LGUS.L vs. FUQA.L
LGUS.L (L&G US Equity UCITS ETF USD (Acc)) and FUQA.L (Fidelity US Quality Income ETF Acc) are both Large Cap Blend Equities funds - LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR while FUQA.L tracks the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, LGUS.L returned 12.54%/yr vs 11.82%/yr for FUQA.L. Their correlation of 0.84 suggests significant overlap in exposure. LGUS.L charges 0.05%/yr vs 0.25%/yr for FUQA.L.
Performance
LGUS.L vs. FUQA.L - Performance Comparison
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Different Trading Currencies
LGUS.L 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, LGUS.L achieves a 9.01% return, which is significantly lower than FUQA.L's 9.67% return.
LGUS.L
- 1D
- -1.30%
- 1M
- -0.36%
- 6M
- 8.07%
- YTD
- 9.01%
- 1Y
- 19.79%
- 3Y*
- 19.73%
- 5Y*
- 12.54%
- 10Y*
- —
FUQA.L
- 1D
- -0.80%
- 1M
- 2.14%
- 6M
- 8.41%
- YTD
- 9.67%
- 1Y
- 20.51%
- 3Y*
- 16.63%
- 5Y*
- 11.82%
- 10Y*
- —
LGUS.L vs. FUQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGUS.L L&G US Equity UCITS ETF USD (Acc) | 9.01% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
FUQA.L Fidelity US Quality Income ETF Acc | 9.67% | 16.75% | 17.51% | 17.75% | -10.69% | 26.66% | 11.54% | 32.33% | -9.55% |
Correlation
The correlation between LGUS.L and FUQA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.84 |
The correlation between LGUS.L and FUQA.L has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
LGUS.L vs. FUQA.L — Risk / Return Rank
LGUS.L
FUQA.L
LGUS.L vs. FUQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G US Equity UCITS ETF USD (Acc) (LGUS.L) 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.
| LGUS.L | FUQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.56 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.84 | 11.21 | -2.36 |
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Drawdowns
LGUS.L vs. FUQA.L - Drawdown Comparison
The maximum LGUS.L drawdown since its inception was -34.26%, roughly equal to the maximum FUQA.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for LGUS.L and FUQA.L.
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Drawdown Indicators
| LGUS.L | FUQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -35.38% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -7.97% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -19.14% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -20.19% | -5.45% |
Current DrawdownCurrent decline from peak | -1.69% | -0.80% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -6.76% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.83% | +0.40% |
Volatility
LGUS.L vs. FUQA.L - Volatility Comparison
L&G US Equity UCITS ETF USD (Acc) (LGUS.L) has a higher volatility of 3.15% compared to Fidelity US Quality Income ETF Acc (FUQA.L) at 2.57%. This indicates that LGUS.L'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.
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Volatility by Period
| LGUS.L | FUQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.57% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 7.54% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 10.04% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 19.97% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 22.99% | -4.89% |
LGUS.L vs. FUQA.L - Expense Ratio Comparison
LGUS.L has a 0.05% expense ratio, which is lower than FUQA.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
LGUS.L vs. FUQA.L - Dividend Comparison
Neither LGUS.L nor FUQA.L has paid dividends to shareholders.
Frequently Asked Questions
LGUS.L and FUQA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.25% for FUQA.L.
LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR, while FUQA.L tracks Fidelity US Quality Income Index. They also come from different issuers: L&G and Fidelity. Their fees differ too: 0.05% for LGUS.L and 0.25% for FUQA.L.
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