FEZ vs. COST

Last updated Jul 21, 2026

FEZ (State Street SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index, while COST (Costco Wholesale Corporation) is a stock. Over the past 10 years, FEZ returned 10.83%/yr vs 20.81%/yr for COST. At a 0.39 correlation, their price movements are largely independent.

Performance

FEZ vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR EURO STOXX 50 ETF (FEZ) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEZ achieves a 6.18% return, which is significantly lower than COST's 8.82% return. Over the past 10 years, FEZ has underperformed COST with an annualized return of 10.83%, while COST has yielded a comparatively higher 20.81% annualized return.

FEZ

• 1D: -0.80%
• 1M: -2.56%
• 6M: 2.67%
• YTD: 6.18%
• 1Y: 16.45%
• 3Y*: 15.93%
• 5Y*: 11.10%
• 10Y*: 10.83%
• ALL TIME*: 7.67%

COST

• 1D: -0.54%
• 1M: -1.64%
• 6M: -2.61%
• YTD: 8.82%
• 1Y: -1.04%
• 3Y*: 20.42%
• 5Y*: 18.94%
• 10Y*: 20.81%
• ALL TIME*: 16.93%

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

FEZ vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEZ State Street SPDR EURO STOXX 50 ETF	6.18%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%
COST Costco Wholesale Corporation	8.82%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	10.60%	22.37%

Correlation

The correlation between FEZ and COST is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 21, 2002	0.39

The correlation between FEZ and COST shifts across timeframes, from -0.07 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEZ vs. COST — Risk / Return Rank

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

FEZ

FEZ Risk / Return Rank: 33
FEZ Sharpe Ratio Rank: 33
FEZ Sortino Ratio Rank: 33
FEZ Omega Ratio Rank: 31
FEZ Calmar Ratio Rank: 32
FEZ Martin Ratio Rank: 37

COST

COST Risk / Return Rank: 40
COST Sharpe Ratio Rank: 43
COST Sortino Ratio Rank: 35
COST Omega Ratio Rank: 35
COST Calmar Ratio Rank: 43
COST Martin Ratio Rank: 43

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.

FEZ vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR EURO STOXX 50 ETF (FEZ) and Costco Wholesale Corporation (COST). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEZ	COST	Difference
Sharpe ratio: Return per unit of total volatility	0.90	-0.05	+0.95
Sortino ratio: Return per unit of downside risk	1.37	0.06	+1.31
Omega ratio: Gain probability vs. loss probability	1.16	1.01	+0.16
Calmar ratio: Return relative to maximum drawdown	1.21	-0.06	+1.28
Martin ratio: Return relative to average drawdown	4.15	-0.14	+4.29

FEZ vs. COST - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.90, which is higher than the COST Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of FEZ and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEZ vs. COST - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for FEZ and COST.

Drawdown Indicators

	FEZ	COST	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-53.39%	-10.82%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-16.57%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	-20.74%	+4.89%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-31.40%	-3.65%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-31.40%	-8.29%
Current Drawdown Current decline from peak	-3.38%	-14.49%	+11.11%
Average Drawdown Average peak-to-trough decline	-16.99%	-13.36%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	7.38%	-3.41%

Volatility

FEZ vs. COST - Volatility Comparison

The current volatility for State Street SPDR EURO STOXX 50 ETF (FEZ) is 4.58%, while Costco Wholesale Corporation (COST) has a volatility of 7.25%. This indicates that FEZ experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEZ	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	7.25%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	14.98%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	19.74%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	22.90%	-2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	22.02%	-1.34%

Dividends

FEZ vs. COST - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.65%, more than COST's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.57%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
FEZ State Street SPDR EURO STOXX 50 ETF	2.65%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%

Frequently Asked Questions

Can I hold both FEZ and COST in my portfolio?

FEZ and COST have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEZ or COST?

COST has higher volatility (7.25%) compared to FEZ (4.58%). In terms of maximum drawdown, FEZ dropped -64.21% vs COST's -53.39%.

Which has better risk-adjusted returns?

FEZ currently has the higher Sharpe Ratio (0.90 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.