MIVU.DE vs. FUQA.L
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and FUQA.L (Fidelity US Quality Income ETF Acc) are both Large Cap Blend Equities funds - MIVU.DE tracks the MSCI USA Minimum Volatility while FUQA.L tracks the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.00%/yr vs 12.81%/yr for FUQA.L. A 0.75 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.25%/yr for FUQA.L.
Performance
MIVU.DE vs. FUQA.L - Performance Comparison
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Different Trading Currencies
MIVU.DE is traded in EUR, while FUQA.L is traded in GBp. To make them comparable, the FUQA.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 FUQA.L's 9.96% 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*
- —
FUQA.L
- 1D
- 0.74%
- 1M
- 2.66%
- YTD
- 9.96%
- 6M
- 10.59%
- 1Y
- 23.57%
- 3Y*
- 14.69%
- 5Y*
- 12.81%
- 10Y*
- —
MIVU.DE vs. FUQA.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% |
FUQA.L Fidelity US Quality Income ETF Acc | 9.96% | 2.89% | 25.27% | 14.22% | -5.16% | 36.13% | 2.35% | 35.32% | -10.13% |
Correlation
The correlation between MIVU.DE and FUQA.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.75 |
Over the past year, the correlation between MIVU.DE and FUQA.L has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. FUQA.L — Risk / Return Rank
MIVU.DE
FUQA.L
MIVU.DE vs. FUQA.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 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.
| MIVU.DE | FUQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.45 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 4.17 | -3.26 |
| Martin ratioReturn relative to average drawdown | 2.24 | 16.84 | -14.60 |
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Drawdowns
MIVU.DE vs. FUQA.L - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.68%, smaller than the maximum FUQA.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and FUQA.L.
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Drawdown Indicators
| MIVU.DE | FUQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -34.71% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -5.62% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -20.73% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -20.73% | +5.84% |
Current DrawdownCurrent decline from peak | -6.30% | 0.00% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -7.93% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.40% | +0.57% |
Volatility
MIVU.DE vs. FUQA.L - Volatility Comparison
Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) has a higher volatility of 2.63% compared to Fidelity US Quality Income ETF Acc (FUQA.L) at 2.42%. This indicates that MIVU.DE'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
| MIVU.DE | FUQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.42% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 6.72% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.98% | 10.01% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 19.67% | -7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 23.12% | -9.17% |
MIVU.DE vs. FUQA.L - Expense Ratio Comparison
MIVU.DE has a 0.18% 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
MIVU.DE vs. FUQA.L - Dividend Comparison
Neither MIVU.DE nor FUQA.L has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and FUQA.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for FUQA.L.
MIVU.DE tracks MSCI USA Minimum Volatility, while FUQA.L tracks Fidelity US Quality Income Index. They also come from different issuers: Amundi and Fidelity. Their fees differ too: 0.18% for MIVU.DE and 0.25% for FUQA.L.
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