FDEV vs. FIVA
Compare and contrast key facts about Fidelity International Multifactor ETF (FDEV) and Fidelity International Value Factor ETF (FIVA).
FDEV and FIVA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FIVA is a passively managed fund by Fidelity that tracks the performance of the Fidelity® International Value Factor Index. It was launched on Jan 16, 2018. Both FDEV and FIVA 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
FDEV vs. FIVA - Performance Comparison
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FDEV vs. FIVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDEV Fidelity International Multifactor ETF | 3.83% | 30.36% | 5.84% | 13.37% | -16.54% | 11.00% | 5.49% | 10.06% |
FIVA Fidelity International Value Factor ETF | 2.60% | 45.83% | 2.53% | 20.38% | -10.37% | 15.90% | -1.78% | 8.78% |
Returns By Period
In the year-to-date period, FDEV achieves a 3.83% return, which is significantly higher than FIVA's 2.60% return.
FDEV
- 1D
- 2.35%
- 1M
- -4.83%
- YTD
- 3.83%
- 6M
- 9.22%
- 1Y
- 25.14%
- 3Y*
- 14.97%
- 5Y*
- 7.95%
- 10Y*
- —
FIVA
- 1D
- 3.02%
- 1M
- -7.75%
- YTD
- 2.60%
- 6M
- 12.75%
- 1Y
- 34.67%
- 3Y*
- 19.41%
- 5Y*
- 11.95%
- 10Y*
- —
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FDEV vs. FIVA - Expense Ratio Comparison
Both FDEV and FIVA have an expense ratio of 0.39%.
Return for Risk
FDEV vs. FIVA — Risk / Return Rank
FDEV
FIVA
FDEV vs. FIVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and Fidelity International Value Factor ETF (FIVA). 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.
| FDEV | FIVA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 2.01 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.69 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.86 | -0.01 |
Martin ratioReturn relative to average drawdown | 11.64 | 11.23 | +0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEV | FIVA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.01 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.75 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.43 | +0.11 |
Correlation
The correlation between FDEV and FIVA is 0.86, 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
FDEV vs. FIVA - Dividend Comparison
FDEV's dividend yield for the trailing twelve months is around 2.83%, more than FIVA's 2.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDEV Fidelity International Multifactor ETF | 2.83% | 2.86% | 2.99% | 2.80% | 2.65% | 2.81% | 1.88% | 2.73% | 0.00% |
FIVA Fidelity International Value Factor ETF | 2.78% | 2.68% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% |
Drawdowns
FDEV vs. FIVA - Drawdown Comparison
The maximum FDEV drawdown since its inception was -30.11%, smaller than the maximum FIVA drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for FDEV and FIVA.
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Drawdown Indicators
| FDEV | FIVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -39.76% | +9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -11.71% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -28.70% | -0.32% |
Current DrawdownCurrent decline from peak | -4.83% | -8.01% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -7.89% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.98% | -0.85% |
Volatility
FDEV vs. FIVA - Volatility Comparison
The current volatility for Fidelity International Multifactor ETF (FDEV) is 6.22%, while Fidelity International Value Factor ETF (FIVA) has a volatility of 7.45%. This indicates that FDEV experiences smaller price fluctuations and is considered to be less risky than FIVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEV | FIVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 7.45% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 11.09% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 17.32% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 16.09% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 17.88% | -2.50% |