VEUAX vs. FIEUX
VEUAX (JPMorgan Europe Dynamic Fund) and FIEUX (Fidelity Europe Fund) are both Europe Equities funds. Over the past 10 years, VEUAX returned 9.66%/yr vs 8.50%/yr for FIEUX. Their correlation of 0.89 means they have usually moved in the same direction. VEUAX charges 1.25%/yr vs 0.77%/yr for FIEUX.
Performance
VEUAX vs. FIEUX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with VEUAX having a 8.24% return and FIEUX slightly lower at 7.85%. Over the past 10 years, VEUAX has outperformed FIEUX with an annualized return of 9.66%, while FIEUX has yielded a comparatively lower 8.50% annualized return.
VEUAX
- 1D
- -0.41%
- 1M
- -0.14%
- 6M
- 2.41%
- YTD
- 8.24%
- 1Y
- 21.88%
- 3Y*
- 18.51%
- 5Y*
- 9.92%
- 10Y*
- 9.66%
- ALL TIME*
- 8.84%
FIEUX
- 1D
- -0.22%
- 1M
- -0.38%
- 6M
- 2.53%
- YTD
- 7.85%
- 1Y
- 18.88%
- 3Y*
- 16.77%
- 5Y*
- 5.83%
- 10Y*
- 8.50%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FIEUX Fidelity Europe Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
VEUAX vs. FIEUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUAX JPMorgan Europe Dynamic Fund | 8.24% | 41.51% | 3.48% | 18.19% | -15.39% | 17.68% | 8.45% | 21.51% | -18.69% | 22.26% |
FIEUX Fidelity Europe Fund | 7.85% | 37.53% | 4.21% | 13.68% | -20.62% | 6.63% | 18.29% | 24.43% | -17.22% | 29.16% |
Correlation
The correlation between VEUAX and FIEUX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 1995 | 0.89 |
The correlation between VEUAX and FIEUX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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
VEUAX vs. FIEUX — Risk / Return Rank
VEUAX
FIEUX
VEUAX vs. FIEUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Dynamic Fund (VEUAX) and Fidelity Europe Fund (FIEUX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEUAX | FIEUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.47 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.25 | 5.40 | +0.84 |
Loading charts...
Drawdowns
VEUAX vs. FIEUX - Drawdown Comparison
The maximum VEUAX drawdown since its inception was -63.73%, which is greater than FIEUX's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for VEUAX and FIEUX.
Loading charts...
Drawdown Indicators
| VEUAX | FIEUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -59.96% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -12.38% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.89% | -13.13% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -30.94% | -38.04% | +7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -38.04% | -6.60% |
Current DrawdownCurrent decline from peak | -0.86% | -1.06% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -13.98% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.35% | +0.09% |
Volatility
VEUAX vs. FIEUX - Volatility Comparison
JPMorgan Europe Dynamic Fund (VEUAX) has a higher volatility of 4.69% compared to Fidelity Europe Fund (FIEUX) at 4.40%. This indicates that VEUAX's price experiences larger fluctuations and is considered to be riskier than FIEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEUAX | FIEUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.40% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 15.30% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 17.53% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 17.51% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 17.45% | +0.89% |
VEUAX vs. FIEUX - Expense Ratio Comparison
VEUAX has a 1.25% expense ratio, which is higher than FIEUX's 0.77% expense ratio.
Dividends
VEUAX vs. FIEUX - Dividend Comparison
VEUAX's dividend yield for the trailing twelve months is around 3.18%, more than FIEUX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIEUX Fidelity Europe Fund | 2.07% | 2.23% | 3.28% | 1.62% | 0.00% | 16.10% | 1.15% | 7.42% | 11.93% | 2.52% | 1.51% | 0.43% |
VEUAX JPMorgan Europe Dynamic Fund | 3.18% | 3.45% | 3.81% | 3.02% | 0.77% | 2.03% | 1.01% | 2.82% | 2.60% | 1.38% | 1.93% | 1.25% |
Frequently Asked Questions
With a correlation of 0.95, VEUAX and FIEUX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VEUAX has higher volatility (4.69%) compared to FIEUX (4.40%). In terms of maximum drawdown, VEUAX dropped -63.73% vs FIEUX's -59.96%.
VEUAX currently has the higher Sharpe Ratio (1.32 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VEUAX and FIEUX
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