LGGG.L vs. FUQIX

Last updated Jun 4, 2026

LGGG.L (L&G Global Equity UCITS ETF) and FUQIX (Fidelity SAI U.S. Quality Index Fund) are both funds - LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while FUQIX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, LGGG.L returned 13.21%/yr vs 15.13%/yr for FUQIX. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

LGGG.L vs. FUQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Global Equity UCITS ETF (LGGG.L) and Fidelity SAI U.S. Quality Index Fund (FUQIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, LGGG.L achieves a 10.04% return, which is significantly higher than FUQIX's 6.29% return.

LGGG.L

• 1D: -0.22%
• 1M: 5.41%
• YTD: 10.04%
• 6M: 10.32%
• 1Y: 27.31%
• 3Y*: 18.03%
• 5Y*: 13.21%
• 10Y*: —

FUQIX

• 1D: -0.14%
• 1M: 6.63%
• YTD: 6.29%
• 6M: 5.65%
• 1Y: 20.38%
• 3Y*: 17.42%
• 5Y*: 15.13%
• 10Y*: 16.90%

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

LGGG.L vs. FUQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGGG.L L&G Global Equity UCITS ETF	10.04%	12.92%	21.13%	18.08%	-8.24%	23.53%	12.41%	22.99%	-4.89%
FUQIX Fidelity SAI U.S. Quality Index Fund	6.29%	8.44%	26.50%	23.15%	-8.35%	29.50%	17.13%	29.54%	-6.41%

Correlation

The correlation between LGGG.L and FUQIX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.55

The correlation between LGGG.L and FUQIX has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Return for Risk

LGGG.L vs. FUQIX — Risk / Return Rank

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

LGGG.L

LGGG.L Risk / Return Rank: 81
LGGG.L Sharpe Ratio Rank: 81
LGGG.L Sortino Ratio Rank: 81
LGGG.L Omega Ratio Rank: 83
LGGG.L Calmar Ratio Rank: 79
LGGG.L Martin Ratio Rank: 81

FUQIX

FUQIX Risk / Return Rank: 29
FUQIX Sharpe Ratio Rank: 33
FUQIX Sortino Ratio Rank: 31
FUQIX Omega Ratio Rank: 31
FUQIX Calmar Ratio Rank: 21
FUQIX Martin Ratio Rank: 29

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.

LGGG.L vs. FUQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGG.L) and Fidelity SAI U.S. Quality Index Fund (FUQIX). 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.

	LGGG.L	FUQIX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.74	+0.93
Sortino ratio: Return per unit of downside risk	3.70	2.33	+1.37
Omega ratio: Gain probability vs. loss probability	1.51	1.31	+0.20
Calmar ratio: Return relative to maximum drawdown	4.07	1.82	+2.26
Martin ratio: Return relative to average drawdown	16.22	6.40	+9.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGGG.L vs. FUQIX - Sharpe Ratio Comparison

The current LGGG.L Sharpe Ratio is 2.68, which is higher than the FUQIX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of LGGG.L and FUQIX, 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

	LGGG.L	FUQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.74	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.94	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.92	-0.01

Drawdowns

LGGG.L vs. FUQIX - Drawdown Comparison

The maximum LGGG.L drawdown since its inception was -25.38%, which is greater than FUQIX's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for LGGG.L and FUQIX.

Drawdown Indicators

	LGGG.L	FUQIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.38%	-22.95%	-2.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-11.77%	+5.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.68%	-19.59%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-18.68%	-19.59%	+0.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.95%	—
Current Drawdown Current decline from peak	-0.22%	-0.28%	+0.06%
Average Drawdown Average peak-to-trough decline	-3.22%	-3.35%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	3.33%	-1.65%

Volatility

LGGG.L vs. FUQIX - Volatility Comparison

L&G Global Equity UCITS ETF (LGGG.L) and Fidelity SAI U.S. Quality Index Fund (FUQIX) have volatilities of 2.46% and 2.36%, 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.

Volatility by Period

	LGGG.L	FUQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.36%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	8.95%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	12.26%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	16.25%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	18.48%	-3.39%

LGGG.L vs. FUQIX - Expense Ratio Comparison

Both LGGG.L and FUQIX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LGGG.L vs. FUQIX - Dividend Comparison

LGGG.L has not paid dividends to shareholders, while FUQIX's dividend yield for the trailing twelve months is around 3.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUQIX Fidelity SAI U.S. Quality Index Fund	3.42%	3.63%	12.80%	2.38%	1.42%	8.55%	9.46%	13.68%	2.41%	3.79%	1.57%	0.29%
LGGG.L L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGGG.L and FUQIX in my portfolio?

LGGG.L and FUQIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.