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FEV.L vs. HUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEV.L vs. HUKX.L

Last updated Jun 5, 2026

FEV.L (Fidelity European Values) is a stock, while HUKX.L (HSBC FTSE 100 UCITS ETF GBP) is Europe Equities fund tracking the FTSE AllSh TR GBP. Over the past 10 years, FEV.L returned 12.21%/yr vs 9.07%/yr for HUKX.L. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

FEV.L vs. HUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity European Values (FEV.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FEV.L achieves a 1.81% return, which is significantly lower than HUKX.L's 5.71% return. Over the past 10 years, FEV.L has outperformed HUKX.L with an annualized return of 12.21%, while HUKX.L has yielded a comparatively lower 9.07% annualized return.

FEV.L

1D
0.60%
1M
3.73%
YTD
1.81%
6M
0.96%
1Y
4.93%
3Y*
8.42%
5Y*
9.04%
10Y*
12.21%

HUKX.L

1D
0.29%
1M
1.39%
YTD
5.71%
6M
8.18%
1Y
20.97%
3Y*
14.79%
5Y*
11.88%
10Y*
9.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEV.L vs. HUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEV.L
Fidelity European Values		1.81%21.13%-0.04%15.34%-3.84%21.74%13.11%30.62%-6.80%26.27%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		5.71%26.20%9.58%7.36%5.07%17.54%-11.64%17.42%-8.67%12.39%

Correlation

The correlation between FEV.L and HUKX.L is 0.65, 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

0.65

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

0.67

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

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2009

0.70

The correlation between FEV.L and HUKX.L has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

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Fidelity European Values

HSBC FTSE 100 UCITS ETF GBP

Often compared with FEV.L:
FEV.L vs. JEGI.LFEV.L vs. BRSC.LFEV.L vs. IDVY.LFEV.L vs. S600.LFEV.L vs. CS51.LFEV.L vs. FXAIXFEV.L vs. JGGI.L
Often compared with HUKX.L:
HUKX.L vs. ISF.LHUKX.L vs. VUKG.LHUKX.L vs. VFWAXHUKX.L vs. EUDVHUKX.L vs. LDUK.LHUKX.L vs. HSPD.LHUKX.L vs. LDEG.L

Return for Risk

FEV.L vs. HUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEV.L
FEV.L Risk / Return Rank: 4949
Overall Rank
FEV.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
FEV.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
FEV.L Omega Ratio Rank: 4444
Omega Ratio Rank
FEV.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
FEV.L Martin Ratio Rank: 5353
Martin Ratio Rank
HUKX.L
HUKX.L Risk / Return Rank: 5555
Overall Rank
HUKX.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HUKX.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
HUKX.L Omega Ratio Rank: 6060
Omega Ratio Rank
HUKX.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
HUKX.L Martin Ratio Rank: 5050
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.

FEV.L vs. HUKX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity European Values (FEV.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.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.

FEV.LHUKX.LDifference
Sharpe ratioReturn per unit of total volatility
0.32
1.93

-1.61

Sortino ratioReturn per unit of downside risk
0.56
2.70

-2.14

Omega ratioGain probability vs. loss probability

1.07

1.36

-0.29

Calmar ratioReturn relative to maximum drawdown

0.34

2.38

-2.04

Martin ratioReturn relative to average drawdown

1.10

8.21

-7.11

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

FEV.L vs. HUKX.L - Sharpe Ratio Comparison

The current FEV.L Sharpe Ratio is 0.32, which is lower than the HUKX.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FEV.L and HUKX.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

FEV.LHUKX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

1.93

-1.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.94

-0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.61

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.53

+0.13

Drawdowns

FEV.L vs. HUKX.L - Drawdown Comparison

The maximum FEV.L drawdown since its inception was -46.27%, which is greater than HUKX.L's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for FEV.L and HUKX.L.

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Drawdown Indicators

FEV.LHUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-46.27%

-34.22%

-12.05%

Max Drawdown (1Y)

Largest decline over 1 year

-14.42%

-8.78%

-5.64%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-12.95%

-2.76%

Max Drawdown (5Y)

Largest decline over 5 years

-22.46%

-12.95%

-9.51%

Max Drawdown (10Y)

Largest decline over 10 years

-31.10%

-34.22%

+3.12%

Current Drawdown

Current decline from peak

-3.96%

-3.87%

-0.09%

Average Drawdown

Average peak-to-trough decline

-8.14%

-4.37%

-3.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

2.55%

+1.93%

Volatility

FEV.L vs. HUKX.L - Volatility Comparison

Fidelity European Values (FEV.L) has a higher volatility of 4.23% compared to HSBC FTSE 100 UCITS ETF GBP (HUKX.L) at 3.90%. This indicates that FEV.L's price experiences larger fluctuations and is considered to be riskier than HUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEV.LHUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

3.90%

+0.33%

Volatility (6M)

Calculated over the trailing 6-month period

12.86%

9.43%

+3.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.20%

10.82%

+4.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

12.65%

+5.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

14.96%

+3.22%

Dividends

FEV.L vs. HUKX.L - Dividend Comparison

FEV.L's dividend yield for the trailing twelve months is around 2.37%, less than HUKX.L's 2.85% yield.

PositionTTM20252024202320222021202020192018201720162015
FEV.L
Fidelity European Values		2.37%2.26%2.44%2.19%2.27%1.92%2.27%3.41%2.10%1.84%1.81%2.09%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		2.85%2.95%3.74%3.50%3.63%3.19%4.04%4.31%4.35%3.79%3.49%3.79%

Frequently Asked Questions

FEV.L and HUKX.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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