SPYW.DE vs. FGEQ.DE

Last updated Jun 13, 2026

SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, SPYW.DE returned 8.30%/yr vs 11.56%/yr for FGEQ.DE. A 0.67 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.40%/yr for FGEQ.DE.

Performance

SPYW.DE vs. FGEQ.DE - 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 Global Quality Income UCITS ETF Inc (FGEQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYW.DE achieves a 7.56% return, which is significantly lower than FGEQ.DE's 10.75% return.

SPYW.DE

• 1D: 1.00%
• 1M: 2.59%
• YTD: 7.56%
• 6M: 10.13%
• 1Y: 10.27%
• 3Y*: 14.02%
• 5Y*: 8.30%
• 10Y*: 7.66%

FGEQ.DE

• 1D: 1.13%
• 1M: 3.34%
• YTD: 10.75%
• 6M: 11.50%
• 1Y: 23.95%
• 3Y*: 14.29%
• 5Y*: 11.56%
• 10Y*: —

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

SPYW.DE vs. FGEQ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	7.56%	20.21%	8.31%	17.92%	-11.22%	14.38%	-11.88%	23.33%	-8.56%	6.78%
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc	10.75%	7.19%	17.91%	14.09%	-6.13%	33.16%	0.16%	31.75%	-3.42%	-2.69%

Correlation

The correlation between SPYW.DE and FGEQ.DE is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.67

The correlation between SPYW.DE and FGEQ.DE shifts across timeframes, from 0.51 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPYW.DE vs. FGEQ.DE — 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: 30
SPYW.DE Sortino Ratio Rank: 28
SPYW.DE Omega Ratio Rank: 29
SPYW.DE Calmar Ratio Rank: 30
SPYW.DE Martin Ratio Rank: 32

FGEQ.DE

FGEQ.DE Risk / Return Rank: 84
FGEQ.DE Sharpe Ratio Rank: 82
FGEQ.DE Sortino Ratio Rank: 83
FGEQ.DE Omega Ratio Rank: 82
FGEQ.DE Calmar Ratio Rank: 85
FGEQ.DE Martin Ratio Rank: 88

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. FGEQ.DE - 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 Global Quality Income UCITS ETF Inc (FGEQ.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.

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	FGEQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.31	-1.36
Sortino ratio: Return per unit of downside risk	1.36	3.23	-1.87
Omega ratio: Gain probability vs. loss probability	1.18	1.43	-0.25
Calmar ratio: Return relative to maximum drawdown	1.28	4.07	-2.79
Martin ratio: Return relative to average drawdown	4.24	16.99	-12.75

SPYW.DE vs. FGEQ.DE - Sharpe Ratio Comparison

The current SPYW.DE Sharpe Ratio is 0.95, which is lower than the FGEQ.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SPYW.DE and FGEQ.DE, 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. FGEQ.DE - Drawdown Comparison

The maximum SPYW.DE drawdown since its inception was -38.67%, which is greater than FGEQ.DE's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and FGEQ.DE.

Drawdown Indicators

	SPYW.DE	FGEQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.67%	-34.37%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-5.86%	-2.13%
Max Drawdown (3Y) Largest decline over 3 years	-11.64%	-19.89%	+8.25%
Max Drawdown (5Y) Largest decline over 5 years	-23.99%	-19.89%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	-38.67%	—	—
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-5.60%	-4.79%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	1.40%	+1.02%

Volatility

SPYW.DE vs. FGEQ.DE - Volatility Comparison

SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.61% compared to Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) at 2.22%. This indicates that SPYW.DE's price experiences larger fluctuations and is considered to be riskier than FGEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYW.DE	FGEQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.22%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	7.54%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	10.37%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	13.05%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	18.35%	-3.51%

SPYW.DE vs. FGEQ.DE - Expense Ratio Comparison

SPYW.DE has a 0.30% expense ratio, which is lower than FGEQ.DE's 0.40% expense ratio.

Dividends

SPYW.DE vs. FGEQ.DE - Dividend Comparison

SPYW.DE's dividend yield for the trailing twelve months is around 3.52%, more than FGEQ.DE's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc	1.80%	1.90%	2.26%	2.77%	2.81%	2.39%	2.65%	2.34%	2.75%	1.57%	0.00%	0.00%
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	3.52%	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 FGEQ.DE in my portfolio?

SPYW.DE and FGEQ.DE have a correlation of 0.57, 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 FGEQ.DE?

On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYW.DE or FGEQ.DE?

SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for FGEQ.DE.

What is the main difference between SPYW.DE and FGEQ.DE?

SPYW.DE is categorized as Europe Equities, while FGEQ.DE is Global Equities. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while FGEQ.DE tracks Fidelity Global Quality Income index. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.30% for SPYW.DE and 0.40% for FGEQ.DE.