VDIV.DE vs. FGEQ.DE

Last updated Jun 5, 2026

VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both Global Equities funds - VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while FGEQ.DE tracks the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, VDIV.DE returned 17.51%/yr vs 11.69%/yr for FGEQ.DE. A 0.76 correlation means they provide meaningful diversification when combined. VDIV.DE charges 0.38%/yr vs 0.40%/yr for FGEQ.DE.

Performance

VDIV.DE vs. FGEQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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, VDIV.DE achieves a 9.79% return, which is significantly lower than FGEQ.DE's 10.59% return.

VDIV.DE

• 1D: 0.23%
• 1M: -0.18%
• YTD: 9.79%
• 6M: 12.68%
• 1Y: 25.52%
• 3Y*: 19.95%
• 5Y*: 17.51%
• 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*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	9.79%	24.55%	15.67%	11.47%	15.47%	27.92%	-11.00%	23.04%	-3.07%
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%	-4.63%

Correlation

The correlation between VDIV.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	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018	0.76

The correlation between VDIV.DE and FGEQ.DE shifts across timeframes, from 0.57 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VDIV.DE vs. FGEQ.DE — Risk / Return Rank

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

VDIV.DE

VDIV.DE Risk / Return Rank: 88
VDIV.DE Sharpe Ratio Rank: 84
VDIV.DE Sortino Ratio Rank: 86
VDIV.DE Omega Ratio Rank: 85
VDIV.DE Calmar Ratio Rank: 94
VDIV.DE Martin Ratio Rank: 90

FGEQ.DE

FGEQ.DE Risk / Return Rank: 76
FGEQ.DE Sharpe Ratio Rank: 72
FGEQ.DE Sortino Ratio Rank: 73
FGEQ.DE Omega Ratio Rank: 73
FGEQ.DE Calmar Ratio Rank: 80
FGEQ.DE Martin Ratio Rank: 83

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.

VDIV.DE vs. FGEQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.

	VDIV.DE	FGEQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.31	+0.41
Sortino ratio: Return per unit of downside risk	3.85	3.24	+0.61
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.08
Calmar ratio: Return relative to maximum drawdown	6.94	4.06	+2.87
Martin ratio: Return relative to average drawdown	20.46	16.40	+4.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VDIV.DE Sharpe Ratio is 2.73, which is comparable to the FGEQ.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of VDIV.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.

Sharpe Ratios by Period

	VDIV.DE	FGEQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.31	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.45	0.89	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.74	+0.20

Drawdowns

VDIV.DE vs. FGEQ.DE - Drawdown Comparison

The maximum VDIV.DE drawdown since its inception was -36.12%, which is greater than FGEQ.DE's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for VDIV.DE and FGEQ.DE.

Drawdown Indicators

	VDIV.DE	FGEQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-34.40%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-5.80%	+2.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-19.87%	+4.75%
Max Drawdown (5Y) Largest decline over 5 years	-15.12%	-19.87%	+4.75%
Current Drawdown Current decline from peak	-2.39%	-0.12%	-2.27%
Average Drawdown Average peak-to-trough decline	-4.22%	-3.85%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	1.44%	-0.19%

Volatility

VDIV.DE vs. FGEQ.DE - Volatility Comparison

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a higher volatility of 2.82% compared to Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) at 2.36%. This indicates that VDIV.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

	VDIV.DE	FGEQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.36%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	6.79%	7.37%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	10.19%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.92%	13.04%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	14.76%	+0.60%

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

VDIV.DE has a 0.38% expense ratio, which is lower than FGEQ.DE's 0.40% expense ratio.

Dividends

VDIV.DE vs. FGEQ.DE - Dividend Comparison

VDIV.DE's dividend yield for the trailing twelve months is around 3.19%, more 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%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.19%	3.58%	4.19%	4.97%	4.56%	3.97%	4.11%	4.35%	0.91%	0.00%

Frequently Asked Questions

Can I hold both VDIV.DE and FGEQ.DE in my portfolio?

VDIV.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, VDIV.DE or FGEQ.DE?

On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for FGEQ.DE.

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

VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while FGEQ.DE tracks Fidelity Global Quality Income index. They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.38% for VDIV.DE and 0.40% for FGEQ.DE.