IUKD.L vs. FGQD.L

Last updated Jun 5, 2026

IUKD.L (iShares UK Dividend UCITS ETF) and FGQD.L (Fidelity Global Quality Income ETF) are both exchange-traded funds - IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index, while FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, IUKD.L returned 11.88%/yr vs 11.86%/yr for FGQD.L. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

IUKD.L vs. FGQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Dividend UCITS ETF (IUKD.L) and Fidelity Global Quality Income ETF (FGQD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly lower than FGQD.L's 10.28% return.

IUKD.L

• 1D: 0.49%
• 1M: 1.90%
• YTD: 7.22%
• 6M: 9.76%
• 1Y: 24.68%
• 3Y*: 18.89%
• 5Y*: 11.88%
• 10Y*: 7.03%

FGQD.L

• 1D: 0.18%
• 1M: 4.38%
• YTD: 10.28%
• 6M: 10.17%
• 1Y: 26.89%
• 3Y*: 14.75%
• 5Y*: 11.86%
• 10Y*: —

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

IUKD.L vs. FGQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUKD.L iShares UK Dividend UCITS ETF	7.22%	32.12%	12.27%	5.81%	-1.44%	23.43%	-17.92%	18.86%	-14.11%	2.48%
FGQD.L Fidelity Global Quality Income ETF	10.28%	11.78%	13.21%	11.51%	-0.25%	23.78%	6.42%	23.83%	-2.30%	7.82%

Correlation

The correlation between IUKD.L and FGQD.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.51

The correlation between IUKD.L and FGQD.L has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

IUKD.L vs. FGQD.L - Sectors Allocation Comparison

Sectors	IUKD.L	FGQD.L
Financial Services	41.6%	15.9%
Consumer Defensive	15.0%	4.7%
Energy	10.0%	3.9%
Real Estate	7.8%	1.9%
Utilities	7.8%	2.5%
Communication Services	6.1%	8.4%
Basic Materials	4.8%	3.0%
Consumer Cyclical	4.3%	8.6%
Healthcare	2.5%	8.8%
Industrials	-	11.7%
Technology	-	30.7%

Return for Risk

IUKD.L vs. FGQD.L — Risk / Return Rank

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

IUKD.L

IUKD.L Risk / Return Rank: 61
IUKD.L Sharpe Ratio Rank: 67
IUKD.L Sortino Ratio Rank: 65
IUKD.L Omega Ratio Rank: 70
IUKD.L Calmar Ratio Rank: 51
IUKD.L Martin Ratio Rank: 53

FGQD.L

FGQD.L Risk / Return Rank: 86
FGQD.L Sharpe Ratio Rank: 89
FGQD.L Sortino Ratio Rank: 89
FGQD.L Omega Ratio Rank: 90
FGQD.L Calmar Ratio Rank: 77
FGQD.L Martin Ratio Rank: 83

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.

IUKD.L vs. FGQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.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.

	IUKD.L	FGQD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.19	3.01	-0.82
Sortino ratio: Return per unit of downside risk	2.96	4.09	-1.13
Omega ratio: Gain probability vs. loss probability	1.41	1.58	-0.17
Calmar ratio: Return relative to maximum drawdown	2.48	3.86	-1.39
Martin ratio: Return relative to average drawdown	8.97	16.82	-7.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUKD.L vs. FGQD.L - Sharpe Ratio Comparison

The current IUKD.L Sharpe Ratio is 2.19, which is comparable to the FGQD.L Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of IUKD.L and FGQD.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.

Sharpe Ratios by Period

	IUKD.L	FGQD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	3.01	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.98	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.87	-0.58

Drawdowns

IUKD.L vs. FGQD.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.95%, 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 IUKD.L and FGQD.L.

Drawdown Indicators

	IUKD.L	FGQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-61.95%	-26.43%	-35.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-6.93%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-10.52%	-16.90%	+6.38%
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	-16.90%	-3.03%
Max Drawdown (10Y) Largest decline over 10 years	-44.34%	—	—
Current Drawdown Current decline from peak	-3.39%	0.00%	-3.39%
Average Drawdown Average peak-to-trough decline	-14.97%	-2.90%	-12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.59%	+1.15%

Volatility

IUKD.L vs. FGQD.L - Volatility Comparison

iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.72% compared to Fidelity Global Quality Income ETF (FGQD.L) at 1.88%. This indicates that IUKD.L's price experiences larger fluctuations and is considered to be riskier than FGQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUKD.L	FGQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	1.88%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	6.37%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	8.89%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	12.07%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	14.61%	+2.61%

IUKD.L vs. FGQD.L - Expense Ratio Comparison

Both IUKD.L and FGQD.L have an expense ratio of 0.40%.

Dividends

IUKD.L vs. FGQD.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.53%, more than FGQD.L's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGQD.L Fidelity Global Quality Income ETF	1.81%	1.87%	2.31%	2.78%	2.69%	2.46%	2.60%	2.44%	2.70%	1.56%	0.00%	0.00%
IUKD.L iShares UK Dividend UCITS ETF	4.53%	4.85%	5.78%	5.34%	6.39%	5.68%	4.11%	5.70%	6.86%	5.19%	4.87%	5.67%

Frequently Asked Questions

Can I hold both IUKD.L and FGQD.L in my portfolio?

IUKD.L and FGQD.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUKD.L or FGQD.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUKD.L or FGQD.L?

IUKD.L and FGQD.L have the same expense ratio: 0.40% per year.

What is the main difference between IUKD.L and FGQD.L?

IUKD.L is categorized as Dividend, while FGQD.L is Global Equities. IUKD.L tracks FTSE UK Dividend+ Index, while FGQD.L tracks Fidelity Global Quality Income index. They also come from different issuers: iShares and Fidelity.