FESD.DE vs. FGEQ.DE

Last updated Jun 5, 2026

FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both exchange-traded funds - FESD.DE is a Emerging Markets Bonds fund tracking the Fidelity Sustainable USD EM Bond, while FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, FESD.DE returned 1.89%/yr vs 11.69%/yr for FGEQ.DE. At a 0.29 correlation, their price movements are largely independent. FESD.DE charges 0.45%/yr vs 0.40%/yr for FGEQ.DE.

Performance

FESD.DE vs. FGEQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FESD.DE achieves a 3.41% return, which is significantly lower than FGEQ.DE's 10.59% return.

FESD.DE

• 1D: -0.09%
• 1M: 1.35%
• YTD: 3.41%
• 6M: 3.08%
• 1Y: 9.14%
• 3Y*: 5.13%
• 5Y*: 1.89%
• 10Y*: —

FGEQ.DE

• 1D: -0.06%
• 1M: 3.50%
• YTD: 10.59%
• 6M: 10.79%
• 1Y: 23.69%
• 3Y*: 14.55%
• 5Y*: 11.69%
• 10Y*: —

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

FESD.DE vs. FGEQ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF	3.41%	0.21%	8.73%	4.67%	-13.30%	6.35%
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc	10.59%	7.21%	17.89%	14.06%	-6.11%	18.99%

Correlation

The correlation between FESD.DE and FGEQ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.29

The correlation between FESD.DE and FGEQ.DE shifts across timeframes, from 0.29 (5 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FESD.DE vs. FGEQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FESD.DE

FESD.DE Risk / Return Rank: 43
FESD.DE Sharpe Ratio Rank: 41
FESD.DE Sortino Ratio Rank: 41
FESD.DE Omega Ratio Rank: 43
FESD.DE Calmar Ratio Rank: 51
FESD.DE Martin Ratio Rank: 42

FGEQ.DE

FGEQ.DE Risk / Return Rank: 76
FGEQ.DE Sharpe Ratio Rank: 72
FGEQ.DE Sortino Ratio Rank: 73
FGEQ.DE Omega Ratio Rank: 73
FGEQ.DE Calmar Ratio Rank: 80
FGEQ.DE Martin Ratio Rank: 83

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.

FESD.DE vs. FGEQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and Fidelity Global Quality Income UCITS ETF Inc (FGEQ.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.

	FESD.DE	FGEQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.31	-0.91
Sortino ratio: Return per unit of downside risk	2.07	3.24	-1.16
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.46	4.06	-1.60
Martin ratio: Return relative to average drawdown	6.56	16.40	-9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FESD.DE vs. FGEQ.DE - Sharpe Ratio Comparison

The current FESD.DE Sharpe Ratio is 1.40, which is lower than the FGEQ.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of FESD.DE and FGEQ.DE, 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

	FESD.DE	FGEQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	2.31	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.89	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.74	-0.55

Drawdowns

FESD.DE vs. FGEQ.DE - Drawdown Comparison

The maximum FESD.DE drawdown since its inception was -16.01%, smaller than the maximum FGEQ.DE drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for FESD.DE and FGEQ.DE.

Drawdown Indicators

	FESD.DE	FGEQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.01%	-34.40%	+18.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.71%	-5.80%	+2.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-19.87%	+7.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.01%	-19.87%	+3.86%
Current Drawdown Current decline from peak	-0.59%	-0.12%	-0.47%
Average Drawdown Average peak-to-trough decline	-7.16%	-3.85%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	1.44%	-0.05%

Volatility

FESD.DE vs. FGEQ.DE - Volatility Comparison

Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) have volatilities of 2.28% and 2.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FESD.DE	FGEQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	2.36%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	4.57%	7.37%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	6.51%	10.19%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.80%	13.04%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.70%	14.76%	-6.06%

FESD.DE vs. FGEQ.DE - Expense Ratio Comparison

FESD.DE has a 0.45% expense ratio, which is higher than FGEQ.DE's 0.40% expense ratio.

Dividends

FESD.DE vs. FGEQ.DE - Dividend Comparison

FESD.DE's dividend yield for the trailing twelve months is around 6.69%, more than FGEQ.DE's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF	6.69%	5.90%	5.86%	5.43%	4.80%	2.01%	0.00%	0.00%	0.00%	0.00%
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc	1.80%	1.90%	2.24%	2.77%	2.81%	2.13%	2.29%	2.11%	2.41%	1.51%

Frequently Asked Questions

Can I hold both FESD.DE and FGEQ.DE in my portfolio?

FESD.DE and FGEQ.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FESD.DE or FGEQ.DE?

On fees, FGEQ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FESD.DE or FGEQ.DE?

FGEQ.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for FESD.DE.

What is the main difference between FESD.DE and FGEQ.DE?

FESD.DE is categorized as Emerging Markets Bonds, while FGEQ.DE is Global Equities. FESD.DE tracks Fidelity Sustainable USD EM Bond, while FGEQ.DE tracks Fidelity Global Quality Income index. Their fees differ too: 0.45% for FESD.DE and 0.40% for FGEQ.DE.