FEUI.L vs. FPXS.L

Last updated Jun 4, 2026

FEUI.L (Fidelity Europe Quality Income UCITS ETF) and FPXS.L (Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc) are both exchange-traded funds - FEUI.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while FPXS.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, FEUI.L returned 7.71%/yr vs 5.69%/yr for FPXS.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FEUI.L vs. FPXS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEUI.L) and Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEUI.L achieves a 6.44% return, which is significantly lower than FPXS.L's 7.73% return.

FEUI.L

• 1D: -0.46%
• 1M: 1.67%
• YTD: 6.44%
• 6M: 8.73%
• 1Y: 18.97%
• 3Y*: 13.09%
• 5Y*: 7.71%
• 10Y*: —

FPXS.L

• 1D: -0.45%
• 1M: 1.44%
• YTD: 7.73%
• 6M: 8.94%
• 1Y: 17.10%
• 3Y*: 9.73%
• 5Y*: 5.69%
• 10Y*: —

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

FEUI.L vs. FPXS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FEUI.L Fidelity Europe Quality Income UCITS ETF	6.44%	23.71%	1.32%	15.55%	-11.16%	17.18%	0.85%
FPXS.L Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	7.73%	11.73%	5.79%	0.21%	5.01%	6.21%	0.87%

Correlation

The correlation between FEUI.L and FPXS.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.64

The correlation between FEUI.L and FPXS.L shifts across timeframes, from 0.50 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

FEUI.L vs. FPXS.L - Sectors Allocation Comparison

Sectors	FEUI.L	FPXS.L
Financial Services	24.4%	47.7%
Industrials	19.8%	9.0%
Healthcare	12.7%	2.9%
Technology	8.9%	0.2%
Consumer Cyclical	7.7%	5.7%
Consumer Defensive	6.7%	3.6%
Energy	5.6%	3.8%
Basic Materials	4.9%	15.5%
Utilities	4.8%	2.2%
Communication Services	3.6%	2.8%
Real Estate	1.0%	6.7%

Return for Risk

FEUI.L vs. FPXS.L — Risk / Return Rank

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

FEUI.L

FEUI.L Risk / Return Rank: 42
FEUI.L Sharpe Ratio Rank: 43
FEUI.L Sortino Ratio Rank: 41
FEUI.L Omega Ratio Rank: 43
FEUI.L Calmar Ratio Rank: 40
FEUI.L Martin Ratio Rank: 41

FPXS.L

FPXS.L Risk / Return Rank: 41
FPXS.L Sharpe Ratio Rank: 41
FPXS.L Sortino Ratio Rank: 42
FPXS.L Omega Ratio Rank: 40
FPXS.L Calmar Ratio Rank: 43
FPXS.L Martin Ratio Rank: 39

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.

FEUI.L vs. FPXS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.L) and Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L). 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.

	FEUI.L	FPXS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.43	+0.10
Sortino ratio: Return per unit of downside risk	2.13	2.09	+0.04
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	1.97	2.10	-0.13
Martin ratio: Return relative to average drawdown	6.50	6.05	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUI.L vs. FPXS.L - Sharpe Ratio Comparison

The current FEUI.L Sharpe Ratio is 1.53, which is comparable to the FPXS.L Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FEUI.L and FPXS.L, 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

	FEUI.L	FPXS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.43	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.40	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.09

Drawdowns

FEUI.L vs. FPXS.L - Drawdown Comparison

The maximum FEUI.L drawdown since its inception was -30.32%, which is greater than FPXS.L's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for FEUI.L and FPXS.L.

Drawdown Indicators

	FEUI.L	FPXS.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-18.15%	-12.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-8.11%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-12.71%	-18.15%	+5.44%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-18.15%	-4.91%
Current Drawdown Current decline from peak	-2.44%	-2.60%	+0.16%
Average Drawdown Average peak-to-trough decline	-6.39%	-5.10%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.82%	+0.09%

Volatility

FEUI.L vs. FPXS.L - Volatility Comparison

Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a higher volatility of 4.76% compared to Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L) at 3.71%. This indicates that FEUI.L's price experiences larger fluctuations and is considered to be riskier than FPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUI.L	FPXS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	3.71%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	9.31%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	11.93%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	14.18%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	14.04%	+2.21%

FEUI.L vs. FPXS.L - Expense Ratio Comparison

Both FEUI.L and FPXS.L have an expense ratio of 0.30%.

Dividends

FEUI.L vs. FPXS.L - Dividend Comparison

FEUI.L's dividend yield for the trailing twelve months is around 3.54%, while FPXS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEUI.L Fidelity Europe Quality Income UCITS ETF	3.54%	3.02%	3.63%	3.66%	3.71%	2.93%	2.53%	0.23%
FPXS.L 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%

Frequently Asked Questions

Can I hold both FEUI.L and FPXS.L in my portfolio?

FEUI.L and FPXS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUI.L or FPXS.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUI.L or FPXS.L?

FEUI.L and FPXS.L have the same expense ratio: 0.30% per year.

What is the main difference between FEUI.L and FPXS.L?

FEUI.L is categorized as Europe Equities, while FPXS.L is Asia Pacific Equities. FEUI.L tracks MSCI Europe High Div Yld NR EUR, while FPXS.L tracks MSCI Pacific Ex Japan NR USD.