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FEUR.L vs. EUHD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEUR.L vs. EUHD.L

Last updated Jun 5, 2026

FEUR.L (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both Europe Equities funds - FEUR.L tracks the MSCI Europe NR EUR while EUHD.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, FEUR.L returned 8.56%/yr vs 12.89%/yr for EUHD.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FEUR.L vs. EUHD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FEUR.L is traded in GBP, while EUHD.L is traded in GBp. To make them comparable, the EUHD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUR.L achieves a 5.75% return, which is significantly lower than EUHD.L's 9.29% return.

FEUR.L

1D
1.38%
1M
3.93%
YTD
5.75%
6M
7.62%
1Y
15.05%
3Y*
11.51%
5Y*
8.56%
10Y*
—

EUHD.L

1D
0.24%
1M
1.24%
YTD
9.29%
6M
11.09%
1Y
24.45%
3Y*
20.22%
5Y*
12.89%
10Y*
9.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUR.L vs. EUHD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FEUR.L
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc		5.75%22.87%2.49%11.56%-4.77%17.59%9.82%
EUHD.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		9.29%42.88%5.23%11.37%-3.26%13.30%0.60%

Correlation

The correlation between FEUR.L and EUHD.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2020

0.77

Over the past year, the correlation between FEUR.L and EUHD.L has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

FEUR.L vs. EUHD.L - Sectors Allocation Comparison

Sectors
FEUR.L
EUHD.L

Financial Services

24.5%
35.2%

Industrials

19.7%
3.8%

Healthcare

13.3%
0.0%

Technology

9.4%

-

Consumer Defensive

8.3%
3.7%

Consumer Cyclical

7.3%
10.4%

Basic Materials

4.9%
10.0%

Communication Services

4.7%
6.3%

Energy

4.1%
6.8%

Utilities

3.2%
12.1%

Real Estate

0.7%
11.6%

Financial Services

FEUR.L
24.5%
EUHD.L
35.2%

Industrials

FEUR.L
19.7%
EUHD.L
3.8%

Healthcare

FEUR.L
13.3%
EUHD.L
0.0%

Technology

FEUR.L
9.4%
EUHD.L

-

Consumer Defensive

FEUR.L
8.3%
EUHD.L
3.7%

Consumer Cyclical

FEUR.L
7.3%
EUHD.L
10.4%

Basic Materials

FEUR.L
4.9%
EUHD.L
10.0%

Communication Services

FEUR.L
4.7%
EUHD.L
6.3%

Energy

FEUR.L
4.1%
EUHD.L
6.8%

Utilities

FEUR.L
3.2%
EUHD.L
12.1%

Real Estate

FEUR.L
0.7%
EUHD.L
11.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc

PowerShares EURO STOXX High Dividend Low Volatility UCITS

Often compared with FEUR.L:
FEUR.L vs. FGLS.LFEUR.L vs. FUSS.LFEUR.L vs. FUSA.LFEUR.L vs. FEMD.LFEUR.L vs. FEUI.LFEUR.L vs. FUQA.LFEUR.L vs. FGQD.L
Often compared with EUHD.L:
EUHD.L vs. XDAX.LEUHD.L vs. LDEG.LEUHD.L vs. HDEM.LEUHD.L vs. H50E.LEUHD.L vs. SCHDEUHD.L vs. MVOL.LEUHD.L vs. TDGB.L

Return for Risk

FEUR.L vs. EUHD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEUR.L
FEUR.L Risk / Return Rank: 2929
Overall Rank
FEUR.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
FEUR.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
FEUR.L Omega Ratio Rank: 2828
Omega Ratio Rank
FEUR.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
FEUR.L Martin Ratio Rank: 3232
Martin Ratio Rank
EUHD.L
EUHD.L Risk / Return Rank: 6666
Overall Rank
EUHD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EUHD.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
EUHD.L Omega Ratio Rank: 6666
Omega Ratio Rank
EUHD.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
EUHD.L Martin Ratio Rank: 6666
Martin Ratio Rank
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.

FEUR.L vs. EUHD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.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.

FEUR.LEUHD.LDifference
Sharpe ratioReturn per unit of total volatility
1.03
2.18

-1.15

Sortino ratioReturn per unit of downside risk
1.51
2.88

-1.38

Omega ratioGain probability vs. loss probability

1.19

1.39

-0.20

Calmar ratioReturn relative to maximum drawdown

1.36

3.39

-2.03

Martin ratioReturn relative to average drawdown

4.64

11.84

-7.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUR.L vs. EUHD.L - Sharpe Ratio Comparison

The current FEUR.L Sharpe Ratio is 1.03, which is lower than the EUHD.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FEUR.L and EUHD.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.

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Sharpe Ratios by Period

FEUR.LEUHD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.03

2.18

-1.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.94

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.62

+0.10

Drawdowns

FEUR.L vs. EUHD.L - Drawdown Comparison

The maximum FEUR.L drawdown since its inception was -16.72%, smaller than the maximum EUHD.L drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for FEUR.L and EUHD.L.

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Drawdown Indicators

FEUR.LEUHD.LDifference

Max Drawdown

Largest peak-to-trough decline

-16.72%

-35.97%

+19.25%

Max Drawdown (1Y)

Largest decline over 1 year

-11.02%

-7.17%

-3.85%

Max Drawdown (3Y)

Largest decline over 3 years

-12.97%

-10.52%

-2.45%

Max Drawdown (5Y)

Largest decline over 5 years

-16.72%

-19.82%

+3.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.97%

—

Current Drawdown

Current decline from peak

-2.10%

-2.09%

-0.01%

Average Drawdown

Average peak-to-trough decline

-3.48%

-5.30%

+1.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

2.06%

+1.17%

Volatility

FEUR.L vs. EUHD.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) has a higher volatility of 5.04% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) at 3.72%. This indicates that FEUR.L's price experiences larger fluctuations and is considered to be riskier than EUHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEUR.LEUHD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.04%

3.72%

+1.32%

Volatility (6M)

Calculated over the trailing 6-month period

12.19%

8.70%

+3.49%

Volatility (1Y)

Calculated over the trailing 1-year period

14.61%

11.18%

+3.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.49%

13.74%

+0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.74%

15.55%

-0.81%

FEUR.L vs. EUHD.L - Expense Ratio Comparison

Both FEUR.L and EUHD.L have an expense ratio of 0.30%.

Dividends

FEUR.L vs. EUHD.L - Dividend Comparison

FEUR.L has not paid dividends to shareholders, while EUHD.L's dividend yield for the trailing twelve months is around 3.95%.

PositionTTM2025202420232022202120202019201820172016
EUHD.L
PowerShares EURO STOXX High Dividend Low Volatility UCITS		3.95%4.61%5.86%5.50%5.44%4.28%3.06%4.66%4.34%3.41%3.51%
FEUR.L
Fidelity Sustainable Research Enhanced Europe 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%

Frequently Asked Questions

FEUR.L and EUHD.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FEUR.L and EUHD.L have the same expense ratio: 0.30% per year.

FEUR.L tracks MSCI Europe NR EUR, while EUHD.L tracks MSCI EMU NR EUR. They also come from different issuers: Fidelity and Invesco.

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