SPYD.DE vs. FUSD.L

Last updated Jul 18, 2026

SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and FUSD.L (Fidelity US Quality Income UCITS ETF Income USD Shares) are both Dividend funds - SPYD.DE tracks the S&P High Yield Dividend Aristocrats Index while FUSD.L tracks the Fidelity US Quality Income Index NR. Both are passively managed. Over the past 5 years, SPYD.DE returned 7.89%/yr vs 12.72%/yr for FUSD.L. A 0.73 correlation means they provide meaningful diversification when combined. SPYD.DE charges 0.35%/yr vs 0.25%/yr for FUSD.L.

Performance

SPYD.DE vs. FUSD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) and Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SPYD.DE achieves a 15.34% return, which is significantly higher than FUSD.L's 12.56% return.

SPYD.DE

• 1D: 0.35%
• 1M: 4.14%
• 6M: 9.13%
• YTD: 15.34%
• 1Y: 16.70%
• 3Y*: 9.44%
• 5Y*: 7.89%
• 10Y*: 8.39%

FUSD.L

• 1D: -0.70%
• 1M: 2.07%
• 6M: 9.91%
• YTD: 12.56%
• 1Y: 22.14%
• 3Y*: 16.25%
• 5Y*: 12.72%
• 10Y*: —

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

SPYD.DE vs. FUSD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)	15.34%	-3.53%	14.02%	-1.46%	5.40%	36.24%	-8.60%	25.98%	0.02%	1.09%
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares	12.56%	2.65%	26.61%	14.92%	-5.03%	35.62%	2.61%	34.46%	-0.04%	5.52%

Correlation

The correlation between SPYD.DE and FUSD.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.73

Over the past year, the correlation between SPYD.DE and FUSD.L has dropped to 0.44 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

SPYD.DE vs. FUSD.L — Risk / Return Rank

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

SPYD.DE

SPYD.DE Risk / Return Rank: 66
SPYD.DE Sharpe Ratio Rank: 69
SPYD.DE Sortino Ratio Rank: 71
SPYD.DE Omega Ratio Rank: 63
SPYD.DE Calmar Ratio Rank: 72
SPYD.DE Martin Ratio Rank: 54

FUSD.L

FUSD.L Risk / Return Rank: 75
FUSD.L Sharpe Ratio Rank: 76
FUSD.L Sortino Ratio Rank: 84
FUSD.L Omega Ratio Rank: 75
FUSD.L Calmar Ratio Rank: 65
FUSD.L Martin Ratio Rank: 76

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.

SPYD.DE vs. FUSD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) and Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.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.

	SPYD.DE	FUSD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.99	-0.30
Sortino ratio: Return per unit of downside risk	2.44	2.87	-0.42
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.70	4.14	-1.44
Martin ratio: Return relative to average drawdown	6.94	15.67	-8.73

SPYD.DE vs. FUSD.L - Sharpe Ratio Comparison

The current SPYD.DE Sharpe Ratio is 1.68, which is comparable to the FUSD.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of SPYD.DE and FUSD.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

SPYD.DE vs. FUSD.L - Drawdown Comparison

The maximum SPYD.DE drawdown since its inception was -35.89%, roughly equal to the maximum FUSD.L drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and FUSD.L.

Drawdown Indicators

	SPYD.DE	FUSD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.89%	-35.23%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-5.32%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-20.74%	+1.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-20.74%	+1.39%
Max Drawdown (10Y) Largest decline over 10 years	-35.89%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.70%	+0.38%
Average Drawdown Average peak-to-trough decline	-6.55%	-4.35%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	1.41%	+0.99%

Volatility

SPYD.DE vs. FUSD.L - Volatility Comparison

State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) has a higher volatility of 3.24% compared to Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) at 2.66%. This indicates that SPYD.DE's price experiences larger fluctuations and is considered to be riskier than FUSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYD.DE	FUSD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	2.66%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	7.31%	8.22%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	11.16%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	14.67%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	16.03%	-0.19%

SPYD.DE vs. FUSD.L - Expense Ratio Comparison

SPYD.DE has a 0.35% expense ratio, which is higher than FUSD.L's 0.25% expense ratio.

Dividends

SPYD.DE vs. FUSD.L - Dividend Comparison

SPYD.DE's dividend yield for the trailing twelve months is around 1.96%, more than FUSD.L's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares	1.40%	1.47%	2.79%	2.10%	2.31%	2.30%	2.30%	1.95%	2.19%	1.24%	0.00%	0.00%
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)	1.96%	2.23%	1.97%	2.30%	2.16%	2.07%	2.52%	2.01%	1.66%	1.87%	1.74%	2.02%

Frequently Asked Questions

Can I hold both SPYD.DE and FUSD.L in my portfolio?

SPYD.DE and FUSD.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYD.DE or FUSD.L?

On fees, FUSD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYD.DE or FUSD.L?

FUSD.L is cheaper with a 0.25% expense ratio, compared with 0.35% for SPYD.DE.

What is the main difference between SPYD.DE and FUSD.L?

SPYD.DE tracks S&P High Yield Dividend Aristocrats Index, while FUSD.L tracks Fidelity US Quality Income Index NR. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.35% for SPYD.DE and 0.25% for FUSD.L.