FEUR.DE vs. FTGE.DE
FEUR.DE (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - FEUR.DE tracks the MSCI Europe NR EUR while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, FEUR.DE returned 8.30%/yr vs 11.59%/yr for FTGE.DE. Their correlation of 0.85 suggests significant overlap in exposure. FEUR.DE charges 0.30%/yr vs 0.65%/yr for FTGE.DE.
Performance
FEUR.DE vs. FTGE.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 lower than FTGE.DE's 13.73% return.
FEUR.DE
- 1D
- 0.83%
- 1M
- 3.37%
- YTD
- 6.02%
- 6M
- 8.42%
- 1Y
- 12.02%
- 3Y*
- 11.32%
- 5Y*
- 8.30%
- 10Y*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
FEUR.DE vs. FTGE.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% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 12.29% |
Correlation
The correlation between FEUR.DE and FTGE.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.85 |
The correlation between FEUR.DE and FTGE.DE has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
FEUR.DE vs. FTGE.DE — Risk / Return Rank
FEUR.DE
FTGE.DE
FEUR.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.27 | -2.07 |
| Martin ratioReturn relative to average drawdown | 4.33 | 12.30 | -7.97 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.16 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.65 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.88 | -0.15 |
Drawdowns
FEUR.DE vs. FTGE.DE - Drawdown Comparison
The maximum FEUR.DE drawdown since its inception was -20.36%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for FEUR.DE and FTGE.DE.
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Drawdown Indicators
| FEUR.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -26.63% | +6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -9.38% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -16.12% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -26.63% | +6.27% |
Current DrawdownCurrent decline from peak | -1.59% | 0.00% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -5.40% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.50% | +0.27% |
Volatility
FEUR.DE vs. FTGE.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) has a higher volatility of 4.22% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that FEUR.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.83% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 11.63% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 14.23% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 17.58% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 18.41% | -3.60% |
FEUR.DE vs. FTGE.DE - Expense Ratio Comparison
FEUR.DE has a 0.30% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
FEUR.DE vs. FTGE.DE - Dividend Comparison
Neither FEUR.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
FEUR.DE and FTGE.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEUR.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEUR.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for FTGE.DE.
FEUR.DE tracks MSCI Europe NR EUR, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.30% for FEUR.DE and 0.65% for FTGE.DE.
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