WHGLX vs. FUQIX

Last updated Aug 1, 2026

WHGLX (Westwood Quality Value Fund) and FUQIX (Fidelity SAI U.S. Quality Index Fund) are both Quality Factor funds. Over the past 10 years, WHGLX returned 9.58%/yr vs 15.88%/yr for FUQIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. WHGLX charges 0.65%/yr vs 0.10%/yr for FUQIX.

Performance

WHGLX vs. FUQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Quality Value Fund (WHGLX) and Fidelity SAI U.S. Quality Index Fund (FUQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WHGLX having a 8.97% return and FUQIX slightly higher at 9.35%. Over the past 10 years, WHGLX has underperformed FUQIX with an annualized return of 9.58%, while FUQIX has yielded a comparatively higher 15.88% annualized return.

WHGLX

• 1D: 0.31%
• 1M: 0.79%
• 6M: 6.07%
• YTD: 8.97%
• 1Y: 12.38%
• 3Y*: 9.23%
• 5Y*: 7.13%
• 10Y*: 9.58%
• ALL TIME*: 8.19%

FUQIX

• 1D: 1.00%
• 1M: -0.15%
• 6M: 9.63%
• YTD: 9.35%
• 1Y: 18.96%
• 3Y*: 18.99%
• 5Y*: 12.59%
• 10Y*: 15.88%
• ALL TIME*: 15.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FUQIX Fidelity SAI U.S. Quality Index Fund	$0.00	$0.00	$0.00
WHGLX Westwood Quality Value Fund	$0.00	$0.00	$0.00

WHGLX vs. FUQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHGLX Westwood Quality Value Fund	8.97%	5.73%	10.52%	8.91%	-5.64%	23.73%	2.71%	27.34%	-6.18%	20.86%
FUQIX Fidelity SAI U.S. Quality Index Fund	9.35%	16.76%	24.32%	29.63%	-18.09%	28.28%	20.67%	34.66%	-3.39%	25.77%

Correlation

The correlation between WHGLX and FUQIX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Oct 16, 2015	0.78

The correlation between WHGLX and FUQIX shifts across timeframes, from 0.63 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WHGLX vs. FUQIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WHGLX

WHGLX Risk / Return Rank: 31
WHGLX Sharpe Ratio Rank: 30
WHGLX Sortino Ratio Rank: 30
WHGLX Omega Ratio Rank: 27
WHGLX Calmar Ratio Rank: 33
WHGLX Martin Ratio Rank: 37

FUQIX

FUQIX Risk / Return Rank: 42
FUQIX Sharpe Ratio Rank: 48
FUQIX Sortino Ratio Rank: 47
FUQIX Omega Ratio Rank: 43
FUQIX Calmar Ratio Rank: 33
FUQIX Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WHGLX vs. FUQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Quality Value Fund (WHGLX) and Fidelity SAI U.S. Quality Index Fund (FUQIX). 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.

	WHGLX	FUQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.30	-0.27
Sortino ratio: Return per unit of downside risk	1.51	1.86	-0.35
Omega ratio: Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio: Return relative to maximum drawdown	1.49	1.40	+0.08
Martin ratio: Return relative to average drawdown	5.70	5.58	+0.12

WHGLX vs. FUQIX - Sharpe Ratio Comparison

The current WHGLX Sharpe Ratio is 1.03, which is comparable to the FUQIX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of WHGLX and FUQIX, 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

WHGLX vs. FUQIX - Drawdown Comparison

The maximum WHGLX drawdown since its inception was -51.00%, which is greater than FUQIX's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for WHGLX and FUQIX.

Drawdown Indicators

	WHGLX	FUQIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.00%	-31.19%	-19.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-12.31%	+5.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-17.86%	+2.86%
Max Drawdown (5Y) Largest decline over 5 years	-16.62%	-24.96%	+8.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.32%	-31.19%	-5.13%
Current Drawdown Current decline from peak	-0.85%	-1.10%	+0.25%
Average Drawdown Average peak-to-trough decline	-7.61%	-4.21%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	3.08%	-1.26%

Volatility

WHGLX vs. FUQIX - Volatility Comparison

The current volatility for Westwood Quality Value Fund (WHGLX) is 2.67%, while Fidelity SAI U.S. Quality Index Fund (FUQIX) has a volatility of 2.99%. This indicates that WHGLX experiences smaller price fluctuations and is considered to be less risky than FUQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WHGLX	FUQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.99%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	10.44%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	13.29%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	17.19%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	18.25%	-2.05%

WHGLX vs. FUQIX - Expense Ratio Comparison

WHGLX has a 0.65% expense ratio, which is higher than FUQIX's 0.10% expense ratio.

Dividends

WHGLX vs. FUQIX - Dividend Comparison

WHGLX's dividend yield for the trailing twelve months is around 20.11%, more than FUQIX's 3.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUQIX Fidelity SAI U.S. Quality Index Fund	3.32%	3.63%	12.80%	2.38%	1.42%	8.55%	9.46%	13.68%	2.41%	3.79%	1.57%	0.29%
WHGLX Westwood Quality Value Fund	20.11%	21.91%	7.64%	3.78%	1.52%	17.70%	5.86%	4.63%	12.36%	6.53%	4.04%	10.08%

Frequently Asked Questions

Can I hold both WHGLX and FUQIX in my portfolio?

WHGLX and FUQIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WHGLX or FUQIX?

FUQIX has higher volatility (2.99%) compared to WHGLX (2.67%). In terms of maximum drawdown, WHGLX dropped -51.00% vs FUQIX's -31.19%.

Which has better risk-adjusted returns?

FUQIX currently has the higher Sharpe Ratio (1.30 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.