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FEQD.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEQD.L vs. IEDL.L

Last updated Jun 5, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - FEQD.L tracks the MSCI Europe High Div Yld NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, FEQD.L returned 7.92%/yr vs 14.62%/yr for IEDL.L. Their correlation of 0.83 suggests significant overlap in exposure. FEQD.L charges 0.30%/yr vs 0.25%/yr for IEDL.L.

Performance

FEQD.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEQD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FEQD.L is traded in GBP, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L 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 IEDL.L's 13.19% 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*
—

IEDL.L

1D
0.03%
1M
4.86%
YTD
13.19%
6M
15.86%
1Y
36.33%
3Y*
21.75%
5Y*
14.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEQD.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FEQD.L
Fidelity Europe Quality Income UCITS ETF		7.24%23.82%1.33%15.49%-11.08%17.26%2.85%21.96%-4.40%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		13.19%42.22%5.44%11.24%1.22%19.20%-3.60%14.87%-10.37%

Correlation

The correlation between FEQD.L and IEDL.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.78

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

0.84

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

0.81

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.83

The correlation between FEQD.L and IEDL.L has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

FEQD.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
FEQD.L
IEDL.L

Financial Services

24.3%
22.6%

Industrials

19.8%
17.0%

Healthcare

12.8%
12.3%

Technology

9.1%
12.2%

Consumer Cyclical

7.9%
6.2%

Consumer Defensive

6.7%
8.6%

Energy

5.4%
5.1%

Basic Materials

4.9%
6.2%

Utilities

4.7%
4.5%

Communication Services

3.6%
3.7%

Real Estate

1.0%
0.6%

Financial Services

FEQD.L
24.3%
IEDL.L
22.6%

Industrials

FEQD.L
19.8%
IEDL.L
17.0%

Healthcare

FEQD.L
12.8%
IEDL.L
12.3%

Technology

FEQD.L
9.1%
IEDL.L
12.2%

Consumer Cyclical

FEQD.L
7.9%
IEDL.L
6.2%

Consumer Defensive

FEQD.L
6.7%
IEDL.L
8.6%

Energy

FEQD.L
5.4%
IEDL.L
5.1%

Basic Materials

FEQD.L
4.9%
IEDL.L
6.2%

Utilities

FEQD.L
4.7%
IEDL.L
4.5%

Communication Services

FEQD.L
3.6%
IEDL.L
3.7%

Real Estate

FEQD.L
1.0%
IEDL.L
0.6%

Compare stocks, funds, or ETFs

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Fidelity Europe Quality Income UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

Often compared with FEQD.L:
FEQD.L vs. EEI.LFEQD.L vs. SCHDFEQD.L vs. FEQTXFEQD.L vs. VYMFEQD.L vs. CS1.LFEQD.L vs. IMV.LFEQD.L vs. MIVO.L
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

FEQD.L vs. IEDL.L — 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: 4343
Overall Rank
FEQD.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
FEQD.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
FEQD.L Omega Ratio Rank: 4444
Omega Ratio Rank
FEQD.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
FEQD.L Martin Ratio Rank: 4242
Martin Ratio Rank
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6868
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.

FEQD.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEQD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

FEQD.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.68

-1.16

Sortino ratioReturn per unit of downside risk
2.16
3.61

-1.45

Omega ratioGain probability vs. loss probability

1.28

1.48

-0.21

Calmar ratioReturn relative to maximum drawdown

2.01

3.43

-1.42

Martin ratioReturn relative to average drawdown

6.72

12.68

-5.96

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. IEDL.L - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.53, which is lower than the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FEQD.L and IEDL.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.

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Sharpe Ratios by Period

FEQD.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.68

-1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.95

-0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.59

-0.08

Drawdowns

FEQD.L vs. IEDL.L - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FEQD.L and IEDL.L.

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Drawdown Indicators

FEQD.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.58%

-34.37%

+7.79%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-10.54%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-12.44%

-16.23%

+3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-23.06%

-16.28%

-6.78%

Current Drawdown

Current decline from peak

-1.62%

-0.80%

-0.82%

Average Drawdown

Average peak-to-trough decline

-4.90%

-5.72%

+0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.86%

+0.03%

Volatility

FEQD.L vs. IEDL.L - Volatility Comparison

The current volatility for Fidelity Europe Quality Income UCITS ETF (FEQD.L) is 3.32%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that FEQD.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEQD.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

4.75%

-1.43%

Volatility (6M)

Calculated over the trailing 6-month period

10.39%

11.06%

-0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

12.68%

13.48%

-0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.26%

15.30%

-1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.99%

17.59%

-2.60%

FEQD.L vs. IEDL.L - Expense Ratio Comparison

FEQD.L has a 0.30% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.

Dividends

FEQD.L vs. IEDL.L - Dividend Comparison

FEQD.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
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%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%

Frequently Asked Questions

FEQD.L and IEDL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FEQD.L.

FEQD.L tracks MSCI Europe High Div Yld NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and iShares. Their fees differ too: 0.30% for FEQD.L and 0.25% for IEDL.L.

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