FPXS.L vs. MPXG.L

Last updated Jun 5, 2026

FPXS.L (Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc) and MPXG.L (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D)) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from Fidelity and Amundi respectively. Both are passively managed. Over the past 3 years, FPXS.L returned 9.24%/yr vs 3.89%/yr for MPXG.L. A 0.60 correlation means they provide meaningful diversification when combined. FPXS.L charges 0.30%/yr vs 0.15%/yr for MPXG.L.

Performance

FPXS.L vs. MPXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) (MPXG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FPXS.L is traded in GBP, while MPXG.L is traded in GBp. To make them comparable, the MPXG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FPXS.L achieves a 6.75% return, which is significantly higher than MPXG.L's 2.07% return.

FPXS.L

• 1D: -0.90%
• 1M: 0.81%
• YTD: 6.75%
• 6M: 7.69%
• 1Y: 15.31%
• 3Y*: 9.24%
• 5Y*: 5.50%
• 10Y*: —

MPXG.L

• 1D: -0.79%
• 1M: -3.47%
• YTD: 2.07%
• 6M: 1.90%
• 1Y: 4.17%
• 3Y*: 3.89%
• 5Y*: —
• 10Y*: —

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

FPXS.L vs. MPXG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FPXS.L Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	6.75%	11.73%	5.79%	0.21%	1.26%
MPXG.L Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D)	2.07%	5.53%	2.02%	-1.23%	1.81%

Correlation

The correlation between FPXS.L and MPXG.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.60

The correlation between FPXS.L and MPXG.L shifts across timeframes, from 0.60 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FPXS.L vs. MPXG.L — Risk / Return Rank

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

FPXS.L

FPXS.L Risk / Return Rank: 37
FPXS.L Sharpe Ratio Rank: 36
FPXS.L Sortino Ratio Rank: 37
FPXS.L Omega Ratio Rank: 35
FPXS.L Calmar Ratio Rank: 39
FPXS.L Martin Ratio Rank: 36

MPXG.L

MPXG.L Risk / Return Rank: 15
MPXG.L Sharpe Ratio Rank: 15
MPXG.L Sortino Ratio Rank: 14
MPXG.L Omega Ratio Rank: 14
MPXG.L Calmar Ratio Rank: 16
MPXG.L Martin Ratio Rank: 16

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.

FPXS.L vs. MPXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) (MPXG.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.

	FPXS.L	MPXG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.38	+0.89
Sortino ratio: Return per unit of downside risk	1.88	0.63	+1.26
Omega ratio: Gain probability vs. loss probability	1.23	1.07	+0.16
Calmar ratio: Return relative to maximum drawdown	1.88	0.59	+1.29
Martin ratio: Return relative to average drawdown	5.41	1.49	+3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPXS.L vs. MPXG.L - Sharpe Ratio Comparison

The current FPXS.L Sharpe Ratio is 1.28, which is higher than the MPXG.L Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of FPXS.L and MPXG.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

	FPXS.L	MPXG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.38	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.26	+0.21

Drawdowns

FPXS.L vs. MPXG.L - Drawdown Comparison

The maximum FPXS.L drawdown since its inception was -18.15%, which is greater than MPXG.L's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for FPXS.L and MPXG.L.

Drawdown Indicators

	FPXS.L	MPXG.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-16.94%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-7.42%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.15%	-15.75%	-2.40%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	—	—
Current Drawdown Current decline from peak	-3.48%	-6.14%	+2.66%
Average Drawdown Average peak-to-trough decline	-5.10%	-5.30%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.87%	-0.04%

Volatility

FPXS.L vs. MPXG.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) (MPXG.L) have volatilities of 3.82% and 3.79%, 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

	FPXS.L	MPXG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.79%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	9.17%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	11.43%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	14.91%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	14.91%	-0.87%

FPXS.L vs. MPXG.L - Expense Ratio Comparison

FPXS.L has a 0.30% expense ratio, which is higher than MPXG.L's 0.15% expense ratio.

Dividends

FPXS.L vs. MPXG.L - Dividend Comparison

FPXS.L has not paid dividends to shareholders, while MPXG.L's dividend yield for the trailing twelve months is around 3.17%.

Position	TTM	2025	2024	2023
FPXS.L Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%
MPXG.L Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D)	3.17%	3.24%	3.36%	3.87%

Frequently Asked Questions

Can I hold both FPXS.L and MPXG.L in my portfolio?

FPXS.L and MPXG.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FPXS.L or MPXG.L?

On fees, MPXG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FPXS.L or MPXG.L?

MPXG.L is cheaper with a 0.15% expense ratio, compared with 0.30% for FPXS.L.

What is the main difference between FPXS.L and MPXG.L?

Both ETFs track MSCI Pacific Ex Japan NR USD. They also come from different issuers: Fidelity and Amundi. Their fees differ too: 0.30% for FPXS.L and 0.15% for MPXG.L.