FHJVX vs. VEUSX

Last updated Jun 4, 2026

FHJVX (Fidelity Advisor Europe Fund Class M) and VEUSX (Vanguard European Stock Index Fund Admiral Shares) are both Europe Equities funds. Over the past 10 years, FHJVX returned 7.53%/yr vs 9.37%/yr for VEUSX. Their correlation of 0.95 suggests significant overlap in exposure. FHJVX charges 1.68%/yr vs 0.10%/yr for VEUSX.

Performance

FHJVX vs. VEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Europe Fund Class M (FHJVX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHJVX having a 7.03% return and VEUSX slightly higher at 7.08%. Over the past 10 years, FHJVX has underperformed VEUSX with an annualized return of 7.53%, while VEUSX has yielded a comparatively higher 9.37% annualized return.

FHJVX

• 1D: 0.52%
• 1M: 4.64%
• YTD: 7.03%
• 6M: 10.21%
• 1Y: 18.21%
• 3Y*: 16.48%
• 5Y*: 5.27%
• 10Y*: 7.53%

VEUSX

• 1D: 0.41%
• 1M: 3.96%
• YTD: 7.08%
• 6M: 10.13%
• 1Y: 19.62%
• 3Y*: 16.86%
• 5Y*: 8.68%
• 10Y*: 9.37%

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

FHJVX vs. VEUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHJVX Fidelity Advisor Europe Fund Class M	7.03%	36.83%	3.62%	13.00%	-21.09%	5.99%	17.53%	23.67%	-17.74%	28.38%
VEUSX Vanguard European Stock Index Fund Admiral Shares	7.08%	35.41%	2.01%	19.99%	-16.06%	16.28%	6.43%	24.22%	-14.81%	27.04%

Correlation

The correlation between FHJVX and VEUSX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014	0.95

The correlation between FHJVX and VEUSX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FHJVX vs. VEUSX — Risk / Return Rank

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

FHJVX

FHJVX Risk / Return Rank: 16
FHJVX Sharpe Ratio Rank: 15
FHJVX Sortino Ratio Rank: 15
FHJVX Omega Ratio Rank: 15
FHJVX Calmar Ratio Rank: 17
FHJVX Martin Ratio Rank: 21

VEUSX

VEUSX Risk / Return Rank: 19
VEUSX Sharpe Ratio Rank: 19
VEUSX Sortino Ratio Rank: 18
VEUSX Omega Ratio Rank: 18
VEUSX Calmar Ratio Rank: 18
VEUSX Martin Ratio Rank: 23

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.

FHJVX vs. VEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Europe Fund Class M (FHJVX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). 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.

	FHJVX	VEUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.24	-0.14
Sortino ratio: Return per unit of downside risk	1.64	1.80	-0.16
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.44	1.57	-0.13
Martin ratio: Return relative to average drawdown	5.33	5.79	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHJVX vs. VEUSX - Sharpe Ratio Comparison

The current FHJVX Sharpe Ratio is 1.10, which is comparable to the VEUSX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FHJVX and VEUSX, 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

	FHJVX	VEUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.24	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.50	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.52	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.32	+0.01

Drawdowns

FHJVX vs. VEUSX - Drawdown Comparison

The maximum FHJVX drawdown since its inception was -38.41%, smaller than the maximum VEUSX drawdown of -63.28%. Use the drawdown chart below to compare losses from any high point for FHJVX and VEUSX.

Drawdown Indicators

	FHJVX	VEUSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.41%	-63.28%	+24.87%
Max Drawdown (1Y) Largest decline over 1 year	-12.46%	-11.97%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.42%	-13.96%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-38.41%	-32.72%	-5.69%
Max Drawdown (10Y) Largest decline over 10 years	-38.41%	-36.87%	-1.54%
Current Drawdown Current decline from peak	-0.50%	-1.15%	+0.65%
Average Drawdown Average peak-to-trough decline	-10.36%	-12.95%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.23%	+0.13%

Volatility

FHJVX vs. VEUSX - Volatility Comparison

Fidelity Advisor Europe Fund Class M (FHJVX) has a higher volatility of 6.33% compared to Vanguard European Stock Index Fund Admiral Shares (VEUSX) at 5.49%. This indicates that FHJVX's price experiences larger fluctuations and is considered to be riskier than VEUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHJVX	VEUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	5.49%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	12.53%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	15.21%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	17.38%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	18.24%	-0.29%

FHJVX vs. VEUSX - Expense Ratio Comparison

FHJVX has a 1.68% expense ratio, which is higher than VEUSX's 0.10% expense ratio.

Dividends

FHJVX vs. VEUSX - Dividend Comparison

FHJVX's dividend yield for the trailing twelve months is around 1.58%, less than VEUSX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHJVX Fidelity Advisor Europe Fund Class M	1.58%	1.69%	2.69%	0.96%	0.00%	15.25%	0.61%	6.68%	10.70%	2.08%	0.64%	0.68%
VEUSX Vanguard European Stock Index Fund Admiral Shares	2.76%	2.84%	3.58%	3.13%	3.22%	3.02%	2.08%	3.26%	3.92%	2.70%	3.52%	3.24%

Frequently Asked Questions

Can I hold both FHJVX and VEUSX in my portfolio?

With a correlation of 0.95, FHJVX and VEUSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FHJVX or VEUSX?

FHJVX has higher volatility (6.33%) compared to VEUSX (5.49%). In terms of maximum drawdown, FHJVX dropped -38.41% vs VEUSX's -63.28%.

Which has better risk-adjusted returns?

VEUSX currently has the higher Sharpe Ratio (1.24 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.