FEUI.DE vs. ED3F.DE
FEUI.DE (Fidelity Europe Quality Income UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - FEUI.DE is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, FEUI.DE returned 16.12% vs -1.88% for ED3F.DE. At a 0.24 correlation, their price movements are largely independent. FEUI.DE charges 0.30%/yr vs 0.40%/yr for ED3F.DE.
Performance
FEUI.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FEUI.DE achieves a 7.79% return, which is significantly higher than ED3F.DE's 0.02% return.
FEUI.DE
- 1D
- 0.65%
- 1M
- 2.70%
- YTD
- 7.79%
- 6M
- 9.55%
- 1Y
- 16.12%
- 3Y*
- 13.31%
- 5Y*
- 8.02%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEUI.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 7.79% | 7.64% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between FEUI.DE and ED3F.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.24 |
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Return for Risk
FEUI.DE vs. ED3F.DE — Risk / Return Rank
FEUI.DE
ED3F.DE
FEUI.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| FEUI.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.08 | +1.99 |
| Martin ratioReturn relative to average drawdown | 6.52 | -0.18 | +6.70 |
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
| FEUI.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | -0.06 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.15 | +0.40 |
Drawdowns
FEUI.DE vs. ED3F.DE - Drawdown Comparison
The maximum FEUI.DE drawdown since its inception was -33.84%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for FEUI.DE and ED3F.DE.
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Drawdown Indicators
| FEUI.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -23.91% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -23.91% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -20.80% | +19.11% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -8.37% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 10.25% | -7.78% |
Volatility
FEUI.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Fidelity Europe Quality Income UCITS ETF (FEUI.DE) is 4.83%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that FEUI.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEUI.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 10.58% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 22.80% | -12.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 30.60% | -17.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 30.42% | -15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 30.42% | -13.76% |
FEUI.DE vs. ED3F.DE - Expense Ratio Comparison
FEUI.DE has a 0.30% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
FEUI.DE vs. ED3F.DE - Dividend Comparison
FEUI.DE's dividend yield for the trailing twelve months is around 3.50%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 3.50% | 3.09% | 3.55% | 4.02% | 5.06% | 3.98% | 2.56% | 0.41% |
Frequently Asked Questions
FEUI.DE and ED3F.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEUI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEUI.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.
FEUI.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. FEUI.DE tracks MSCI Europe High Div Yld NR EUR, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.30% for FEUI.DE and 0.40% for ED3F.DE.
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