FFDI vs. EFAV
FFDI (Fidelity Fundamental Developed International ETF) and EFAV (iShares Edge MSCI Min Vol EAFE ETF) are both Foreign Large Cap Equities funds. Over the past year, FFDI returned 12.65% vs 9.41% for EFAV. A 0.69 correlation means they provide meaningful diversification when combined. FFDI charges 0.55%/yr vs 0.20%/yr for EFAV.
Performance
FFDI vs. EFAV - Performance Comparison
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Returns By Period
In the year-to-date period, FFDI achieves a 6.62% return, which is significantly higher than EFAV's 3.83% return.
FFDI
- 1D
- -0.09%
- 1M
- 3.81%
- YTD
- 6.62%
- 6M
- 8.90%
- 1Y
- 12.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EFAV
- 1D
- -0.68%
- 1M
- -1.10%
- YTD
- 3.83%
- 6M
- 5.18%
- 1Y
- 9.41%
- 3Y*
- 12.87%
- 5Y*
- 6.17%
- 10Y*
- 5.93%
FFDI vs. EFAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFDI Fidelity Fundamental Developed International ETF | 6.62% | 26.66% | -2.09% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 3.83% | 26.00% | -0.99% |
Correlation
The correlation between FFDI and EFAV is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024 | 0.69 |
The correlation between FFDI and EFAV has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
FFDI vs. EFAV — Risk / Return Rank
FFDI
EFAV
FFDI vs. EFAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Developed International ETF (FFDI) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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.
| FFDI | EFAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | 4.03 | 4.10 | -0.07 |
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
| FFDI | EFAV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.92 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.53 | +0.56 |
Drawdowns
FFDI vs. EFAV - Drawdown Comparison
The maximum FFDI drawdown since its inception was -14.39%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for FFDI and EFAV.
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Drawdown Indicators
| FFDI | EFAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -27.56% | +13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -6.46% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -0.89% | -5.61% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -4.77% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.30% | +0.84% |
Volatility
FFDI vs. EFAV - Volatility Comparison
Fidelity Fundamental Developed International ETF (FFDI) has a higher volatility of 6.15% compared to iShares Edge MSCI Min Vol EAFE ETF (EFAV) at 3.17%. This indicates that FFDI's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFDI | EFAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 3.17% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 8.17% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 10.35% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 11.79% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 13.21% | +5.46% |
FFDI vs. EFAV - Expense Ratio Comparison
FFDI has a 0.55% expense ratio, which is higher than EFAV's 0.20% expense ratio.
Dividends
FFDI vs. EFAV - Dividend Comparison
FFDI's dividend yield for the trailing twelve months is around 2.07%, less than EFAV's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFAV iShares Edge MSCI Min Vol EAFE ETF | 3.08% | 3.20% | 3.24% | 3.08% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% |
FFDI Fidelity Fundamental Developed International ETF | 2.07% | 2.16% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFDI and EFAV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFDI has higher volatility (6.15%) compared to EFAV (3.17%). In terms of maximum drawdown, FFDI dropped -14.39% vs EFAV's -27.56%.
On 1-year performance, FFDI leads with 12.65% vs 9.41% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFDI has performed better with a 12.65% return vs 9.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFAV is cheaper with a 0.20% expense ratio, compared with 0.55% for FFDI.
EFAV has the higher dividend yield at 3.08%, compared with 2.07% for FFDI.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.55% for FFDI and 0.20% for EFAV.
EFAV currently has the higher Sharpe Ratio (0.92 vs 0.75), 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.
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