VGEU.DE vs. FEUI.DE

Last updated Jun 5, 2026

VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and FEUI.DE (Fidelity Europe Quality Income UCITS ETF) are both Europe Equities funds - VGEU.DE tracks the FTSE Developed Europe while FEUI.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, VGEU.DE returned 9.90%/yr vs 8.02%/yr for FEUI.DE. With a 0.96 correlation, they move nearly in lockstep. VGEU.DE charges 0.10%/yr vs 0.30%/yr for FEUI.DE.

Performance

VGEU.DE vs. FEUI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and Fidelity Europe Quality Income UCITS ETF (FEUI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGEU.DE achieves a 7.29% return, which is significantly lower than FEUI.DE's 7.79% return.

VGEU.DE

• 1D: 0.50%
• 1M: 0.90%
• YTD: 7.29%
• 6M: 9.88%
• 1Y: 16.08%
• 3Y*: 14.08%
• 5Y*: 9.90%
• 10Y*: 9.61%

FEUI.DE

• 1D: 0.65%
• 1M: 0.98%
• YTD: 7.79%
• 6M: 10.15%
• 1Y: 16.07%
• 3Y*: 13.31%
• 5Y*: 8.02%
• 10Y*: —

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

VGEU.DE vs. FEUI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing	7.29%	20.52%	8.94%	16.01%	-9.86%	24.89%	-2.75%	7.67%
FEUI.DE Fidelity Europe Quality Income UCITS ETF	7.79%	18.53%	5.59%	18.51%	-15.30%	26.87%	-2.74%	8.86%

Correlation

The correlation between VGEU.DE and FEUI.DE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019	0.96

The correlation between VGEU.DE and FEUI.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

VGEU.DE vs. FEUI.DE — Risk / Return Rank

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

VGEU.DE

VGEU.DE Risk / Return Rank: 37
VGEU.DE Sharpe Ratio Rank: 36
VGEU.DE Sortino Ratio Rank: 36
VGEU.DE Omega Ratio Rank: 38
VGEU.DE Calmar Ratio Rank: 35
VGEU.DE Martin Ratio Rank: 40

FEUI.DE

FEUI.DE Risk / Return Rank: 37
FEUI.DE Sharpe Ratio Rank: 35
FEUI.DE Sortino Ratio Rank: 36
FEUI.DE Omega Ratio Rank: 34
FEUI.DE Calmar Ratio Rank: 39
FEUI.DE Martin Ratio Rank: 42

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.

VGEU.DE vs. FEUI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and Fidelity Europe Quality Income UCITS ETF (FEUI.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.

	VGEU.DE	FEUI.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.25	+0.01
Sortino ratio: Return per unit of downside risk	1.86	1.83	+0.02
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.69	1.91	-0.22
Martin ratio: Return relative to average drawdown	6.33	6.52	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGEU.DE vs. FEUI.DE - Sharpe Ratio Comparison

The current VGEU.DE Sharpe Ratio is 1.26, which is comparable to the FEUI.DE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VGEU.DE and FEUI.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

	VGEU.DE	FEUI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.25	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.54	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.55	+0.01

Drawdowns

VGEU.DE vs. FEUI.DE - Drawdown Comparison

The maximum VGEU.DE drawdown since its inception was -35.59%, which is greater than FEUI.DE's maximum drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and FEUI.DE.

Drawdown Indicators

	VGEU.DE	FEUI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.59%	-33.84%	-1.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-8.42%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-16.46%	-16.18%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-20.11%	-24.73%	+4.62%
Max Drawdown (10Y) Largest decline over 10 years	-35.59%	—	—
Current Drawdown Current decline from peak	-1.53%	-1.69%	+0.16%
Average Drawdown Average peak-to-trough decline	-5.03%	-6.37%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.47%	+0.09%

Volatility

VGEU.DE vs. FEUI.DE - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) is 4.29%, while Fidelity Europe Quality Income UCITS ETF (FEUI.DE) has a volatility of 4.83%. This indicates that VGEU.DE experiences smaller price fluctuations and is considered to be less risky than FEUI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGEU.DE	FEUI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.83%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	10.24%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	12.80%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	14.60%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	16.66%	-0.32%

VGEU.DE vs. FEUI.DE - Expense Ratio Comparison

VGEU.DE has a 0.10% expense ratio, which is lower than FEUI.DE's 0.30% expense ratio.

Dividends

VGEU.DE vs. FEUI.DE - Dividend Comparison

VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, less than FEUI.DE's 3.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUI.DE Fidelity Europe Quality Income UCITS ETF	3.50%	3.09%	3.55%	4.02%	5.06%	3.98%	2.56%	0.41%	0.00%	0.00%	0.00%	0.00%
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing	2.60%	2.79%	3.07%	2.99%	3.31%	2.65%	2.23%	3.22%	3.65%	3.04%	3.20%	3.11%

Frequently Asked Questions

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

With a correlation of 0.94, VGEU.DE and FEUI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VGEU.DE or FEUI.DE?

On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGEU.DE or FEUI.DE?

VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for FEUI.DE.

What is the main difference between VGEU.DE and FEUI.DE?

VGEU.DE tracks FTSE Developed Europe, while FEUI.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.10% for VGEU.DE and 0.30% for FEUI.DE.