FEUQ.DE vs. PRAE.DE

Last updated Jun 5, 2026

FEUQ.DE (Fidelity Europe Quality Income UCITS ETF) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - FEUQ.DE tracks the Fidelity Europe Quality Income while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, FEUQ.DE returned 7.82%/yr vs 10.04%/yr for PRAE.DE. Their correlation of 0.86 suggests significant overlap in exposure. FEUQ.DE charges 0.30%/yr vs 0.05%/yr for PRAE.DE.

Performance

FEUQ.DE vs. PRAE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) and Amundi Prime Europe UCITS ETF (PRAE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEUQ.DE achieves a 8.15% return, which is significantly higher than PRAE.DE's 7.71% 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*: —

PRAE.DE

• 1D: 0.23%
• 1M: 0.88%
• YTD: 7.71%
• 6M: 9.87%
• 1Y: 16.29%
• 3Y*: 13.87%
• 5Y*: 10.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUQ.DE vs. PRAE.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%	-3.98%
PRAE.DE Amundi Prime Europe UCITS ETF	7.71%	20.47%	8.49%	15.73%	-9.25%	25.29%	-4.31%

Correlation

The correlation between FEUQ.DE and PRAE.DE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.86

The correlation between FEUQ.DE and PRAE.DE has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.

Return for Risk

FEUQ.DE vs. PRAE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEUQ.DE

FEUQ.DE Risk / Return Rank: 40
FEUQ.DE Sharpe Ratio Rank: 39
FEUQ.DE Sortino Ratio Rank: 39
FEUQ.DE Omega Ratio Rank: 37
FEUQ.DE Calmar Ratio Rank: 42
FEUQ.DE Martin Ratio Rank: 44

PRAE.DE

PRAE.DE Risk / Return Rank: 38
PRAE.DE Sharpe Ratio Rank: 37
PRAE.DE Sortino Ratio Rank: 37
PRAE.DE Omega Ratio Rank: 38
PRAE.DE Calmar Ratio Rank: 36
PRAE.DE Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEUQ.DE vs. PRAE.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 Amundi Prime Europe UCITS ETF (PRAE.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	PRAE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.29	+0.08
Sortino ratio: Return per unit of downside risk	1.97	1.90	+0.07
Omega ratio: Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	2.06	1.75	+0.31
Martin ratio: Return relative to average drawdown	6.96	6.64	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUQ.DE vs. PRAE.DE - Sharpe Ratio Comparison

The current FEUQ.DE Sharpe Ratio is 1.37, which is comparable to the PRAE.DE Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FEUQ.DE and PRAE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEUQ.DE	PRAE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.29	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.69	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.54	-0.05

Drawdowns

FEUQ.DE vs. PRAE.DE - Drawdown Comparison

The maximum FEUQ.DE drawdown since its inception was -33.84%, roughly equal to the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for FEUQ.DE and PRAE.DE.

Drawdown Indicators

	FEUQ.DE	PRAE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.84%	-32.86%	-0.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-9.54%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.17%	-16.94%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-25.53%	-19.60%	-5.93%
Current Drawdown Current decline from peak	-1.31%	-1.63%	+0.32%
Average Drawdown Average peak-to-trough decline	-5.89%	-5.27%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.52%	-0.11%

Volatility

FEUQ.DE vs. PRAE.DE - Volatility Comparison

The current volatility for Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) is 3.87%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 4.39%. This indicates that FEUQ.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUQ.DE	PRAE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.39%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	10.66%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	12.97%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	14.42%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	17.22%	-1.65%

FEUQ.DE vs. PRAE.DE - Expense Ratio Comparison

FEUQ.DE has a 0.30% expense ratio, which is higher than PRAE.DE's 0.05% expense ratio.

Dividends

FEUQ.DE vs. PRAE.DE - Dividend Comparison

Neither FEUQ.DE nor PRAE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FEUQ.DE and PRAE.DE in my portfolio?

With a correlation of 0.93, FEUQ.DE and PRAE.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.

Which ETF is better, FEUQ.DE or PRAE.DE?

On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUQ.DE or PRAE.DE?

PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for FEUQ.DE.

What is the main difference between FEUQ.DE and PRAE.DE?

FEUQ.DE tracks Fidelity Europe Quality Income, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: Fidelity and Amundi. Their fees differ too: 0.30% for FEUQ.DE and 0.05% for PRAE.DE.