Quality wise, I would surprisingly say the Fender is a bit better. Especially that the neck is quartersawn (same wood necks Fender uses on their CS!!), while the StingRay, is just soft unfinished maple which will probably move after every single gig.
The Fender sounds amazing, but it's not really a true genuine StingRay tone. It is a bit cleaner, and calmer I would say.. Has really nice natural lows that will fit any mix fantastically well.
The price of the Fender is a rather nice bang for the buck compared to the StingRay, in my own opinion.
However, in terms of ergonomics, balance and body contours, I would say the new StingRay Special is a beast (I am talking about the post 2018 models like the one I have). Even though the Fender is also great, but does not stand up to the StingRay
I also personally prefer the looks of the StingRay over the Fender.
Ebony is even brighter than maple!
Maple tonally sits in-between rosewood and ebony in terms of brightness.