FIDI vs. DMDV
Compare and contrast key facts about Fidelity International High Dividend ETF (FIDI) and AAM S&P Developed Markets High Dividend Value ETF (DMDV).
FIDI and DMDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIDI is a passively managed fund by Fidelity that tracks the performance of the Fidelity® International High Dividend Index. It was launched on Jan 16, 2018. DMDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. It was launched on Nov 27, 2018. Both FIDI and DMDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIDI or DMDV.
Key characteristics
| FIDI | DMDV | |
|---|---|---|
| YTD Return | 1.84% | 0.18% |
| 1Y Return | 10.59% | 7.90% |
| 3Y Return (Ann) | 5.23% | 2.82% |
| 5Y Return (Ann) | 4.24% | 2.79% |
| Sharpe Ratio | 0.82 | 0.63 |
| Daily Std Dev | 12.94% | 12.65% |
| Max Drawdown | -46.34% | -47.18% |
| Current Drawdown | -1.59% | -3.70% |
Correlation
The correlation between FIDI and DMDV is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIDI vs. DMDV - Performance Comparison
In the year-to-date period, FIDI achieves a 1.84% return, which is significantly higher than DMDV's 0.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIDI vs. DMDV - Expense Ratio Comparison
Both FIDI and DMDV have an expense ratio of 0.39%.
Risk-Adjusted Performance
FIDI vs. DMDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). 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.
Dividends
FIDI vs. DMDV - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.23%, less than DMDV's 7.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.23% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
DMDV AAM S&P Developed Markets High Dividend Value ETF | 7.37% | 6.98% | 5.60% | 4.45% | 3.13% | 5.35% | 0.27% |
Drawdowns
FIDI vs. DMDV - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, roughly equal to the maximum DMDV drawdown of -47.18%. Use the drawdown chart below to compare losses from any high point for FIDI and DMDV. For additional features, visit the drawdowns tool.
Volatility
FIDI vs. DMDV - Volatility Comparison
The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.16%, while AAM S&P Developed Markets High Dividend Value ETF (DMDV) has a volatility of 3.41%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than DMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.