FUSD.L vs. VWCE.DE
FUSD.L (Fidelity US Quality Income ETF Inc) and VWCE.DE (Vanguard FTSE All-World 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 VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, FUSD.L returned 11.75%/yr vs 11.24%/yr for VWCE.DE. Their correlation of 0.85 suggests significant overlap in exposure. FUSD.L charges 0.25%/yr vs 0.19%/yr for VWCE.DE.
Performance
FUSD.L vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
FUSD.L is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.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 7.97% return, which is significantly lower than VWCE.DE's 11.33% 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*
- —
VWCE.DE
- 1D
- -0.10%
- 1M
- 2.42%
- YTD
- 11.33%
- 6M
- 12.52%
- 1Y
- 28.15%
- 3Y*
- 21.06%
- 5Y*
- 11.24%
- 10Y*
- —
FUSD.L vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income ETF Inc | 7.97% | 16.45% | 17.47% | 18.48% | -10.54% | 26.22% | 11.82% | 7.96% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.33% | 23.23% | 17.30% | 21.91% | -18.24% | 18.47% | 15.65% | 8.51% |
Correlation
The correlation between FUSD.L and VWCE.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.85 |
The correlation between FUSD.L and VWCE.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
FUSD.L vs. VWCE.DE — Risk / Return Rank
FUSD.L
VWCE.DE
FUSD.L vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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.
| FUSD.L | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.19 | -0.22 |
| Martin ratioReturn relative to average drawdown | 12.99 | 13.70 | -0.71 |
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
| FUSD.L | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.35 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.73 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.77 | +0.09 |
Drawdowns
FUSD.L vs. VWCE.DE - Drawdown Comparison
The maximum FUSD.L drawdown since its inception was -35.82%, which is greater than VWCE.DE's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for FUSD.L and VWCE.DE.
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Drawdown Indicators
| FUSD.L | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.82% | -33.91% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -8.91% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -17.27% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -26.11% | +6.70% |
Current DrawdownCurrent decline from peak | -0.23% | -0.83% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -5.43% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.08% | -0.26% |
Volatility
FUSD.L vs. VWCE.DE - Volatility Comparison
The current volatility for Fidelity US Quality Income ETF Inc (FUSD.L) is 2.91%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.45%. This indicates that FUSD.L experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.45% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.26% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 12.12% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.28% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 17.33% | -1.55% |
FUSD.L vs. VWCE.DE - Expense Ratio Comparison
FUSD.L has a 0.25% expense ratio, which is higher than VWCE.DE's 0.19% 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%.
Dividends
FUSD.L vs. VWCE.DE - Dividend Comparison
FUSD.L's dividend yield for the trailing twelve months is around 1.42%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FUSD.L and VWCE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for FUSD.L.
FUSD.L is categorized as Large Cap Blend Equities, while VWCE.DE is Global Equities. FUSD.L tracks Fidelity US Quality Income Index NR, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.25% for FUSD.L and 0.19% for VWCE.DE.
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