FEUR.DE vs. XESD.DE
FEUR.DE (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - FEUR.DE tracks the MSCI Europe NR EUR while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, FEUR.DE returned 8.30%/yr vs 18.89%/yr for XESD.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
FEUR.DE vs. XESD.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 XESD.DE's 7.26% 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*
- —
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
FEUR.DE vs. XESD.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% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | 13.19% |
Correlation
The correlation between FEUR.DE and XESD.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.77 |
The correlation between FEUR.DE and XESD.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
FEUR.DE vs. XESD.DE — Risk / Return Rank
FEUR.DE
XESD.DE
FEUR.DE vs. XESD.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 Xtrackers Spanish Equity UCITS ETF (XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.46 | -2.25 |
| Martin ratioReturn relative to average drawdown | 4.33 | 12.05 | -7.73 |
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 | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.10 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.12 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.55 | +0.18 |
Drawdowns
FEUR.DE vs. XESD.DE - Drawdown Comparison
The maximum FEUR.DE drawdown since its inception was -20.36%, smaller than the maximum XESD.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for FEUR.DE and XESD.DE.
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Drawdown Indicators
| FEUR.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -38.77% | +18.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.27% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -12.49% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -18.59% | -1.77% |
Current DrawdownCurrent decline from peak | -1.59% | -0.56% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.38% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.96% | -0.19% |
Volatility
FEUR.DE vs. XESD.DE - Volatility Comparison
The current volatility for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.DE) is 4.22%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.46%. This indicates that FEUR.DE experiences smaller price fluctuations and is considered to be less risky than XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.46% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 14.06% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 16.93% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 16.73% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 18.81% | -4.00% |
FEUR.DE vs. XESD.DE - Expense Ratio Comparison
Both FEUR.DE and XESD.DE have an expense ratio of 0.30%.
Dividends
FEUR.DE vs. XESD.DE - Dividend Comparison
FEUR.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FEUR.DE Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% |
Frequently Asked Questions
FEUR.DE and XESD.DE have a correlation of 0.79, 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.
FEUR.DE and XESD.DE have the same expense ratio: 0.30% per year.
FEUR.DE tracks MSCI Europe NR EUR, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Fidelity and Xtrackers.
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