FEUR.DE vs. EUN0.DE
FEUR.DE (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - FEUR.DE tracks the MSCI Europe NR EUR while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, FEUR.DE returned 8.30%/yr vs 7.36%/yr for EUN0.DE. Their correlation of 0.82 suggests significant overlap in exposure. FEUR.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
FEUR.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FEUR.DE achieves a 6.02% return, which is significantly higher than EUN0.DE's 5.60% return.
FEUR.DE
- 1D
- 0.83%
- 1M
- 0.77%
- YTD
- 6.02%
- 6M
- 8.38%
- 1Y
- 11.50%
- 3Y*
- 11.32%
- 5Y*
- 8.30%
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
FEUR.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FEUR.DE Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc | 6.02% | 17.35% | 7.16% | 13.97% | -10.43% | 25.84% | 9.40% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | 4.06% |
Correlation
The correlation between FEUR.DE and EUN0.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.82 |
The correlation between FEUR.DE and EUN0.DE has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
FEUR.DE vs. EUN0.DE — Risk / Return Rank
FEUR.DE
EUN0.DE
FEUR.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| FEUR.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.76 | +0.45 |
| Martin ratioReturn relative to average drawdown | 4.33 | 1.97 | +2.35 |
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
| FEUR.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.62 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.66 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.63 | +0.10 |
Drawdowns
FEUR.DE vs. EUN0.DE - Drawdown Comparison
The maximum FEUR.DE drawdown since its inception was -20.36%, smaller than the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for FEUR.DE and EUN0.DE.
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Drawdown Indicators
| FEUR.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -30.68% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -7.16% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -10.73% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -19.64% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -1.59% | -3.12% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -4.69% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.76% | +0.01% |
Volatility
FEUR.DE vs. EUN0.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) has a higher volatility of 4.22% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that FEUR.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEUR.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.03% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 7.20% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 8.77% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 11.02% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 12.51% | +2.30% |
FEUR.DE vs. EUN0.DE - Expense Ratio Comparison
FEUR.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
FEUR.DE vs. EUN0.DE - Dividend Comparison
Neither FEUR.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUR.DE and EUN0.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for FEUR.DE.
FEUR.DE tracks MSCI Europe NR EUR, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUR.DE and 0.25% for EUN0.DE.
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