INEQ vs. FIDI
INEQ (Columbia International Equity Income ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds. INEQ is actively managed, while FIDI is passively managed. Over the past 5 years, INEQ returned 12.08%/yr vs 10.83%/yr for FIDI. Their correlation of 0.84 suggests significant overlap in exposure. INEQ charges 0.45%/yr vs 0.39%/yr for FIDI.
Performance
INEQ vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, INEQ achieves a 6.17% return, which is significantly lower than FIDI's 8.18% return.
INEQ
- 1D
- -0.53%
- 1M
- -2.02%
- YTD
- 6.17%
- 6M
- 7.02%
- 1Y
- 24.52%
- 3Y*
- 19.56%
- 5Y*
- 12.08%
- 10Y*
- 9.70%
FIDI
- 1D
- 0.16%
- 1M
- -1.99%
- YTD
- 8.18%
- 6M
- 8.55%
- 1Y
- 26.10%
- 3Y*
- 19.00%
- 5Y*
- 10.83%
- 10Y*
- —
INEQ vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INEQ Columbia International Equity Income ETF | 6.17% | 39.85% | 6.02% | 20.88% | -5.95% | 10.18% | -0.52% | 15.83% | -21.91% |
FIDI Fidelity International High Dividend ETF | 8.18% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between INEQ and FIDI is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.84 |
The correlation between INEQ and FIDI has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
INEQ vs. FIDI — Risk / Return Rank
INEQ
FIDI
INEQ vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) 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.
| INEQ | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.77 | -1.19 |
| Martin ratioReturn relative to average drawdown | 8.91 | 13.21 | -4.31 |
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Drawdowns
INEQ vs. FIDI - Drawdown Comparison
The maximum INEQ drawdown since its inception was -41.71%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for INEQ and FIDI.
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Drawdown Indicators
| INEQ | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -46.34% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -6.96% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -12.09% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -26.05% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -2.91% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -9.74% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.98% | +0.78% |
Volatility
INEQ vs. FIDI - Volatility Comparison
Columbia International Equity Income ETF (INEQ) has a higher volatility of 3.88% compared to Fidelity International High Dividend ETF (FIDI) at 3.22%. This indicates that INEQ'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
| INEQ | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.22% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 9.30% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.76% | 11.78% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 14.86% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 18.70% | -2.36% |
INEQ vs. FIDI - Expense Ratio Comparison
INEQ has a 0.45% expense ratio, which is higher than FIDI's 0.39% expense ratio.
Dividends
INEQ vs. FIDI - Dividend Comparison
INEQ's dividend yield for the trailing twelve months is around 9.29%, more than FIDI's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.16% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% |
INEQ Columbia International Equity Income ETF | 9.29% | 9.76% | 3.11% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 7.25% | 4.63% | 2.52% |
Frequently Asked Questions
INEQ and FIDI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INEQ has higher volatility (3.88%) compared to FIDI (3.22%). In terms of maximum drawdown, INEQ dropped -41.71% vs FIDI's -46.34%.
On 5-year performance, INEQ leads with 12.08% vs 10.83% for FIDI. On fees, FIDI is cheaper at 0.39% per year. On volatility, FIDI has been the lower-risk option at 3.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INEQ has performed better with a 12.08% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDI is cheaper with a 0.39% expense ratio, compared with 0.45% for INEQ.
INEQ has the higher dividend yield at 9.29%, compared with 4.16% for FIDI.
They also come from different issuers: Columbia Threadneedle and Fidelity. Their fees differ too: 0.45% for INEQ and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.23 vs 1.79), 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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