FUQA.L vs. FEUR.L

Last updated Jun 5, 2026

FUQA.L (Fidelity US Quality Income ETF Acc) and FEUR.L (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) are both exchange-traded funds - FUQA.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index, while FEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FUQA.L returned 12.92%/yr vs 8.56%/yr for FEUR.L. A 0.57 correlation means they provide meaningful diversification when combined. FUQA.L charges 0.25%/yr vs 0.30%/yr for FEUR.L.

Performance

FUQA.L vs. FEUR.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FUQA.L achieves a 8.88% return, which is significantly higher than FEUR.L's 5.75% return.

FUQA.L

• 1D: 0.02%
• 1M: 4.29%
• YTD: 8.88%
• 6M: 8.31%
• 1Y: 24.89%
• 3Y*: 14.90%
• 5Y*: 12.92%
• 10Y*: —

FEUR.L

• 1D: 1.38%
• 1M: 3.93%
• YTD: 5.75%
• 6M: 7.62%
• 1Y: 15.05%
• 3Y*: 11.51%
• 5Y*: 8.56%
• 10Y*: —

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

FUQA.L vs. FEUR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FUQA.L Fidelity US Quality Income ETF Acc	8.88%	7.90%	19.50%	11.85%	-0.00%	27.82%	10.17%
FEUR.L Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc	5.75%	22.87%	2.49%	11.56%	-4.77%	17.59%	9.82%

Correlation

The correlation between FUQA.L and FEUR.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.57

Over the past year, the correlation between FUQA.L and FEUR.L has dropped to 0.30 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

FUQA.L vs. FEUR.L - Sectors Allocation Comparison

Sectors	FUQA.L	FEUR.L
Technology	36.9%	9.4%
Financial Services	12.1%	24.5%
Communication Services	10.3%	4.7%
Consumer Cyclical	9.1%	7.3%
Healthcare	9.0%	13.3%
Industrials	8.6%	19.7%
Consumer Defensive	4.4%	8.3%
Energy	3.3%	4.1%
Basic Materials	2.2%	4.9%
Utilities	2.1%	3.2%
Real Estate	2.1%	0.7%

Return for Risk

FUQA.L vs. FEUR.L — Risk / Return Rank

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

FUQA.L

FUQA.L Risk / Return Rank: 76
FUQA.L Sharpe Ratio Rank: 76
FUQA.L Sortino Ratio Rank: 74
FUQA.L Omega Ratio Rank: 77
FUQA.L Calmar Ratio Rank: 72
FUQA.L Martin Ratio Rank: 82

FEUR.L

FEUR.L Risk / Return Rank: 29
FEUR.L Sharpe Ratio Rank: 29
FEUR.L Sortino Ratio Rank: 28
FEUR.L Omega Ratio Rank: 28
FEUR.L Calmar Ratio Rank: 29
FEUR.L Martin Ratio Rank: 32

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.

FUQA.L vs. FEUR.L - Risk-Adjusted Trends Comparison

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

	FUQA.L	FEUR.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.03	+1.40
Sortino ratio: Return per unit of downside risk	3.27	1.51	+1.76
Omega ratio: Gain probability vs. loss probability	1.45	1.19	+0.26
Calmar ratio: Return relative to maximum drawdown	3.57	1.36	+2.21
Martin ratio: Return relative to average drawdown	16.10	4.64	+11.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUQA.L vs. FEUR.L - Sharpe Ratio Comparison

The current FUQA.L Sharpe Ratio is 2.43, which is higher than the FEUR.L Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FUQA.L and FEUR.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

	FUQA.L	FEUR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.03	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.59	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.72	+0.20

Drawdowns

FUQA.L vs. FEUR.L - Drawdown Comparison

The maximum FUQA.L drawdown since its inception was -27.34%, which is greater than FEUR.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for FUQA.L and FEUR.L.

Drawdown Indicators

	FUQA.L	FEUR.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-16.72%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-11.02%	+4.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-12.97%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	-18.99%	-16.72%	-2.27%
Current Drawdown Current decline from peak	0.00%	-2.10%	+2.10%
Average Drawdown Average peak-to-trough decline	-3.19%	-3.48%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	3.23%	-1.69%

Volatility

FUQA.L vs. FEUR.L - Volatility Comparison

The current volatility for Fidelity US Quality Income ETF Acc (FUQA.L) is 2.27%, while Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) has a volatility of 5.04%. This indicates that FUQA.L experiences smaller price fluctuations and is considered to be less risky than FEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUQA.L	FEUR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	5.04%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	12.19%	-4.93%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	14.61%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.30%	14.49%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	14.74%	+1.55%

FUQA.L vs. FEUR.L - Expense Ratio Comparison

FUQA.L has a 0.25% expense ratio, which is lower than FEUR.L's 0.30% expense ratio.

Dividends

FUQA.L vs. FEUR.L - Dividend Comparison

Neither FUQA.L nor FEUR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FUQA.L and FEUR.L in my portfolio?

FUQA.L and FEUR.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUQA.L or FEUR.L?

On fees, FUQA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FUQA.L or FEUR.L?

FUQA.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FEUR.L.

What is the main difference between FUQA.L and FEUR.L?

FUQA.L is categorized as Large Cap Blend Equities, while FEUR.L is Europe Equities. FUQA.L tracks Fidelity US Quality Income Index, while FEUR.L tracks MSCI Europe NR EUR. Their fees differ too: 0.25% for FUQA.L and 0.30% for FEUR.L.