown Indicators

FUSD.LGBDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.98%

-41.93%

+5.95%

Max Drawdown (1Y)

Largest decline over 1 year

-7.94%

-7.53%

-0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-17.60%

-12.19%

-5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-19.33%

-21.29%

+1.96%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.93%

—

Current Drawdown

Current decline from peak

-2.32%

-1.84%

-0.48%

Average Drawdown

Average peak-to-trough decline

-3.96%

-14.46%

+10.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

2.52%

-0.68%

Volatility

FUSD.L vs. GBDV.L - Volatility Comparison

Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) has a higher volatility of 3.25% compared to SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) at 2.42%. This indicates that FUSD.L's price experiences larger fluctuations and is considered to be riskier than GBDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FUSD.LGBDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.42%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

8.18%

7.08%

+1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

10.52%

9.76%

+0.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.67%

13.90%

+0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.77%

15.67%

+0.10%

FUSD.L vs. GBDV.L - Expense Ratio Comparison

FUSD.L has a 0.25% expense ratio, which is lower than GBDV.L's 0.45% expense ratio.

Dividends

FUSD.L vs. GBDV.L - Dividend Comparison

FUSD.L's dividend yield for the trailing twelve months is around 1.45%, less than GBDV.L's 3.81% yield.

PositionTTM20252024202320222021202020192018201720162015
FUSD.L
Fidelity US Quality Income UCITS ETF Income USD Shares		1.45%1.47%1.85%2.10%2.31%2.30%1.26%1.03%0.00%0.00%0.00%0.00%
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		3.81%4.21%3.80%4.25%4.26%3.68%3.91%3.60%3.87%3.28%3.49%3.73%

Frequently Asked Questions

FUSD.L and GBDV.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FUSD.L is cheaper with a 0.25% expense ratio, compared with 0.45% for GBDV.L.

FUSD.L is categorized as Dividend, while GBDV.L is Global Equities. FUSD.L tracks Fidelity US Quality Income Index NR, while GBDV.L tracks S&P Global Dividend Aristocrats index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.25% for FUSD.L and 0.45% for GBDV.L.

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