FEUI.L vs. SPYW.DE
FEUI.L (Fidelity Europe Quality Income UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds - FEUI.L tracks the MSCI Europe High Div Yld NR EUR while SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, FEUI.L returned 7.70%/yr vs 8.32%/yr for SPYW.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
FEUI.L vs. SPYW.DE - Performance Comparison
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Different Trading Currencies
FEUI.L is traded in GBP, while SPYW.DE is traded in EUR. To make them comparable, the SPYW.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 SPYW.DE's 6.39% 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*
- —
SPYW.DE
- 1D
- -0.02%
- 1M
- 1.43%
- YTD
- 6.39%
- 6M
- 7.65%
- 1Y
- 12.71%
- 3Y*
- 14.27%
- 5Y*
- 8.32%
- 10Y*
- 8.60%
FEUI.L vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 6.39% | 26.46% | 3.59% | 15.56% | -6.35% | 6.31% | -6.91% | 3.08% |
Correlation
The correlation between FEUI.L and SPYW.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2019 | 0.78 |
The correlation between FEUI.L and SPYW.DE shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEUI.L vs. SPYW.DE — Risk / Return Rank
FEUI.L
SPYW.DE
FEUI.L vs. SPYW.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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.38 | +0.62 |
| Martin ratioReturn relative to average drawdown | 6.51 | 4.49 | +2.01 |
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Drawdowns
FEUI.L vs. SPYW.DE - Drawdown Comparison
The maximum FEUI.L drawdown since its inception was -30.39%, roughly equal to the maximum SPYW.DE drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for FEUI.L and SPYW.DE.
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Drawdown Indicators
| FEUI.L | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -31.24% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.15% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -10.39% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -22.18% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.24% | — |
Current DrawdownCurrent decline from peak | -0.92% | -2.08% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -5.31% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.82% | +0.14% |
Volatility
FEUI.L vs. SPYW.DE - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a higher volatility of 2.96% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.06%. This indicates that FEUI.L's price experiences larger fluctuations and is considered to be riskier than SPYW.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.L | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.06% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 9.00% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 10.83% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 13.67% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 15.02% | +1.28% |
FEUI.L vs. SPYW.DE - Expense Ratio Comparison
Both FEUI.L and SPYW.DE have an expense ratio of 0.30%.
Dividends
FEUI.L vs. SPYW.DE - Dividend Comparison
FEUI.L's dividend yield for the trailing twelve months is around 3.48%, less than SPYW.DE's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.53% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
FEUI.L and SPYW.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FEUI.L and SPYW.DE have the same expense ratio: 0.30% per year.
FEUI.L tracks MSCI Europe High Div Yld NR EUR, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. They also come from different issuers: Fidelity and State Street.
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