FGEQ.DE vs. IS3R.DE
FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, FGEQ.DE returned 11.69%/yr vs 14.66%/yr for IS3R.DE. Their correlation of 0.81 suggests significant overlap in exposure. FGEQ.DE charges 0.40%/yr vs 0.25%/yr for IS3R.DE.
Performance
FGEQ.DE vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FGEQ.DE achieves a 10.59% return, which is significantly lower than IS3R.DE's 22.51% return.
FGEQ.DE
- 1D
- -0.06%
- 1M
- 3.00%
- YTD
- 10.59%
- 6M
- 10.31%
- 1Y
- 23.46%
- 3Y*
- 14.55%
- 5Y*
- 11.69%
- 10Y*
- —
IS3R.DE
- 1D
- -1.01%
- 1M
- 6.72%
- YTD
- 22.51%
- 6M
- 23.47%
- 1Y
- 31.36%
- 3Y*
- 26.05%
- 5Y*
- 14.66%
- 10Y*
- 15.31%
FGEQ.DE vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 10.59% | 7.21% | 17.89% | 14.06% | -6.11% | 32.67% | -0.32% | 31.45% | -3.70% | 3.71% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.37% | 37.95% | 8.09% | -13.60% | 24.50% | 16.41% | 31.50% | 0.27% | 9.60% |
Correlation
The correlation between FGEQ.DE and IS3R.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.81 |
The correlation between FGEQ.DE and IS3R.DE shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGEQ.DE vs. IS3R.DE — Risk / Return Rank
FGEQ.DE
IS3R.DE
FGEQ.DE vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.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.
| FGEQ.DE | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 3.48 | +0.59 |
| Martin ratioReturn relative to average drawdown | 16.40 | 13.30 | +3.10 |
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
| FGEQ.DE | IS3R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.84 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.84 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.85 | -0.11 |
Drawdowns
FGEQ.DE vs. IS3R.DE - Drawdown Comparison
The maximum FGEQ.DE drawdown since its inception was -34.40%, which is greater than IS3R.DE's maximum drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for FGEQ.DE and IS3R.DE.
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Drawdown Indicators
| FGEQ.DE | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -30.77% | -3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -9.01% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.87% | -23.57% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -23.57% | +3.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.77% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.01% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -5.67% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.36% | -0.92% |
Volatility
FGEQ.DE vs. IS3R.DE - Volatility Comparison
The current volatility for Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) is 2.36%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a volatility of 5.96%. This indicates that FGEQ.DE experiences smaller price fluctuations and is considered to be less risky than IS3R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGEQ.DE | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 5.96% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 14.33% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 17.01% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 17.32% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 17.23% | -2.47% |
FGEQ.DE vs. IS3R.DE - Expense Ratio Comparison
FGEQ.DE has a 0.40% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
FGEQ.DE vs. IS3R.DE - Dividend Comparison
FGEQ.DE's dividend yield for the trailing twelve months is around 1.80%, while IS3R.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 1.80% | 1.90% | 2.24% | 2.77% | 2.81% | 2.13% | 2.29% | 2.11% | 2.41% | 1.51% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGEQ.DE and IS3R.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for FGEQ.DE.
FGEQ.DE is categorized as Global Equities, while IS3R.DE is Momentum. FGEQ.DE tracks Fidelity Global Quality Income index, while IS3R.DE tracks MSCI World Momentum Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.40% for FGEQ.DE and 0.25% for IS3R.DE.
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