FIDI vs. IFLO

Last updated Jul 14, 2026

FIDI (Fidelity International High Dividend ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, FIDI returned 24.41% vs 31.49% for IFLO. A 0.78 correlation means they provide meaningful diversification when combined. FIDI charges 0.39%/yr vs 0.56%/yr for IFLO.

Performance

FIDI vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDI achieves a 10.55% return, which is significantly lower than IFLO's 18.32% return.

FIDI

• 1D: 0.21%
• 1M: -0.29%
• 6M: 8.33%
• YTD: 10.55%
• 1Y: 24.41%
• 3Y*: 18.03%
• 5Y*: 11.56%
• 10Y*: —

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIDI vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
FIDI Fidelity International High Dividend ETF	10.55%	15.29%
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%

Correlation

The correlation between FIDI and IFLO 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 (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.78

The correlation between FIDI and IFLO has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

Return for Risk

FIDI vs. IFLO — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 81
FIDI Sharpe Ratio Rank: 83
FIDI Sortino Ratio Rank: 81
FIDI Omega Ratio Rank: 80
FIDI Calmar Ratio Rank: 83
FIDI Martin Ratio Rank: 79

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	FIDI	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.16	-0.06
Sortino ratio: Return per unit of downside risk	2.87	3.13	-0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	3.53	4.91	-1.39
Martin ratio: Return relative to average drawdown	11.89	16.50	-4.62

FIDI vs. IFLO - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.10, which is comparable to the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FIDI and IFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIDI vs. IFLO - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for FIDI and IFLO.

Drawdown Indicators

	FIDI	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-6.44%	-39.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-6.44%	-0.52%
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	-0.78%	-2.22%	+1.44%
Average Drawdown Average peak-to-trough decline	-9.70%	-1.29%	-8.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.91%	+0.15%

Volatility

FIDI vs. IFLO - Volatility Comparison

The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.31%, while VictoryShares International Free Cash Flow ETF (IFLO) has a volatility of 4.77%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDI	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	4.77%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	12.05%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	14.71%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	14.61%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	14.61%	+4.04%

FIDI vs. IFLO - Expense Ratio Comparison

FIDI has a 0.39% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

FIDI vs. IFLO - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.07%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIDI Fidelity International High Dividend ETF	4.07%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIDI and IFLO in my portfolio?

FIDI and IFLO 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 is riskier, FIDI or IFLO?

IFLO has higher volatility (4.77%) compared to FIDI (3.31%). In terms of maximum drawdown, FIDI dropped -46.34% vs IFLO's -6.44%.

Which ETF is better, FIDI or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 24.41% for FIDI. On fees, FIDI is cheaper at 0.39% per year. On volatility, FIDI has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDI or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 24.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDI or IFLO?

FIDI is cheaper with a 0.39% expense ratio, compared with 0.56% for IFLO.

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

FIDI has the higher dividend yield at 4.07%, compared with 1.57% for IFLO.

What is the main difference between FIDI and IFLO?

They also come from different issuers: Fidelity and VictoryShares. Their fees differ too: 0.39% for FIDI and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 2.10), 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.