HDLV.L vs. FGEQ.DE
HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both exchange-traded funds - HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index, while FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, HDLV.L returned 5.85%/yr vs 10.54%/yr for FGEQ.DE. A 0.62 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.40%/yr for FGEQ.DE.
Performance
HDLV.L vs. FGEQ.DE - Performance Comparison
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Different Trading Currencies
HDLV.L is traded in USD, while FGEQ.DE is traded in EUR. To make them comparable, the FGEQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with HDLV.L having a 8.80% return and FGEQ.DE slightly higher at 9.04%.
HDLV.L
- 1D
- 0.79%
- 1M
- 4.92%
- YTD
- 8.80%
- 6M
- 9.01%
- 1Y
- 12.58%
- 3Y*
- 11.55%
- 5Y*
- 5.85%
- 10Y*
- 7.02%
FGEQ.DE
- 1D
- 1.03%
- 1M
- 2.05%
- YTD
- 9.04%
- 6M
- 9.85%
- 1Y
- 23.81%
- 3Y*
- 16.96%
- 5Y*
- 10.54%
- 10Y*
- —
HDLV.L vs. FGEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 8.80% | 3.58% | 16.39% | 1.20% | 0.44% | 24.81% | -10.91% | 18.81% | -7.12% | 7.55% |
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 9.04% | 21.00% | 11.17% | 17.69% | -11.30% | 22.66% | 9.94% | 28.96% | -7.96% | 7.54% |
Correlation
The correlation between HDLV.L and FGEQ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.62 |
Over the past year, the correlation between HDLV.L and FGEQ.DE has dropped to 0.30 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.L vs. FGEQ.DE — Risk / Return Rank
HDLV.L
FGEQ.DE
HDLV.L vs. FGEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and Fidelity Global Quality Income UCITS ETF Inc (FGEQ.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.
| HDLV.L | FGEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.88 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.02 | 12.09 | -8.07 |
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Drawdowns
HDLV.L vs. FGEQ.DE - Drawdown Comparison
The maximum HDLV.L drawdown since its inception was -41.00%, which is greater than FGEQ.DE's maximum drawdown of -35.02%. Use the drawdown chart below to compare losses from any high point for HDLV.L and FGEQ.DE.
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Drawdown Indicators
| HDLV.L | FGEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -35.02% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -8.24% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -16.17% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.04% | -22.10% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.00% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.55% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -4.71% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 1.96% | +1.16% |
Volatility
HDLV.L vs. FGEQ.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) has a higher volatility of 3.57% compared to Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) at 2.50%. This indicates that HDLV.L's price experiences larger fluctuations and is considered to be riskier than FGEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.L | FGEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 2.50% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 8.55% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 11.07% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 14.42% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 18.90% | -2.73% |
HDLV.L vs. FGEQ.DE - Expense Ratio Comparison
HDLV.L has a 0.30% expense ratio, which is lower than FGEQ.DE's 0.40% expense ratio.
Dividends
HDLV.L vs. FGEQ.DE - Dividend Comparison
HDLV.L's dividend yield for the trailing twelve months is around 3.56%, more than FGEQ.DE's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 1.80% | 1.90% | 2.26% | 2.77% | 2.81% | 2.39% | 2.65% | 2.34% | 2.75% | 1.57% | 0.00% | 0.00% |
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 3.56% | 3.91% | 3.54% | 4.04% | 3.56% | 3.37% | 4.35% | 3.69% | 3.79% | 3.07% | 3.07% | 1.89% |
Frequently Asked Questions
HDLV.L and FGEQ.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.L is cheaper with a 0.30% expense ratio, compared with 0.40% for FGEQ.DE.
HDLV.L is categorized as S&P 500, while FGEQ.DE is Global Equities. HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while FGEQ.DE tracks Fidelity Global Quality Income index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.30% for HDLV.L and 0.40% for FGEQ.DE.
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