JDVI vs. FDEV

Last updated Aug 4, 2026

JDVI (John Hancock Disciplined Value International Select ETF) and FDEV (Fidelity International Multifactor ETF) are both Foreign Large Cap Equities funds. JDVI is actively managed, while FDEV is passively managed. Over the past year, JDVI returned 31.15% vs 20.40% for FDEV. Their correlation of 0.83 means they have usually moved in the same direction. JDVI charges 0.69%/yr vs 0.39%/yr for FDEV.

Performance

JDVI vs. FDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value International Select ETF (JDVI) and Fidelity International Multifactor ETF (FDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDVI achieves a 12.05% return, which is significantly higher than FDEV's 9.54% return.

JDVI

• 1D: -0.24%
• 1M: 0.83%
• 6M: 4.91%
• YTD: 12.05%
• 1Y: 31.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.40%

FDEV

• 1D: 0.27%
• 1M: 3.41%
• 6M: 4.85%
• YTD: 9.54%
• 1Y: 20.40%
• 3Y*: 16.69%
• 5Y*: 7.62%
• 10Y*: —
• ALL TIME*: 8.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDEV Fidelity International Multifactor ETF	$1.26M	$1.11M	$1.22M
JDVI John Hancock Disciplined Value International Select ETF	$3.68M	$2.67M	$1.07M

JDVI vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDVI John Hancock Disciplined Value International Select ETF	12.05%	42.97%	0.68%	0.84%
FDEV Fidelity International Multifactor ETF	9.54%	30.36%	5.84%	1.33%

Correlation

The correlation between JDVI and FDEV is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.83

The correlation between JDVI and FDEV has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

JDVI vs. FDEV - Sectors Allocation Comparison

Sectors	JDVI	FDEV
Financial Services	24.5%	23.8%
Healthcare	16.9%	13.4%
Industrials	16.8%	15.9%
Technology	14.3%	3.1%
Basic Materials	14.0%	3.9%
Energy	4.4%	9.9%
Communication Services	3.7%	7.6%
Consumer Defensive	3.5%	9.8%
Consumer Cyclical	1.9%	4.5%
Real Estate	-	-
Utilities	-	8.2%

Return for Risk

JDVI vs. FDEV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JDVI

JDVI Risk / Return Rank: 71
JDVI Sharpe Ratio Rank: 73
JDVI Sortino Ratio Rank: 71
JDVI Omega Ratio Rank: 73
JDVI Calmar Ratio Rank: 67
JDVI Martin Ratio Rank: 70

FDEV

FDEV Risk / Return Rank: 70
FDEV Sharpe Ratio Rank: 73
FDEV Sortino Ratio Rank: 72
FDEV Omega Ratio Rank: 73
FDEV Calmar Ratio Rank: 67
FDEV Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JDVI vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value International Select ETF (JDVI) 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.

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.

	JDVI	FDEV	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.71	+0.08
Sortino ratio: Return per unit of downside risk	2.47	2.39	+0.08
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.50	2.42	+0.08
Martin ratio: Return relative to average drawdown	9.17	8.03	+1.14

JDVI vs. FDEV - Sharpe Ratio Comparison

The current JDVI Sharpe Ratio is 1.79, which is comparable to the FDEV Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of JDVI and FDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDVI vs. FDEV - Drawdown Comparison

The maximum JDVI drawdown since its inception was -14.97%, smaller than the maximum FDEV drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for JDVI and FDEV.

Drawdown Indicators

	JDVI	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-14.97%	-30.11%	+15.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-8.46%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Current Drawdown Current decline from peak	-0.98%	-0.56%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.78%	-6.21%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	2.55%	+0.86%

Volatility

JDVI vs. FDEV - Volatility Comparison

John Hancock Disciplined Value International Select ETF (JDVI) has a higher volatility of 5.45% compared to Fidelity International Multifactor ETF (FDEV) at 2.97%. This indicates that JDVI's price experiences larger fluctuations and is considered to be riskier than FDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDVI	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	2.97%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	9.99%	+5.22%
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	12.02%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	13.93%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	15.25%	+1.40%

JDVI vs. FDEV - Expense Ratio Comparison

JDVI has a 0.69% expense ratio, which is higher than FDEV's 0.39% expense ratio.

Dividends

JDVI vs. FDEV - Dividend Comparison

JDVI's dividend yield for the trailing twelve months is around 2.17%, less than FDEV's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FDEV Fidelity International Multifactor ETF	2.94%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%
JDVI John Hancock Disciplined Value International Select ETF	2.17%	2.43%	1.87%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDVI and FDEV in my portfolio?

JDVI and FDEV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDVI or FDEV?

JDVI has higher volatility (5.45%) compared to FDEV (2.97%). In terms of maximum drawdown, JDVI dropped -14.97% vs FDEV's -30.11%.

Which ETF is better, JDVI or FDEV?

On 1-year performance, JDVI leads with 31.15% vs 20.40% for FDEV. On fees, FDEV is cheaper at 0.39% per year. On volatility, FDEV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDVI or FDEV?

Over the 1-year period, JDVI has performed better with a 31.15% return vs 20.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDVI or FDEV?

FDEV is cheaper with a 0.39% expense ratio, compared with 0.69% for JDVI.

Which ETF pays a higher dividend yield, JDVI or FDEV?

FDEV has the higher dividend yield at 2.94%, compared with 2.17% for JDVI.

What is the main difference between JDVI and FDEV?

They also come from different issuers: John Hancock and Fidelity. Their fees differ too: 0.69% for JDVI and 0.39% for FDEV.

Which has better risk-adjusted returns?

JDVI currently has the higher Sharpe Ratio (1.79 vs 1.71), 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.