FIDI vs. FPXI
FIDI (Fidelity International High Dividend ETF) and FPXI (First Trust International Equity Opportunities ETF) are both Foreign Large Cap Equities funds - FIDI tracks the Fidelity® International High Dividend Index while FPXI tracks the IPOX International Index. Both are passively managed. Over the past 5 years, FIDI returned 10.43%/yr vs 4.04%/yr for FPXI. A 0.60 correlation means they provide meaningful diversification when combined. FIDI charges 0.39%/yr vs 0.70%/yr for FPXI.
Performance
FIDI vs. FPXI - Performance Comparison
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Returns By Period
In the year-to-date period, FIDI achieves a 8.93% return, which is significantly lower than FPXI's 34.41% return.
FIDI
- 1D
- -0.57%
- 1M
- 0.38%
- YTD
- 8.93%
- 6M
- 12.21%
- 1Y
- 25.24%
- 3Y*
- 19.10%
- 5Y*
- 10.43%
- 10Y*
- —
FPXI
- 1D
- -0.36%
- 1M
- 13.37%
- YTD
- 34.41%
- 6M
- 33.60%
- 1Y
- 49.62%
- 3Y*
- 27.44%
- 5Y*
- 4.04%
- 10Y*
- 12.89%
FIDI vs. FPXI - 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% | -20.16% |
FPXI First Trust International Equity Opportunities ETF | 34.41% | 26.37% | 12.62% | 9.56% | -31.83% | -15.73% | 71.50% | 33.69% | -19.94% |
Correlation
The correlation between FIDI and FPXI is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.60 |
The correlation between FIDI and FPXI has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
FIDI vs. FPXI — Risk / Return Rank
FIDI
FPXI
FIDI vs. FPXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and First Trust International Equity Opportunities ETF (FPXI). 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 | FPXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.38 | +0.27 |
| Martin ratioReturn relative to average drawdown | 13.04 | 11.66 | +1.39 |
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 | FPXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.13 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.19 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
Drawdowns
FIDI vs. FPXI - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, smaller than the maximum FPXI drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for FIDI and FPXI.
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Drawdown Indicators
| FIDI | FPXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -55.78% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -14.77% | +7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -20.58% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -50.75% | +24.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.78% | — |
Current DrawdownCurrent decline from peak | -2.24% | -0.36% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -20.26% | +10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 4.27% | -2.33% |
Volatility
FIDI vs. FPXI - Volatility Comparison
The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.09%, while First Trust International Equity Opportunities ETF (FPXI) has a volatility of 8.88%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than FPXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDI | FPXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 8.88% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 19.74% | -10.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 23.42% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 21.57% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 21.18% | -2.45% |
FIDI vs. FPXI - Expense Ratio Comparison
FIDI has a 0.39% expense ratio, which is lower than FPXI's 0.70% expense ratio.
Dividends
FIDI vs. FPXI - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.13%, more than FPXI's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.13% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
FPXI First Trust International Equity Opportunities ETF | 0.59% | 0.70% | 0.93% | 0.71% | 1.13% | 0.71% | 0.18% | 0.67% | 1.75% | 0.75% | 2.09% | 1.34% |
Frequently Asked Questions
FIDI and FPXI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPXI has higher volatility (8.88%) compared to FIDI (3.09%). In terms of maximum drawdown, FIDI dropped -46.34% vs FPXI's -55.78%.
On 5-year performance, FIDI leads with 10.43% vs 4.04% for FPXI. On fees, FIDI is cheaper at 0.39% 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 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDI is cheaper with a 0.39% expense ratio, compared with 0.70% for FPXI.
FIDI has the higher dividend yield at 4.13%, compared with 0.59% for FPXI.
FIDI tracks Fidelity® International High Dividend Index, while FPXI tracks IPOX International Index. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.39% for FIDI and 0.70% for FPXI.
FIDI currently has the higher Sharpe Ratio (2.19 vs 2.13), 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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