SC0E.DE vs. FEQD.L
SC0E.DE (Invesco MSCI Europe UCITS ETF) and FEQD.L (Fidelity Europe Quality Income UCITS ETF) are both Europe Equities funds - SC0E.DE tracks the MSCI Europe while FEQD.L tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, SC0E.DE returned 9.92%/yr vs 7.78%/yr for FEQD.L. Their correlation of 0.82 suggests significant overlap in exposure. SC0E.DE charges 0.19%/yr vs 0.30%/yr for FEQD.L.
Performance
SC0E.DE vs. FEQD.L - Performance Comparison
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Different Trading Currencies
SC0E.DE is traded in EUR, while FEQD.L is traded in GBP. To make them comparable, the FEQD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SC0E.DE achieves a 7.48% return, which is significantly lower than FEQD.L's 8.20% return.
SC0E.DE
- 1D
- 0.62%
- 1M
- 3.45%
- YTD
- 7.48%
- 6M
- 9.73%
- 1Y
- 16.11%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
FEQD.L
- 1D
- 0.57%
- 1M
- 2.80%
- YTD
- 8.20%
- 6M
- 10.08%
- 1Y
- 16.33%
- 3Y*
- 13.26%
- 5Y*
- 7.78%
- 10Y*
- —
SC0E.DE vs. FEQD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 27.71% | -11.02% | -1.55% |
FEQD.L Fidelity Europe Quality Income UCITS ETF | 8.20% | 17.36% | 6.22% | 17.94% | -15.67% | 24.88% | -2.74% | 29.72% | -8.52% | -1.77% |
Correlation
The correlation between SC0E.DE and FEQD.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017 | 0.82 |
The correlation between SC0E.DE and FEQD.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. FEQD.L — Risk / Return Rank
SC0E.DE
FEQD.L
SC0E.DE vs. FEQD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Fidelity Europe Quality Income UCITS ETF (FEQD.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.
| SC0E.DE | FEQD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.86 | -0.16 |
| Martin ratioReturn relative to average drawdown | 6.31 | 6.49 | -0.18 |
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
| SC0E.DE | FEQD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.24 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.50 | +0.22 |
Drawdowns
SC0E.DE vs. FEQD.L - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, roughly equal to the maximum FEQD.L drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and FEQD.L.
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Drawdown Indicators
| SC0E.DE | FEQD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -34.00% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -8.75% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -15.65% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -25.62% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.68% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -5.82% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.51% | +0.04% |
Volatility
SC0E.DE vs. FEQD.L - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Fidelity Europe Quality Income UCITS ETF (FEQD.L) at 3.43%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than FEQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0E.DE | FEQD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.43% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.36% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 13.08% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 14.66% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 15.58% | +0.78% |
SC0E.DE vs. FEQD.L - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than FEQD.L's 0.30% expense ratio.
Dividends
SC0E.DE vs. FEQD.L - Dividend Comparison
Neither SC0E.DE nor FEQD.L has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and FEQD.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for FEQD.L.
SC0E.DE tracks MSCI Europe, while FEQD.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Invesco and FIL Investment Management (Luxembourg) S.A., Irela. Their fees differ too: 0.19% for SC0E.DE and 0.30% for FEQD.L.
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