CEFA vs. FDEV

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Fidelity International Multifactor ETF (FDEV).

CEFA and FDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFA is a passively managed fund by Global X that tracks the performance of the S&P Developed ex-U.S. Catholic Values Index. It was launched on Jun 22, 2020. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019. Both CEFA and FDEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CEFA vs. FDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Fidelity International Multifactor ETF (FDEV). The values are adjusted to include any dividend payments, if applicable.

CEFA vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	-0.12%	26.46%	5.03%	17.40%	-16.66%	7.97%	21.61%
FDEV Fidelity International Multifactor ETF	3.83%	30.36%	5.84%	13.37%	-16.54%	11.00%	15.60%

Returns By Period

In the year-to-date period, CEFA achieves a -0.12% return, which is significantly lower than FDEV's 3.83% return.

CEFA

• 1D: 2.90%
• 1M: -8.17%
• YTD: -0.12%
• 6M: 4.32%
• 1Y: 13.21%
• 3Y*: 12.89%
• 5Y*: 6.42%
• 10Y*: —

FDEV

• 1D: 2.35%
• 1M: -4.83%
• YTD: 3.83%
• 6M: 9.22%
• 1Y: 25.14%
• 3Y*: 14.97%
• 5Y*: 7.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEFA vs. FDEV - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is lower than FDEV's 0.39% expense ratio.

FDEV

Fidelity International Multifactor ETF

CEFA

Global X S&P Catholic Values Developed ex-U.S. ETF

Return for Risk

CEFA vs. FDEV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEFA

CEFA Risk / Return Rank: 44
CEFA Sharpe Ratio Rank: 40
CEFA Sortino Ratio Rank: 38
CEFA Omega Ratio Rank: 40
CEFA Calmar Ratio Rank: 48
CEFA Martin Ratio Rank: 54

FDEV

FDEV Risk / Return Rank: 89
FDEV Sharpe Ratio Rank: 86
FDEV Sortino Ratio Rank: 89
FDEV Omega Ratio Rank: 88
FDEV Calmar Ratio Rank: 89
FDEV Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEFA vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Fidelity International Multifactor ETF (FDEV). 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.

	CEFA	FDEV	Difference
Sharpe ratio Return per unit of total volatility	0.72	1.73	-1.00
Sortino ratio Return per unit of downside risk	1.07	2.41	-1.33
Omega ratio Gain probability vs. loss probability	1.16	1.35	-0.20
Calmar ratio Return relative to maximum drawdown	1.22	2.85	-1.64
Martin ratio Return relative to average drawdown	5.21	11.64	-6.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEFA vs. FDEV - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 0.72, which is lower than the FDEV Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CEFA and FDEV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEFA	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.73	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.58	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.53	+0.04

Correlation

The correlation between CEFA and FDEV is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CEFA vs. FDEV - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.86%, more than FDEV's 2.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.86%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%	0.00%
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%

Drawdowns

CEFA vs. FDEV - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, which is greater than FDEV's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for CEFA and FDEV.

Drawdown Indicators

	CEFA	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-30.11%	-1.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-8.67%	-2.87%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-29.02%	-2.95%
Current Drawdown Current decline from peak	-8.72%	-4.83%	-3.89%
Average Drawdown Average peak-to-trough decline	-7.17%	-6.38%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	2.13%	+1.48%

Volatility

CEFA vs. FDEV - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 7.91% compared to Fidelity International Multifactor ETF (FDEV) at 6.22%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than FDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEFA	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.91%	6.22%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	9.15%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.99%	14.62%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	13.85%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	15.38%	+1.76%