FEZ vs. EUE.L

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR EURO STOXX 50 ETF (FEZ) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L).

FEZ and EUE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. EUE.L is a passively managed fund by iShares that tracks the performance of the MSCI EMU NR EUR. It was launched on Apr 3, 2000. Both FEZ and EUE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FEZ vs. EUE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR EURO STOXX 50 ETF (FEZ) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L). The values are adjusted to include any dividend payments, if applicable.

FEZ vs. EUE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEZ SPDR EURO STOXX 50 ETF	-3.44%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	-5.13%	38.06%	3.94%	25.96%	-14.10%	13.98%	6.03%	26.11%	-16.00%	24.99%

Different Trading Currencies

FEZ is traded in USD, while EUE.L is traded in GBp. To make them comparable, the EUE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEZ achieves a -3.44% return, which is significantly higher than EUE.L's -5.13% return. Both investments have delivered pretty close results over the past 10 years, with FEZ having a 9.68% annualized return and EUE.L not far behind at 9.60%.

FEZ

• 1D: 3.76%
• 1M: -9.30%
• YTD: -3.44%
• 6M: 0.89%
• 1Y: 17.45%
• 3Y*: 14.62%
• 5Y*: 9.71%
• 10Y*: 9.68%

EUE.L

• 1D: 1.37%
• 1M: -11.57%
• YTD: -5.13%
• 6M: -0.33%
• 1Y: 16.79%
• 3Y*: 14.29%
• 5Y*: 9.52%
• 10Y*: 9.60%

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

FEZ vs. EUE.L - Expense Ratio Comparison

FEZ has a 0.29% expense ratio, which is higher than EUE.L's 0.10% expense ratio.

FEZ

SPDR EURO STOXX 50 ETF

EUE.L

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)

Return for Risk

FEZ vs. EUE.L — Risk / Return Rank

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

FEZ

FEZ Risk / Return Rank: 51
FEZ Sharpe Ratio Rank: 52
FEZ Sortino Ratio Rank: 55
FEZ Omega Ratio Rank: 50
FEZ Calmar Ratio Rank: 51
FEZ Martin Ratio Rank: 49

EUE.L

EUE.L Risk / Return Rank: 45
EUE.L Sharpe Ratio Rank: 48
EUE.L Sortino Ratio Rank: 46
EUE.L Omega Ratio Rank: 45
EUE.L Calmar Ratio Rank: 44
EUE.L Martin Ratio Rank: 41

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. EUE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L). 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.

	FEZ	EUE.L	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.90	-0.02
Sortino ratio Return per unit of downside risk	1.36	1.28	+0.08
Omega ratio Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio Return relative to maximum drawdown	1.19	1.15	+0.04
Martin ratio Return relative to average drawdown	4.39	4.12	+0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEZ vs. EUE.L - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.88, which is comparable to the EUE.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FEZ and EUE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEZ	EUE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.90	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.46	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.47	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.13	+0.16

Correlation

The correlation between FEZ and EUE.L is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FEZ vs. EUE.L - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.80%, less than EUE.L's 2.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ SPDR EURO STOXX 50 ETF	2.80%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.96%	2.81%	2.64%	2.59%	2.37%	1.79%	1.90%	2.87%	3.23%	2.51%	2.79%	2.02%

Drawdowns

FEZ vs. EUE.L - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, roughly equal to the maximum EUE.L drawdown of -64.03%. Use the drawdown chart below to compare losses from any high point for FEZ and EUE.L.

Drawdown Indicators

	FEZ	EUE.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-48.69%	-15.52%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-11.53%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-22.00%	-13.05%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-32.00%	-7.69%
Current Drawdown Current decline from peak	-10.33%	-9.91%	-0.42%
Average Drawdown Average peak-to-trough decline	-17.17%	-11.68%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	3.30%	+0.38%

Volatility

FEZ vs. EUE.L - Volatility Comparison

SPDR EURO STOXX 50 ETF (FEZ) has a higher volatility of 8.77% compared to iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) at 7.59%. This indicates that FEZ's price experiences larger fluctuations and is considered to be riskier than EUE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEZ	EUE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	7.59%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	11.96%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	19.94%	18.71%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	20.50%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	20.43%	+0.57%