XDWH.L vs. FUSD.L

Last updated Jun 13, 2026

XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) and FUSD.L (Fidelity US Quality Income ETF Inc) are both exchange-traded funds - XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, 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, XDWH.L returned 4.30%/yr vs 10.55%/yr for FUSD.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

XDWH.L vs. FUSD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) 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, XDWH.L achieves a -1.63% return, which is significantly lower than FUSD.L's 7.66% return.

XDWH.L

• 1D: 0.16%
• 1M: 3.81%
• YTD: -1.63%
• 6M: -0.33%
• 1Y: 10.38%
• 3Y*: 5.82%
• 5Y*: 4.30%
• 10Y*: 8.41%

FUSD.L

• 1D: 2.00%
• 1M: 2.39%
• YTD: 7.66%
• 6M: 8.36%
• 1Y: 22.23%
• 3Y*: 16.18%
• 5Y*: 10.55%
• 10Y*: —

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

XDWH.L vs. FUSD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	-1.63%	15.25%	0.75%	3.81%	-5.42%	20.56%	12.88%	22.95%	2.11%	10.60%
FUSD.L Fidelity US Quality Income ETF Inc	7.66%	16.47%	15.86%	17.14%	-12.08%	24.36%	10.46%	28.68%	-6.45%	15.03%

Correlation

The correlation between XDWH.L and FUSD.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.69

Over the past year, the correlation between XDWH.L and FUSD.L has dropped to 0.42 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

XDWH.L vs. FUSD.L - Sectors Allocation Comparison

Sectors	XDWH.L	FUSD.L
Healthcare	98.8%	9.1%
Consumer Defensive	0.5%	4.5%
Basic Materials	-	2.2%
Communication Services	-	10.6%
Consumer Cyclical	-	9.3%
Energy	-	3.5%
Financial Services	-	12.6%
Industrials	-	8.8%
Real Estate	-	2.1%
Technology	-	35.0%
Utilities	-	2.3%

Return for Risk

XDWH.L vs. FUSD.L — Risk / Return Rank

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

XDWH.L

XDWH.L Risk / Return Rank: 23
XDWH.L Sharpe Ratio Rank: 23
XDWH.L Sortino Ratio Rank: 23
XDWH.L Omega Ratio Rank: 22
XDWH.L Calmar Ratio Rank: 24
XDWH.L Martin Ratio Rank: 22

FUSD.L

FUSD.L Risk / Return Rank: 74
FUSD.L Sharpe Ratio Rank: 75
FUSD.L Sortino Ratio Rank: 84
FUSD.L Omega Ratio Rank: 74
FUSD.L Calmar Ratio Rank: 64
FUSD.L Martin Ratio Rank: 74

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) 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.

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.

	XDWH.L	FUSD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.09	-1.38
Sortino ratio: Return per unit of downside risk	1.17	3.28	-2.11
Omega ratio: Gain probability vs. loss probability	1.13	1.38	-0.25
Calmar ratio: Return relative to maximum drawdown	0.99	2.79	-1.79
Martin ratio: Return relative to average drawdown	2.48	12.14	-9.65

XDWH.L vs. FUSD.L - Sharpe Ratio Comparison

The current XDWH.L Sharpe Ratio is 0.71, which is lower than the FUSD.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XDWH.L 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

XDWH.L vs. FUSD.L - Drawdown Comparison

The maximum XDWH.L drawdown since its inception was -26.24%, smaller than the maximum FUSD.L drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for XDWH.L and FUSD.L.

Drawdown Indicators

	XDWH.L	FUSD.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-35.98%	+9.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-7.94%	-2.45%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-17.60%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-19.27%	-20.25%	+0.98%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	—	—
Current Drawdown Current decline from peak	-4.75%	-0.53%	-4.22%
Average Drawdown Average peak-to-trough decline	-4.80%	-4.19%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	1.83%	+2.32%

Volatility

XDWH.L vs. FUSD.L - Volatility Comparison

Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a higher volatility of 4.64% compared to Fidelity US Quality Income ETF Inc (FUSD.L) at 3.41%. This indicates that XDWH.L'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

	XDWH.L	FUSD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.41%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	8.07%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	10.58%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	14.72%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	15.80%	-0.83%

XDWH.L vs. FUSD.L - Expense Ratio Comparison

Both XDWH.L and FUSD.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDWH.L vs. FUSD.L - Dividend Comparison

XDWH.L has not paid dividends to shareholders, while FUSD.L's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025	2024	2023	2022	2021	2020
FUSD.L Fidelity US Quality Income ETF Inc	1.43%	1.47%	0.47%	1.04%	0.56%	0.94%	1.26%
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

XDWH.L and FUSD.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDWH.L or FUSD.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDWH.L or FUSD.L?

XDWH.L and FUSD.L have the same expense ratio: 0.25% per year.

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

XDWH.L is categorized as Health & Biotech Equities, while FUSD.L is Large Cap Blend Equities. XDWH.L tracks MSCI World/Health Care NR USD, while FUSD.L tracks Fidelity US Quality Income Index NR. They also come from different issuers: Xtrackers and Fidelity.