MIVU.DE vs. FGQD.L

Last updated Jun 16, 2026

MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and FGQD.L (Fidelity Global Quality Income ETF) are both exchange-traded funds - MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility, while FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.00%/yr vs 11.67%/yr for FGQD.L. A 0.71 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.40%/yr for FGQD.L.

Performance

MIVU.DE vs. FGQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) and Fidelity Global Quality Income ETF (FGQD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MIVU.DE is traded in EUR, while FGQD.L is traded in GBp. To make them comparable, the FGQD.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MIVU.DE achieves a 3.30% return, which is significantly lower than FGQD.L's 11.85% return.

MIVU.DE

• 1D: 0.49%
• 1M: 1.92%
• YTD: 3.30%
• 6M: 4.32%
• 1Y: 4.43%
• 3Y*: 8.39%
• 5Y*: 8.00%
• 10Y*: —

FGQD.L

• 1D: 0.84%
• 1M: 3.73%
• YTD: 11.85%
• 6M: 12.72%
• 1Y: 25.62%
• 3Y*: 14.61%
• 5Y*: 11.67%
• 10Y*: —

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

MIVU.DE vs. FGQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF	3.30%	-3.87%	22.89%	5.36%	-4.28%	31.88%	-5.36%	30.00%	-5.89%
FGQD.L Fidelity Global Quality Income ETF	11.85%	6.30%	18.68%	13.87%	-5.39%	31.83%	0.64%	31.71%	-10.39%

Correlation

The correlation between MIVU.DE and FGQD.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018	0.71

Over the past year, the correlation between MIVU.DE and FGQD.L has dropped to 0.43 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

MIVU.DE vs. FGQD.L — Risk / Return Rank

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

MIVU.DE

MIVU.DE Risk / Return Rank: 18
MIVU.DE Sharpe Ratio Rank: 17
MIVU.DE Sortino Ratio Rank: 15
MIVU.DE Omega Ratio Rank: 15
MIVU.DE Calmar Ratio Rank: 21
MIVU.DE Martin Ratio Rank: 20

FGQD.L

FGQD.L Risk / Return Rank: 88
FGQD.L Sharpe Ratio Rank: 91
FGQD.L Sortino Ratio Rank: 91
FGQD.L Omega Ratio Rank: 90
FGQD.L Calmar Ratio Rank: 79
FGQD.L Martin Ratio Rank: 87

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.

MIVU.DE vs. FGQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) 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.

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.

	MIVU.DE	FGQD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.44	-1.94
Sortino ratio: Return per unit of downside risk	0.75	3.46	-2.72
Omega ratio: Gain probability vs. loss probability	1.09	1.45	-0.36
Calmar ratio: Return relative to maximum drawdown	0.91	3.84	-2.92
Martin ratio: Return relative to average drawdown	2.24	17.82	-15.58

MIVU.DE vs. FGQD.L - Sharpe Ratio Comparison

The current MIVU.DE Sharpe Ratio is 0.49, which is lower than the FGQD.L Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of MIVU.DE 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.

Drawdowns

MIVU.DE vs. FGQD.L - Drawdown Comparison

The maximum MIVU.DE drawdown since its inception was -32.68%, roughly equal to the maximum FGQD.L drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and FGQD.L.

Drawdown Indicators

	MIVU.DE	FGQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.68%	-33.91%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.83%	-6.65%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.89%	-19.10%	+4.21%
Max Drawdown (5Y) Largest decline over 5 years	-14.89%	-19.10%	+4.21%
Current Drawdown Current decline from peak	-6.30%	0.00%	-6.30%
Average Drawdown Average peak-to-trough decline	-6.16%	-7.31%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.43%	+0.54%

Volatility

MIVU.DE vs. FGQD.L - Volatility Comparison

The current volatility for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) is 2.63%, while Fidelity Global Quality Income ETF (FGQD.L) has a volatility of 2.99%. This indicates that MIVU.DE experiences smaller price fluctuations and is considered to be less risky than FGQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIVU.DE	FGQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.99%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	6.10%	7.69%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	10.50%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	13.08%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	16.24%	-2.29%

MIVU.DE vs. FGQD.L - Expense Ratio Comparison

MIVU.DE has a 0.18% expense ratio, which is lower than FGQD.L's 0.40% expense ratio.

Dividends

MIVU.DE vs. FGQD.L - Dividend Comparison

MIVU.DE has not paid dividends to shareholders, while FGQD.L's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGQD.L Fidelity Global Quality Income ETF	1.80%	1.86%	2.31%	2.78%	2.70%	2.46%	2.60%	2.44%	2.70%	1.10%
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF	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 MIVU.DE and FGQD.L in my portfolio?

MIVU.DE and FGQD.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIVU.DE or FGQD.L?

On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIVU.DE or FGQD.L?

MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for FGQD.L.

What is the main difference between MIVU.DE and FGQD.L?

MIVU.DE is categorized as Large Cap Blend Equities, while FGQD.L is Global Equities. MIVU.DE tracks MSCI USA Minimum Volatility, while FGQD.L tracks Fidelity Global Quality Income index. They also come from different issuers: Amundi and Fidelity. Their fees differ too: 0.18% for MIVU.DE and 0.40% for FGQD.L.