DMDV vs. FDEV

Last updated Jun 4, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and FDEV (Fidelity International Multifactor ETF) are both Foreign Large Cap Equities funds - DMDV tracks the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield while FDEV tracks the Fidelity Targeted International Factor Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

DMDV vs. FDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Developed Markets High Dividend Value ETF (DMDV) and Fidelity International Multifactor ETF (FDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDEV

• 1D: -0.50%
• 1M: -1.71%
• YTD: 3.89%
• 6M: 6.83%
• 1Y: 15.07%
• 3Y*: 14.70%
• 5Y*: 7.01%
• 10Y*: —

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

DMDV vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	18.96%
FDEV Fidelity International Multifactor ETF	3.89%	30.36%	5.84%	13.37%	-16.54%	11.00%	5.49%	10.06%

Correlation

The correlation between DMDV and FDEV is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 1, 2019	0.72

The correlation between DMDV and FDEV shifts across timeframes, from 0.52 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

DMDV vs. FDEV - Sectors Allocation Comparison

Sectors	DMDV	FDEV
Industrials	12.5%	15.9%
Real Estate	10.0%	-
Consumer Defensive	9.4%	9.5%
Utilities	9.2%	8.1%
Communication Services	9.1%	7.2%
Financial Services	9.0%	21.9%
Basic Materials	9.0%	4.1%
Healthcare	8.9%	13.3%
Consumer Cyclical	8.7%	4.5%
Technology	7.6%	3.7%
Energy	6.6%	10.8%

Return for Risk

DMDV vs. FDEV — Risk / Return Rank

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

FDEV

FDEV Risk / Return Rank: 36
FDEV Sharpe Ratio Rank: 35
FDEV Sortino Ratio Rank: 34
FDEV Omega Ratio Rank: 35
FDEV Calmar Ratio Rank: 36
FDEV Martin Ratio Rank: 42

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.

DMDV vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Developed Markets High Dividend Value ETF (DMDV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DMDV	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.52	—

Drawdowns

Drawdown Indicators

	DMDV	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Current Drawdown Current decline from peak	—	-4.78%	—
Average Drawdown Average peak-to-trough decline	—	-6.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.23%	—

Volatility

Volatility by Period

	DMDV	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.90%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.33%	—

DMDV vs. FDEV - Expense Ratio Comparison

Both DMDV and FDEV have an expense ratio of 0.39%.

Dividends

DMDV vs. FDEV - Dividend Comparison

DMDV has not paid dividends to shareholders, while FDEV's dividend yield for the trailing twelve months is around 2.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%	0.00%

Frequently Asked Questions

Can I hold both DMDV and FDEV in my portfolio?

DMDV and FDEV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMDV or FDEV?

Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or FDEV?

DMDV and FDEV have the same expense ratio: 0.39% per year.

Which ETF pays a higher dividend yield, DMDV or FDEV?

FDEV has the higher dividend yield at 2.83%, compared with 0.00% for DMDV.

What is the main difference between DMDV and FDEV?

DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while FDEV tracks Fidelity Targeted International Factor Index. They also come from different issuers: Advisors Asset Management and Fidelity.