FIEUX vs. VEU
Compare and contrast key facts about Fidelity Europe Fund (FIEUX) and Vanguard FTSE All-World ex-US ETF (VEU).
FIEUX is managed by Fidelity. It was launched on Oct 1, 1986. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007.
Performance
FIEUX vs. VEU - Performance Comparison
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FIEUX vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIEUX Fidelity Europe Fund | -2.92% | 37.53% | 4.21% | 13.68% | -20.62% | 6.63% | 18.29% | 24.43% | -17.22% | 29.16% |
VEU Vanguard FTSE All-World ex-US ETF | 3.60% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
Returns By Period
In the year-to-date period, FIEUX achieves a -2.92% return, which is significantly lower than VEU's 3.60% return. Over the past 10 years, FIEUX has underperformed VEU with an annualized return of 7.38%, while VEU has yielded a comparatively higher 9.16% annualized return.
FIEUX
- 1D
- 3.40%
- 1M
- -5.78%
- YTD
- -2.92%
- 6M
- -0.68%
- 1Y
- 19.31%
- 3Y*
- 13.46%
- 5Y*
- 4.96%
- 10Y*
- 7.38%
VEU
- 1D
- 1.32%
- 1M
- -5.22%
- YTD
- 3.60%
- 6M
- 7.76%
- 1Y
- 28.98%
- 3Y*
- 16.19%
- 5Y*
- 7.74%
- 10Y*
- 9.16%
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FIEUX vs. VEU - Expense Ratio Comparison
FIEUX has a 1.06% expense ratio, which is higher than VEU's 0.07% expense ratio.
Return for Risk
FIEUX vs. VEU — Risk / Return Rank
FIEUX
VEU
FIEUX vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Fund (FIEUX) and Vanguard FTSE All-World ex-US ETF (VEU). 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 | VEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.69 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.32 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.57 | -1.05 |
Martin ratioReturn relative to average drawdown | 5.76 | 9.83 | -4.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIEUX | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.69 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.49 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.54 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.23 | +0.20 |
Correlation
The correlation between FIEUX and VEU is 0.88, 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. VEU - Dividend Comparison
FIEUX's dividend yield for the trailing twelve months is around 2.30%, less than VEU's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIEUX Fidelity Europe Fund | 2.30% | 2.23% | 3.28% | 1.62% | 0.00% | 16.10% | 1.15% | 7.42% | 11.93% | 2.52% | 1.51% | 0.43% |
VEU Vanguard FTSE All-World ex-US ETF | 2.88% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Drawdowns
FIEUX vs. VEU - Drawdown Comparison
The maximum FIEUX drawdown since its inception was -59.96%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for FIEUX and VEU.
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Drawdown Indicators
| FIEUX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -61.52% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -11.43% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -29.31% | -8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -34.98% | -3.06% |
Current DrawdownCurrent decline from peak | -8.88% | -7.36% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -13.23% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.99% | +0.28% |
Volatility
FIEUX vs. VEU - Volatility Comparison
Fidelity Europe Fund (FIEUX) has a higher volatility of 8.35% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 7.65%. This indicates that FIEUX's price experiences larger fluctuations and is considered to be riskier than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIEUX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 7.65% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 11.61% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 17.25% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 15.83% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 17.13% | +0.66% |