FDEV vs. IDVO

Last updated Jun 3, 2026

FDEV (Fidelity International Multifactor ETF) and IDVO (Amplify International Enhanced Dividend Income ETF) are both Foreign Large Cap Equities funds. FDEV is passively managed, while IDVO is actively managed. Over the past 3 years, FDEV returned 14.89%/yr vs 24.34%/yr for IDVO. A 0.78 correlation means they provide meaningful diversification when combined. FDEV charges 0.39%/yr vs 0.65%/yr for IDVO.

Performance

FDEV vs. IDVO - Performance Comparison

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

Returns By Period

In the year-to-date period, FDEV achieves a 4.41% return, which is significantly lower than IDVO's 15.56% return.

FDEV

• 1D: 0.22%
• 1M: -2.26%
• YTD: 4.41%
• 6M: 7.53%
• 1Y: 13.97%
• 3Y*: 14.89%
• 5Y*: 7.33%
• 10Y*: —

IDVO

• 1D: 1.41%
• 1M: 2.69%
• YTD: 15.56%
• 6M: 16.39%
• 1Y: 36.75%
• 3Y*: 24.34%
• 5Y*: —
• 10Y*: —

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

FDEV vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDEV Fidelity International Multifactor ETF	4.41%	30.36%	5.84%	13.37%	5.41%
IDVO Amplify International Enhanced Dividend Income ETF	15.56%	36.46%	10.16%	17.53%	5.47%

Correlation

The correlation between FDEV and IDVO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.78

The correlation between FDEV and IDVO has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

FDEV vs. IDVO - Sectors Allocation Comparison

Sectors	FDEV	IDVO
Financial Services	21.9%	18.3%
Industrials	15.9%	9.8%
Healthcare	13.3%	8.3%
Energy	10.8%	12.1%
Consumer Defensive	9.5%	7.5%
Utilities	8.1%	6.4%
Communication Services	7.2%	9.1%
Consumer Cyclical	4.5%	4.2%
Basic Materials	4.1%	15.7%
Technology	3.7%	8.7%
Real Estate	-	-

Return for Risk

FDEV vs. IDVO — Risk / Return Rank

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

FDEV

FDEV Risk / Return Rank: 35
FDEV Sharpe Ratio Rank: 33
FDEV Sortino Ratio Rank: 31
FDEV Omega Ratio Rank: 32
FDEV Calmar Ratio Rank: 37
FDEV Martin Ratio Rank: 43

IDVO

IDVO Risk / Return Rank: 71
IDVO Sharpe Ratio Rank: 72
IDVO Sortino Ratio Rank: 69
IDVO Omega Ratio Rank: 71
IDVO Calmar Ratio Rank: 72
IDVO Martin Ratio Rank: 74

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.

FDEV vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and Amplify International Enhanced Dividend Income ETF (IDVO). 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	IDVO	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.37	-1.19
Sortino ratio Return per unit of downside risk	1.68	3.18	-1.50
Omega ratio Gain probability vs. loss probability	1.22	1.43	-0.22
Calmar ratio Return relative to maximum drawdown	1.83	3.65	-1.82
Martin ratio Return relative to average drawdown	6.99	14.17	-7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDEV vs. IDVO - Sharpe Ratio Comparison

The current FDEV Sharpe Ratio is 1.18, which is lower than the IDVO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FDEV and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDEV	IDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.37	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.40	-0.88

Drawdowns

FDEV vs. IDVO - Drawdown Comparison

The maximum FDEV drawdown since its inception was -30.11%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for FDEV and IDVO.

Drawdown Indicators

	FDEV	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-15.46%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.46%	-10.37%	+1.91%
Max Drawdown (3Y) Largest decline over 3 years	-10.47%	-15.46%	+4.99%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	—	—
Current Drawdown Current decline from peak	-4.30%	-0.01%	-4.29%
Average Drawdown Average peak-to-trough decline	-6.29%	-2.30%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.67%	-0.46%

Volatility

FDEV vs. IDVO - Volatility Comparison

The current volatility for Fidelity International Multifactor ETF (FDEV) is 3.72%, while Amplify International Enhanced Dividend Income ETF (IDVO) has a volatility of 5.07%. This indicates that FDEV experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEV	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	5.07%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	12.98%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	15.57%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	16.36%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	16.36%	-1.03%

FDEV vs. IDVO - Expense Ratio Comparison

FDEV has a 0.39% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

FDEV vs. IDVO - Dividend Comparison

FDEV's dividend yield for the trailing twelve months is around 2.81%, less than IDVO's 5.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FDEV Fidelity International Multifactor ETF	2.81%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%
IDVO Amplify International Enhanced Dividend Income ETF	5.41%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDEV and IDVO in my portfolio?

FDEV and IDVO have a correlation of 0.76, 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 IDVO?

IDVO has higher volatility (5.07%) compared to FDEV (3.72%). In terms of maximum drawdown, FDEV dropped -30.11% vs IDVO's -15.46%.

Which ETF is better, FDEV or IDVO?

On 3-year performance, IDVO leads with 24.34% vs 14.89% for FDEV. On fees, FDEV is cheaper at 0.39% per year. On volatility, FDEV has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDEV or IDVO?

Over the 3-year period, IDVO has performed better with a 24.34% return vs 14.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDEV or IDVO?

FDEV is cheaper with a 0.39% expense ratio, compared with 0.65% for IDVO.

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

IDVO has the higher dividend yield at 5.41%, compared with 2.81% for FDEV.

What is the main difference between FDEV and IDVO?

They also come from different issuers: Fidelity and Amplify. Their fees differ too: 0.39% for FDEV and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.37 vs 1.18), 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.