IMID.L vs. FGQD.L
Compare and contrast key facts about SPDR MSCI ACWI IMI (IMID.L) and Fidelity Global Quality Income ETF (FGQD.L).
IMID.L and FGQD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMID.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. FGQD.L is a passively managed fund by Fidelity that tracks the performance of the Fidelity Global Quality Income index. It was launched on Mar 27, 2017. Both IMID.L and FGQD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMID.L or FGQD.L.
Key characteristics
| IMID.L | FGQD.L | |
|---|---|---|
| YTD Return | 13.78% | 8.97% |
| 1Y Return | 21.53% | 14.16% |
| 3Y Return (Ann) | 5.33% | 9.53% |
| 5Y Return (Ann) | 10.90% | 10.11% |
| Sharpe Ratio | 1.78 | 1.45 |
| Daily Std Dev | 12.32% | 9.97% |
| Max Drawdown | -39.56% | -26.43% |
| Current Drawdown | -0.67% | -1.64% |
Correlation
The correlation between IMID.L and FGQD.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IMID.L vs. FGQD.L - Performance Comparison
In the year-to-date period, IMID.L achieves a 13.78% return, which is significantly higher than FGQD.L's 8.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMID.L vs. FGQD.L - Expense Ratio Comparison
Both IMID.L and FGQD.L have an expense ratio of 0.40%.
Risk-Adjusted Performance
IMID.L vs. FGQD.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI (IMID.L) and Fidelity Global Quality Income ETF (FGQD.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.
Dividends
IMID.L vs. FGQD.L - Dividend Comparison
IMID.L has not paid dividends to shareholders, while FGQD.L's dividend yield for the trailing twelve months is around 2.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
IMID.L SPDR MSCI ACWI IMI | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGQD.L Fidelity Global Quality Income ETF | 2.32% | 2.78% | 2.69% | 2.46% | 2.60% | 2.44% | 2.70% | 1.56% |
Drawdowns
IMID.L vs. FGQD.L - Drawdown Comparison
The maximum IMID.L drawdown since its inception was -39.56%, which is greater than FGQD.L's maximum drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for IMID.L and FGQD.L. For additional features, visit the drawdowns tool.
Volatility
IMID.L vs. FGQD.L - Volatility Comparison
SPDR MSCI ACWI IMI (IMID.L) and Fidelity Global Quality Income ETF (FGQD.L) have volatilities of 3.96% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.