FIVA vs. FIDI
FIVA (Fidelity International Value Factor ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds from Fidelity - FIVA tracks the Fidelity® International Value Factor Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, FIVA returned 12.50%/yr vs 10.43%/yr for FIDI. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.
Performance
FIVA vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, FIVA achieves a 12.92% return, which is significantly higher than FIDI's 8.93% return.
FIVA
- 1D
- -0.36%
- 1M
- 5.48%
- YTD
- 12.92%
- 6M
- 18.20%
- 1Y
- 35.97%
- 3Y*
- 22.76%
- 5Y*
- 12.50%
- 10Y*
- —
FIDI
- 1D
- -0.57%
- 1M
- 0.38%
- YTD
- 8.93%
- 6M
- 12.21%
- 1Y
- 25.24%
- 3Y*
- 19.10%
- 5Y*
- 10.43%
- 10Y*
- —
FIVA vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 12.92% | 45.83% | 2.53% | 20.38% | -10.37% | 15.90% | -1.78% | 19.78% | -19.20% |
FIDI Fidelity International High Dividend ETF | 8.93% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -20.16% |
Correlation
The correlation between FIVA and FIDI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.89 |
The correlation between FIVA and FIDI has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
FIVA vs. FIDI — Risk / Return Rank
FIVA
FIDI
FIVA vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) and Fidelity International High Dividend ETF (FIDI). 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.
| FIVA | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.65 | -0.56 |
| Martin ratioReturn relative to average drawdown | 12.07 | 13.04 | -0.97 |
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
| FIVA | FIDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.19 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.71 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.31 | +0.18 |
Drawdowns
FIVA vs. FIDI - Drawdown Comparison
The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for FIVA and FIDI.
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Drawdown Indicators
| FIVA | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -46.34% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -6.96% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -12.09% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -26.05% | -2.65% |
Current DrawdownCurrent decline from peak | -0.36% | -2.24% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -9.79% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.94% | +1.05% |
Volatility
FIVA vs. FIDI - Volatility Comparison
Fidelity International Value Factor ETF (FIVA) has a higher volatility of 5.02% compared to Fidelity International High Dividend ETF (FIDI) at 3.09%. This indicates that FIVA's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIVA | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 3.09% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 9.00% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 11.60% | +3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 14.84% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 18.73% | -0.83% |
FIVA vs. FIDI - Expense Ratio Comparison
Both FIVA and FIDI have an expense ratio of 0.39%.
Dividends
FIVA vs. FIDI - Dividend Comparison
FIVA's dividend yield for the trailing twelve months is around 2.52%, less than FIDI's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.13% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
FIVA Fidelity International Value Factor ETF | 2.52% | 2.68% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% |
Frequently Asked Questions
FIVA and FIDI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVA has higher volatility (5.02%) compared to FIDI (3.09%). In terms of maximum drawdown, FIVA dropped -39.76% vs FIDI's -46.34%.
On 5-year performance, FIVA leads with 12.50% vs 10.43% for FIDI. Both ETFs have the same 0.39% expense ratio. 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, FIVA has performed better with a 12.50% return vs 10.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIVA and FIDI have the same expense ratio: 0.39% per year.
FIDI has the higher dividend yield at 4.13%, compared with 2.52% for FIVA.
FIVA tracks Fidelity® International Value Factor Index, while FIDI tracks Fidelity® International High Dividend Index.
FIVA currently has the higher Sharpe Ratio (2.39 vs 2.19), 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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