FEUQ.DE vs. CEMS.DE
FEUQ.DE (Fidelity Europe Quality Income UCITS ETF) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - FEUQ.DE tracks the Fidelity Europe Quality Income while CEMS.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, FEUQ.DE returned 7.82%/yr vs 14.47%/yr for CEMS.DE. Their correlation of 0.86 suggests significant overlap in exposure. FEUQ.DE charges 0.30%/yr vs 0.25%/yr for CEMS.DE.
Performance
FEUQ.DE vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FEUQ.DE achieves a 8.15% return, which is significantly lower than CEMS.DE's 13.72% return.
FEUQ.DE
- 1D
- 0.88%
- 1M
- 1.29%
- YTD
- 8.15%
- 6M
- 10.42%
- 1Y
- 16.55%
- 3Y*
- 13.41%
- 5Y*
- 7.82%
- 10Y*
- —
CEMS.DE
- 1D
- 0.10%
- 1M
- 2.64%
- YTD
- 13.72%
- 6M
- 16.98%
- 1Y
- 32.08%
- 3Y*
- 21.63%
- 5Y*
- 14.47%
- 10Y*
- 10.71%
FEUQ.DE vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEUQ.DE Fidelity Europe Quality Income UCITS ETF | 8.15% | 18.63% | 5.62% | 17.92% | -16.24% | 25.15% | -2.54% | 30.46% | -9.06% | -1.88% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 35.97% | 9.93% | 13.90% | -4.54% | 26.62% | -8.86% | 23.48% | -14.04% | -1.03% |
Correlation
The correlation between FEUQ.DE and CEMS.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017 | 0.86 |
The correlation between FEUQ.DE and CEMS.DE has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
FEUQ.DE vs. CEMS.DE — Risk / Return Rank
FEUQ.DE
CEMS.DE
FEUQ.DE vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
| FEUQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.29 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.96 | 12.37 | -5.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEUQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.37 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.94 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Drawdowns
FEUQ.DE vs. CEMS.DE - Drawdown Comparison
The maximum FEUQ.DE drawdown since its inception was -33.84%, smaller than the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for FEUQ.DE and CEMS.DE.
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Drawdown Indicators
| FEUQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -40.20% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -9.99% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -17.57% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.53% | -19.55% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.20% | — |
Current DrawdownCurrent decline from peak | -1.31% | -1.26% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -7.49% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.66% | -0.25% |
Volatility
FEUQ.DE vs. CEMS.DE - Volatility Comparison
The current volatility for Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) is 3.87%, while iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) has a volatility of 4.65%. This indicates that FEUQ.DE experiences smaller price fluctuations and is considered to be less risky than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEUQ.DE | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.65% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 11.17% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 13.87% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 15.23% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 17.43% | -1.86% |
FEUQ.DE vs. CEMS.DE - Expense Ratio Comparison
FEUQ.DE has a 0.30% expense ratio, which is higher than CEMS.DE's 0.25% expense ratio.
Dividends
FEUQ.DE vs. CEMS.DE - Dividend Comparison
Neither FEUQ.DE nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUQ.DE and CEMS.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for FEUQ.DE.
FEUQ.DE tracks Fidelity Europe Quality Income, while CEMS.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUQ.DE and 0.25% for CEMS.DE.
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