FUSS.L vs. FPXS.L

Last updated Jun 4, 2026

FUSS.L (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) and FPXS.L (Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc) are both exchange-traded funds - FUSS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FPXS.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, FUSS.L returned 14.87%/yr vs 5.69%/yr for FPXS.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FUSS.L vs. FPXS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) and Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUSS.L achieves a 9.95% return, which is significantly higher than FPXS.L's 7.73% return.

FUSS.L

• 1D: -0.23%
• 1M: 4.95%
• YTD: 9.95%
• 6M: 9.69%
• 1Y: 29.83%
• 3Y*: 19.82%
• 5Y*: 14.87%
• 10Y*: —

FPXS.L

• 1D: -0.45%
• 1M: 1.44%
• YTD: 7.73%
• 6M: 8.94%
• 1Y: 17.10%
• 3Y*: 9.73%
• 5Y*: 5.69%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc	9.95%	9.84%	28.34%	22.30%	-11.83%	28.45%	-0.70%
FPXS.L Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc	7.73%	11.73%	5.79%	0.21%	5.01%	6.21%	0.87%

Correlation

The correlation between FUSS.L and FPXS.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.58

The correlation between FUSS.L and FPXS.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Return for Risk

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

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

FUSS.L

FUSS.L Risk / Return Rank: 75
FUSS.L Sharpe Ratio Rank: 80
FUSS.L Sortino Ratio Rank: 78
FUSS.L Omega Ratio Rank: 77
FUSS.L Calmar Ratio Rank: 73
FUSS.L Martin Ratio Rank: 69

FPXS.L

FPXS.L Risk / Return Rank: 41
FPXS.L Sharpe Ratio Rank: 41
FPXS.L Sortino Ratio Rank: 42
FPXS.L Omega Ratio Rank: 40
FPXS.L Calmar Ratio Rank: 43
FPXS.L Martin Ratio Rank: 39

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) and Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.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.

	FUSS.L	FPXS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.43	+1.16
Sortino ratio: Return per unit of downside risk	3.48	2.09	+1.39
Omega ratio: Gain probability vs. loss probability	1.46	1.26	+0.20
Calmar ratio: Return relative to maximum drawdown	3.60	2.10	+1.50
Martin ratio: Return relative to average drawdown	12.81	6.05	+6.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FUSS.L Sharpe Ratio is 2.58, which is higher than the FPXS.L Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FUSS.L and FPXS.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

	FUSS.L	FPXS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	1.43	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.40	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.49	+0.57

Drawdowns

FUSS.L vs. FPXS.L - Drawdown Comparison

The maximum FUSS.L drawdown since its inception was -22.18%, which is greater than FPXS.L's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for FUSS.L and FPXS.L.

Drawdown Indicators

	FUSS.L	FPXS.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.18%	-18.15%	-4.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-8.11%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-18.15%	-4.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.18%	-18.15%	-4.03%
Current Drawdown Current decline from peak	-0.23%	-2.60%	+2.37%
Average Drawdown Average peak-to-trough decline	-3.62%	-5.10%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.82%	-0.50%

Volatility

FUSS.L vs. FPXS.L - Volatility Comparison

The current volatility for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) is 2.62%, while Fidelity Sustainable Research Enhanced Pacific ex-Japan Equity UCITS ETF Acc (FPXS.L) has a volatility of 3.71%. This indicates that FUSS.L experiences smaller price fluctuations and is considered to be less risky than FPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUSS.L	FPXS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	3.71%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	9.31%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	11.93%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	14.18%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	14.04%	+1.14%

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

Both FUSS.L and FPXS.L have an expense ratio of 0.30%.

Dividends

FUSS.L vs. FPXS.L - Dividend Comparison

Neither FUSS.L nor FPXS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

FUSS.L and FPXS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FUSS.L and FPXS.L have the same expense ratio: 0.30% per year.

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

FUSS.L is categorized as Large Cap Blend Equities, while FPXS.L is Asia Pacific Equities. FUSS.L tracks Russell 1000 TR USD, while FPXS.L tracks MSCI Pacific Ex Japan NR USD.