UEEH.DE vs. FGEQ.DE
UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both Global Equities funds - UEEH.DE tracks the MSCI World Minimum Volatility while FGEQ.DE tracks the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, UEEH.DE returned 5.98%/yr vs 11.69%/yr for FGEQ.DE. A 0.72 correlation means they provide meaningful diversification when combined. UEEH.DE charges 0.30%/yr vs 0.40%/yr for FGEQ.DE.
Performance
UEEH.DE vs. FGEQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UEEH.DE achieves a 1.54% return, which is significantly lower than FGEQ.DE's 10.59% return.
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
FGEQ.DE
- 1D
- -0.06%
- 1M
- 3.00%
- YTD
- 10.59%
- 6M
- 10.31%
- 1Y
- 23.46%
- 3Y*
- 14.55%
- 5Y*
- 11.69%
- 10Y*
- —
UEEH.DE vs. FGEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 10.59% | 7.21% | 17.89% | 14.06% | -6.11% | 32.67% | 7.38% |
Correlation
The correlation between UEEH.DE and FGEQ.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.72 |
Over the past year, the correlation between UEEH.DE and FGEQ.DE has dropped to 0.46 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UEEH.DE vs. FGEQ.DE — Risk / Return Rank
UEEH.DE
FGEQ.DE
UEEH.DE vs. FGEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| UEEH.DE | FGEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 4.06 | -4.16 |
| Martin ratioReturn relative to average drawdown | -0.22 | 16.40 | -16.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UEEH.DE | FGEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.31 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.89 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.74 | -0.09 |
Drawdowns
UEEH.DE vs. FGEQ.DE - Drawdown Comparison
The maximum UEEH.DE drawdown since its inception was -12.82%, smaller than the maximum FGEQ.DE drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for UEEH.DE and FGEQ.DE.
Loading charts...
Drawdown Indicators
| UEEH.DE | FGEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -34.40% | +21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -5.80% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -19.87% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -19.87% | +7.05% |
Current DrawdownCurrent decline from peak | -6.93% | -0.12% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -3.85% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.44% | +1.08% |
Volatility
UEEH.DE vs. FGEQ.DE - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) has a higher volatility of 2.62% compared to Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) at 2.36%. This indicates that UEEH.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.
Loading charts...
Volatility by Period
| UEEH.DE | FGEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.36% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 7.37% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 10.19% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 13.04% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.26% | 14.76% | -4.50% |
UEEH.DE vs. FGEQ.DE - Expense Ratio Comparison
UEEH.DE has a 0.30% expense ratio, which is lower than FGEQ.DE's 0.40% expense ratio.
Dividends
UEEH.DE vs. FGEQ.DE - Dividend Comparison
UEEH.DE's dividend yield for the trailing twelve months is around 1.45%, less than FGEQ.DE's 1.80% yield.
| 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% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEH.DE and FGEQ.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for FGEQ.DE.
UEEH.DE tracks MSCI World Minimum Volatility, while FGEQ.DE tracks Fidelity Global Quality Income index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.30% for UEEH.DE and 0.40% for FGEQ.DE.
Find the right allocation for UEEH.DE and FGEQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer