FIDI vs. DMDV

Last updated Jun 4, 2026

FIDI (Fidelity International High Dividend ETF) and DMDV (AAM S&P Developed Markets High Dividend Value ETF) are both Foreign Large Cap Equities funds - FIDI tracks the Fidelity® International High Dividend Index while DMDV tracks the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

FIDI vs. DMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDI

• 1D: -0.57%
• 1M: 0.38%
• YTD: 8.93%
• 6M: 12.21%
• 1Y: 25.24%
• 3Y*: 19.10%
• 5Y*: 10.43%
• 10Y*: —

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIDI vs. DMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIDI Fidelity International High Dividend ETF	8.93%	39.34%	-0.06%	16.28%	-4.73%	16.87%	-11.68%	15.47%	-6.66%
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%

Correlation

The correlation between FIDI and DMDV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	0.78

The correlation between FIDI and DMDV shifts across timeframes, from 0.59 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIDI vs. DMDV — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 66
FIDI Sharpe Ratio Rank: 65
FIDI Sortino Ratio Rank: 62
FIDI Omega Ratio Rank: 62
FIDI Calmar Ratio Rank: 72
FIDI Martin Ratio Rank: 69

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.

FIDI vs. DMDV - Risk-Adjusted Trends 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.

	FIDI	DMDV	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.65	—	—
Martin ratio: Return relative to average drawdown	13.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FIDI	DMDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Drawdowns

Drawdown Indicators

	FIDI	DMDV	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	—	—
Current Drawdown Current decline from peak	-2.24%	—	—
Average Drawdown Average peak-to-trough decline	-9.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	—	—

Volatility

Volatility by Period

	FIDI	DMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	—	—

FIDI vs. DMDV - Expense Ratio Comparison

Both FIDI and DMDV have an expense ratio of 0.39%.

Dividends

FIDI vs. DMDV - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.13%, while DMDV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%
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

Can I hold both FIDI and DMDV in my portfolio?

FIDI and DMDV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIDI or DMDV?

Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIDI or DMDV?

FIDI and DMDV have the same expense ratio: 0.39% per year.

Which ETF pays a higher dividend yield, FIDI or DMDV?

FIDI has the higher dividend yield at 4.13%, compared with 0.00% for DMDV.

What is the main difference between FIDI and DMDV?

FIDI tracks Fidelity® International High Dividend Index, while DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. They also come from different issuers: Fidelity and Advisors Asset Management.