UQLT.L vs. FEXU.L
UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both Large Cap Blend Equities funds - UQLT.L tracks the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index while FEXU.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, UQLT.L returned 14.42%/yr vs 12.05%/yr for FEXU.L. A 0.66 correlation means they provide meaningful diversification when combined. UQLT.L charges 0.28%/yr vs 0.75%/yr for FEXU.L.
Performance
UQLT.L vs. FEXU.L - Performance Comparison
Loading charts...
Different Trading Currencies
UQLT.L is traded in GBp, while FEXU.L is traded in USD. To make them comparable, the FEXU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UQLT.L achieves a 10.15% return, which is significantly lower than FEXU.L's 13.92% return. Over the past 10 years, UQLT.L has outperformed FEXU.L with an annualized return of 14.42%, while FEXU.L has yielded a comparatively lower 12.05% annualized return.
UQLT.L
- 1D
- -0.84%
- 1M
- 0.58%
- 6M
- 8.77%
- YTD
- 10.15%
- 1Y
- 23.33%
- 3Y*
- 18.68%
- 5Y*
- 11.21%
- 10Y*
- 14.42%
FEXU.L
- 1D
- -0.16%
- 1M
- -3.53%
- 6M
- 9.45%
- YTD
- 13.92%
- 1Y
- 22.78%
- 3Y*
- 15.94%
- 5Y*
- 11.32%
- 10Y*
- 12.05%
UQLT.L vs. FEXU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 10.15% | 17.64% | 20.58% | 33.76% | -25.29% | 27.69% | 19.02% | 34.52% | -6.09% | 23.49% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.92% | 7.02% | 18.72% | 8.93% | -1.84% | 28.02% | 10.19% | 21.28% | -5.75% | 11.04% |
Correlation
The correlation between UQLT.L and FEXU.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2016 | 0.66 |
The correlation between UQLT.L and FEXU.L has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UQLT.L vs. FEXU.L — Risk / Return Rank
UQLT.L
FEXU.L
UQLT.L vs. FEXU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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.
| UQLT.L | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.58 | -2.58 |
| Martin ratioReturn relative to average drawdown | 8.36 | 13.54 | -5.18 |
Loading charts...
Drawdowns
UQLT.L vs. FEXU.L - Drawdown Comparison
The maximum UQLT.L drawdown since its inception was -33.41%, roughly equal to the maximum FEXU.L drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for UQLT.L and FEXU.L.
Loading charts...
Drawdown Indicators
| UQLT.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -32.12% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -4.95% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.34% | -21.55% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -21.55% | -9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -32.12% | -1.29% |
Current DrawdownCurrent decline from peak | -0.84% | -4.56% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -4.16% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.68% | +1.10% |
Volatility
UQLT.L vs. FEXU.L - Volatility Comparison
The current volatility for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) is 3.81%, while First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 4.44%. This indicates that UQLT.L experiences smaller price fluctuations and is considered to be less risky than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UQLT.L | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 4.44% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 9.77% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 12.81% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 15.78% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.19% | +0.30% |
UQLT.L vs. FEXU.L - Expense Ratio Comparison
UQLT.L has a 0.28% expense ratio, which is lower than FEXU.L's 0.75% expense ratio.
Dividends
UQLT.L vs. FEXU.L - Dividend Comparison
UQLT.L's dividend yield for the trailing twelve months is around 0.22%, while FEXU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 0.22% | 0.54% | 0.30% | 0.78% | 0.81% | 0.70% | 0.86% | 0.93% | 1.24% | 1.04% | 0.65% |
Frequently Asked Questions
UQLT.L and FEXU.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQLT.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQLT.L is cheaper with a 0.28% expense ratio, compared with 0.75% for FEXU.L.
UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while FEXU.L tracks Russell 1000 TR USD. They also come from different issuers: UBS and First Trust. Their fees differ too: 0.28% for UQLT.L and 0.75% for FEXU.L.
Find the right allocation for UQLT.L and FEXU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer