IGM vs. FUQA.L

Last updated Jun 16, 2026

IGM (iShares Expanded Tech Sector ETF) and FUQA.L (Fidelity US Quality Income ETF Acc) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while FUQA.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, IGM returned 20.96%/yr vs 12.05%/yr for FUQA.L. At a 0.47 correlation, their price movements are largely independent. IGM charges 0.39%/yr vs 0.25%/yr for FUQA.L.

Performance

IGM vs. FUQA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and Fidelity US Quality Income ETF Acc (FUQA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGM is traded in USD, while FUQA.L is traded in GBp. To make them comparable, the FUQA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGM achieves a 27.92% return, which is significantly higher than FUQA.L's 8.54% return.

IGM

• 1D: 3.64%
• 1M: 7.10%
• YTD: 27.92%
• 6M: 29.29%
• 1Y: 56.16%
• 3Y*: 36.48%
• 5Y*: 20.96%
• 10Y*: 25.12%

FUQA.L

• 1D: 0.96%
• 1M: 2.36%
• YTD: 8.54%
• 6M: 9.09%
• 1Y: 24.03%
• 3Y*: 16.94%
• 5Y*: 12.05%
• 10Y*: —

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

IGM vs. FUQA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGM iShares Expanded Tech Sector ETF	27.92%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	41.81%	2.26%	24.07%
FUQA.L Fidelity US Quality Income ETF Acc	8.54%	16.75%	17.51%	17.75%	-10.69%	26.66%	11.54%	32.33%	-4.62%	-7.43%

Correlation

The correlation between IGM and FUQA.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.47

The correlation between IGM and FUQA.L shifts across timeframes, from 0.47 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.

IGM vs. FUQA.L - Sectors Allocation Comparison

Sectors	IGM	FUQA.L
Technology	85.2%	35.0%
Communication Services	13.9%	10.6%
Industrials	0.3%	8.8%
Financial Services	0.3%	12.6%
Energy	0.2%	3.5%
Consumer Cyclical	0.0%	9.3%
Basic Materials	-	2.2%
Consumer Defensive	-	4.5%
Healthcare	-	9.1%
Real Estate	-	2.1%
Utilities	-	2.3%

Return for Risk

IGM vs. FUQA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGM

IGM Risk / Return Rank: 78
IGM Sharpe Ratio Rank: 87
IGM Sortino Ratio Rank: 79
IGM Omega Ratio Rank: 80
IGM Calmar Ratio Rank: 74
IGM Martin Ratio Rank: 70

FUQA.L

FUQA.L Risk / Return Rank: 87
FUQA.L Sharpe Ratio Rank: 88
FUQA.L Sortino Ratio Rank: 88
FUQA.L Omega Ratio Rank: 88
FUQA.L Calmar Ratio Rank: 84
FUQA.L Martin Ratio Rank: 87

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.

IGM vs. FUQA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and Fidelity US Quality Income ETF Acc (FUQA.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.

	IGM	FUQA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.39	+0.15
Sortino ratio: Return per unit of downside risk	3.13	3.65	-0.52
Omega ratio: Gain probability vs. loss probability	1.42	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	3.43	3.00	+0.43
Martin ratio: Return relative to average drawdown	11.62	13.26	-1.64

IGM vs. FUQA.L - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 2.54, which is comparable to the FUQA.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IGM and FUQA.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

IGM vs. FUQA.L - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than FUQA.L's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for IGM and FUQA.L.

Drawdown Indicators

	IGM	FUQA.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-35.38%	-30.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-7.97%	-8.47%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-19.14%	-7.25%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-20.19%	-20.49%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	—	—
Current Drawdown Current decline from peak	-3.41%	0.00%	-3.41%
Average Drawdown Average peak-to-trough decline	-15.22%	-6.82%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	1.80%	+3.05%

Volatility

IGM vs. FUQA.L - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 10.54% compared to Fidelity US Quality Income ETF Acc (FUQA.L) at 2.60%. This indicates that IGM's price experiences larger fluctuations and is considered to be riskier than FUQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM	FUQA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	2.60%	+7.94%
Volatility (6M) Calculated over the trailing 6-month period	18.42%	7.39%	+11.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	10.02%	+12.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.97%	19.99%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.70%	23.09%	+1.61%

IGM vs. FUQA.L - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is higher than FUQA.L's 0.25% expense ratio.

Dividends

IGM vs. FUQA.L - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.17%, while FUQA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUQA.L Fidelity US Quality Income ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGM iShares Expanded Tech Sector ETF	0.17%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%

Frequently Asked Questions

Can I hold both IGM and FUQA.L in my portfolio?

IGM and FUQA.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGM or FUQA.L?

On fees, FUQA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGM or FUQA.L?

FUQA.L is cheaper with a 0.25% expense ratio, compared with 0.39% for IGM.

What is the main difference between IGM and FUQA.L?

IGM is categorized as Technology Equities, while FUQA.L is Large Cap Blend Equities. IGM tracks S&P North American Expanded Technology Sector Index, while FUQA.L tracks Fidelity US Quality Income Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.39% for IGM and 0.25% for FUQA.L.