FJPS.L vs. FEQD.L

Last updated Jun 5, 2026

FJPS.L (Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc) and FEQD.L (Fidelity Europe Quality Income UCITS ETF) are both exchange-traded funds - FJPS.L is a Japan Equities fund tracking the TOPIX TR JPY, while FEQD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, FJPS.L returned 10.03%/yr vs 7.92%/yr for FEQD.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FJPS.L vs. FEQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and Fidelity Europe Quality Income UCITS ETF (FEQD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJPS.L achieves a 16.69% return, which is significantly higher than FEQD.L's 7.24% return.

FJPS.L

• 1D: 0.27%
• 1M: 7.52%
• YTD: 16.69%
• 6M: 15.62%
• 1Y: 33.78%
• 3Y*: 14.39%
• 5Y*: 10.03%
• 10Y*: —

FEQD.L

• 1D: 0.66%
• 1M: 3.00%
• YTD: 7.24%
• 6M: 8.98%
• 1Y: 19.46%
• 3Y*: 13.43%
• 5Y*: 7.92%
• 10Y*: —

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

FJPS.L vs. FEQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FJPS.L Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc	16.69%	14.84%	8.88%	12.32%	-5.11%	2.90%	1.92%
FEQD.L Fidelity Europe Quality Income UCITS ETF	7.24%	23.82%	1.33%	15.49%	-11.08%	17.26%	0.76%

Correlation

The correlation between FJPS.L and FEQD.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.53

The correlation between FJPS.L and FEQD.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.

FJPS.L vs. FEQD.L - Sectors Allocation Comparison

Sectors	FJPS.L	FEQD.L
Industrials	21.9%	19.8%
Technology	19.8%	9.1%
Financial Services	18.9%	24.3%
Consumer Cyclical	11.4%	7.9%
Communication Services	9.0%	3.6%
Healthcare	6.1%	12.8%
Consumer Defensive	4.2%	6.7%
Basic Materials	4.0%	4.9%
Real Estate	2.0%	1.0%
Energy	1.8%	5.4%
Utilities	0.8%	4.7%

Return for Risk

FJPS.L vs. FEQD.L — Risk / Return Rank

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

FJPS.L

FJPS.L Risk / Return Rank: 58
FJPS.L Sharpe Ratio Rank: 54
FJPS.L Sortino Ratio Rank: 54
FJPS.L Omega Ratio Rank: 57
FJPS.L Calmar Ratio Rank: 65
FJPS.L Martin Ratio Rank: 60

FEQD.L

FEQD.L Risk / Return Rank: 43
FEQD.L Sharpe Ratio Rank: 44
FEQD.L Sortino Ratio Rank: 44
FEQD.L Omega Ratio Rank: 44
FEQD.L Calmar Ratio Rank: 41
FEQD.L Martin Ratio Rank: 42

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.

FJPS.L vs. FEQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and Fidelity Europe Quality Income UCITS ETF (FEQD.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.

	FJPS.L	FEQD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.53	+0.30
Sortino ratio: Return per unit of downside risk	2.56	2.16	+0.40
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	3.20	2.01	+1.19
Martin ratio: Return relative to average drawdown	10.51	6.72	+3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJPS.L vs. FEQD.L - Sharpe Ratio Comparison

The current FJPS.L Sharpe Ratio is 1.83, which is comparable to the FEQD.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FJPS.L and FEQD.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.

Sharpe Ratios by Period

	FJPS.L	FEQD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.53	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.56	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.51	+0.08

Drawdowns

FJPS.L vs. FEQD.L - Drawdown Comparison

The maximum FJPS.L drawdown since its inception was -17.38%, smaller than the maximum FEQD.L drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for FJPS.L and FEQD.L.

Drawdown Indicators

	FJPS.L	FEQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.38%	-26.58%	+9.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-9.64%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	-12.44%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	-23.06%	+5.68%
Current Drawdown Current decline from peak	0.00%	-1.62%	+1.62%
Average Drawdown Average peak-to-trough decline	-5.17%	-4.90%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.89%	+0.31%

Volatility

FJPS.L vs. FEQD.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) has a higher volatility of 4.30% compared to Fidelity Europe Quality Income UCITS ETF (FEQD.L) at 3.32%. This indicates that FJPS.L's price experiences larger fluctuations and is considered to be riskier than FEQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPS.L	FEQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.32%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	10.39%	+4.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	12.68%	+5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	14.26%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	14.99%	+0.91%

FJPS.L vs. FEQD.L - Expense Ratio Comparison

Both FJPS.L and FEQD.L have an expense ratio of 0.30%.

Dividends

FJPS.L vs. FEQD.L - Dividend Comparison

Neither FJPS.L nor FEQD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FJPS.L and FEQD.L in my portfolio?

FJPS.L and FEQD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FJPS.L or FEQD.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FJPS.L or FEQD.L?

FJPS.L and FEQD.L have the same expense ratio: 0.30% per year.

What is the main difference between FJPS.L and FEQD.L?

FJPS.L is categorized as Japan Equities, while FEQD.L is Europe Equities. FJPS.L tracks TOPIX TR JPY, while FEQD.L tracks MSCI Europe High Div Yld NR EUR.