FDIVX vs. IDMO

Last updated Jun 13, 2026

FDIVX (Fidelity Diversified International Fund) and IDMO (Invesco S&P International Developed Momentum ETF) are both funds - FDIVX is a Foreign Large Cap Equities fund managed by Fidelity, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Over the past 10 years, FDIVX returned 9.68%/yr vs 12.64%/yr for IDMO. A 0.69 correlation means they provide meaningful diversification when combined. FDIVX charges 1.01%/yr vs 0.25%/yr for IDMO.

Performance

FDIVX vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Diversified International Fund (FDIVX) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIVX achieves a 10.84% return, which is significantly higher than IDMO's 8.17% return. Over the past 10 years, FDIVX has underperformed IDMO with an annualized return of 9.68%, while IDMO has yielded a comparatively higher 12.64% annualized return.

FDIVX

• 1D: 3.97%
• 1M: 0.77%
• YTD: 10.84%
• 6M: 12.79%
• 1Y: 20.33%
• 3Y*: 16.45%
• 5Y*: 7.25%
• 10Y*: 9.68%

IDMO

• 1D: 1.36%
• 1M: -1.92%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 23.12%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

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

FDIVX vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIVX Fidelity Diversified International Fund	10.84%	27.75%	6.54%	17.74%	-23.86%	12.79%	18.91%	29.72%	-15.31%	25.31%
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between FDIVX and IDMO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.69

Over the past year, FDIVX and IDMO have become more correlated (0.91) than their long-term average of 0.69, meaning their price movements have been converging.

Return for Risk

FDIVX vs. IDMO — Risk / Return Rank

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

FDIVX

FDIVX Risk / Return Rank: 31
FDIVX Sharpe Ratio Rank: 28
FDIVX Sortino Ratio Rank: 28
FDIVX Omega Ratio Rank: 29
FDIVX Calmar Ratio Rank: 32
FDIVX Martin Ratio Rank: 37

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

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.

FDIVX vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	FDIVX	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.30	-0.10
Sortino ratio: Return per unit of downside risk	1.76	1.93	-0.17
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.72	1.89	-0.17
Martin ratio: Return relative to average drawdown	6.65	7.64	-0.99

FDIVX vs. IDMO - Sharpe Ratio Comparison

The current FDIVX Sharpe Ratio is 1.19, which is comparable to the IDMO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of FDIVX and IDMO, 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

FDIVX vs. IDMO - Drawdown Comparison

The maximum FDIVX drawdown since its inception was -60.61%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for FDIVX and IDMO.

Drawdown Indicators

	FDIVX	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-39.38%	-21.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-12.31%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-12.65%	-1.98%
Max Drawdown (5Y) Largest decline over 5 years	-35.60%	-27.07%	-8.53%
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	-31.34%	-4.26%
Current Drawdown Current decline from peak	-0.94%	-1.92%	+0.98%
Average Drawdown Average peak-to-trough decline	-11.66%	-9.74%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.04%	+0.15%

Volatility

FDIVX vs. IDMO - Volatility Comparison

The current volatility for Fidelity Diversified International Fund (FDIVX) is 7.46%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 7.92%. This indicates that FDIVX experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIVX	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	7.92%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	16.02%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	17.92%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	18.03%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	18.18%	-1.13%

FDIVX vs. IDMO - Expense Ratio Comparison

FDIVX has a 1.01% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

FDIVX vs. IDMO - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 9.64%, more than IDMO's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	9.64%	10.69%	3.93%	4.29%	1.34%	10.59%	0.97%	1.32%	7.32%	4.22%	1.36%	0.46%
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both FDIVX and IDMO in my portfolio?

With a correlation of 0.91, FDIVX and IDMO 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.

Which is riskier, FDIVX or IDMO?

IDMO has higher volatility (7.92%) compared to FDIVX (7.46%). In terms of maximum drawdown, FDIVX dropped -60.61% vs IDMO's -39.38%.

Which has better risk-adjusted returns?

IDMO currently has the higher Sharpe Ratio (1.30 vs 1.19), 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.