| FEZ | |
|---|---|
| Total return | +178.5% |
| Annualised (CAGR) | +10.8% |
| Volatility (annualised) | +19.1% |
| Sharpe (rf = 0) | 0.56 |
| Deepest drawdown | -39.7% |
| Drawdown peak → trough | 2018-01-26 → 2020-03-18 |
| Dividend yield (12m distributions) | 2.68% (as of 2026-09-29) |
| Rebalancing (from its prospectus) | Annual |
Rebalancing: per the fund's prospectus summary, its index is rebalanced annually. That schedule is set by the index provider, not by a view on where the market is going — and it says nothing about how often you should rebalance a portfolio; that side is covered in how often index funds rebalance.
Over the 10.0 years to 2026-09-29 the fund returned +178.5% in total (+10.8% a year), with a deepest drawdown of -39.7% from 2018-01-26 to 2020-03-18. Its worst calendar year was 2018 (-15.8%), its best 2025 (+37.8%).
| Year | FEZ |
|---|---|
| 2026 | +8.0% |
| 2025 | +37.8% |
| 2024 | +3.6% |
| 2023 | +27.2% |
| 2022 | -14.3% |
| 2021 | +14.8% |
| 2020 | +4.8% |
| 2019 | +26.0% |
| 2018 | -15.8% |
| 2017 | +24.8% |
| 2016 | +4.1% |
+178.5% in total, which works out to +10.8% a year over the 10 years to 2026-09-29. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.
2018 — its calendar-year return was -15.8% (net of fees, dividends reinvested). Its best year was 2025 (+37.8%).
-39.7%, from a peak on 2018-01-26 to a trough on 2020-03-18. From that trough it took 254 days (about 8.3 months) to climb back to the earlier peak.
Over the last 12 months it distributed 2.68% of its share price (as of 2026-09-29). That is a past distribution, not a promise of future income, and it is already counted in every return figure on this page.
It does not say FEZ is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -39.7% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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