FEQD.L vs. FEQTX

Last updated Jun 4, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and FEQTX (Fidelity Equity Dividend Income Fund) are both funds - FEQD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while FEQTX is a Large Cap Value Equities fund managed by Fidelity. Over the past 5 years, FEQD.L returned 7.78%/yr vs 9.37%/yr for FEQTX. At a 0.42 correlation, their price movements are largely independent. FEQD.L charges 0.30%/yr vs 0.58%/yr for FEQTX.

Performance

FEQD.L vs. FEQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEQD.L) and Fidelity Equity Dividend Income Fund (FEQTX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEQD.L is traded in GBP, while FEQTX is traded in USD. To make them comparable, the FEQTX 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 6.53% return, which is significantly lower than FEQTX's 8.65% return.

FEQD.L

• 1D: -0.48%
• 1M: 2.23%
• YTD: 6.53%
• 6M: 9.41%
• 1Y: 19.36%
• 3Y*: 13.13%
• 5Y*: 7.78%
• 10Y*: —

FEQTX

• 1D: 0.25%
• 1M: 2.56%
• YTD: 8.65%
• 6M: 3.00%
• 1Y: 14.29%
• 3Y*: 10.20%
• 5Y*: 9.37%
• 10Y*: 10.77%

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

FEQD.L vs. FEQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQD.L Fidelity Europe Quality Income UCITS ETF	6.53%	23.82%	1.33%	15.49%	-11.08%	17.26%	2.85%	21.96%	-7.38%	-0.52%
FEQTX Fidelity Equity Dividend Income Fund	8.65%	-0.36%	14.45%	6.03%	10.72%	23.41%	-1.15%	22.48%	-3.93%	1.68%

Correlation

The correlation between FEQD.L and FEQTX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017	0.42

The correlation between FEQD.L and FEQTX shifts across timeframes, from 0.29 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

FEQD.L vs. FEQTX - Sectors Allocation Comparison

Sectors	FEQD.L	FEQTX
Financial Services	24.3%	20.2%
Industrials	19.8%	7.6%
Healthcare	12.8%	12.2%
Technology	9.1%	15.2%
Consumer Cyclical	7.9%	8.3%
Consumer Defensive	6.7%	11.1%
Energy	5.4%	7.7%
Basic Materials	4.9%	0.8%
Utilities	4.7%	7.1%
Communication Services	3.6%	6.9%
Real Estate	1.0%	2.8%

Return for Risk

FEQD.L vs. FEQTX — 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: 42
FEQD.L Sharpe Ratio Rank: 43
FEQD.L Sortino Ratio Rank: 43
FEQD.L Omega Ratio Rank: 43
FEQD.L Calmar Ratio Rank: 41
FEQD.L Martin Ratio Rank: 42

FEQTX

FEQTX Risk / Return Rank: 21
FEQTX Sharpe Ratio Rank: 18
FEQTX Sortino Ratio Rank: 15
FEQTX Omega Ratio Rank: 21
FEQTX Calmar Ratio Rank: 27
FEQTX Martin Ratio Rank: 23

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. FEQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEQD.L) and Fidelity Equity Dividend Income Fund (FEQTX). 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	FEQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.28	+0.24
Sortino ratio: Return per unit of downside risk	2.15	1.67	+0.48
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.00	2.23	-0.23
Martin ratio: Return relative to average drawdown	6.69	6.22	+0.47
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. FEQTX - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.52, which is comparable to the FEQTX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FEQD.L and FEQTX, 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	FEQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.28	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.73	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.47	+0.03

Drawdowns

FEQD.L vs. FEQTX - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, smaller than the maximum FEQTX drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for FEQD.L and FEQTX.

Drawdown Indicators

	FEQD.L	FEQTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-43.21%	+16.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-6.77%	-2.87%
Max Drawdown (3Y) Largest decline over 3 years	-12.44%	-15.68%	+3.24%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-15.68%	-7.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-2.27%	-0.35%	-1.92%
Average Drawdown Average peak-to-trough decline	-4.90%	-6.04%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.42%	+0.47%

Volatility

FEQD.L vs. FEQTX - Volatility Comparison

Fidelity Europe Quality Income UCITS ETF (FEQD.L) has a higher volatility of 3.28% compared to Fidelity Equity Dividend Income Fund (FEQTX) at 2.12%. This indicates that FEQD.L's price experiences larger fluctuations and is considered to be riskier than FEQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQD.L	FEQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.12%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	9.53%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	11.79%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	12.96%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	16.68%	-1.69%

FEQD.L vs. FEQTX - Expense Ratio Comparison

FEQD.L has a 0.30% expense ratio, which is lower than FEQTX's 0.58% expense ratio.

Dividends

FEQD.L vs. FEQTX - Dividend Comparison

FEQD.L has not paid dividends to shareholders, while FEQTX's dividend yield for the trailing twelve months is around 1.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FEQTX Fidelity Equity Dividend Income Fund	1.45%	1.59%	8.39%	5.22%	7.65%	11.52%	2.43%	8.39%	14.31%	9.40%	6.12%	5.98%

Frequently Asked Questions

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

FEQD.L and FEQTX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.