FEQD.L vs. SC0E.DE
FEQD.L (Fidelity Europe Quality Income UCITS ETF) and SC0E.DE (Invesco MSCI Europe UCITS ETF) are both Europe Equities funds - FEQD.L tracks the MSCI Europe High Div Yld NR EUR while SC0E.DE tracks the MSCI Europe. Both are passively managed. Over the past 5 years, FEQD.L returned 7.92%/yr vs 10.07%/yr for SC0E.DE. Their correlation of 0.83 suggests significant overlap in exposure. FEQD.L charges 0.30%/yr vs 0.19%/yr for SC0E.DE.
Performance
FEQD.L vs. SC0E.DE - Performance Comparison
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Different Trading Currencies
FEQD.L is traded in GBP, while SC0E.DE is traded in EUR. To make them comparable, the SC0E.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 higher than SC0E.DE's 6.63% 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*
- —
SC0E.DE
- 1D
- 0.74%
- 1M
- 3.69%
- YTD
- 6.63%
- 6M
- 8.67%
- 1Y
- 19.25%
- 3Y*
- 13.76%
- 5Y*
- 10.07%
- 10Y*
- 10.13%
FEQD.L vs. SC0E.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% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 6.63% | 26.40% | 3.53% | 13.17% | -4.32% | 16.16% | 2.18% | 21.07% | -9.77% | -0.25% |
Correlation
The correlation between FEQD.L and SC0E.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017 | 0.83 |
The correlation between FEQD.L and SC0E.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
FEQD.L vs. SC0E.DE — Risk / Return Rank
FEQD.L
SC0E.DE
FEQD.L vs. SC0E.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 MSCI Europe UCITS ETF (SC0E.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 | SC0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.85 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.72 | 6.72 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEQD.L | SC0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.54 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.72 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.71 | -0.20 |
Drawdowns
FEQD.L vs. SC0E.DE - Drawdown Comparison
The maximum FEQD.L drawdown since its inception was -26.58%, smaller than the maximum SC0E.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for FEQD.L and SC0E.DE.
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Drawdown Indicators
| FEQD.L | SC0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -28.24% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -10.34% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.44% | -14.06% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -15.97% | -7.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.24% | — |
Current DrawdownCurrent decline from peak | -1.62% | -1.21% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.99% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.86% | +0.03% |
Volatility
FEQD.L vs. SC0E.DE - Volatility Comparison
The current volatility for Fidelity Europe Quality Income UCITS ETF (FEQD.L) is 3.32%, while Invesco MSCI Europe UCITS ETF (SC0E.DE) has a volatility of 4.12%. This indicates that FEQD.L experiences smaller price fluctuations and is considered to be less risky than SC0E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEQD.L | SC0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.12% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 10.48% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 12.44% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 14.42% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 15.90% | -0.91% |
FEQD.L vs. SC0E.DE - Expense Ratio Comparison
FEQD.L has a 0.30% expense ratio, which is higher than SC0E.DE's 0.19% expense ratio.
Dividends
FEQD.L vs. SC0E.DE - Dividend Comparison
Neither FEQD.L nor SC0E.DE has paid dividends to shareholders.
Frequently Asked Questions
FEQD.L and SC0E.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for FEQD.L.
FEQD.L tracks MSCI Europe High Div Yld NR EUR, while SC0E.DE tracks MSCI Europe. They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and Invesco. Their fees differ too: 0.30% for FEQD.L and 0.19% for SC0E.DE.
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