IUMO.L vs. FUSA.L

Last updated Jul 16, 2026

IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) and FUSA.L (Fidelity US Quality Income ETF Acc) are both exchange-traded funds - IUMO.L is a Momentum fund tracking the MSCI USA Momentum Index, while FUSA.L is a Dividend fund tracking the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, IUMO.L returned 13.36%/yr vs 11.79%/yr for FUSA.L. A 0.71 correlation means they provide meaningful diversification when combined. IUMO.L charges 0.20%/yr vs 0.25%/yr for FUSA.L.

Performance

IUMO.L vs. FUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) and Fidelity US Quality Income ETF Acc (FUSA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUMO.L achieves a 25.10% return, which is significantly higher than FUSA.L's 9.77% return.

IUMO.L

• 1D: -3.16%
• 1M: -6.52%
• 6M: 23.61%
• YTD: 25.10%
• 1Y: 33.13%
• 3Y*: 28.15%
• 5Y*: 13.36%
• 10Y*: —

FUSA.L

• 1D: 0.37%
• 1M: 0.99%
• 6M: 9.19%
• YTD: 9.77%
• 1Y: 20.77%
• 3Y*: 16.85%
• 5Y*: 11.79%
• 10Y*: —

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

IUMO.L vs. FUSA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUMO.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc	25.10%	17.16%	32.56%	9.88%	-18.15%	12.60%	29.49%	28.60%	-3.73%	26.61%
FUSA.L Fidelity US Quality Income ETF Acc	9.77%	16.26%	18.00%	18.06%	-10.51%	26.22%	12.02%	31.29%	-3.14%	14.79%

Correlation

The correlation between IUMO.L and FUSA.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.71

The correlation between IUMO.L and FUSA.L shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

IUMO.L vs. FUSA.L - Sectors Allocation Comparison

Sectors	IUMO.L	FUSA.L
Technology	50.0%	37.7%
Industrials	16.5%	8.4%
Energy	7.0%	3.2%
Financial Services	6.4%	11.9%
Communication Services	5.2%	10.2%
Healthcare	4.8%	9.0%
Consumer Defensive	3.3%	4.4%
Consumer Cyclical	2.6%	9.1%
Basic Materials	2.1%	2.1%
Utilities	1.1%	2.0%
Real Estate	1.0%	2.0%

Return for Risk

IUMO.L vs. FUSA.L — Risk / Return Rank

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

IUMO.L

IUMO.L Risk / Return Rank: 60
IUMO.L Sharpe Ratio Rank: 51
IUMO.L Sortino Ratio Rank: 52
IUMO.L Omega Ratio Rank: 52
IUMO.L Calmar Ratio Rank: 75
IUMO.L Martin Ratio Rank: 70

FUSA.L

FUSA.L Risk / Return Rank: 74
FUSA.L Sharpe Ratio Rank: 75
FUSA.L Sortino Ratio Rank: 83
FUSA.L Omega Ratio Rank: 74
FUSA.L Calmar Ratio Rank: 63
FUSA.L Martin Ratio Rank: 74

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.

IUMO.L vs. FUSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) and Fidelity US Quality Income ETF Acc (FUSA.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.

	IUMO.L	FUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.92	-0.49
Sortino ratio: Return per unit of downside risk	2.08	2.96	-0.88
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	3.10	2.54	+0.56
Martin ratio: Return relative to average drawdown	10.25	10.89	-0.64

IUMO.L vs. FUSA.L - Sharpe Ratio Comparison

The current IUMO.L Sharpe Ratio is 1.43, which is comparable to the FUSA.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of IUMO.L and FUSA.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

IUMO.L vs. FUSA.L - Drawdown Comparison

The maximum IUMO.L drawdown since its inception was -33.75%, smaller than the maximum FUSA.L drawdown of -35.84%. Use the drawdown chart below to compare losses from any high point for IUMO.L and FUSA.L.

Drawdown Indicators

	IUMO.L	FUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.75%	-35.84%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-8.13%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-20.99%	-17.92%	-3.07%
Max Drawdown (5Y) Largest decline over 5 years	-31.90%	-19.37%	-12.53%
Current Drawdown Current decline from peak	-9.51%	0.00%	-9.51%
Average Drawdown Average peak-to-trough decline	-7.57%	-3.70%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	1.90%	+1.32%

Volatility

IUMO.L vs. FUSA.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a higher volatility of 11.50% compared to Fidelity US Quality Income ETF Acc (FUSA.L) at 2.59%. This indicates that IUMO.L's price experiences larger fluctuations and is considered to be riskier than FUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUMO.L	FUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.50%	2.59%	+8.91%
Volatility (6M) Calculated over the trailing 6-month period	20.65%	8.19%	+12.46%
Volatility (1Y) Calculated over the trailing 1-year period	23.09%	10.78%	+12.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	14.79%	+5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	15.70%	+3.92%

IUMO.L vs. FUSA.L - Expense Ratio Comparison

IUMO.L has a 0.20% expense ratio, which is lower than FUSA.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUMO.L vs. FUSA.L - Dividend Comparison

Neither IUMO.L nor FUSA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUMO.L and FUSA.L in my portfolio?

IUMO.L and FUSA.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUMO.L or FUSA.L?

On fees, IUMO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUMO.L or FUSA.L?

IUMO.L is cheaper with a 0.20% expense ratio, compared with 0.25% for FUSA.L.

What is the main difference between IUMO.L and FUSA.L?

IUMO.L is categorized as Momentum, while FUSA.L is Dividend. IUMO.L tracks MSCI USA Momentum Index, while FUSA.L tracks Fidelity US Quality Income Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.20% for IUMO.L and 0.25% for FUSA.L.