FEQD.L vs. EQQQ.DE

Last updated Jun 5, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - FEQD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while EQQQ.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, FEQD.L returned 7.92%/yr vs 18.86%/yr for EQQQ.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FEQD.L vs. EQQQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEQD.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEQD.L is traded in GBP, while EQQQ.DE is traded in EUR. To make them comparable, the EQQQ.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEQD.L achieves a 7.24% return, which is significantly lower than EQQQ.DE's 19.57% return.

FEQD.L

• 1D: 0.66%
• 1M: 3.00%
• YTD: 7.24%
• 6M: 8.98%
• 1Y: 19.46%
• 3Y*: 13.43%
• 5Y*: 7.92%
• 10Y*: —

EQQQ.DE

• 1D: -0.73%
• 1M: 9.51%
• YTD: 19.57%
• 6M: 18.23%
• 1Y: 41.45%
• 3Y*: 24.72%
• 5Y*: 18.86%
• 10Y*: 22.46%

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

FEQD.L vs. EQQQ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQD.L Fidelity Europe Quality Income UCITS ETF	7.24%	23.82%	1.33%	15.49%	-11.08%	17.26%	2.85%	21.96%	-7.38%	-0.52%
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF	19.57%	12.50%	27.84%	48.30%	-26.28%	29.60%	42.17%	35.44%	4.57%	1.54%

Correlation

The correlation between FEQD.L and EQQQ.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017	0.56

The correlation between FEQD.L and EQQQ.DE shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEQD.L vs. EQQQ.DE — Risk / Return Rank

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

FEQD.L

FEQD.L Risk / Return Rank: 43
FEQD.L Sharpe Ratio Rank: 44
FEQD.L Sortino Ratio Rank: 44
FEQD.L Omega Ratio Rank: 44
FEQD.L Calmar Ratio Rank: 41
FEQD.L Martin Ratio Rank: 42

EQQQ.DE

EQQQ.DE Risk / Return Rank: 71
EQQQ.DE Sharpe Ratio Rank: 75
EQQQ.DE Sortino Ratio Rank: 71
EQQQ.DE Omega Ratio Rank: 72
EQQQ.DE Calmar Ratio Rank: 76
EQQQ.DE Martin Ratio Rank: 62

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.

FEQD.L vs. EQQQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEQD.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE). 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.

	FEQD.L	EQQQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.72	-1.20
Sortino ratio: Return per unit of downside risk	2.16	3.60	-1.44
Omega ratio: Gain probability vs. loss probability	1.28	1.47	-0.20
Calmar ratio: Return relative to maximum drawdown	2.01	3.73	-1.72
Martin ratio: Return relative to average drawdown	6.72	10.82	-4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQD.L vs. EQQQ.DE - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.53, which is lower than the EQQQ.DE Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of FEQD.L and EQQQ.DE, 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

	FEQD.L	EQQQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.72	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.96	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.92	-0.41

Drawdowns

FEQD.L vs. EQQQ.DE - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, smaller than the maximum EQQQ.DE drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for FEQD.L and EQQQ.DE.

Drawdown Indicators

	FEQD.L	EQQQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-32.94%	+6.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-11.07%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-12.44%	-25.07%	+12.63%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-27.67%	+4.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.67%	—
Current Drawdown Current decline from peak	-1.62%	-0.73%	-0.89%
Average Drawdown Average peak-to-trough decline	-4.90%	-5.34%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.82%	-0.93%

Volatility

FEQD.L vs. EQQQ.DE - Volatility Comparison

The current volatility for Fidelity Europe Quality Income UCITS ETF (FEQD.L) is 3.32%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a volatility of 4.53%. This indicates that FEQD.L experiences smaller price fluctuations and is considered to be less risky than EQQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQD.L	EQQQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.53%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.62%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	15.14%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	19.41%	-5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	19.60%	-4.61%

FEQD.L vs. EQQQ.DE - Expense Ratio Comparison

Both FEQD.L and EQQQ.DE have an expense ratio of 0.30%.

Dividends

FEQD.L vs. EQQQ.DE - Dividend Comparison

FEQD.L has not paid dividends to shareholders, while EQQQ.DE's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF	0.23%	0.29%	0.37%	0.39%	0.57%	0.25%	0.41%	0.54%	0.64%	0.68%	0.78%	0.73%
FEQD.L Fidelity Europe Quality Income UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEQD.L and EQQQ.DE in my portfolio?

FEQD.L and EQQQ.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEQD.L or EQQQ.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEQD.L or EQQQ.DE?

FEQD.L and EQQQ.DE have the same expense ratio: 0.30% per year.

What is the main difference between FEQD.L and EQQQ.DE?

FEQD.L is categorized as Europe Equities, while EQQQ.DE is Nasdaq-100. FEQD.L tracks MSCI Europe High Div Yld NR EUR, while EQQQ.DE tracks NASDAQ-100 Index. They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and Invesco.