FEQD.L vs. JRDE.L

Last updated Jul 16, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - FEQD.L tracks the MSCI Europe High Div Yld NR EUR while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, FEQD.L returned 14.07%/yr vs 26.46%/yr for JRDE.L. Their correlation of 0.94 suggests significant overlap in exposure. FEQD.L charges 0.30%/yr vs 0.25%/yr for JRDE.L.

Performance

FEQD.L vs. JRDE.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 JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEQD.L is traded in GBP, while JRDE.L is traded in GBp. To make them comparable, the JRDE.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 8.95% return, which is significantly higher than JRDE.L's 8.43% return.

FEQD.L

• 1D: -0.59%
• 1M: -0.00%
• 6M: 6.33%
• YTD: 8.95%
• 1Y: 18.81%
• 3Y*: 14.07%
• 5Y*: 7.92%
• 10Y*: —

JRDE.L

• 1D: -0.55%
• 1M: 0.01%
• 6M: 5.90%
• YTD: 8.43%
• 1Y: 64.21%
• 3Y*: 26.46%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
FEQD.L Fidelity Europe Quality Income UCITS ETF	8.95%	23.76%	1.47%	15.41%	-11.08%	2.11%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	8.43%	72.46%	2.21%	14.40%	-3.79%	-10.33%

Correlation

The correlation between FEQD.L and JRDE.L is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.94

The correlation between FEQD.L and JRDE.L has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

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

Sectors	FEQD.L	JRDE.L
Financial Services	25.2%	23.7%
Industrials	19.3%	20.2%
Healthcare	13.0%	13.1%
Technology	9.2%	9.8%
Consumer Cyclical	8.0%	6.8%
Consumer Defensive	7.1%	7.1%
Basic Materials	4.9%	5.3%
Utilities	4.8%	5.5%
Energy	4.6%	4.7%
Communication Services	3.0%	3.8%
Real Estate	1.0%	0.1%

Return for Risk

FEQD.L vs. JRDE.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: 50
FEQD.L Sharpe Ratio Rank: 52
FEQD.L Sortino Ratio Rank: 51
FEQD.L Omega Ratio Rank: 51
FEQD.L Calmar Ratio Rank: 46
FEQD.L Martin Ratio Rank: 48

JRDE.L

JRDE.L Risk / Return Rank: 89
JRDE.L Sharpe Ratio Rank: 61
JRDE.L Sortino Ratio Rank: 98
JRDE.L Omega Ratio Rank: 97
JRDE.L Calmar Ratio Rank: 94
JRDE.L Martin Ratio Rank: 94

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. JRDE.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 JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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.

	FEQD.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.65	-0.18
Sortino ratio: Return per unit of downside risk	2.07	6.50	-4.43
Omega ratio: Gain probability vs. loss probability	1.27	1.86	-0.59
Calmar ratio: Return relative to maximum drawdown	1.94	5.84	-3.90
Martin ratio: Return relative to average drawdown	6.53	20.17	-13.63

FEQD.L vs. JRDE.L - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.47, which is comparable to the JRDE.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FEQD.L and JRDE.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

FEQD.L vs. JRDE.L - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, which is greater than JRDE.L's maximum drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for FEQD.L and JRDE.L.

Drawdown Indicators

	FEQD.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-24.20%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-10.94%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.41%	-12.84%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	—	—
Current Drawdown Current decline from peak	-2.21%	-2.58%	+0.37%
Average Drawdown Average peak-to-trough decline	-7.00%	-7.23%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	3.17%	-0.30%

Volatility

FEQD.L vs. JRDE.L - Volatility Comparison

The current volatility for Fidelity Europe Quality Income UCITS ETF (FEQD.L) is 3.17%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a volatility of 3.54%. This indicates that FEQD.L experiences smaller price fluctuations and is considered to be less risky than JRDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQD.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.54%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	10.79%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	38.84%	-26.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	22.75%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	22.75%	-6.31%

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

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

Dividends

FEQD.L vs. JRDE.L - Dividend Comparison

FEQD.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.94%.

Position	TTM	2025	2024	2023	2022
FEQD.L Fidelity Europe Quality Income UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	26.94%	28.15%	2.68%	1.11%	2.99%

Frequently Asked Questions

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

FEQD.L and JRDE.L have a correlation of 0.88, 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 JRDE.L?

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

Which ETF is cheaper, FEQD.L or JRDE.L?

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

What is the main difference between FEQD.L and JRDE.L?

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