FUSS.L vs. LGUG.L
FUSS.L (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Fidelity and Legal & General respectively. Both are passively managed. Over the past 5 years, FUSS.L returned 14.92%/yr vs 14.90%/yr for LGUG.L. Their correlation of 0.91 suggests significant overlap in exposure. FUSS.L charges 0.30%/yr vs 0.05%/yr for LGUG.L.
Performance
FUSS.L vs. LGUG.L - Performance Comparison
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Different Trading Currencies
FUSS.L is traded in GBP, while LGUG.L is traded in GBp. To make them comparable, the LGUG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with FUSS.L having a 10.18% return and LGUG.L slightly higher at 10.49%.
FUSS.L
- 1D
- 0.21%
- 1M
- 4.74%
- YTD
- 10.18%
- 6M
- 9.82%
- 1Y
- 29.98%
- 3Y*
- 19.64%
- 5Y*
- 14.92%
- 10Y*
- —
LGUG.L
- 1D
- -0.07%
- 1M
- 5.71%
- YTD
- 10.49%
- 6M
- 10.18%
- 1Y
- 28.95%
- 3Y*
- 19.37%
- 5Y*
- 14.90%
- 10Y*
- —
FUSS.L vs. LGUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc | 10.18% | 9.84% | 28.34% | 22.30% | -11.83% | 28.45% | 13.81% |
LGUG.L L&G US Equity UCITS ETF | 10.49% | 9.75% | 27.44% | 21.53% | -10.98% | 29.52% | 15.28% |
Correlation
The correlation between FUSS.L and LGUG.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.91 |
The correlation between FUSS.L and LGUG.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
FUSS.L vs. LGUG.L — Risk / Return Rank
FUSS.L
LGUG.L
FUSS.L vs. LGUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) and L&G US Equity UCITS ETF (LGUG.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.
| FUSS.L | LGUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.50 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.60 | +0.02 |
| Martin ratioReturn relative to average drawdown | 12.87 | 12.19 | +0.68 |
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
| FUSS.L | LGUG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.66 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.03 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.20 | -0.14 |
Drawdowns
FUSS.L vs. LGUG.L - Drawdown Comparison
The maximum FUSS.L drawdown since its inception was -22.18%, smaller than the maximum LGUG.L drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for FUSS.L and LGUG.L.
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Drawdown Indicators
| FUSS.L | LGUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -24.75% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -8.01% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.18% | -21.49% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -22.18% | -21.49% | -0.69% |
Current DrawdownCurrent decline from peak | -0.02% | -0.30% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -3.78% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.37% | -0.05% |
Volatility
FUSS.L vs. LGUG.L - Volatility Comparison
The current volatility for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) is 2.62%, while L&G US Equity UCITS ETF (LGUG.L) has a volatility of 2.89%. This indicates that FUSS.L experiences smaller price fluctuations and is considered to be less risky than LGUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSS.L | LGUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.89% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 7.56% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 10.83% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 14.84% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 17.37% | -2.20% |
FUSS.L vs. LGUG.L - Expense Ratio Comparison
FUSS.L has a 0.30% expense ratio, which is higher than LGUG.L's 0.05% expense ratio.
Dividends
FUSS.L vs. LGUG.L - Dividend Comparison
Neither FUSS.L nor LGUG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, FUSS.L and LGUG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LGUG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.30% for FUSS.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: Fidelity and Legal & General. Their fees differ too: 0.30% for FUSS.L and 0.05% for LGUG.L.
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