IDEQ vs. FDEV

Last updated Apr 1, 2026

Compare and contrast key facts about Lazard International Dynamic Equity ETF (IDEQ) and Fidelity International Multifactor ETF (FDEV).

IDEQ and FDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEQ is an actively managed fund by Lazard. It was launched on May 12, 2025. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019.

Performance

IDEQ vs. FDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Dynamic Equity ETF (IDEQ) and Fidelity International Multifactor ETF (FDEV). The values are adjusted to include any dividend payments, if applicable.

IDEQ vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	4.61%	11.77%
FDEV Fidelity International Multifactor ETF	3.83%	6.75%

Returns By Period

In the year-to-date period, IDEQ achieves a 4.61% return, which is significantly higher than FDEV's 3.83% return.

IDEQ

• 1D: 3.62%
• 1M: -9.10%
• YTD: 4.61%
• 6M: 12.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDEV

• 1D: 2.35%
• 1M: -4.83%
• YTD: 3.83%
• 6M: 9.22%
• 1Y: 25.14%
• 3Y*: 14.97%
• 5Y*: 7.95%
• 10Y*: —

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

IDEQ vs. FDEV - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is higher than FDEV's 0.39% expense ratio.

IDEQ

Lazard International Dynamic Equity ETF

FDEV

Fidelity International Multifactor ETF

Return for Risk

IDEQ vs. FDEV — Risk / Return Rank

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

FDEV

FDEV Risk / Return Rank: 89
FDEV Sharpe Ratio Rank: 86
FDEV Sortino Ratio Rank: 89
FDEV Omega Ratio Rank: 88
FDEV Calmar Ratio Rank: 89
FDEV 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.

IDEQ vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and Fidelity International Multifactor ETF (FDEV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IDEQ	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.53	+1.27

Correlation

The correlation between IDEQ and FDEV is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IDEQ vs. FDEV - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 0.58%, less than FDEV's 2.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
IDEQ Lazard International Dynamic Equity ETF	0.58%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%

Drawdowns

IDEQ vs. FDEV - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum FDEV drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for IDEQ and FDEV.

Drawdown Indicators

	IDEQ	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-30.11%	+17.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Current Drawdown Current decline from peak	-9.80%	-4.83%	-4.97%
Average Drawdown Average peak-to-trough decline	-1.84%	-6.38%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	IDEQ	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	14.62%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	13.85%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	15.38%	+1.86%