FEUI.L vs. 18M2.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Europe Quality Income UCITS ETF (FEUI.L) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE).

FEUI.L and 18M2.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEUI.L is a passively managed fund by Fidelity that tracks the performance of the MSCI Europe High Div Yld NR EUR. It was launched on Sep 9, 2019. 18M2.DE is a passively managed fund by Amundi that tracks the performance of the MSCI EMU High Dividend Yield. It was launched on Mar 3, 2009. Both FEUI.L and 18M2.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FEUI.L vs. 18M2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEUI.L) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE). The values are adjusted to include any dividend payments, if applicable.

FEUI.L vs. 18M2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FEUI.L Fidelity Europe Quality Income UCITS ETF	2.43%	23.71%	1.32%	15.55%	-11.16%	17.18%	2.92%	3.11%
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR	4.31%	27.81%	-1.14%	13.82%	-1.35%	7.84%	-1.10%	2.54%

Different Trading Currencies

FEUI.L is traded in GBP, while 18M2.DE is traded in EUR. To make them comparable, the 18M2.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUI.L achieves a 2.43% return, which is significantly lower than 18M2.DE's 4.31% return.

FEUI.L

• 1D: 1.94%
• 1M: -3.40%
• YTD: 2.43%
• 6M: 7.91%
• 1Y: 18.49%
• 3Y*: 11.82%
• 5Y*: 8.51%
• 10Y*: —

18M2.DE

• 1D: 1.50%
• 1M: -0.27%
• YTD: 4.31%
• 6M: 11.53%
• 1Y: 21.94%
• 3Y*: 11.48%
• 5Y*: 9.36%
• 10Y*: 9.26%

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

FEUI.L vs. 18M2.DE - Expense Ratio Comparison

Both FEUI.L and 18M2.DE have an expense ratio of 0.30%.

FEUI.L

Fidelity Europe Quality Income UCITS ETF

18M2.DE

Amundi ETF MSCI EMU High Dividend UCITS ETF EUR

Return for Risk

FEUI.L vs. 18M2.DE — Risk / Return Rank

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

FEUI.L

FEUI.L Risk / Return Rank: 68
FEUI.L Sharpe Ratio Rank: 72
FEUI.L Sortino Ratio Rank: 67
FEUI.L Omega Ratio Rank: 67
FEUI.L Calmar Ratio Rank: 72
FEUI.L Martin Ratio Rank: 65

18M2.DE

18M2.DE Risk / Return Rank: 64
18M2.DE Sharpe Ratio Rank: 68
18M2.DE Sortino Ratio Rank: 61
18M2.DE Omega Ratio Rank: 68
18M2.DE Calmar Ratio Rank: 63
18M2.DE Martin Ratio Rank: 58

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.

FEUI.L vs. 18M2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.L) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.L	18M2.DE	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.66	-0.32
Sortino ratio Return per unit of downside risk	1.75	2.18	-0.43
Omega ratio Gain probability vs. loss probability	1.26	1.33	-0.08
Calmar ratio Return relative to maximum drawdown	1.98	2.55	-0.57
Martin ratio Return relative to average drawdown	6.96	8.36	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUI.L vs. 18M2.DE - Sharpe Ratio Comparison

The current FEUI.L Sharpe Ratio is 1.33, which is comparable to the 18M2.DE Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FEUI.L and 18M2.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEUI.L	18M2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.66	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.67	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.41	+0.09

Correlation

The correlation between FEUI.L and 18M2.DE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FEUI.L vs. 18M2.DE - Dividend Comparison

FEUI.L's dividend yield for the trailing twelve months is around 3.05%, while 18M2.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
FEUI.L Fidelity Europe Quality Income UCITS ETF	3.05%	3.02%	3.63%	3.66%	3.71%	2.93%	2.53%	0.23%
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FEUI.L vs. 18M2.DE - Drawdown Comparison

The maximum FEUI.L drawdown since its inception was -26.77%, smaller than the maximum 18M2.DE drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for FEUI.L and 18M2.DE.

Drawdown Indicators

	FEUI.L	18M2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.77%	-37.06%	+10.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-11.63%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-20.81%	-2.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.06%	—
Current Drawdown Current decline from peak	-6.12%	-1.97%	-4.15%
Average Drawdown Average peak-to-trough decline	-5.28%	-6.48%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.76%	-0.03%

Volatility

FEUI.L vs. 18M2.DE - Volatility Comparison

Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a higher volatility of 4.81% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 4.14%. This indicates that FEUI.L's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUI.L	18M2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	4.14%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	8.29%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	13.21%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	13.87%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	15.55%	+0.26%