FEUI.DE vs. FESD.DE
FEUI.DE (Fidelity Europe Quality Income UCITS ETF) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both exchange-traded funds - FEUI.DE is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while FESD.DE is a Emerging Markets Bonds fund tracking the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, FEUI.DE returned 8.02%/yr vs 1.89%/yr for FESD.DE. At a 0.11 correlation, their price movements are largely independent. FEUI.DE charges 0.30%/yr vs 0.45%/yr for FESD.DE.
Performance
FEUI.DE vs. FESD.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 FESD.DE's 3.41% 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*
- —
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
FEUI.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 7.79% | 18.53% | 5.59% | 18.51% | -15.30% | 19.06% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between FEUI.DE and FESD.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.11 |
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Return for Risk
FEUI.DE vs. FESD.DE — Risk / Return Rank
FEUI.DE
FESD.DE
FEUI.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.46 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.52 | 6.56 | -0.04 |
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 | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.40 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.22 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.19 | +0.36 |
Drawdowns
FEUI.DE vs. FESD.DE - Drawdown Comparison
The maximum FEUI.DE drawdown since its inception was -33.84%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for FEUI.DE and FESD.DE.
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Drawdown Indicators
| FEUI.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -16.01% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -3.71% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -12.34% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -16.01% | -8.72% |
Current DrawdownCurrent decline from peak | -1.69% | -0.59% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -7.16% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.39% | +1.08% |
Volatility
FEUI.DE vs. FESD.DE - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.DE) has a higher volatility of 4.83% compared to Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) at 2.28%. This indicates that FEUI.DE's price experiences larger fluctuations and is considered to be riskier than FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 2.28% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 4.57% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 6.51% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 8.80% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 8.70% | +7.96% |
FEUI.DE vs. FESD.DE - Expense Ratio Comparison
FEUI.DE has a 0.30% expense ratio, which is lower than FESD.DE's 0.45% expense ratio.
Dividends
FEUI.DE vs. FESD.DE - Dividend Comparison
FEUI.DE's dividend yield for the trailing twelve months is around 3.50%, less than FESD.DE's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
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 FESD.DE have a correlation of 0.21, 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 0.45% for FESD.DE.
FEUI.DE is categorized as Europe Equities, while FESD.DE is Emerging Markets Bonds. FEUI.DE tracks MSCI Europe High Div Yld NR EUR, while FESD.DE tracks Fidelity Sustainable USD EM Bond. Their fees differ too: 0.30% for FEUI.DE and 0.45% for FESD.DE.
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