SPYW.DE vs. FEUI.L

Last updated Jun 16, 2026

SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and FEUI.L (Fidelity Europe Quality Income UCITS ETF) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while FEUI.L tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, SPYW.DE returned 8.15%/yr vs 7.54%/yr for FEUI.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

SPYW.DE vs. FEUI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) and Fidelity Europe Quality Income UCITS ETF (FEUI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPYW.DE is traded in EUR, while FEUI.L is traded in GBP. To make them comparable, the FEUI.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYW.DE achieves a 7.38% return, which is significantly lower than FEUI.L's 9.18% return.

SPYW.DE

• 1D: -0.17%
• 1M: 2.41%
• YTD: 7.38%
• 6M: 9.46%
• 1Y: 11.00%
• 3Y*: 13.77%
• 5Y*: 8.15%
• 10Y*: 7.56%

FEUI.L

• 1D: -0.07%
• 1M: 3.99%
• YTD: 9.18%
• 6M: 10.49%
• 1Y: 17.60%
• 3Y*: 13.00%
• 5Y*: 7.54%
• 10Y*: —

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

SPYW.DE vs. FEUI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	7.38%	20.21%	8.31%	17.92%	-11.22%	14.38%	-11.88%	8.43%
FEUI.L Fidelity Europe Quality Income UCITS ETF	9.18%	17.37%	6.12%	17.94%	-15.61%	24.80%	-2.78%	-2.00%

Correlation

The correlation between SPYW.DE and FEUI.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 9, 2019	0.77

The correlation between SPYW.DE and FEUI.L shifts across timeframes, from 0.65 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPYW.DE vs. FEUI.L — Risk / Return Rank

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

SPYW.DE

SPYW.DE Risk / Return Rank: 30
SPYW.DE Sharpe Ratio Rank: 31
SPYW.DE Sortino Ratio Rank: 28
SPYW.DE Omega Ratio Rank: 30
SPYW.DE Calmar Ratio Rank: 30
SPYW.DE Martin Ratio Rank: 33

FEUI.L

FEUI.L Risk / Return Rank: 46
FEUI.L Sharpe Ratio Rank: 49
FEUI.L Sortino Ratio Rank: 47
FEUI.L Omega Ratio Rank: 47
FEUI.L Calmar Ratio Rank: 43
FEUI.L 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.

SPYW.DE vs. FEUI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) and Fidelity Europe Quality Income UCITS ETF (FEUI.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.

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.

	SPYW.DE	FEUI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.39	-0.37
Sortino ratio: Return per unit of downside risk	1.45	1.98	-0.53
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.37	2.05	-0.67
Martin ratio: Return relative to average drawdown	4.55	6.89	-2.35

SPYW.DE vs. FEUI.L - Sharpe Ratio Comparison

The current SPYW.DE Sharpe Ratio is 1.03, which is comparable to the FEUI.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of SPYW.DE and FEUI.L, 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

SPYW.DE vs. FEUI.L - Drawdown Comparison

The maximum SPYW.DE drawdown since its inception was -38.67%, which is greater than FEUI.L's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and FEUI.L.

Drawdown Indicators

	SPYW.DE	FEUI.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.67%	-33.91%	-4.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-8.56%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-11.64%	-15.96%	+4.32%
Max Drawdown (5Y) Largest decline over 5 years	-23.99%	-25.74%	+1.75%
Max Drawdown (10Y) Largest decline over 10 years	-38.67%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.07%	-0.62%
Average Drawdown Average peak-to-trough decline	-5.60%	-6.87%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.53%	-0.13%

Volatility

SPYW.DE vs. FEUI.L - Volatility Comparison

The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.42%, while Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a volatility of 3.04%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than FEUI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYW.DE	FEUI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	3.04%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	9.94%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	12.59%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	14.63%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	16.96%	-2.12%

SPYW.DE vs. FEUI.L - Expense Ratio Comparison

Both SPYW.DE and FEUI.L have an expense ratio of 0.30%.

Dividends

SPYW.DE vs. FEUI.L - Dividend Comparison

SPYW.DE's dividend yield for the trailing twelve months is around 3.53%, more than FEUI.L's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUI.L Fidelity Europe Quality Income UCITS ETF	3.48%	3.02%	3.63%	3.66%	3.71%	2.93%	2.53%	0.27%	0.00%	0.00%	0.00%	0.00%
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	3.53%	4.07%	3.67%	3.31%	3.62%	2.78%	3.05%	3.10%	3.74%	3.15%	2.97%	2.99%

Frequently Asked Questions

Can I hold both SPYW.DE and FEUI.L in my portfolio?

SPYW.DE and FEUI.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYW.DE or FEUI.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYW.DE or FEUI.L?

SPYW.DE and FEUI.L have the same expense ratio: 0.30% per year.

What is the main difference between SPYW.DE and FEUI.L?

SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while FEUI.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: State Street and Fidelity.