FIEUX vs. EWG
Compare and contrast key facts about Fidelity Europe Fund (FIEUX) and iShares MSCI Germany ETF (EWG).
FIEUX is managed by Fidelity. It was launched on Oct 1, 1986. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996.
Performance
FIEUX vs. EWG - Performance Comparison
Loading graphics...
FIEUX vs. EWG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIEUX Fidelity Europe Fund | -6.11% | 37.53% | 4.21% | 13.68% | -20.62% | 6.63% | 18.29% | 24.43% | -17.22% | 29.16% |
EWG iShares MSCI Germany ETF | -6.66% | 35.79% | 9.79% | 23.35% | -22.27% | 5.84% | 10.09% | 19.15% | -21.40% | 27.42% |
Returns By Period
In the year-to-date period, FIEUX achieves a -6.11% return, which is significantly higher than EWG's -6.66% return. Both investments have delivered pretty close results over the past 10 years, with FIEUX having a 7.02% annualized return and EWG not far ahead at 7.03%.
FIEUX
- 1D
- 0.27%
- 1M
- -10.92%
- YTD
- -6.11%
- 6M
- -2.95%
- 1Y
- 16.25%
- 3Y*
- 12.20%
- 5Y*
- 4.59%
- 10Y*
- 7.02%
EWG
- 1D
- 3.39%
- 1M
- -10.53%
- YTD
- -6.66%
- 6M
- -4.66%
- 1Y
- 8.76%
- 3Y*
- 14.25%
- 5Y*
- 5.73%
- 10Y*
- 7.03%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIEUX vs. EWG - Expense Ratio Comparison
FIEUX has a 1.06% expense ratio, which is higher than EWG's 0.49% expense ratio.
Return for Risk
FIEUX vs. EWG — Risk / Return Rank
FIEUX
EWG
FIEUX vs. EWG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Fund (FIEUX) and iShares MSCI Germany ETF (EWG). 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.
| FIEUX | EWG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.44 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.77 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.54 | +0.61 |
Martin ratioReturn relative to average drawdown | 4.43 | 1.76 | +2.66 |
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 graphics...
Sharpe Ratios by Period
| FIEUX | EWG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.44 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.28 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.34 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.24 | +0.19 |
Correlation
The correlation between FIEUX and EWG is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIEUX vs. EWG - Dividend Comparison
FIEUX's dividend yield for the trailing twelve months is around 2.38%, more than EWG's 1.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIEUX Fidelity Europe Fund | 2.38% | 2.23% | 3.28% | 1.62% | 0.00% | 16.10% | 1.15% | 7.42% | 11.93% | 2.52% | 1.51% | 0.43% |
EWG iShares MSCI Germany ETF | 1.71% | 1.60% | 2.38% | 2.56% | 3.24% | 2.70% | 1.67% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% |
Drawdowns
FIEUX vs. EWG - Drawdown Comparison
The maximum FIEUX drawdown since its inception was -59.96%, smaller than the maximum EWG drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FIEUX and EWG.
Loading graphics...
Drawdown Indicators
| FIEUX | EWG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -67.57% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -14.54% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -43.44% | +5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -46.80% | +8.76% |
Current DrawdownCurrent decline from peak | -11.87% | -10.97% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -19.28% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 4.46% | -1.23% |
Volatility
FIEUX vs. EWG - Volatility Comparison
The current volatility for Fidelity Europe Fund (FIEUX) is 7.64%, while iShares MSCI Germany ETF (EWG) has a volatility of 8.65%. This indicates that FIEUX experiences smaller price fluctuations and is considered to be less risky than EWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIEUX | EWG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 8.65% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 12.39% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 19.80% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 20.30% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 21.03% | -3.27% |