FSEM.L vs. FEUI.L
FSEM.L (Fidelity Sustainable USD EM Bond UCITS ETF Inc) and FEUI.L (Fidelity Europe Quality Income UCITS ETF) are both exchange-traded funds - FSEM.L is a Emerging Markets Bonds fund actively managed by Fidelity, while FEUI.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR. FSEM.L is actively managed, while FEUI.L is passively managed. Over the past 5 years, FSEM.L returned 1.51%/yr vs 6.58%/yr for FEUI.L. At a 0.39 correlation, their price movements are largely independent. FSEM.L charges 0.45%/yr vs 0.30%/yr for FEUI.L.
Performance
FSEM.L vs. FEUI.L - Performance Comparison
Loading charts...
Different Trading Currencies
FSEM.L is traded in USD, while FEUI.L is traded in GBP. To make them comparable, the FEUI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSEM.L achieves a 2.80% return, which is significantly lower than FEUI.L's 6.19% return.
FSEM.L
- 1D
- -0.19%
- 1M
- 0.55%
- YTD
- 2.80%
- 6M
- 3.31%
- 1Y
- 12.88%
- 3Y*
- 8.73%
- 5Y*
- 1.51%
- 10Y*
- —
FEUI.L
- 1D
- -0.73%
- 1M
- 0.61%
- YTD
- 6.19%
- 6M
- 9.31%
- 1Y
- 18.18%
- 3Y*
- 15.97%
- 5Y*
- 6.58%
- 10Y*
- —
FSEM.L vs. FEUI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 2.80% | 13.32% | 3.51% | 8.82% | -17.90% | 2.49% |
FEUI.L Fidelity Europe Quality Income UCITS ETF | 6.19% | 33.05% | -0.37% | 21.64% | -20.65% | 13.25% |
Correlation
The correlation between FSEM.L and FEUI.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSEM.L vs. FEUI.L — Risk / Return Rank
FSEM.L
FEUI.L
FSEM.L vs. FEUI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) and Fidelity Europe Quality Income UCITS ETF (FEUI.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.
| FSEM.L | FEUI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.70 | +1.49 |
| Martin ratioReturn relative to average drawdown | 11.58 | 5.55 | +6.04 |
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 charts...
Sharpe Ratios by Period
| FSEM.L | FEUI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.25 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.38 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.41 | -0.18 |
Drawdowns
FSEM.L vs. FEUI.L - Drawdown Comparison
The maximum FSEM.L drawdown since its inception was -28.00%, smaller than the maximum FEUI.L drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for FSEM.L and FEUI.L.
Loading charts...
Drawdown Indicators
| FSEM.L | FEUI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.00% | -37.78% | +9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -10.63% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -14.13% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -37.78% | +9.78% |
Current DrawdownCurrent decline from peak | -1.09% | -2.85% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -8.67% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 3.27% | -2.16% |
Volatility
FSEM.L vs. FEUI.L - Volatility Comparison
The current volatility for Fidelity Sustainable USD EM Bond UCITS ETF Inc (FSEM.L) is 2.73%, while Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a volatility of 5.31%. This indicates that FSEM.L experiences smaller price fluctuations and is considered to be less risky than FEUI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSEM.L | FEUI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 5.31% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 11.70% | -6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 14.45% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 17.54% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 19.24% | -10.76% |
FSEM.L vs. FEUI.L - Expense Ratio Comparison
FSEM.L has a 0.45% expense ratio, which is higher than FEUI.L's 0.30% expense ratio.
Dividends
FSEM.L vs. FEUI.L - Dividend Comparison
FSEM.L's dividend yield for the trailing twelve months is around 7.91%, more than FEUI.L's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FEUI.L Fidelity Europe Quality Income UCITS ETF | 3.54% | 3.02% | 3.63% | 3.66% | 3.71% | 2.93% | 2.53% | 0.23% |
FSEM.L Fidelity Sustainable USD EM Bond UCITS ETF Inc | 7.91% | 6.31% | 6.49% | 5.74% | 5.01% | 2.41% | 0.00% | 0.00% |
Frequently Asked Questions
FSEM.L and FEUI.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEUI.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEUI.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FSEM.L.
FSEM.L is categorized as Emerging Markets Bonds, while FEUI.L is Europe Equities. Their fees differ too: 0.45% for FSEM.L and 0.30% for FEUI.L.
Find the right allocation for FSEM.L and FEUI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer