- ISIN
- US3163433002
- CUSIP
- 316343300
- Issuer
- Fidelity
- Inception Date
- Oct 1, 1986
- Category
- Europe Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FIEUX Performance Chart
Fidelity Europe Fund (FIEUX) is up 8.5% since the beginning of the year. FIEUX is currently trading at $51 per share. Investors who bought $1,000 worth of FIEUX shares 5 years ago would now be looking at an investment worth $1,366.
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Returns By Period
Fidelity Europe Fund (FIEUX) has returned 8.51% so far this year and 21.69% over the past 12 months. Over the last ten years, FIEUX has returned 8.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Europe Fund
- 1D
- 0.86%
- 1M
- 1.93%
- YTD
- 8.51%
- 6M
- 9.32%
- 1Y
- 21.69%
- 3Y*
- 16.47%
- 5Y*
- 6.43%
- 10Y*
- 8.48%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIEUX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 1986, FIEUX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2003 with a return of +16.8%, while the worst month was Oct 1987 at -27.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FIEUX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.7%, while the worst single day was Oct 20, 1987 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.22% | 1.13% | -7.89% | 7.51% | 2.71% | 1.22% | 8.51% | ||||||
| 2025 | 6.69% | 4.30% | -0.18% | 4.91% | 5.94% | 3.53% | -1.71% | 2.78% | 3.06% | -0.65% | 0.52% | 3.51% | 37.53% |
| 2024 | 0.64% | 3.10% | 3.87% | -2.95% | 4.87% | -1.75% | 2.35% | 4.12% | -1.52% | -5.46% | -0.54% | -2.01% | 4.21% |
| 2023 | 7.52% | -1.67% | 2.43% | 3.34% | -4.92% | 3.82% | 0.77% | -3.92% | -4.66% | -2.39% | 8.80% | 4.96% | 13.68% |
| 2022 | -6.15% | -7.02% | 0.27% | -6.20% | -0.41% | -8.50% | 5.94% | -7.18% | -8.89% | 6.32% | 12.77% | -1.19% | -20.62% |
| 2021 | -1.04% | 1.96% | 2.55% | 4.86% | 2.91% | -1.33% | 1.67% | -0.27% | -5.66% | 3.27% | -6.09% | 4.34% | 6.63% |
Benchmark Metrics
Fidelity Europe Fund has an annualized alpha of 2.89%, beta of 0.66, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since September 30, 1986.
- This fund participated in 95.09% of S&P 500 Index downside but only 91.54% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.66 may look defensive, but with R2 of 0.42 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.42 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.89%
- Beta
- 0.66
- R²
- 0.42
- Upside Capture
- 91.54%
- Downside Capture
- 95.09%
Expense Ratio
FIEUX has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FIEUX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Europe Fund (FIEUX) and compare them to S&P 500 Index.
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.
| FIEUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.78 | -1.06 |
| Martin ratioReturn relative to average drawdown | 6.40 | 12.44 | -6.04 |
Dividends
Dividend History
Fidelity Europe Fund provided a 2.06% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.04 | $1.14 | $0.56 | $0.00 | $6.23 | $0.49 | $2.69 | $3.75 | $1.07 | $0.51 | $0.15 |
Dividend yield | 2.06% | 2.23% | 3.28% | 1.62% | 0.00% | 16.10% | 1.15% | 7.42% | 11.93% | 2.52% | 1.51% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Europe Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.23 | $6.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Europe Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Europe Fund was 59.96%, occurring on Mar 9, 2009. Recovery took 1227 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.96%Mar 2009 | 1y 4mo | 4y 10mo | 6y 2moNov 2007 - Jan 2014 |
Dot-com crash2000–2002 | -57.94%Oct 2002 | 2y 6mo | 2y 4mo | 4y 11moMar 2000 - Feb 2005 |
Bear market2022 | -38.04%Sep 2022 | 1y 24d | 2y 5mo | 3y 6moSep 2021 - Mar 2025 |
COVID crash2020 | -36.14%Mar 2020 | 2y 1mo | 4mo 28d | 2y 6moJan 2018 - Aug 2020 |
Black Monday1987 | -34.79%Dec 1987 | 1mo 29d | 2y 29d | 2y 2moOct 1987 - Jan 1990 |
Drawdown Indicators
| FIEUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -56.78% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -9.10% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -18.90% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -25.43% | -12.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -33.92% | -4.12% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -10.71% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.03% | +1.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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