EFV vs. FIDI
EFV (iShares MSCI EAFE Value ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - EFV tracks the MSCI EAFE Value Index (Net) while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, EFV returned 14.34%/yr vs 12.48%/yr for FIDI. Their correlation of 0.92 means they have usually moved in the same direction. EFV charges 0.31%/yr vs 0.39%/yr for FIDI.
Performance
EFV vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, EFV achieves a 16.57% return, which is significantly higher than FIDI's 15.39% return.
EFV
- 1D
- 0.26%
- 1M
- 4.16%
- 6M
- 9.61%
- YTD
- 16.57%
- 1Y
- 34.58%
- 3Y*
- 23.11%
- 5Y*
- 14.34%
- 10Y*
- 10.51%
- ALL TIME*
- 6.15%
FIDI
- 1D
- -0.17%
- 1M
- 5.79%
- 6M
- 9.31%
- YTD
- 15.39%
- 1Y
- 31.09%
- 3Y*
- 20.22%
- 5Y*
- 12.48%
- 10Y*
- —
- ALL TIME*
- 6.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $246.44M | $344.02M | $395.70M | |
| $1.67M | $1.97M | $1.82M |
EFV vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 16.57% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -19.35% |
FIDI Fidelity International High Dividend ETF | 15.39% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between EFV and FIDI is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.92 |
The correlation between EFV and FIDI has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
EFV vs. FIDI — Risk / Return Rank
EFV
FIDI
EFV vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) 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.
| EFV | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 4.49 | -1.30 |
| Martin ratioReturn relative to average drawdown | 11.90 | 15.56 | -3.66 |
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Drawdowns
EFV vs. FIDI - Drawdown Comparison
The maximum EFV drawdown since its inception was -63.94%, which is greater than FIDI's maximum drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for EFV and FIDI.
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Drawdown Indicators
| EFV | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.94% | -46.34% | -17.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -6.96% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -12.09% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.84% | -26.05% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.09% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -9.63% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.00% | +0.91% |
Volatility
EFV vs. FIDI - Volatility Comparison
iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 3.85% compared to Fidelity International High Dividend ETF (FIDI) at 2.78%. This indicates that EFV'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
| EFV | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 2.78% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 9.27% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 11.62% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 14.81% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 18.61% | -1.15% |
EFV vs. FIDI - Expense Ratio Comparison
EFV has a 0.31% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
EFV vs. FIDI - Dividend Comparison
EFV's dividend yield for the trailing twelve months is around 4.51%, more than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 4.51% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
FIDI Fidelity International High Dividend ETF | 3.90% | 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
With a correlation of 0.91, EFV and FIDI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EFV has higher volatility (3.85%) compared to FIDI (2.78%). In terms of maximum drawdown, EFV dropped -63.94% vs FIDI's -46.34%.
On 5-year performance, EFV leads with 14.34% vs 12.48% for FIDI. On fees, EFV is cheaper at 0.31% per year. On volatility, FIDI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EFV has performed better with a 14.34% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFV is cheaper with a 0.31% expense ratio, compared with 0.39% for FIDI.
EFV has the higher dividend yield at 4.51%, compared with 3.90% for FIDI.
EFV tracks MSCI EAFE Value Index (Net), while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.31% for EFV and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.69 vs 2.42), 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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