FIDI vs. T

Last updated Jun 9, 2026

FIDI (Fidelity International High Dividend ETF) is Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while T (AT&T Inc.) is a stock. Over the past 5 years, FIDI returned 10.29%/yr vs 6.60%/yr for T. At a 0.39 correlation, their price movements are largely independent.

Performance

FIDI vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDI achieves a 8.46% return, which is significantly higher than T's -7.40% return.

FIDI

• 1D: 0.40%
• 1M: -0.68%
• YTD: 8.46%
• 6M: 11.86%
• 1Y: 24.12%
• 3Y*: 18.54%
• 5Y*: 10.29%
• 10Y*: —

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

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

FIDI vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIDI Fidelity International High Dividend ETF	8.46%	39.34%	-0.06%	16.28%	-4.73%	16.87%	-11.68%	15.47%	-19.49%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-19.04%

Correlation

The correlation between FIDI and T is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.39

Over the past year, the correlation between FIDI and T has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

FIDI vs. T — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 71
FIDI Sharpe Ratio Rank: 71
FIDI Sortino Ratio Rank: 68
FIDI Omega Ratio Rank: 68
FIDI Calmar Ratio Rank: 75
FIDI Martin Ratio Rank: 73

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-0.75	+2.82
Sortino ratio: Return per unit of downside risk	2.80	-0.98	+3.78
Omega ratio: Gain probability vs. loss probability	1.37	0.89	+0.48
Calmar ratio: Return relative to maximum drawdown	3.48	-0.75	+4.23
Martin ratio: Return relative to average drawdown	12.34	-1.59	+13.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDI vs. T - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.07, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FIDI and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIDI	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	-0.75	+2.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.28	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.38	-0.07

Drawdowns

FIDI vs. T - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for FIDI and T.

Drawdown Indicators

	FIDI	T	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-64.15%	+17.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-21.87%	+14.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-21.87%	+9.78%
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	-32.01%	+5.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-2.66%	-21.87%	+19.21%
Average Drawdown Average peak-to-trough decline	-9.78%	-15.72%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	10.34%	-8.38%

Volatility

FIDI vs. T - Volatility Comparison

The current volatility for Fidelity International High Dividend ETF (FIDI) is 2.61%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDI	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	7.50%	-4.89%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	17.57%	-8.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	21.98%	-10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	23.97%	-9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	23.71%	-4.99%

Dividends

FIDI vs. T - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.14%, less than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDI Fidelity International High Dividend ETF	4.14%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%	0.00%	0.00%	0.00%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Frequently Asked Questions

Can I hold both FIDI and T in my portfolio?

FIDI and T have a correlation of 0.11, 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 T?

T has higher volatility (7.50%) compared to FIDI (2.61%). In terms of maximum drawdown, FIDI dropped -46.34% vs T's -64.15%.

Which has better risk-adjusted returns?

FIDI currently has the higher Sharpe Ratio (2.07 vs -0.75), 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.