FEUQ.DE vs. FEUI.DE
FEUQ.DE (Fidelity Europe Quality Income UCITS ETF) and FEUI.DE (Fidelity Europe Quality Income UCITS ETF) are both Europe Equities funds from Fidelity - FEUQ.DE tracks the Fidelity Europe Quality Income while FEUI.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, FEUQ.DE returned 7.82%/yr vs 8.02%/yr for FEUI.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
FEUQ.DE vs. FEUI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FEUQ.DE having a 8.15% return and FEUI.DE slightly lower at 7.79%.
FEUQ.DE
- 1D
- 0.88%
- 1M
- 2.96%
- YTD
- 8.15%
- 6M
- 10.73%
- 1Y
- 16.82%
- 3Y*
- 13.41%
- 5Y*
- 7.82%
- 10Y*
- —
FEUI.DE
- 1D
- 0.65%
- 1M
- 2.70%
- YTD
- 7.79%
- 6M
- 9.55%
- 1Y
- 16.12%
- 3Y*
- 13.31%
- 5Y*
- 8.02%
- 10Y*
- —
FEUQ.DE vs. FEUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEUQ.DE Fidelity Europe Quality Income UCITS ETF | 8.15% | 18.63% | 5.62% | 17.92% | -16.24% | 25.15% | -2.54% | 8.55% |
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 7.79% | 18.53% | 5.59% | 18.51% | -15.30% | 26.87% | -2.74% | 8.86% |
Correlation
The correlation between FEUQ.DE and FEUI.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.98 |
The correlation between FEUQ.DE and FEUI.DE has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
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Return for Risk
FEUQ.DE vs. FEUI.DE — Risk / Return Rank
FEUQ.DE
FEUI.DE
FEUQ.DE vs. FEUI.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 Fidelity Europe Quality Income UCITS ETF (FEUI.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 | FEUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.91 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.96 | 6.52 | +0.44 |
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 | FEUI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.25 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.54 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.55 | -0.06 |
Drawdowns
FEUQ.DE vs. FEUI.DE - Drawdown Comparison
The maximum FEUQ.DE drawdown since its inception was -33.84%, roughly equal to the maximum FEUI.DE drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for FEUQ.DE and FEUI.DE.
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Drawdown Indicators
| FEUQ.DE | FEUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -33.84% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.42% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -16.18% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.53% | -24.73% | -0.80% |
Current DrawdownCurrent decline from peak | -1.31% | -1.69% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -6.37% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.47% | -0.06% |
Volatility
FEUQ.DE vs. FEUI.DE - Volatility Comparison
The current volatility for Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) is 3.87%, while Fidelity Europe Quality Income UCITS ETF (FEUI.DE) has a volatility of 4.83%. This indicates that FEUQ.DE experiences smaller price fluctuations and is considered to be less risky than FEUI.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 | FEUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.83% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 10.24% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 12.80% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 14.60% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 16.66% | -1.09% |
FEUQ.DE vs. FEUI.DE - Expense Ratio Comparison
Both FEUQ.DE and FEUI.DE have an expense ratio of 0.30%.
Dividends
FEUQ.DE vs. FEUI.DE - Dividend Comparison
FEUQ.DE has not paid dividends to shareholders, while FEUI.DE's dividend yield for the trailing twelve months is around 3.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FEUI.DE Fidelity Europe Quality Income UCITS ETF | 3.50% | 3.09% | 3.55% | 4.02% | 5.06% | 3.98% | 2.56% | 0.41% |
FEUQ.DE Fidelity Europe Quality Income UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, FEUQ.DE and FEUI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FEUQ.DE and FEUI.DE have the same expense ratio: 0.30% per year.
FEUQ.DE tracks Fidelity Europe Quality Income, while FEUI.DE tracks MSCI Europe High Div Yld NR EUR.
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