FEUI.DE vs. VHYL.AS
FEUI.DE (Fidelity Europe Quality Income UCITS ETF) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - FEUI.DE is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, FEUI.DE returned 8.02%/yr vs 11.50%/yr for VHYL.AS. A 0.77 correlation means they provide meaningful diversification when combined. FEUI.DE charges 0.30%/yr vs 0.29%/yr for VHYL.AS.
Performance
FEUI.DE vs. VHYL.AS - 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 lower than VHYL.AS's 12.61% 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*
- —
VHYL.AS
- 1D
- 0.20%
- 1M
- 3.45%
- YTD
- 12.61%
- 6M
- 14.16%
- 1Y
- 25.03%
- 3Y*
- 15.90%
- 5Y*
- 11.50%
- 10Y*
- 9.66%
FEUI.DE vs. VHYL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 7.79% | 18.53% | 5.59% | 18.51% | -15.30% | 26.87% | -2.74% | 8.86% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 12.61% | 12.40% | 16.77% | 7.02% | 0.17% | 27.85% | -8.79% | 5.60% |
Correlation
The correlation between FEUI.DE and VHYL.AS is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.77 |
The correlation between FEUI.DE and VHYL.AS has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
FEUI.DE vs. VHYL.AS — Risk / Return Rank
FEUI.DE
VHYL.AS
FEUI.DE vs. VHYL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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 | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.51 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.17 | -2.26 |
| Martin ratioReturn relative to average drawdown | 6.52 | 15.90 | -9.38 |
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 | VHYL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.71 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.98 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.66 | -0.10 |
Drawdowns
FEUI.DE vs. VHYL.AS - Drawdown Comparison
The maximum FEUI.DE drawdown since its inception was -33.84%, roughly equal to the maximum VHYL.AS drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for FEUI.DE and VHYL.AS.
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Drawdown Indicators
| FEUI.DE | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -34.08% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -5.93% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -16.76% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -16.76% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -1.69% | -0.24% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -4.34% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.56% | +0.91% |
Volatility
FEUI.DE vs. VHYL.AS - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.DE) has a higher volatility of 4.83% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.22%. This indicates that FEUI.DE's price experiences larger fluctuations and is considered to be riskier than VHYL.AS 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 | VHYL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 2.22% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 6.95% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 9.10% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 11.57% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 13.59% | +3.07% |
FEUI.DE vs. VHYL.AS - Expense Ratio Comparison
FEUI.DE has a 0.30% expense ratio, which is higher than VHYL.AS's 0.29% expense ratio.
Dividends
FEUI.DE vs. VHYL.AS - Dividend Comparison
FEUI.DE's dividend yield for the trailing twelve months is around 3.50%, more than VHYL.AS's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 3.50% | 3.09% | 3.55% | 4.02% | 5.06% | 3.98% | 2.56% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.49% | 2.85% | 3.03% | 3.40% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
FEUI.DE and VHYL.AS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.30% for FEUI.DE.
FEUI.DE is categorized as Europe Equities, while VHYL.AS is Global Equities. FEUI.DE tracks MSCI Europe High Div Yld NR EUR, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.30% for FEUI.DE and 0.29% for VHYL.AS.
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