FEUI.L vs. QDVX.DE
FEUI.L (Fidelity Europe Quality Income UCITS ETF) and QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) are both Europe Equities funds - FEUI.L tracks the MSCI Europe High Div Yld NR EUR while QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. Both are passively managed. Over the past 5 years, FEUI.L returned 7.70%/yr vs 10.39%/yr for QDVX.DE. A 0.79 correlation means they provide meaningful diversification when combined. FEUI.L charges 0.30%/yr vs 0.28%/yr for QDVX.DE.
Performance
FEUI.L vs. QDVX.DE - Performance Comparison
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Different Trading Currencies
FEUI.L is traded in GBP, while QDVX.DE is traded in EUR. To make them comparable, the QDVX.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 8.10% return, which is significantly higher than QDVX.DE's 6.37% return.
FEUI.L
- 1D
- 0.00%
- 1M
- 2.96%
- YTD
- 8.10%
- 6M
- 8.65%
- 1Y
- 19.32%
- 3Y*
- 13.49%
- 5Y*
- 7.70%
- 10Y*
- —
QDVX.DE
- 1D
- 0.30%
- 1M
- 3.24%
- YTD
- 6.37%
- 6M
- 6.90%
- 1Y
- 13.30%
- 3Y*
- 12.19%
- 5Y*
- 10.39%
- 10Y*
- —
FEUI.L vs. QDVX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEUI.L Fidelity Europe Quality Income UCITS ETF | 8.10% | 23.83% | 1.23% | 15.49% | -11.03% | 17.17% | 2.81% | -7.35% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 6.37% | 17.08% | 5.97% | 12.91% | 6.35% | 10.46% | -4.94% | 6.37% |
Correlation
The correlation between FEUI.L and QDVX.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2019 | 0.79 |
The correlation between FEUI.L and QDVX.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
FEUI.L vs. QDVX.DE — Risk / Return Rank
FEUI.L
QDVX.DE
FEUI.L vs. QDVX.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 iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEUI.L | QDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.40 | +0.61 |
| Martin ratioReturn relative to average drawdown | 6.51 | 4.45 | +2.06 |
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Drawdowns
FEUI.L vs. QDVX.DE - Drawdown Comparison
The maximum FEUI.L drawdown since its inception was -30.39%, roughly equal to the maximum QDVX.DE drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for FEUI.L and QDVX.DE.
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Drawdown Indicators
| FEUI.L | QDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -31.72% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.49% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -11.26% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -11.96% | -11.07% |
Current DrawdownCurrent decline from peak | -0.92% | -0.63% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -3.93% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.98% | -0.02% |
Volatility
FEUI.L vs. QDVX.DE - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.L) and iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) have volatilities of 2.96% and 2.82%, 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.
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Volatility by Period
| FEUI.L | QDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.82% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 8.81% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 11.23% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 12.79% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 14.84% | +1.46% |
FEUI.L vs. QDVX.DE - Expense Ratio Comparison
FEUI.L has a 0.30% expense ratio, which is higher than QDVX.DE's 0.28% expense ratio.
Dividends
FEUI.L vs. QDVX.DE - Dividend Comparison
FEUI.L's dividend yield for the trailing twelve months is around 3.48%, more than QDVX.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FEUI.L Fidelity Europe Quality Income UCITS ETF | 3.48% | 3.02% | 3.63% | 3.66% | 3.71% | 2.93% | 2.53% | 0.27% | 0.00% | 0.00% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.13% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% |
Frequently Asked Questions
FEUI.L and QDVX.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVX.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVX.DE is cheaper with a 0.28% expense ratio, compared with 0.30% for FEUI.L.
FEUI.L tracks MSCI Europe High Div Yld NR EUR, while QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUI.L and 0.28% for QDVX.DE.
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