FFLV vs. IDEV
FFLV (Fidelity Fundamental Large Cap Value ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - FFLV is a Large Cap Value Equities fund actively managed by Fidelity, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. FFLV is actively managed, while IDEV is passively managed. Over the past year, FFLV returned 33.97% vs 25.93% for IDEV. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FFLV charges 0.38%/yr vs 0.05%/yr for IDEV.
Performance
FFLV vs. IDEV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FFLV achieves a 19.24% return, which is significantly higher than IDEV's 11.93% return.
FFLV
- 1D
- 0.85%
- 1M
- 3.63%
- 6M
- 13.59%
- YTD
- 19.24%
- 1Y
- 33.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.94%
IDEV
- 1D
- 0.51%
- 1M
- 1.55%
- 6M
- 6.28%
- YTD
- 11.93%
- 1Y
- 25.93%
- 3Y*
- 17.91%
- 5Y*
- 9.20%
- 10Y*
- —
- ALL TIME*
- 9.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $226.71K | $143.42K | $105.18K | |
| $151.32M | $130.93M | $128.23M |
FFLV vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 19.24% | 16.04% | -0.71% |
IDEV iShares Core MSCI International Developed Markets ETF | 11.93% | 32.56% | 2.37% |
Correlation
The correlation between FFLV and IDEV is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2024 | 0.69 |
The correlation between FFLV and IDEV has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FFLV vs. IDEV — Risk / Return Rank
FFLV
IDEV
FFLV vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) 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.
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.
| FFLV | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.31 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 2.33 | +2.39 |
| Martin ratioReturn relative to average drawdown | 18.97 | 9.17 | +9.79 |
Loading charts...
Drawdowns
FFLV vs. IDEV - Drawdown Comparison
The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for FFLV and IDEV.
Loading charts...
Drawdown Indicators
| FFLV | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -34.77% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -11.20% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -6.47% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.83% | -1.03% |
Volatility
FFLV vs. IDEV - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 2.89%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.35%. This indicates that FFLV 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.
Loading charts...
Volatility by Period
| FFLV | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 4.35% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 13.10% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 15.21% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 16.36% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 17.25% | -2.32% |
FFLV vs. IDEV - Expense Ratio Comparison
FFLV has a 0.38% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
FFLV vs. IDEV - Dividend Comparison
FFLV's dividend yield for the trailing twelve months is around 1.35%, less than IDEV's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 1.35% | 1.60% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.16% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% |
Frequently Asked Questions
FFLV and IDEV 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.
IDEV has higher volatility (4.35%) compared to FFLV (2.89%). In terms of maximum drawdown, FFLV dropped -16.71% vs IDEV's -34.77%.
On 1-year performance, FFLV leads with 33.97% vs 25.93% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, FFLV has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFLV has performed better with a 33.97% return vs 25.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.38% for FFLV.
IDEV has the higher dividend yield at 3.16%, compared with 1.35% for FFLV.
FFLV is categorized as Large Cap Value Equities, while IDEV is Foreign Large Cap Equities. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FFLV and 0.05% for IDEV.
FFLV currently has the higher Sharpe Ratio (3.02 vs 1.72), 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.
Find the right allocation for FFLV and IDEV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer