FDEV vs. EPIN

Last updated Aug 2, 2026

FDEV (Fidelity International Multifactor ETF) and EPIN (Harbor International Equity ETF) are both Foreign Large Cap Equities funds. FDEV is passively managed, while EPIN is actively managed. Over the past year, FDEV returned 20.08% vs 38.00% for EPIN. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FDEV charges 0.39%/yr vs 0.80%/yr for EPIN.

Performance

FDEV vs. EPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Multifactor ETF (FDEV) and Harbor International Equity ETF (EPIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDEV achieves a 9.25% return, which is significantly lower than EPIN's 23.34% return.

FDEV

• 1D: -0.83%
• 1M: 3.14%
• 6M: 5.15%
• YTD: 9.25%
• 1Y: 20.08%
• 3Y*: 15.75%
• 5Y*: 7.72%
• 10Y*: —
• ALL TIME*: 8.58%

EPIN

• 1D: 0.40%
• 1M: -0.70%
• 6M: 14.34%
• YTD: 23.34%
• 1Y: 38.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPIN Harbor International Equity ETF	$41.81K	$24.58K	$20.32K
FDEV Fidelity International Multifactor ETF	$999.36K	$998.99K	$1.19M

FDEV vs. EPIN - Yearly Performance Comparison

	2026 (YTD)	2025
FDEV Fidelity International Multifactor ETF	9.25%	10.55%
EPIN Harbor International Equity ETF	23.34%	14.36%

Correlation

The correlation between FDEV and EPIN is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.67

The correlation between FDEV and EPIN has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

FDEV vs. EPIN - Sectors Allocation Comparison

Sectors	FDEV	EPIN
Financial Services	23.8%	19.1%
Industrials	15.9%	20.6%
Healthcare	13.4%	8.2%
Energy	9.9%	3.8%
Consumer Defensive	9.8%	3.6%
Utilities	8.2%	-
Communication Services	7.6%	1.0%
Consumer Cyclical	4.5%	7.0%
Basic Materials	3.9%	7.1%
Technology	3.1%	29.6%
Real Estate	-	-

Return for Risk

FDEV vs. EPIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDEV

FDEV Risk / Return Rank: 74
FDEV Sharpe Ratio Rank: 77
FDEV Sortino Ratio Rank: 76
FDEV Omega Ratio Rank: 76
FDEV Calmar Ratio Rank: 72
FDEV Martin Ratio Rank: 68

EPIN

EPIN Risk / Return Rank: 83
EPIN Sharpe Ratio Rank: 83
EPIN Sortino Ratio Rank: 81
EPIN Omega Ratio Rank: 82
EPIN Calmar Ratio Rank: 84
EPIN Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDEV vs. EPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and Harbor International Equity ETF (EPIN). 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.

	FDEV	EPIN	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.95	-0.20
Sortino ratio: Return per unit of downside risk	2.44	2.66	-0.21
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	2.47	3.20	-0.73
Martin ratio: Return relative to average drawdown	8.21	11.52	-3.32

FDEV vs. EPIN - Sharpe Ratio Comparison

The current FDEV Sharpe Ratio is 1.74, which is comparable to the EPIN Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FDEV and EPIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDEV vs. EPIN - Drawdown Comparison

The maximum FDEV drawdown since its inception was -30.11%, which is greater than EPIN's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for FDEV and EPIN.

Drawdown Indicators

	FDEV	EPIN	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-11.64%	-18.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.46%	-11.64%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-9.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	—	—
Current Drawdown Current decline from peak	-0.83%	-2.49%	+1.66%
Average Drawdown Average peak-to-trough decline	-6.21%	-1.93%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.23%	-0.68%

Volatility

FDEV vs. EPIN - Volatility Comparison

The current volatility for Fidelity International Multifactor ETF (FDEV) is 3.55%, while Harbor International Equity ETF (EPIN) has a volatility of 5.55%. This indicates that FDEV experiences smaller price fluctuations and is considered to be less risky than EPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEV	EPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	5.55%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	16.99%	-6.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	19.13%	-7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	18.37%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.25%	18.37%	-3.12%

FDEV vs. EPIN - Expense Ratio Comparison

FDEV has a 0.39% expense ratio, which is lower than EPIN's 0.80% expense ratio.

Dividends

FDEV vs. EPIN - Dividend Comparison

FDEV's dividend yield for the trailing twelve months is around 2.95%, more than EPIN's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EPIN Harbor International Equity ETF	0.64%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDEV Fidelity International Multifactor ETF	2.95%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%

Frequently Asked Questions

Can I hold both FDEV and EPIN in my portfolio?

FDEV and EPIN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDEV or EPIN?

EPIN has higher volatility (5.55%) compared to FDEV (3.55%). In terms of maximum drawdown, FDEV dropped -30.11% vs EPIN's -11.64%.

Which ETF is better, FDEV or EPIN?

On 1-year performance, EPIN leads with 38.00% vs 20.08% for FDEV. On fees, FDEV is cheaper at 0.39% per year. On volatility, FDEV has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDEV or EPIN?

Over the 1-year period, EPIN has performed better with a 38.00% return vs 20.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDEV or EPIN?

FDEV is cheaper with a 0.39% expense ratio, compared with 0.80% for EPIN.

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

FDEV has the higher dividend yield at 2.95%, compared with 0.64% for EPIN.

What is the main difference between FDEV and EPIN?

They also come from different issuers: Fidelity and Harbor. Their fees differ too: 0.39% for FDEV and 0.80% for EPIN.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (1.95 vs 1.74), 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.