- ISIN
- US3160925356
- CUSIP
- 316092535
- Issuer
- Fidelity
- Inception Date
- Feb 26, 2019
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity Targeted International Factor Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $269M
Share Price Chart
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Performance
FDEV Performance Chart
Fidelity International Multifactor ETF (FDEV) is up 5.8% since the beginning of the year. FDEV is currently trading at $36 per share. Investors who bought $1,000 worth of FDEV shares 5 years ago would now be looking at an investment worth $1,431.
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Returns By Period
Fidelity International Multifactor ETF (FDEV) has returned 5.84% so far this year and 15.63% over the past 12 months.
Fidelity International Multifactor ETF
- 1D
- 0.30%
- 1M
- 0.64%
- YTD
- 5.84%
- 6M
- 6.66%
- 1Y
- 15.63%
- 3Y*
- 14.48%
- 5Y*
- 7.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FDEV Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2019, FDEV's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 63% of months were positive and 37% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.90% | 5.01% | -4.83% | 2.94% | -1.52% | 0.55% | 5.84% | ||||||
| 2025 | 3.44% | 1.98% | 2.53% | 4.90% | 3.89% | 2.68% | -2.64% | 3.63% | 1.48% | -0.66% | 3.25% | 2.56% | 30.36% |
| 2024 | 0.44% | 1.03% | 2.59% | -2.62% | 4.25% | -1.76% | 4.38% | 4.16% | 0.73% | -4.67% | 1.21% | -3.53% | 5.84% |
| 2023 | 6.49% | -3.18% | 3.63% | 3.50% | -4.59% | 3.48% | 1.91% | -2.73% | -3.19% | -2.81% | 7.03% | 4.02% | 13.37% |
| 2022 | -5.26% | -2.10% | -0.06% | -5.79% | 0.43% | -7.73% | 5.10% | -5.53% | -9.29% | 4.68% | 10.72% | -1.18% | -16.54% |
| 2021 | -1.40% | -0.28% | 3.21% | 2.56% | 2.96% | -0.50% | 2.38% | 1.49% | -4.38% | 3.34% | -3.17% | 4.71% | 11.00% |
Benchmark Metrics
Fidelity International Multifactor ETF has an annualized alpha of -0.46%, beta of 0.62, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since February 28, 2019.
- This ETF participated in 73.67% of S&P 500 Index downside but only 58.70% 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.
- Alpha
- -0.46%
- Beta
- 0.62
- R²
- 0.63
- Upside Capture
- 58.70%
- Downside Capture
- 73.67%
Expense Ratio
FDEV has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDEV ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and compare them to S&P 500 Index.
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.
| FDEV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.71 | -0.85 |
| Martin ratioReturn relative to average drawdown | 6.63 | 12.15 | -5.52 |
Dividends
Dividend History
Fidelity International Multifactor ETF provided a 2.78% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.01 | $0.99 | $0.82 | $0.75 | $0.64 | $0.84 | $0.52 | $0.73 |
Dividend yield | 2.78% | 2.86% | 2.99% | 2.80% | 2.65% | 2.81% | 1.88% | 2.73% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.25 | ||||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.99 |
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.14 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.75 |
| 2022 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.06 | $0.64 |
| 2021 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.29 | $0.84 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 2.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.11%Mar 2020 | 2mo 2d | 8mo 9d | 10mo 11dJan 2020 - Nov 2020 |
Bear market2022 | -29.02%Sep 2022 | 1y 20d | 1y 9mo | 2y 10moSep 2021 - Jul 2024 |
2025 selloff2025 | -9.82%Apr 2025 | 18d | 15d | 1mo 3dMar 2025 - Apr 2025 |
2025 pullback2025 | -8.82%Jan 2025 | 3mo 18d | 1mo 21d | 5mo 9dSep 2024 - Mar 2025 |
2026 pullback2026 | -8.46%Mar 2026 | 18d | — | 3mo 17dMar 2026 - now |
Drawdown Indicators
| FDEV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -56.78% | +26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -9.10% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -18.90% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -25.43% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.99% | -1.29% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -10.72% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.02% | +0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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