HDEF vs. FIDI
HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - HDEF tracks the MSCI EAFE High Dividend Yield US Dollar Hedged Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, HDEF returned 11.81%/yr vs 12.70%/yr for FIDI. Their correlation of 0.86 means they have usually moved in the same direction. HDEF charges 0.20%/yr vs 0.39%/yr for FIDI.
Performance
HDEF vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, HDEF achieves a 12.33% return, which is significantly lower than FIDI's 15.58% return.
HDEF
- 1D
- -0.95%
- 1M
- 3.70%
- 6M
- 8.55%
- YTD
- 12.33%
- 1Y
- 23.62%
- 3Y*
- 17.68%
- 5Y*
- 11.81%
- 10Y*
- 9.09%
- ALL TIME*
- 8.10%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.62M | $1.95M | $1.81M | |
| $3.46M | $3.74M | $5.68M |
HDEF vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 12.33% | 33.01% | 2.85% | 18.53% | -2.51% | 6.95% | -1.90% | 25.02% | -15.42% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between HDEF and FIDI is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.86 |
The correlation between HDEF and FIDI has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
HDEF vs. FIDI — Risk / Return Rank
HDEF
FIDI
HDEF vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) 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.
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.
| HDEF | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 4.51 | -1.50 |
| Martin ratioReturn relative to average drawdown | 8.62 | 15.65 | -7.03 |
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Drawdowns
HDEF vs. FIDI - Drawdown Comparison
The maximum HDEF drawdown since its inception was -36.43%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for HDEF and FIDI.
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Drawdown Indicators
| HDEF | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -46.34% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -6.96% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -12.09% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -26.05% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -36.43% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -0.92% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -9.63% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.00% | +0.80% |
Volatility
HDEF vs. FIDI - Volatility Comparison
Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) has a higher volatility of 3.31% compared to Fidelity International High Dividend ETF (FIDI) at 2.97%. This indicates that HDEF'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
| HDEF | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.97% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 9.31% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 11.62% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.81% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 18.62% | -2.49% |
HDEF vs. FIDI - Expense Ratio Comparison
HDEF has a 0.20% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
HDEF vs. FIDI - Dividend Comparison
HDEF's dividend yield for the trailing twelve months is around 3.70%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 3.70% | 3.88% | 4.53% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.53% | 1.87% |
Frequently Asked Questions
HDEF and FIDI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDEF has higher volatility (3.31%) compared to FIDI (2.97%). In terms of maximum drawdown, HDEF dropped -36.43% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 12.70% vs 11.81% for HDEF. On fees, HDEF is cheaper at 0.20% per year. On volatility, FIDI has been the lower-risk option at 2.97%. 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 12.70% return vs 11.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDEF is cheaper with a 0.20% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 3.70% for HDEF.
HDEF tracks MSCI EAFE High Dividend Yield US Dollar Hedged Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: Deutsche Bank and Fidelity. Their fees differ too: 0.20% for HDEF and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 vs 2.09), 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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