PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FEQD.L vs. MVED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEQD.L vs. MVED.L

Last updated Jun 5, 2026

FEQD.L (Fidelity Europe Quality Income UCITS ETF) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - FEQD.L tracks the MSCI Europe High Div Yld NR EUR while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FEQD.L returned 7.92%/yr vs 6.21%/yr for MVED.L. Their correlation of 0.82 suggests significant overlap in exposure. FEQD.L charges 0.30%/yr vs 0.25%/yr for MVED.L.

Performance

FEQD.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

FEQD.L is traded in GBP, while MVED.L is traded in EUR. To make them comparable, the MVED.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 higher than MVED.L's 3.88% 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*
—

MVED.L

1D
0.45%
1M
0.80%
YTD
3.88%
6M
4.77%
1Y
5.26%
3Y*
8.28%
5Y*
6.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEQD.L vs. MVED.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%-4.20%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.88%14.60%3.94%8.51%-8.08%14.30%1.58%15.71%0.07%

Correlation

The correlation between FEQD.L and MVED.L is 0.63, 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

0.63

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

0.71

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

0.78

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.82

The correlation between FEQD.L and MVED.L shifts across timeframes, from 0.63 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

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

Sectors
FEQD.L
MVED.L

Financial Services

24.3%
17.8%

Industrials

19.8%
15.7%

Healthcare

12.8%
13.1%

Technology

9.1%
2.8%

Consumer Cyclical

7.9%
3.7%

Consumer Defensive

6.7%
13.2%

Energy

5.4%
6.9%

Basic Materials

4.9%
5.7%

Utilities

4.7%
10.1%

Communication Services

3.6%
9.5%

Real Estate

1.0%
1.6%

Financial Services

FEQD.L
24.3%
MVED.L
17.8%

Industrials

FEQD.L
19.8%
MVED.L
15.7%

Healthcare

FEQD.L
12.8%
MVED.L
13.1%

Technology

FEQD.L
9.1%
MVED.L
2.8%

Consumer Cyclical

FEQD.L
7.9%
MVED.L
3.7%

Consumer Defensive

FEQD.L
6.7%
MVED.L
13.2%

Energy

FEQD.L
5.4%
MVED.L
6.9%

Basic Materials

FEQD.L
4.9%
MVED.L
5.7%

Utilities

FEQD.L
4.7%
MVED.L
10.1%

Communication Services

FEQD.L
3.6%
MVED.L
9.5%

Real Estate

FEQD.L
1.0%
MVED.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Europe Quality Income UCITS ETF

iShares Edge MSCI Europe Minimum Volatility 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 MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. OPEN.LMVED.L vs. WDEP.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

FEQD.L vs. MVED.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
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
0.57

+0.96

Sortino ratioReturn per unit of downside risk
2.16
0.83

+1.34

Omega ratioGain probability vs. loss probability

1.28

1.11

+0.17

Calmar ratioReturn relative to maximum drawdown

2.01

0.63

+1.38

Martin ratioReturn relative to average drawdown

6.72

1.79

+4.94

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. MVED.L - Sharpe Ratio Comparison

The current FEQD.L Sharpe Ratio is 1.53, which is higher than the MVED.L Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of FEQD.L and MVED.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.

Loading charts...

Sharpe Ratios by Period

FEQD.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

0.57

+0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.55

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.49

+0.02

Drawdowns

FEQD.L vs. MVED.L - Drawdown Comparison

The maximum FEQD.L drawdown since its inception was -26.58%, which is greater than MVED.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for FEQD.L and MVED.L.

Loading charts...

Drawdown Indicators

FEQD.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.58%

-24.31%

-2.27%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-8.28%

-1.36%

Max Drawdown (3Y)

Largest decline over 3 years

-12.44%

-8.28%

-4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-23.06%

-17.36%

-5.70%

Current Drawdown

Current decline from peak

-1.62%

-5.32%

+3.70%

Average Drawdown

Average peak-to-trough decline

-4.90%

-4.10%

-0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.94%

-0.05%

Volatility

FEQD.L vs. MVED.L - Volatility Comparison

Fidelity Europe Quality Income UCITS ETF (FEQD.L) has a higher volatility of 3.32% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.98%. This indicates that FEQD.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FEQD.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

2.98%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.39%

7.68%

+2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

12.68%

9.18%

+3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.26%

11.29%

+2.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.99%

12.95%

+2.04%

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

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

Dividends

FEQD.L vs. MVED.L - Dividend Comparison

Neither FEQD.L nor MVED.L has paid dividends to shareholders.

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%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%

Frequently Asked Questions

FEQD.L and MVED.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

Portfolio Optimizer

Find the right allocation for FEQD.L and MVED.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer