VOO vs. FUSD.L

Last updated Jun 9, 2026

VOO (Vanguard S&P 500 ETF) and FUSD.L (Fidelity US Quality Income ETF Inc) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while FUSD.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index NR. Both are passively managed. Over the past 5 years, VOO returned 13.49%/yr vs 10.38%/yr for FUSD.L. A 0.55 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.25%/yr for FUSD.L.

Performance

VOO vs. FUSD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Fidelity US Quality Income ETF Inc (FUSD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOO achieves a 8.72% return, which is significantly higher than FUSD.L's 6.93% return.

VOO

• 1D: 0.25%
• 1M: 0.24%
• YTD: 8.72%
• 6M: 8.77%
• 1Y: 24.91%
• 3Y*: 21.45%
• 5Y*: 13.49%
• 10Y*: 15.35%

FUSD.L

• 1D: -0.53%
• 1M: 1.30%
• YTD: 6.93%
• 6M: 7.62%
• 1Y: 22.06%
• 3Y*: 16.50%
• 5Y*: 10.38%
• 10Y*: —

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

VOO vs. FUSD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOO Vanguard S&P 500 ETF	8.72%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	15.89%
FUSD.L Fidelity US Quality Income ETF Inc	6.93%	16.47%	15.86%	17.14%	-12.08%	24.36%	10.46%	28.68%	-6.45%	15.03%

Correlation

The correlation between VOO and FUSD.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.55

The correlation between VOO and FUSD.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

VOO vs. FUSD.L - Sectors Allocation Comparison

Sectors	VOO	FUSD.L
Technology	35.7%	35.0%
Financial Services	11.6%	12.6%
Communication Services	11.3%	10.6%
Consumer Cyclical	10.2%	9.3%
Healthcare	8.5%	9.1%
Industrials	8.3%	8.8%
Consumer Defensive	4.9%	4.5%
Energy	3.5%	3.5%
Utilities	2.4%	2.3%
Real Estate	1.9%	2.1%
Basic Materials	1.8%	2.2%

Return for Risk

VOO vs. FUSD.L — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 69
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

FUSD.L

FUSD.L Risk / Return Rank: 72
FUSD.L Sharpe Ratio Rank: 73
FUSD.L Sortino Ratio Rank: 83
FUSD.L Omega Ratio Rank: 73
FUSD.L Calmar Ratio Rank: 61
FUSD.L Martin Ratio Rank: 72

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.

VOO vs. FUSD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Fidelity US Quality Income ETF Inc (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.

	VOO	FUSD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.13	-0.05
Sortino ratio: Return per unit of downside risk	2.80	3.31	-0.52
Omega ratio: Gain probability vs. loss probability	1.38	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.81	2.77	+0.04
Martin ratio: Return relative to average drawdown	12.97	12.12	+0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOO vs. FUSD.L - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 2.08, which is comparable to the FUSD.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of VOO 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.

Sharpe Ratios by Period

	VOO	FUSD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.13	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.71	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.76	+0.12

Drawdowns

VOO vs. FUSD.L - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum FUSD.L drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for VOO and FUSD.L.

Drawdown Indicators

	VOO	FUSD.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-35.98%	+1.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-7.94%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-17.60%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-20.25%	-4.27%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-2.66%	-1.20%	-1.46%
Average Drawdown Average peak-to-trough decline	-3.69%	-4.19%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.82%	+0.10%

Volatility

VOO vs. FUSD.L - Volatility Comparison

Vanguard S&P 500 ETF (VOO) has a higher volatility of 3.73% compared to Fidelity US Quality Income ETF Inc (FUSD.L) at 2.71%. This indicates that VOO'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

	VOO	FUSD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	2.71%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	7.74%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	10.35%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	14.69%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	15.80%	+2.23%

VOO vs. FUSD.L - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than FUSD.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

VOO vs. FUSD.L - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.05%, less than FUSD.L's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUSD.L Fidelity US Quality Income ETF Inc	1.44%	1.47%	0.47%	1.04%	0.56%	0.94%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

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

VOO and FUSD.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOO or FUSD.L?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOO or FUSD.L?

VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for FUSD.L.

What is the main difference between VOO and FUSD.L?

VOO is categorized as S&P 500, while FUSD.L is Large Cap Blend Equities. VOO tracks S&P 500 Index, while FUSD.L tracks Fidelity US Quality Income Index NR. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.03% for VOO and 0.25% for FUSD.L.