FEUQ.DE vs. FGLR.DE
FEUQ.DE (Fidelity Europe Quality Income UCITS ETF) and FGLR.DE (Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc) are both exchange-traded funds - FEUQ.DE is a Europe Equities fund tracking the Fidelity Europe Quality Income, while FGLR.DE is a Global Equities fund tracking the Fidelity Sustainable Research Enhanced Global Equity. Both are passively managed. Over the past 5 years, FEUQ.DE returned 7.82%/yr vs 11.73%/yr for FGLR.DE. A 0.76 correlation means they provide meaningful diversification when combined. FEUQ.DE charges 0.30%/yr vs 0.35%/yr for FGLR.DE.
Performance
FEUQ.DE vs. FGLR.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 FGLR.DE's 9.94% return.
FEUQ.DE
- 1D
- 0.88%
- 1M
- 2.96%
- YTD
- 8.15%
- 6M
- 10.73%
- 1Y
- 16.82%
- 3Y*
- 13.41%
- 5Y*
- 7.82%
- 10Y*
- —
FGLR.DE
- 1D
- 0.13%
- 1M
- 4.17%
- YTD
- 9.94%
- 6M
- 10.09%
- 1Y
- 22.01%
- 3Y*
- 15.71%
- 5Y*
- 11.73%
- 10Y*
- —
FEUQ.DE vs. FGLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FEUQ.DE Fidelity Europe Quality Income UCITS ETF | 8.15% | 18.63% | 5.62% | 17.92% | -16.24% | 25.15% | 7.38% |
FGLR.DE Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 9.94% | 5.43% | 24.62% | 20.29% | -14.52% | 32.48% | 11.79% |
Correlation
The correlation between FEUQ.DE and FGLR.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.76 |
The correlation between FEUQ.DE and FGLR.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
FEUQ.DE vs. FGLR.DE — Risk / Return Rank
FEUQ.DE
FGLR.DE
FEUQ.DE vs. FGLR.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 Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.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 | FGLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.00 | -0.94 |
| Martin ratioReturn relative to average drawdown | 6.96 | 11.73 | -4.77 |
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 | FGLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.93 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.82 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.96 | -0.47 |
Drawdowns
FEUQ.DE vs. FGLR.DE - Drawdown Comparison
The maximum FEUQ.DE drawdown since its inception was -33.84%, which is greater than FGLR.DE's maximum drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for FEUQ.DE and FGLR.DE.
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Drawdown Indicators
| FEUQ.DE | FGLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -22.47% | -11.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -7.30% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -22.47% | +6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -25.53% | -22.47% | -3.06% |
Current DrawdownCurrent decline from peak | -1.31% | -0.15% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -3.98% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 1.87% | +0.54% |
Volatility
FEUQ.DE vs. FGLR.DE - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) has a higher volatility of 3.87% compared to Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) at 2.51%. This indicates that FEUQ.DE's price experiences larger fluctuations and is considered to be riskier than FGLR.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 | FGLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.51% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.91% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 11.33% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 14.21% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 14.39% | +1.18% |
FEUQ.DE vs. FGLR.DE - Expense Ratio Comparison
FEUQ.DE has a 0.30% expense ratio, which is lower than FGLR.DE's 0.35% expense ratio.
Dividends
FEUQ.DE vs. FGLR.DE - Dividend Comparison
Neither FEUQ.DE nor FGLR.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUQ.DE and FGLR.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEUQ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEUQ.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for FGLR.DE.
FEUQ.DE is categorized as Europe Equities, while FGLR.DE is Global Equities. FEUQ.DE tracks Fidelity Europe Quality Income, while FGLR.DE tracks Fidelity Sustainable Research Enhanced Global Equity. Their fees differ too: 0.30% for FEUQ.DE and 0.35% for FGLR.DE.
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