FEPX.DE vs. IQQK.DE

Last updated Jun 5, 2026

FEPX.DE (Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc) and IQQK.DE (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds - FEPX.DE tracks the Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity while IQQK.DE tracks the MSCI Korea 20/35. Both are passively managed. Over the past 5 years, FEPX.DE returned 5.35%/yr vs 19.47%/yr for IQQK.DE. A 0.53 correlation means they provide meaningful diversification when combined. FEPX.DE charges 0.30%/yr vs 0.74%/yr for IQQK.DE.

Performance

FEPX.DE vs. IQQK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FEPX.DE) and iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEPX.DE achieves a 7.13% return, which is significantly lower than IQQK.DE's 107.68% return.

FEPX.DE

• 1D: -0.82%
• 1M: -1.60%
• YTD: 7.13%
• 6M: 8.65%
• 1Y: 11.73%
• 3Y*: 9.15%
• 5Y*: 5.35%
• 10Y*: —

IQQK.DE

• 1D: -4.65%
• 1M: 11.93%
• YTD: 107.68%
• 6M: 121.46%
• 1Y: 216.52%
• 3Y*: 44.83%
• 5Y*: 19.47%
• 10Y*: 16.55%

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

FEPX.DE vs. IQQK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEPX.DE Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	7.13%	6.54%	11.04%	2.40%	-1.28%	13.71%
IQQK.DE iShares MSCI Korea UCITS ETF (Dist)	107.68%	77.35%	-18.08%	15.54%	-24.11%	-3.70%

Correlation

The correlation between FEPX.DE and IQQK.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 5, 2021	0.53

The correlation between FEPX.DE and IQQK.DE has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

Return for Risk

FEPX.DE vs. IQQK.DE — Risk / Return Rank

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

FEPX.DE

FEPX.DE Risk / Return Rank: 31
FEPX.DE Sharpe Ratio Rank: 29
FEPX.DE Sortino Ratio Rank: 30
FEPX.DE Omega Ratio Rank: 27
FEPX.DE Calmar Ratio Rank: 36
FEPX.DE Martin Ratio Rank: 34

IQQK.DE

IQQK.DE Risk / Return Rank: 97
IQQK.DE Sharpe Ratio Rank: 98
IQQK.DE Sortino Ratio Rank: 96
IQQK.DE Omega Ratio Rank: 96
IQQK.DE Calmar Ratio Rank: 97
IQQK.DE Martin Ratio Rank: 97

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.

FEPX.DE vs. IQQK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FEPX.DE) and iShares MSCI Korea UCITS ETF (Dist) (IQQK.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.

	FEPX.DE	IQQK.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	5.92	-4.90
Sortino ratio: Return per unit of downside risk	1.58	5.50	-3.91
Omega ratio: Gain probability vs. loss probability	1.18	1.78	-0.60
Calmar ratio: Return relative to maximum drawdown	1.77	10.70	-8.93
Martin ratio: Return relative to average drawdown	5.07	38.75	-33.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEPX.DE vs. IQQK.DE - Sharpe Ratio Comparison

The current FEPX.DE Sharpe Ratio is 1.02, which is lower than the IQQK.DE Sharpe Ratio of 5.92. The chart below compares the historical Sharpe Ratios of FEPX.DE and IQQK.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

	FEPX.DE	IQQK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	5.92	-4.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.75	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.33	+0.14

Drawdowns

FEPX.DE vs. IQQK.DE - Drawdown Comparison

The maximum FEPX.DE drawdown since its inception was -20.59%, smaller than the maximum IQQK.DE drawdown of -68.13%. Use the drawdown chart below to compare losses from any high point for FEPX.DE and IQQK.DE.

Drawdown Indicators

	FEPX.DE	IQQK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.59%	-68.13%	+47.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-20.96%	+14.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-30.51%	+9.92%
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	-41.53%	+20.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-1.97%	-5.73%	+3.76%
Average Drawdown Average peak-to-trough decline	-4.96%	-17.35%	+12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	5.80%	-3.40%

Volatility

FEPX.DE vs. IQQK.DE - Volatility Comparison

The current volatility for Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FEPX.DE) is 3.11%, while iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE) has a volatility of 17.23%. This indicates that FEPX.DE experiences smaller price fluctuations and is considered to be less risky than IQQK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEPX.DE	IQQK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	17.23%	-14.12%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	33.01%	-24.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	37.90%	-25.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	25.65%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	24.84%	-9.71%

FEPX.DE vs. IQQK.DE - Expense Ratio Comparison

FEPX.DE has a 0.30% expense ratio, which is lower than IQQK.DE's 0.74% expense ratio.

Dividends

FEPX.DE vs. IQQK.DE - Dividend Comparison

FEPX.DE has not paid dividends to shareholders, while IQQK.DE's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEPX.DE Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IQQK.DE iShares MSCI Korea UCITS ETF (Dist)	0.36%	0.75%	1.17%	1.07%	1.29%	1.11%	0.69%	1.12%	0.89%	0.69%	0.56%	0.39%

Frequently Asked Questions

Can I hold both FEPX.DE and IQQK.DE in my portfolio?

FEPX.DE and IQQK.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEPX.DE or IQQK.DE?

On fees, FEPX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEPX.DE or IQQK.DE?

FEPX.DE is cheaper with a 0.30% expense ratio, compared with 0.74% for IQQK.DE.

What is the main difference between FEPX.DE and IQQK.DE?

FEPX.DE tracks Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity, while IQQK.DE tracks MSCI Korea 20/35. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEPX.DE and 0.74% for IQQK.DE.