Fidelity International Multifactor ETF (FDEV)

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The chart shows the growth of an initial investment of $10,000 in Fidelity International Multifactor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity International Multifactor ETF (FDEV) has returned 3.83% so far this year and 25.14% over the past 12 months.

Based on dividend-adjusted daily data since Feb 28, 2019, FDEV's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +10.7%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FDEV closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.4%, while the worst single day was Mar 12, 2020 at -9.9%.

Fidelity International Multifactor ETF has an annualized alpha of 0.41%, beta of 0.62, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since March 01, 2019.

• This ETF participated in 75.07% of S&P 500 Index downside but only 63.06% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.62 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FDEV has an expense ratio of 0.39%, placing it in the medium range.

FDEV ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity International Multifactor ETF provided a 2.83% dividend yield over the last twelve months, with an annual payout of $1.01 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity International Multifactor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity International Multifactor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity International Multifactor ETF was 30.11%, occurring on Mar 23, 2020. Recovery took 174 trading sessions.

The current Fidelity International Multifactor ETF drawdown is 4.83%.

The chart below shows the rolling one-month volatility.