Fidelity MSCI Europe Index Fund P-ACC-EUR vs iShares Core MSCI Europe
Fidelity MSCI Europe Index Fund P-ACC-EUR and iShares Core MSCI Europe both track MSCI Europe. Before fees, they should perform almost identically — so the annual fee (TER) is the single biggest factor separating what you'll actually end up with.
Comparison
| Fidelity MSCI Europe Index Fund P-ACC-EUR | iShares Core MSCI Europe | |
|---|---|---|
| TER | 0.10% | 0.12% |
| Hist. return* | ~7% | ~7% |
| ISIN | IE00BYX5MD61 | IE00B4K48X80 |
| Replication | Physical | Physical |
| Distribution | Accumulating | Accumulating |
| Domicile | Irlanda | Irlanda |
The real cost: TER compounded
Contributing €300/month over the same years to both funds, here's the final wealth:
| Horizon | Fidelity MSCI Europe Index Fund P-ACC-EUR | iShares Core MSCI Europe | Difference |
|---|---|---|---|
| 10 years | €51,938 | €51,880 | €58 |
| 20 years | €155,282 | €154,904 | €378 |
| 30 years | €360,914 | €359,492 | €1,423 |
Fidelity MSCI Europe Index Fund P-ACC-EUR ends up with more wealth at all three horizons, purely thanks to its lower fee.
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Create free accountFrequently asked questions
What's the real difference between Fidelity MSCI Europe Index Fund P-ACC-EUR and iShares Core MSCI Europe?+
Both track MSCI Europe, so the expected gross return is the same. The difference is the fee: 0.10% for Fidelity MSCI Europe Index Fund P-ACC-EUR vs 0.12% for iShares Core MSCI Europe.
Which one is cheaper over the long run?+
With €300/month over 20 years, Fidelity MSCI Europe Index Fund P-ACC-EUR would end up with roughly €378 more, purely from the lower fee compounding over time.
Can I have both at the same time?+
Yes, nothing stops you — but since they track the same index, holding both mostly adds complexity (two lines to rebalance) without real diversification.
Does a lower TER always mean it's the better choice?+
Usually yes for two funds tracking the identical index, but also check replication method, distribution policy (accumulating vs distributing) and where you can actually buy it before deciding.
Other comparisons
* Indicative long-term annualized historical return of the benchmark index, not the fund. Always check the up-to-date TER, risk and data in the official factsheet linked. Past returns do not guarantee future returns.