FEUQ.DE vs. XESP.DE
FEUQ.DE (Fidelity Europe Quality Income UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - FEUQ.DE tracks the Fidelity Europe Quality Income while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, FEUQ.DE returned 7.82%/yr vs 18.91%/yr for XESP.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
FEUQ.DE vs. XESP.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 higher than XESP.DE's 7.33% 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*
- —
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
FEUQ.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -3.56% |
Correlation
The correlation between FEUQ.DE and XESP.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017 | 0.75 |
The correlation between FEUQ.DE and XESP.DE has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
FEUQ.DE vs. XESP.DE — Risk / Return Rank
FEUQ.DE
XESP.DE
FEUQ.DE vs. XESP.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 Xtrackers Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.51 | -1.45 |
| Martin ratioReturn relative to average drawdown | 6.96 | 12.31 | -5.34 |
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 | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.12 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.12 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.55 | -0.06 |
Drawdowns
FEUQ.DE vs. XESP.DE - Drawdown Comparison
The maximum FEUQ.DE drawdown since its inception was -33.84%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for FEUQ.DE and XESP.DE.
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Drawdown Indicators
| FEUQ.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -39.02% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -10.17% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -12.93% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.53% | -18.59% | -6.94% |
Current DrawdownCurrent decline from peak | -1.31% | -0.54% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -7.37% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.91% | -0.50% |
Volatility
FEUQ.DE vs. XESP.DE - Volatility Comparison
The current volatility for Fidelity Europe Quality Income UCITS ETF (FEUQ.DE) is 3.87%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.48%. This indicates that FEUQ.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.48% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 14.04% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 16.86% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 16.68% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 18.78% | -3.21% |
FEUQ.DE vs. XESP.DE - Expense Ratio Comparison
Both FEUQ.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
FEUQ.DE vs. XESP.DE - Dividend Comparison
Neither FEUQ.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUQ.DE and XESP.DE have a correlation of 0.73, 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.
FEUQ.DE and XESP.DE have the same expense ratio: 0.30% per year.
FEUQ.DE tracks Fidelity Europe Quality Income, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Fidelity and Xtrackers.
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