FUSD.L vs. XDWH.L

Last updated Jun 13, 2026

FUSD.L (Fidelity US Quality Income ETF Inc) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - FUSD.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index NR, while XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, FUSD.L returned 10.55%/yr vs 4.30%/yr for XDWH.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

FUSD.L vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUSD.L achieves a 7.66% return, which is significantly higher than XDWH.L's -1.63% 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*: —

XDWH.L

• 1D: 0.16%
• 1M: 3.81%
• YTD: -1.63%
• 6M: -0.33%
• 1Y: 10.38%
• 3Y*: 5.82%
• 5Y*: 4.30%
• 10Y*: 8.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUSD.L Fidelity US Quality Income ETF Inc	7.66%	16.47%	15.86%	17.14%	-12.08%	24.36%	10.46%	28.68%	-6.45%	15.03%
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	-1.63%	15.25%	0.75%	3.81%	-5.42%	20.56%	12.88%	22.95%	2.11%	10.60%

Correlation

The correlation between FUSD.L and XDWH.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.69

Over the past year, the correlation between FUSD.L and XDWH.L has dropped to 0.42 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

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

Sectors	FUSD.L	XDWH.L
Technology	35.0%	-
Financial Services	12.6%	-
Communication Services	10.6%	-
Consumer Cyclical	9.3%	-
Healthcare	9.1%	98.8%
Industrials	8.8%	-
Consumer Defensive	4.5%	0.5%
Energy	3.5%	-
Utilities	2.3%	-
Basic Materials	2.2%	-
Real Estate	2.1%	-

Return for Risk

FUSD.L vs. XDWH.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: 74
FUSD.L Sharpe Ratio Rank: 75
FUSD.L Sortino Ratio Rank: 84
FUSD.L Omega Ratio Rank: 74
FUSD.L Calmar Ratio Rank: 64
FUSD.L Martin Ratio Rank: 74

XDWH.L

XDWH.L Risk / Return Rank: 23
XDWH.L Sharpe Ratio Rank: 23
XDWH.L Sortino Ratio Rank: 23
XDWH.L Omega Ratio Rank: 22
XDWH.L Calmar Ratio Rank: 24
XDWH.L Martin Ratio Rank: 22

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. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.L	XDWH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.71	+1.38
Sortino ratio: Return per unit of downside risk	3.28	1.17	+2.11
Omega ratio: Gain probability vs. loss probability	1.38	1.13	+0.25
Calmar ratio: Return relative to maximum drawdown	2.79	0.99	+1.79
Martin ratio: Return relative to average drawdown	12.14	2.48	+9.65

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

The current FUSD.L Sharpe Ratio is 2.09, which is higher than the XDWH.L Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FUSD.L and XDWH.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.

Drawdowns

FUSD.L vs. XDWH.L - Drawdown Comparison

The maximum FUSD.L drawdown since its inception was -35.98%, which is greater than XDWH.L's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for FUSD.L and XDWH.L.

Drawdown Indicators

	FUSD.L	XDWH.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.98%	-26.24%	-9.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-10.39%	+2.45%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	-19.27%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.25%	-19.27%	-0.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.24%	—
Current Drawdown Current decline from peak	-0.53%	-4.75%	+4.22%
Average Drawdown Average peak-to-trough decline	-4.19%	-4.80%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	4.15%	-2.32%

Volatility

FUSD.L vs. XDWH.L - Volatility Comparison

The current volatility for Fidelity US Quality Income ETF Inc (FUSD.L) is 3.41%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a volatility of 4.64%. This indicates that FUSD.L experiences smaller price fluctuations and is considered to be less risky than XDWH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUSD.L	XDWH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.64%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	10.77%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	14.59%	-4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	14.16%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	14.97%	+0.83%

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

Both FUSD.L and XDWH.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. XDWH.L - Dividend Comparison

FUSD.L's dividend yield for the trailing twelve months is around 1.43%, while XDWH.L 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%
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FUSD.L and XDWH.L in my portfolio?

FUSD.L and XDWH.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUSD.L or XDWH.L?

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

Which ETF is cheaper, FUSD.L or XDWH.L?

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

What is the main difference between FUSD.L and XDWH.L?

FUSD.L is categorized as Large Cap Blend Equities, while XDWH.L is Health & Biotech Equities. FUSD.L tracks Fidelity US Quality Income Index NR, while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: Fidelity and Xtrackers.