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EWQ vs. FDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWQ vs. FDD

Last updated Jun 4, 2026

EWQ (iShares MSCI France ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both Europe Equities funds - EWQ tracks the MSCI France Index while FDD tracks the STOXX Europe Select Dividend 30. Both are passively managed. Over the past 10 years, EWQ returned 9.13%/yr vs 9.96%/yr for FDD. A 0.77 correlation means they provide meaningful diversification when combined. EWQ charges 0.50%/yr vs 0.58%/yr for FDD.

Performance

EWQ vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI France ETF (EWQ) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWQ achieves a 1.20% return, which is significantly lower than FDD's 11.53% return. Over the past 10 years, EWQ has underperformed FDD with an annualized return of 9.13%, while FDD has yielded a comparatively higher 9.96% annualized return.

EWQ

1D
-1.19%
1M
2.85%
YTD
1.20%
6M
2.17%
1Y
9.25%
3Y*
9.50%
5Y*
6.30%
10Y*
9.13%

FDD

1D
-1.17%
1M
3.51%
YTD
11.53%
6M
17.78%
1Y
33.02%
3Y*
25.85%
5Y*
11.03%
10Y*
9.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWQ vs. FDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWQ
iShares MSCI France ETF		1.20%28.90%-5.63%21.71%-12.05%21.43%2.86%26.69%-12.90%29.11%
FDD
First Trust STOXX European Select Dividend Index Fund		11.53%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%

Correlation

The correlation between EWQ and FDD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 31, 2007

0.77

The correlation between EWQ and FDD has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

EWQ vs. FDD - Sectors Allocation Comparison

Sectors
EWQ
FDD

Industrials

31.7%
12.5%

Financial Services

12.8%
52.2%

Consumer Cyclical

12.0%
12.3%

Healthcare

8.4%

-

Consumer Defensive

8.3%
3.7%

Energy

8.0%
10.8%

Basic Materials

7.0%
2.9%

Technology

4.1%

-

Communication Services

3.0%
2.1%

Utilities

2.6%
6.0%

Real Estate

1.4%
3.5%

Industrials

EWQ
31.7%
FDD
12.5%

Financial Services

EWQ
12.8%
FDD
52.2%

Consumer Cyclical

EWQ
12.0%
FDD
12.3%

Healthcare

EWQ
8.4%
FDD

-

Consumer Defensive

EWQ
8.3%
FDD
3.7%

Energy

EWQ
8.0%
FDD
10.8%

Basic Materials

EWQ
7.0%
FDD
2.9%

Technology

EWQ
4.1%
FDD

-

Communication Services

EWQ
3.0%
FDD
2.1%

Utilities

EWQ
2.6%
FDD
6.0%

Real Estate

EWQ
1.4%
FDD
3.5%

Compare stocks, funds, or ETFs

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iShares MSCI France ETF

First Trust STOXX European Select Dividend Index Fund

Often compared with EWQ:
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Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR

Return for Risk

EWQ vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWQ
EWQ Risk / Return Rank: 1717
Overall Rank
EWQ Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
EWQ Sortino Ratio Rank: 1717
Sortino Ratio Rank
EWQ Omega Ratio Rank: 1717
Omega Ratio Rank
EWQ Calmar Ratio Rank: 1717
Calmar Ratio Rank
EWQ Martin Ratio Rank: 1919
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 6464
Overall Rank
FDD Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 6262
Sortino Ratio Rank
FDD Omega Ratio Rank: 6060
Omega Ratio Rank
FDD Calmar Ratio Rank: 7070
Calmar Ratio Rank
FDD Martin Ratio Rank: 6464
Martin Ratio Rank
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.

EWQ vs. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France ETF (EWQ) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

EWQFDDDifference
Sharpe ratioReturn per unit of total volatility
0.54
2.16

-1.62

Sortino ratioReturn per unit of downside risk
0.88
2.98

-2.10

Omega ratioGain probability vs. loss probability

1.11

1.37

-0.27

Calmar ratioReturn relative to maximum drawdown

0.67

3.53

-2.86

Martin ratioReturn relative to average drawdown

2.08

11.86

-9.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWQ vs. FDD - Sharpe Ratio Comparison

The current EWQ Sharpe Ratio is 0.54, which is lower than the FDD Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EWQ and FDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EWQFDDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.54

2.16

-1.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.60

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.50

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.10

+0.18

Drawdowns

EWQ vs. FDD - Drawdown Comparison

The maximum EWQ drawdown since its inception was -61.41%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for EWQ and FDD.

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Drawdown Indicators

EWQFDDDifference

Max Drawdown

Largest peak-to-trough decline

-61.41%

-74.77%

+13.36%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-9.39%

-4.41%

Max Drawdown (3Y)

Largest decline over 3 years

-15.16%

-13.06%

-2.10%

Max Drawdown (5Y)

Largest decline over 5 years

-31.46%

-35.11%

+3.65%

Max Drawdown (10Y)

Largest decline over 10 years

-39.23%

-41.43%

+2.20%

Current Drawdown

Current decline from peak

-5.83%

-2.26%

-3.57%

Average Drawdown

Average peak-to-trough decline

-16.08%

-35.47%

+19.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

2.79%

+1.67%

Volatility

EWQ vs. FDD - Volatility Comparison

iShares MSCI France ETF (EWQ) has a higher volatility of 6.56% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 5.22%. This indicates that EWQ's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWQFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

5.22%

+1.34%

Volatility (6M)

Calculated over the trailing 6-month period

13.52%

12.35%

+1.17%

Volatility (1Y)

Calculated over the trailing 1-year period

17.15%

15.43%

+1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.78%

18.39%

+1.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.81%

20.16%

+0.65%

EWQ vs. FDD - Expense Ratio Comparison

EWQ has a 0.50% expense ratio, which is lower than FDD's 0.58% expense ratio.

Dividends

EWQ vs. FDD - Dividend Comparison

EWQ's dividend yield for the trailing twelve months is around 2.60%, less than FDD's 3.55% yield.

PositionTTM20252024202320222021202020192018201720162015
EWQ
iShares MSCI France ETF		2.60%2.63%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%
FDD
First Trust STOXX European Select Dividend Index Fund		3.55%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%

Frequently Asked Questions

EWQ and FDD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWQ has higher volatility (6.56%) compared to FDD (5.22%). In terms of maximum drawdown, EWQ dropped -61.41% vs FDD's -74.77%.

On 10-year performance, FDD leads with 9.96% vs 9.13% for EWQ. On fees, EWQ is cheaper at 0.50% per year. On volatility, FDD has been the lower-risk option at 5.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FDD has performed better with a 9.96% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EWQ is cheaper with a 0.50% expense ratio, compared with 0.58% for FDD.

FDD has the higher dividend yield at 3.55%, compared with 2.60% for EWQ.

EWQ tracks MSCI France Index, while FDD tracks STOXX Europe Select Dividend 30. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.50% for EWQ and 0.58% for FDD.

FDD currently has the higher Sharpe Ratio (2.16 vs 0.54), 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.

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