XMVU.L vs. FUQA.L

Last updated Jul 16, 2026

XMVU.L (Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D) and FUQA.L (Fidelity US Quality Income ETF Acc) are both Large Cap Blend Equities funds - XMVU.L tracks the Russell 1000 TR USD while FUQA.L tracks the Fidelity US Quality Income Index. Both are passively managed. Over the past 5 years, XMVU.L returned 6.51%/yr vs 11.93%/yr for FUQA.L. A 0.72 correlation means they provide meaningful diversification when combined. XMVU.L charges 0.20%/yr vs 0.25%/yr for FUQA.L.

Performance

XMVU.L vs. FUQA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D (XMVU.L) and Fidelity US Quality Income ETF Acc (FUQA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMVU.L is traded in USD, while FUQA.L is traded in GBp. To make them comparable, the FUQA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMVU.L achieves a 2.34% return, which is significantly lower than FUQA.L's 10.21% return.

XMVU.L

• 1D: -0.79%
• 1M: 0.15%
• 6M: 2.61%
• YTD: 2.34%
• 1Y: 5.54%
• 3Y*: 10.63%
• 5Y*: 6.51%
• 10Y*: —

FUQA.L

• 1D: 0.87%
• 1M: 1.55%
• 6M: 9.85%
• YTD: 10.21%
• 1Y: 21.39%
• 3Y*: 17.06%
• 5Y*: 11.93%
• 10Y*: —

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

XMVU.L vs. FUQA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMVU.L Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D	2.34%	7.93%	15.69%	9.79%	-9.52%	21.61%	4.40%	27.09%	0.19%	12.16%
FUQA.L Fidelity US Quality Income ETF Acc	10.21%	16.75%	17.51%	17.75%	-10.69%	26.66%	11.54%	32.33%	-4.62%	-7.43%

Correlation

The correlation between XMVU.L and FUQA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.72

Over the past year, the correlation between XMVU.L and FUQA.L has dropped to 0.48 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

XMVU.L vs. FUQA.L - Sectors Allocation Comparison

Sectors	XMVU.L	FUQA.L
Technology	33.2%	35.3%
Financial Services	13.2%	12.9%
Healthcare	12.4%	9.8%
Consumer Defensive	9.7%	4.8%
Utilities	7.1%	2.1%
Communication Services	5.8%	9.6%
Industrials	5.7%	8.9%
Consumer Cyclical	5.7%	9.4%
Energy	3.0%	3.1%
Basic Materials	2.1%	2.2%
Real Estate	2.1%	2.0%

Return for Risk

XMVU.L vs. FUQA.L — Risk / Return Rank

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

XMVU.L

XMVU.L Risk / Return Rank: 24
XMVU.L Sharpe Ratio Rank: 23
XMVU.L Sortino Ratio Rank: 21
XMVU.L Omega Ratio Rank: 21
XMVU.L Calmar Ratio Rank: 25
XMVU.L Martin Ratio Rank: 28

FUQA.L

FUQA.L Risk / Return Rank: 82
FUQA.L Sharpe Ratio Rank: 82
FUQA.L Sortino Ratio Rank: 82
FUQA.L Omega Ratio Rank: 82
FUQA.L Calmar Ratio Rank: 79
FUQA.L Martin Ratio Rank: 84

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.

XMVU.L vs. FUQA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D (XMVU.L) and Fidelity US Quality Income ETF Acc (FUQA.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.

	XMVU.L	FUQA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.70	2.12	-1.42
Sortino ratio: Return per unit of downside risk	1.02	3.24	-2.22
Omega ratio: Gain probability vs. loss probability	1.12	1.38	-0.26
Calmar ratio: Return relative to maximum drawdown	1.02	2.67	-1.65
Martin ratio: Return relative to average drawdown	3.16	11.69	-8.53

XMVU.L vs. FUQA.L - Sharpe Ratio Comparison

The current XMVU.L Sharpe Ratio is 0.70, which is lower than the FUQA.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of XMVU.L and FUQA.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

XMVU.L vs. FUQA.L - Drawdown Comparison

The maximum XMVU.L drawdown since its inception was -32.98%, smaller than the maximum FUQA.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for XMVU.L and FUQA.L.

Drawdown Indicators

	XMVU.L	FUQA.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.98%	-35.38%	+2.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-7.97%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-9.99%	-19.14%	+9.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-20.19%	+2.44%
Current Drawdown Current decline from peak	-2.10%	0.00%	-2.10%
Average Drawdown Average peak-to-trough decline	-3.62%	-6.77%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.83%	-0.08%

Volatility

XMVU.L vs. FUQA.L - Volatility Comparison

Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D (XMVU.L) has a higher volatility of 2.95% compared to Fidelity US Quality Income ETF Acc (FUQA.L) at 2.68%. This indicates that XMVU.L's price experiences larger fluctuations and is considered to be riskier than FUQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMVU.L	FUQA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.68%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	7.52%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	10.05%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.61%	19.97%	-8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	23.00%	-9.98%

XMVU.L vs. FUQA.L - Expense Ratio Comparison

XMVU.L has a 0.20% expense ratio, which is lower than FUQA.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

XMVU.L vs. FUQA.L - Dividend Comparison

XMVU.L's dividend yield for the trailing twelve months is around 1.18%, while FUQA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FUQA.L Fidelity US Quality Income ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMVU.L Xtrackers MSCI USA Minimum Volatility UCITS ETF 1D	1.18%	1.24%	1.31%	1.33%	1.82%	1.27%	1.81%	1.55%	1.36%

Frequently Asked Questions

Can I hold both XMVU.L and FUQA.L in my portfolio?

XMVU.L and FUQA.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMVU.L or FUQA.L?

On fees, XMVU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMVU.L or FUQA.L?

XMVU.L is cheaper with a 0.20% expense ratio, compared with 0.25% for FUQA.L.

What is the main difference between XMVU.L and FUQA.L?

XMVU.L tracks Russell 1000 TR USD, while FUQA.L tracks Fidelity US Quality Income Index. They also come from different issuers: Xtrackers and Fidelity. Their fees differ too: 0.20% for XMVU.L and 0.25% for FUQA.L.