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FDEV vs. IDEV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDEV and IDEV is 0.73, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

FDEV vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Multifactor ETF (FDEV) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

25.00%30.00%35.00%40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
43.56%
57.09%
FDEV
IDEV

Key characteristics

Sharpe Ratio

FDEV:

1.15

IDEV:

0.74

Sortino Ratio

FDEV:

1.73

IDEV:

1.14

Omega Ratio

FDEV:

1.23

IDEV:

1.15

Calmar Ratio

FDEV:

1.70

IDEV:

0.95

Martin Ratio

FDEV:

4.60

IDEV:

3.00

Ulcer Index

FDEV:

3.63%

IDEV:

4.23%

Daily Std Dev

FDEV:

14.59%

IDEV:

17.21%

Max Drawdown

FDEV:

-30.11%

IDEV:

-34.77%

Current Drawdown

FDEV:

0.00%

IDEV:

-0.84%

Returns By Period

In the year-to-date period, FDEV achieves a 11.25% return, which is significantly higher than IDEV's 9.76% return.


FDEV

YTD

11.25%

1M

1.68%

6M

6.80%

1Y

15.88%

5Y*

9.28%

10Y*

N/A

IDEV

YTD

9.76%

1M

-0.17%

6M

5.48%

1Y

11.86%

5Y*

12.13%

10Y*

N/A

*Annualized

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FDEV vs. IDEV - Expense Ratio Comparison

FDEV has a 0.39% expense ratio, which is higher than IDEV's 0.05% expense ratio.


Expense ratio chart for FDEV: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDEV: 0.39%
Expense ratio chart for IDEV: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IDEV: 0.05%

Risk-Adjusted Performance

FDEV vs. IDEV — Risk-Adjusted Performance Rank

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

FDEV
The Risk-Adjusted Performance Rank of FDEV is 8686
Overall Rank
The Sharpe Ratio Rank of FDEV is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of FDEV is 8585
Sortino Ratio Rank
The Omega Ratio Rank of FDEV is 8585
Omega Ratio Rank
The Calmar Ratio Rank of FDEV is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FDEV is 8383
Martin Ratio Rank

IDEV
The Risk-Adjusted Performance Rank of IDEV is 7474
Overall Rank
The Sharpe Ratio Rank of IDEV is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of IDEV is 7373
Sortino Ratio Rank
The Omega Ratio Rank of IDEV is 7272
Omega Ratio Rank
The Calmar Ratio Rank of IDEV is 8282
Calmar Ratio Rank
The Martin Ratio Rank of IDEV is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDEV vs. IDEV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.


The chart of Sharpe ratio for FDEV, currently valued at 1.15, compared to the broader market-1.000.001.002.003.004.00
FDEV: 1.15
IDEV: 0.74
The chart of Sortino ratio for FDEV, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.00
FDEV: 1.73
IDEV: 1.14
The chart of Omega ratio for FDEV, currently valued at 1.23, compared to the broader market0.501.001.502.002.50
FDEV: 1.23
IDEV: 1.15
The chart of Calmar ratio for FDEV, currently valued at 1.70, compared to the broader market0.002.004.006.008.0010.0012.00
FDEV: 1.70
IDEV: 0.95
The chart of Martin ratio for FDEV, currently valued at 4.60, compared to the broader market0.0020.0040.0060.00
FDEV: 4.60
IDEV: 3.00

The current FDEV Sharpe Ratio is 1.15, which is higher than the IDEV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of FDEV and IDEV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.15
0.74
FDEV
IDEV

Dividends

FDEV vs. IDEV - Dividend Comparison

FDEV's dividend yield for the trailing twelve months is around 2.77%, less than IDEV's 3.01% yield.


TTM20242023202220212020201920182017
FDEV
Fidelity International Multifactor ETF
2.77%2.99%2.80%2.65%2.81%1.88%2.73%0.00%0.00%
IDEV
iShares Core MSCI International Developed Markets ETF
3.01%3.30%3.06%2.69%3.05%2.00%3.19%3.16%1.54%

Drawdowns

FDEV vs. IDEV - Drawdown Comparison

The maximum FDEV drawdown since its inception was -30.11%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for FDEV and IDEV. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril0
-0.84%
FDEV
IDEV

Volatility

FDEV vs. IDEV - Volatility Comparison

The current volatility for Fidelity International Multifactor ETF (FDEV) is 9.80%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 11.54%. This indicates that FDEV experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
9.80%
11.54%
FDEV
IDEV