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

FUSD.L vs. USFM.L

Last updated Jun 5, 2026

FUSD.L (Fidelity US Quality Income ETF Inc) and USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - FUSD.L tracks the Fidelity US Quality Income Index NR while USFM.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FUSD.L returned 11.75%/yr vs 10.44%/yr for USFM.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

FUSD.L vs. USFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity US Quality Income ETF Inc (FUSD.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.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 USFM.L is traded in GBp. To make them comparable, the USFM.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 7.97% return, which is significantly lower than USFM.L's 11.89% return.

FUSD.L

1D
0.00%
1M
2.07%
YTD
7.97%
6M
8.45%
1Y
23.51%
3Y*
18.01%
5Y*
11.75%
10Y*
—

USFM.L

1D
0.38%
1M
4.30%
YTD
11.89%
6M
13.11%
1Y
23.60%
3Y*
18.99%
5Y*
10.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
FUSD.L
Fidelity US Quality Income ETF Inc		7.97%16.45%17.47%18.48%-10.54%26.22%11.82%31.47%-4.52%15.42%
USFM.L
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis		11.89%13.71%18.11%16.29%-13.57%24.98%14.18%30.60%-6.02%15.88%

Correlation

The correlation between FUSD.L and USFM.L is 0.79, 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

0.79

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

0.83

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

0.86

Correlation (All Time)
Calculated using the full available price history since May 18, 2017

0.86

The correlation between FUSD.L and USFM.L has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

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

Sectors
FUSD.L
USFM.L

Technology

35.0%
20.8%

Financial Services

12.6%
15.2%

Communication Services

10.6%
6.4%

Consumer Cyclical

9.3%
6.4%

Healthcare

9.1%
13.9%

Industrials

8.8%
15.3%

Consumer Defensive

4.5%
8.7%

Energy

3.5%
3.3%

Utilities

2.3%
4.0%

Basic Materials

2.2%
3.2%

Real Estate

2.1%
2.9%

Technology

FUSD.L
35.0%
USFM.L
20.8%

Financial Services

FUSD.L
12.6%
USFM.L
15.2%

Communication Services

FUSD.L
10.6%
USFM.L
6.4%

Consumer Cyclical

FUSD.L
9.3%
USFM.L
6.4%

Healthcare

FUSD.L
9.1%
USFM.L
13.9%

Industrials

FUSD.L
8.8%
USFM.L
15.3%

Consumer Defensive

FUSD.L
4.5%
USFM.L
8.7%

Energy

FUSD.L
3.5%
USFM.L
3.3%

Utilities

FUSD.L
2.3%
USFM.L
4.0%

Basic Materials

FUSD.L
2.2%
USFM.L
3.2%

Real Estate

FUSD.L
2.1%
USFM.L
2.9%

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 ETF Inc

UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis

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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 USFM.L:
USFM.L vs. SMGB.LUSFM.L vs. HIUS.LUSFM.L vs. UC04.LUSFM.L vs. UC95.LUSFM.L vs. CAPS.LUSFM.L vs. UDVD.LUSFM.L vs. XMVU.L

Return for Risk

FUSD.L vs. USFM.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: 7171
Overall Rank
FUSD.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
FUSD.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
FUSD.L Omega Ratio Rank: 7171
Omega Ratio Rank
FUSD.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
FUSD.L Martin Ratio Rank: 7171
Martin Ratio Rank
USFM.L
USFM.L Risk / Return Rank: 8282
Overall Rank
USFM.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
USFM.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
USFM.L Omega Ratio Rank: 7979
Omega Ratio Rank
USFM.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
USFM.L Martin Ratio Rank: 8282
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. USFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income ETF Inc (FUSD.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.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.

FUSD.LUSFM.LDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.32

-0.03

Sortino ratioReturn per unit of downside risk
3.55
3.53

+0.02

Omega ratioGain probability vs. loss probability

1.42

1.41

+0.01

Calmar ratioReturn relative to maximum drawdown

2.97

3.37

-0.40

Martin ratioReturn relative to average drawdown

12.99

13.99

-1.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FUSD.L Sharpe Ratio is 2.30, which is comparable to the USFM.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FUSD.L and USFM.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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Sharpe Ratios by Period

FUSD.LUSFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

2.32

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.72

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.82

+0.05

Drawdowns

FUSD.L vs. USFM.L - Drawdown Comparison

The maximum FUSD.L drawdown since its inception was -35.82%, roughly equal to the maximum USFM.L drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for FUSD.L and USFM.L.

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Drawdown Indicators

FUSD.LUSFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.82%

-35.45%

-0.37%

Max Drawdown (1Y)

Largest decline over 1 year

-7.94%

-6.96%

-0.98%

Max Drawdown (3Y)

Largest decline over 3 years

-17.61%

-16.05%

-1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-19.41%

-22.41%

+3.00%

Current Drawdown

Current decline from peak

-0.23%

0.00%

-0.23%

Average Drawdown

Average peak-to-trough decline

-3.88%

-4.68%

+0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

1.68%

+0.14%

Volatility

FUSD.L vs. USFM.L - Volatility Comparison

Fidelity US Quality Income ETF Inc (FUSD.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) have volatilities of 2.91% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FUSD.LUSFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

2.93%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

7.69%

7.48%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

10.29%

10.13%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.61%

14.46%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.78%

16.20%

-0.42%

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

Both FUSD.L and USFM.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FUSD.L vs. USFM.L - Dividend Comparison

FUSD.L's dividend yield for the trailing twelve months is around 1.42%, more than USFM.L's 1.07% yield.

PositionTTM202520242023202220212020201920182017
FUSD.L
Fidelity US Quality Income ETF Inc		1.42%1.47%1.85%2.10%2.31%2.30%2.30%1.95%2.19%1.24%
USFM.L
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis		1.07%1.20%1.14%1.37%1.22%1.01%1.34%1.30%1.37%0.30%

Frequently Asked Questions

FUSD.L and USFM.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

FUSD.L and USFM.L have the same expense ratio: 0.25% per year.

FUSD.L tracks Fidelity US Quality Income Index NR, while USFM.L tracks Russell 1000 TR USD. They also come from different issuers: Fidelity and UBS.

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