FIEUX vs. UEPIX

Last updated Jun 25, 2026

FIEUX (Fidelity Europe Fund) and UEPIX (ProFunds Europe 30 Fund) are both Europe Equities funds. Over the past 10 years, FIEUX returned 9.09%/yr vs 10.34%/yr for UEPIX. Their correlation of 0.82 suggests significant overlap in exposure. FIEUX charges 1.06%/yr vs 1.78%/yr for UEPIX.

Performance

FIEUX vs. UEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Europe Fund (FIEUX) and ProFunds Europe 30 Fund (UEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIEUX achieves a 6.56% return, which is significantly lower than UEPIX's 20.10% return. Over the past 10 years, FIEUX has underperformed UEPIX with an annualized return of 9.09%, while UEPIX has yielded a comparatively higher 10.34% annualized return.

FIEUX

• 1D: -2.24%
• 1M: 0.10%
• YTD: 6.56%
• 6M: 6.62%
• 1Y: 17.13%
• 3Y*: 17.13%
• 5Y*: 5.71%
• 10Y*: 9.09%

UEPIX

• 1D: -1.69%
• 1M: -1.60%
• YTD: 20.10%
• 6M: 19.55%
• 1Y: 36.46%
• 3Y*: 21.24%
• 5Y*: 12.08%
• 10Y*: 10.34%

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

FIEUX vs. UEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIEUX Fidelity Europe Fund	6.56%	37.53%	4.21%	13.68%	-20.62%	6.63%	18.29%	24.43%	-17.22%	29.16%
UEPIX ProFunds Europe 30 Fund	20.10%	28.46%	2.60%	18.54%	-7.83%	24.46%	-9.97%	17.87%	-12.48%	19.92%

Correlation

The correlation between FIEUX and UEPIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 15, 1999	0.82

The correlation between FIEUX and UEPIX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

FIEUX vs. UEPIX — Risk / Return Rank

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

FIEUX

FIEUX Risk / Return Rank: 20
FIEUX Sharpe Ratio Rank: 18
FIEUX Sortino Ratio Rank: 18
FIEUX Omega Ratio Rank: 17
FIEUX Calmar Ratio Rank: 20
FIEUX Martin Ratio Rank: 26

UEPIX

UEPIX Risk / Return Rank: 88
UEPIX Sharpe Ratio Rank: 87
UEPIX Sortino Ratio Rank: 82
UEPIX Omega Ratio Rank: 79
UEPIX Calmar Ratio Rank: 96
UEPIX Martin Ratio Rank: 95

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.

FIEUX vs. UEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Fund (FIEUX) and ProFunds Europe 30 Fund (UEPIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIEUX	UEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.52	-1.44
Sortino ratio: Return per unit of downside risk	1.63	3.38	-1.75
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.25
Calmar ratio: Return relative to maximum drawdown	1.50	5.67	-4.17
Martin ratio: Return relative to average drawdown	5.57	18.78	-13.22

FIEUX vs. UEPIX - Sharpe Ratio Comparison

The current FIEUX Sharpe Ratio is 1.08, which is lower than the UEPIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FIEUX and UEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIEUX vs. UEPIX - Drawdown Comparison

The maximum FIEUX drawdown since its inception was -59.96%, smaller than the maximum UEPIX drawdown of -76.06%. Use the drawdown chart below to compare losses from any high point for FIEUX and UEPIX.

Drawdown Indicators

	FIEUX	UEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.96%	-76.06%	+16.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-6.74%	-5.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.27%	-15.84%	+2.57%
Max Drawdown (5Y) Largest decline over 5 years	-38.04%	-26.62%	-11.42%
Max Drawdown (10Y) Largest decline over 10 years	-38.04%	-40.51%	+2.47%
Current Drawdown Current decline from peak	-2.24%	-4.31%	+2.07%
Average Drawdown Average peak-to-trough decline	-14.02%	-43.10%	+29.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	2.03%	+1.30%

Volatility

FIEUX vs. UEPIX - Volatility Comparison

Fidelity Europe Fund (FIEUX) and ProFunds Europe 30 Fund (UEPIX) have volatilities of 6.27% and 6.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIEUX	UEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	6.36%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	12.53%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	15.15%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	17.14%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	18.55%	-0.93%

FIEUX vs. UEPIX - Expense Ratio Comparison

FIEUX has a 1.06% expense ratio, which is lower than UEPIX's 1.78% expense ratio.

Dividends

FIEUX vs. UEPIX - Dividend Comparison

FIEUX's dividend yield for the trailing twelve months is around 2.10%, more than UEPIX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIEUX Fidelity Europe Fund	2.10%	2.23%	3.28%	1.62%	0.00%	16.10%	1.15%	7.42%	11.93%	2.52%	1.51%	0.43%
UEPIX ProFunds Europe 30 Fund	1.38%	1.66%	0.00%	1.43%	1.98%	0.87%	2.64%	0.82%	12.56%	0.96%	3.21%	11.73%

Frequently Asked Questions

Can I hold both FIEUX and UEPIX in my portfolio?

FIEUX and UEPIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIEUX or UEPIX?

UEPIX has higher volatility (6.36%) compared to FIEUX (6.27%). In terms of maximum drawdown, FIEUX dropped -59.96% vs UEPIX's -76.06%.

Which has better risk-adjusted returns?

UEPIX currently has the higher Sharpe Ratio (2.52 vs 1.08), 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.