Fidelity vs UBS
Both providers track indices, so neither "performs" better than the other — what separates them is cost, range and which markets they actually cover. Fidelity has 10 products in this catalog and UBS has 6, overlapping in 4 categories. Fidelity offers the cheapest fund in 3 of those 4 categories.
Fidelity
- Products
- 10
- Lowest TER
- 0.06%
- Average TER
- 0.61%
- Categories
- 8
UBS
- Products
- 6
- Lowest TER
- 0.10%
- Average TER
- 0.17%
- Categories
- 6
Which one is cheaper, and where
Fidelity offers the cheapest fund in 3 of the 4 categories both cover.
The cheapest fund from each, category by category
Each provider’s lowest-fee product within every shared category, head to head. The index each one tracks is shown too, because two funds in the same category do not always track the same thing.
| Category | Fidelity | UBS | Difference |
|---|---|---|---|
| Europe | Fidelity MSCI Europe Index Fund P-ACC-EURMSCI Europe0.10% | UBS Core MSCI EMUMSCI EMU0.18% | €8/year per €10,000 |
| USA | Fidelity S&P 500 Index Fund P-ACC-EURS&P 5000.06% | UBS MSCI USAMSCI USA0.10% | €4/year per €10,000 |
| Global | Fidelity MSCI World Index Fund P-ACC-EURMSCI World0.12% | UBS MSCI WorldMSCI World0.14% | €2/year per €10,000 |
| Emerging | Fidelity MSCI Emerging Markets Index Fund P-ACC-EURMSCI Emerging Markets0.19% | UBS MSCI Emerging MarketsMSCI Emerging Markets0.19% | Same cost |
What each one covers
Only at Fidelity
Only at UBS
Structural differences
Fidelity
- Accumulating
- 80%
- Physical replication
- 100%
- Are ETFs
- 20%
- Domicile
- Ireland, Luxembourg
UBS
- Accumulating
- 67%
- Physical replication
- 100%
- Are ETFs
- 83%
- Domicile
- Luxembourg, Switzerland
Other provider comparisons
Frequently asked questions
Is Fidelity or UBS cheaper?+
Fidelity offers the cheapest fund in 3 of the 4 categories both cover, against 0 for UBS. But "cheaper overall" is the wrong question: what matters is which is cheaper in the category you are actually buying.
Where is the difference between Fidelity and UBS biggest?+
In European equities: Fidelity MSCI Europe Index Fund P-ACC-EUR charges 0.10% against 0.18% for UBS Core MSCI EMU. On €10,000 invested that is a €8.00 difference every year, in favour of Fidelity.
Which one has the wider range?+
Fidelity, with 10 products against 6. Coverage is not identical either: Fidelity covers the Japanese market, high-dividend companies, sustainable (ESG) criteria, the technology sector where UBS does not; UBS covers fixed income, gold where Fidelity does not.
Are there structural differences beyond fees?+
Yes. Fidelity's products in this catalog are 80% accumulating and 100% physically replicated, domiciled in Ireland, Luxembourg. UBS's are 67% accumulating and 100% physical, domiciled in Luxembourg, Switzerland. For a Spanish investor the accumulating/distributing split matters for tax, and domicile matters for dividend withholding.
Does this comparison look at past performance?+
No, deliberately. Two funds tracking the same index deliver almost identical returns before fees, so comparing their past returns tells you about the index, not about the provider. The fee is the part the provider actually controls, and the only one you know for certain the day you invest.
Cost and coverage comparison computed over this site’s catalog, which is a sample and not each provider’s full product range. Returns are not compared: two funds tracking the same index perform almost identically before fees, so past performance tells you about the index, not the provider. Educational content, not a recommendation.