BTMKX vs. FIDI
BTMKX (iShares MSCI EAFE International Index Fund) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - BTMKX tracks the MSCI EAFE Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, BTMKX returned 9.52%/yr vs 10.83%/yr for FIDI. Their correlation of 0.87 suggests significant overlap in exposure. BTMKX charges 0.05%/yr vs 0.39%/yr for FIDI.
Performance
BTMKX vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, BTMKX achieves a 10.68% return, which is significantly higher than FIDI's 8.18% return.
BTMKX
- 1D
- 0.80%
- 1M
- 2.00%
- YTD
- 10.68%
- 6M
- 11.08%
- 1Y
- 25.47%
- 3Y*
- 16.39%
- 5Y*
- 9.52%
- 10Y*
- 9.67%
FIDI
- 1D
- 0.16%
- 1M
- -1.99%
- YTD
- 8.18%
- 6M
- 8.55%
- 1Y
- 26.10%
- 3Y*
- 19.00%
- 5Y*
- 10.83%
- 10Y*
- —
BTMKX vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 10.68% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -17.68% |
FIDI Fidelity International High Dividend ETF | 8.18% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between BTMKX and FIDI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.87 |
The correlation between BTMKX and FIDI has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
BTMKX vs. FIDI — Risk / Return Rank
BTMKX
FIDI
BTMKX vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (BTMKX) and Fidelity International High Dividend ETF (FIDI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BTMKX | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.77 | -1.60 |
| Martin ratioReturn relative to average drawdown | 8.11 | 13.21 | -5.10 |
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Drawdowns
BTMKX vs. FIDI - Drawdown Comparison
The maximum BTMKX drawdown since its inception was -33.92%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for BTMKX and FIDI.
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Drawdown Indicators
| BTMKX | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.92% | -46.34% | +12.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -6.96% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.66% | -12.09% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -26.05% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.91% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -9.74% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.98% | +1.04% |
Volatility
BTMKX vs. FIDI - Volatility Comparison
iShares MSCI EAFE International Index Fund (BTMKX) has a higher volatility of 4.99% compared to Fidelity International High Dividend ETF (FIDI) at 3.22%. This indicates that BTMKX's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTMKX | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 3.22% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.30% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 11.78% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 14.86% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 18.70% | -2.03% |
BTMKX vs. FIDI - Expense Ratio Comparison
BTMKX has a 0.05% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
BTMKX vs. FIDI - Dividend Comparison
BTMKX's dividend yield for the trailing twelve months is around 3.38%, less than FIDI's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.38% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
FIDI Fidelity International High Dividend ETF | 4.16% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTMKX and FIDI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTMKX has higher volatility (4.99%) compared to FIDI (3.22%). In terms of maximum drawdown, BTMKX dropped -33.92% vs FIDI's -46.34%.
FIDI currently has the higher Sharpe Ratio (2.23 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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