FIDI vs. USMV
FIDI (Fidelity International High Dividend ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 5 years, FIDI returned 10.82%/yr vs 7.24%/yr for USMV. A 0.58 correlation means they provide meaningful diversification when combined. FIDI charges 0.39%/yr vs 0.15%/yr for USMV.
Performance
FIDI vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, FIDI achieves a 10.87% return, which is significantly higher than USMV's 2.43% return.
FIDI
- 1D
- 0.10%
- 1M
- 0.74%
- YTD
- 10.87%
- 6M
- 12.10%
- 1Y
- 25.76%
- 3Y*
- 19.21%
- 5Y*
- 10.82%
- 10Y*
- —
USMV
- 1D
- 0.43%
- 1M
- 1.84%
- YTD
- 2.43%
- 6M
- 2.34%
- 1Y
- 4.00%
- 3Y*
- 11.35%
- 5Y*
- 7.24%
- 10Y*
- 9.90%
FIDI vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 10.87% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
USMV iShares MSCI USA Min Vol Factor ETF | 2.43% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | -0.94% |
Correlation
The correlation between FIDI and USMV is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.58 |
The correlation between FIDI and USMV has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
FIDI vs. USMV — Risk / Return Rank
FIDI
USMV
FIDI vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.08 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 0.62 | +3.10 |
| Martin ratioReturn relative to average drawdown | 13.17 | 2.06 | +11.11 |
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Drawdowns
FIDI vs. USMV - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FIDI and USMV.
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Drawdown Indicators
| FIDI | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -33.10% | -13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -6.46% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -9.36% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -17.93% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.40% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -2.87% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.95% | +0.02% |
Volatility
FIDI vs. USMV - Volatility Comparison
Fidelity International High Dividend ETF (FIDI) has a higher volatility of 3.19% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.70%. This indicates that FIDI's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDI | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.70% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 6.02% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 8.56% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 12.36% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 14.51% | +4.20% |
FIDI vs. USMV - Expense Ratio Comparison
FIDI has a 0.39% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
FIDI vs. USMV - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.05%, more than USMV's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.05% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
FIDI and USMV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDI has higher volatility (3.19%) compared to USMV (2.70%). In terms of maximum drawdown, FIDI dropped -46.34% vs USMV's -33.10%.
On 5-year performance, FIDI leads with 10.82% vs 7.24% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.70%. 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 10.82% return vs 7.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 4.05%, compared with 1.53% for USMV.
FIDI is categorized as Foreign Large Cap Equities, while USMV is Large Cap Blend Equities. FIDI tracks Fidelity® International High Dividend Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.39% for FIDI and 0.15% for USMV.
FIDI currently has the higher Sharpe Ratio (2.19 vs 0.47), 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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