IEDY.L vs. FUSD.L
IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and FUSD.L (Fidelity US Quality Income UCITS ETF Income USD Shares) are both Dividend funds - IEDY.L tracks the Dow Jones Emerging Markets Select Dividend Index (USD) CLOSE NTR while FUSD.L tracks the Fidelity US Quality Income Index NR. Both are passively managed. Over the past 5 years, IEDY.L returned 4.73%/yr vs 12.01%/yr for FUSD.L. A 0.57 correlation means they provide meaningful diversification when combined. IEDY.L charges 0.65%/yr vs 0.25%/yr for FUSD.L.
Performance
IEDY.L vs. FUSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEDY.L achieves a 8.81% return, which is significantly lower than FUSD.L's 9.61% return.
IEDY.L
- 1D
- -0.48%
- 1M
- -1.73%
- 6M
- 4.81%
- YTD
- 8.81%
- 1Y
- 21.22%
- 3Y*
- 18.40%
- 5Y*
- 4.73%
- 10Y*
- 6.34%
FUSD.L
- 1D
- -0.74%
- 1M
- 1.51%
- 6M
- 8.39%
- YTD
- 9.61%
- 1Y
- 20.50%
- 3Y*
- 16.96%
- 5Y*
- 12.01%
- 10Y*
- —
IEDY.L vs. FUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 8.81% | 27.60% | 7.02% | 19.23% | -30.77% | 11.02% | -2.56% | 13.94% | -5.15% | 8.94% |
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 9.61% | 16.47% | 18.77% | 18.47% | -10.57% | 26.18% | 11.83% | 31.49% | -4.53% | 16.59% |
Correlation
The correlation between IEDY.L and FUSD.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.57 |
The correlation between IEDY.L and FUSD.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
IEDY.L vs. FUSD.L — Risk / Return Rank
IEDY.L
FUSD.L
IEDY.L vs. FUSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) and Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.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.
| IEDY.L | FUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.57 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.85 | 11.07 | -4.22 |
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Drawdowns
IEDY.L vs. FUSD.L - Drawdown Comparison
The maximum IEDY.L drawdown since its inception was -48.42%, which is greater than FUSD.L's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for IEDY.L and FUSD.L.
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Drawdown Indicators
| IEDY.L | FUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -35.89% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -7.94% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -17.60% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -41.24% | -19.33% | -21.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | — | — |
Current DrawdownCurrent decline from peak | -5.65% | -0.74% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -3.82% | -11.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.85% | +1.24% |
Volatility
IEDY.L vs. FUSD.L - Volatility Comparison
iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) has a higher volatility of 3.69% compared to Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) at 2.47%. This indicates that IEDY.L's price experiences larger fluctuations and is considered to be riskier than FUSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEDY.L | FUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.47% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 8.18% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 10.53% | +3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 14.65% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 15.70% | +2.66% |
IEDY.L vs. FUSD.L - Expense Ratio Comparison
IEDY.L has a 0.65% expense ratio, which is higher than FUSD.L's 0.25% expense ratio.
Dividends
IEDY.L vs. FUSD.L - Dividend Comparison
IEDY.L's dividend yield for the trailing twelve months is around 5.12%, more than FUSD.L's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 1.40% | 1.47% | 2.79% | 2.10% | 2.31% | 2.30% | 2.30% | 1.95% | 2.19% | 1.24% | 0.00% | 0.00% |
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 5.12% | 5.72% | 7.94% | 7.91% | 9.38% | 6.57% | 4.79% | 5.59% | 5.69% | 3.96% | 4.59% | 6.51% |
Frequently Asked Questions
IEDY.L and FUSD.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUSD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUSD.L is cheaper with a 0.25% expense ratio, compared with 0.65% for IEDY.L.
IEDY.L tracks Dow Jones Emerging Markets Select Dividend Index (USD) CLOSE NTR, while FUSD.L tracks Fidelity US Quality Income Index NR. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.65% for IEDY.L and 0.25% for FUSD.L.
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