FIDI vs. BKIE
FIDI (Fidelity International High Dividend ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - FIDI tracks the Fidelity® International High Dividend Index while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, FIDI returned 10.43%/yr vs 9.05%/yr for BKIE. Their correlation of 0.90 suggests significant overlap in exposure. FIDI charges 0.39%/yr vs 0.04%/yr for BKIE.
Performance
FIDI vs. BKIE - Performance Comparison
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Returns By Period
In the year-to-date period, FIDI achieves a 8.93% return, which is significantly higher than BKIE's 8.46% return.
FIDI
- 1D
- -0.57%
- 1M
- 0.38%
- YTD
- 8.93%
- 6M
- 12.21%
- 1Y
- 25.24%
- 3Y*
- 19.10%
- 5Y*
- 10.43%
- 10Y*
- —
BKIE
- 1D
- -0.89%
- 1M
- 3.12%
- YTD
- 8.46%
- 6M
- 11.11%
- 1Y
- 22.58%
- 3Y*
- 17.39%
- 5Y*
- 9.05%
- 10Y*
- —
FIDI vs. BKIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 8.93% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | 26.64% |
BKIE BNY Mellon International Equity ETF | 8.46% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
Correlation
The correlation between FIDI and BKIE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.90 |
The correlation between FIDI and BKIE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
FIDI vs. BKIE — Risk / Return Rank
FIDI
BKIE
FIDI vs. BKIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and BNY Mellon International Equity ETF (BKIE). 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.
| FIDI | BKIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.99 | +1.66 |
| Martin ratioReturn relative to average drawdown | 13.04 | 7.68 | +5.37 |
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
| FIDI | BKIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.56 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.56 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.92 | -0.61 |
Drawdowns
FIDI vs. BKIE - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for FIDI and BKIE.
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Drawdown Indicators
| FIDI | BKIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -28.19% | -18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -11.41% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -13.19% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -28.19% | +2.14% |
Current DrawdownCurrent decline from peak | -2.24% | -1.33% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -4.98% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.95% | -1.01% |
Volatility
FIDI vs. BKIE - Volatility Comparison
The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.09%, while BNY Mellon International Equity ETF (BKIE) has a volatility of 4.42%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDI | BKIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 4.42% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 12.17% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 14.58% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 16.12% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 16.34% | +2.39% |
FIDI vs. BKIE - Expense Ratio Comparison
FIDI has a 0.39% expense ratio, which is higher than BKIE's 0.04% expense ratio.
Dividends
FIDI vs. BKIE - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.13%, more than BKIE's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.26% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% |
FIDI Fidelity International High Dividend ETF | 4.13% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
Frequently Asked Questions
FIDI and BKIE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.42%) compared to FIDI (3.09%). In terms of maximum drawdown, FIDI dropped -46.34% vs BKIE's -28.19%.
On 5-year performance, FIDI leads with 10.43% vs 9.05% for BKIE. On fees, BKIE is cheaper at 0.04% per year. On volatility, FIDI has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 10.43% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 4.13%, compared with 3.26% for BKIE.
FIDI tracks Fidelity® International High Dividend Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: Fidelity and BNY Mellon. Their fees differ too: 0.39% for FIDI and 0.04% for BKIE.
FIDI currently has the higher Sharpe Ratio (2.19 vs 1.56), 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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