FEUI.L vs. FSEM.L
FEUI.L (Fidelity Europe Quality Income UCITS ETF) and FSEM.L (Fidelity Sustainable USD EM Bond UCITS ETF Inc) are both exchange-traded funds - FEUI.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while FSEM.L is a Emerging Markets Bonds fund actively managed by Fidelity. FEUI.L is passively managed, while FSEM.L is actively managed. Over the past 5 years, FEUI.L returned 7.71%/yr vs 2.60%/yr for FSEM.L. At a 0.16 correlation, their price movements are largely independent. FEUI.L charges 0.30%/yr vs 0.45%/yr for FSEM.L.
Performance
FEUI.L vs. FSEM.L - Performance Comparison
Loading charts...
Different Trading Currencies
FEUI.L is traded in GBP, while FSEM.L is traded in USD. To make them comparable, the FSEM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEUI.L achieves a 6.44% return, which is significantly higher than FSEM.L's 3.18% 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*
- —
FSEM.L
- 1D
- 0.07%
- 1M
- 1.68%
- YTD
- 3.18%
- 6M
- 2.76%
- 1Y
- 13.67%
- 3Y*
- 6.04%
- 5Y*
- 2.60%
- 10Y*
- —
FEUI.L vs. FSEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEUI.L Fidelity Europe Quality Income UCITS ETF | 6.44% | 23.71% | 1.32% | 15.55% | -11.16% | 15.13% |
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 3.18% | 5.25% | 5.32% | 3.38% | -8.14% | 4.21% |
Correlation
The correlation between FEUI.L and FSEM.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEUI.L vs. FSEM.L — Risk / Return Rank
FEUI.L
FSEM.L
FEUI.L vs. FSEM.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 USD EM Bond UCITS ETF Inc (FSEM.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 | FSEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.39 | -0.41 |
| Martin ratioReturn relative to average drawdown | 6.50 | 6.83 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FEUI.L | FSEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.72 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.25 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.24 | +0.16 |
Drawdowns
FEUI.L vs. FSEM.L - Drawdown Comparison
The maximum FEUI.L drawdown since its inception was -30.32%, which is greater than FSEM.L's maximum drawdown of -15.36%. Use the drawdown chart below to compare losses from any high point for FEUI.L and FSEM.L.
Loading charts...
Drawdown Indicators
| FEUI.L | FSEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.32% | -15.36% | -14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -5.70% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.71% | -9.08% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -15.36% | -7.70% |
Current DrawdownCurrent decline from peak | -2.44% | -1.25% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -6.53% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.00% | +0.91% |
Volatility
FEUI.L vs. FSEM.L - Volatility Comparison
Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a higher volatility of 4.76% compared to Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) at 2.90%. This indicates that FEUI.L's price experiences larger fluctuations and is considered to be riskier than FSEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEUI.L | FSEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 2.90% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 6.39% | +3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 7.90% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 10.22% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 10.13% | +6.12% |
FEUI.L vs. FSEM.L - Expense Ratio Comparison
FEUI.L has a 0.30% expense ratio, which is lower than FSEM.L's 0.45% expense ratio.
Dividends
FEUI.L vs. FSEM.L - Dividend Comparison
FEUI.L's dividend yield for the trailing twelve months is around 3.54%, less than FSEM.L's 7.91% yield.
| 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% |
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 7.91% | 6.31% | 6.49% | 5.74% | 5.01% | 2.41% | 0.00% | 0.00% |
Frequently Asked Questions
FEUI.L and FSEM.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEUI.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEUI.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FSEM.L.
FEUI.L is categorized as Europe Equities, while FSEM.L is Emerging Markets Bonds. Their fees differ too: 0.30% for FEUI.L and 0.45% for FSEM.L.
Find the right allocation for FEUI.L and FSEM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer