FUSD.L vs. IUSN.DE
FUSD.L (Fidelity US Quality Income ETF Inc) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - FUSD.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index NR, while IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 5 years, FUSD.L returned 10.55%/yr vs 6.97%/yr for IUSN.DE. Their correlation of 0.80 suggests significant overlap in exposure. FUSD.L charges 0.25%/yr vs 0.35%/yr for IUSN.DE.
Performance
FUSD.L vs. IUSN.DE - Performance Comparison
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Different Trading Currencies
FUSD.L is traded in USD, while IUSN.DE is traded in EUR. To make them comparable, the IUSN.DE 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 7.66% return, which is significantly lower than IUSN.DE's 14.28% return.
FUSD.L
- 1D
- 2.00%
- 1M
- 2.39%
- YTD
- 7.66%
- 6M
- 8.36%
- 1Y
- 22.23%
- 3Y*
- 16.18%
- 5Y*
- 10.55%
- 10Y*
- —
IUSN.DE
- 1D
- 2.27%
- 1M
- 3.09%
- YTD
- 14.28%
- 6M
- 14.65%
- 1Y
- 31.48%
- 3Y*
- 16.89%
- 5Y*
- 6.97%
- 10Y*
- —
FUSD.L vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income ETF Inc | 7.66% | 16.47% | 15.86% | 17.14% | -12.08% | 24.36% | 10.46% | 28.68% | -4.79% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.28% | 21.65% | 6.69% | 16.70% | -18.51% | 15.41% | 15.53% | 26.44% | -13.57% |
Correlation
The correlation between FUSD.L and IUSN.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.80 |
The correlation between FUSD.L and IUSN.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
FUSD.L vs. IUSN.DE — Risk / Return Rank
FUSD.L
IUSN.DE
FUSD.L vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Inc (FUSD.L) and iShares MSCI World Small Cap UCITS ETF (IUSN.DE). 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.L | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.47 | -0.68 |
| Martin ratioReturn relative to average drawdown | 12.14 | 12.38 | -0.25 |
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Drawdowns
FUSD.L vs. IUSN.DE - Drawdown Comparison
The maximum FUSD.L drawdown since its inception was -35.98%, smaller than the maximum IUSN.DE drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for FUSD.L and IUSN.DE.
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Drawdown Indicators
| FUSD.L | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.98% | -41.11% | +5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -9.02% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -21.08% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.25% | -30.69% | +10.44% |
Current DrawdownCurrent decline from peak | -0.53% | 0.00% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -8.90% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.54% | -0.71% |
Volatility
FUSD.L vs. IUSN.DE - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Inc (FUSD.L) is 3.41%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 4.54%. This indicates that FUSD.L experiences smaller price fluctuations and is considered to be less risky than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSD.L | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 4.54% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 10.99% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 14.87% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 18.28% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 19.60% | -3.80% |
FUSD.L vs. IUSN.DE - Expense Ratio Comparison
FUSD.L has a 0.25% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
FUSD.L vs. IUSN.DE - Dividend Comparison
FUSD.L's dividend yield for the trailing twelve months is around 1.43%, while IUSN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income ETF Inc | 1.43% | 1.47% | 0.47% | 1.04% | 0.56% | 0.94% | 1.26% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FUSD.L and IUSN.DE have a correlation of 0.77, 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 0.35% for IUSN.DE.
FUSD.L is categorized as Large Cap Blend Equities, while IUSN.DE is Global Equities. FUSD.L tracks Fidelity US Quality Income Index NR, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.25% for FUSD.L and 0.35% for IUSN.DE.
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