FDEV
Fidelity International Multifactor ETF
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 224.6 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Inception date | Feb 26, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| FRESNILLO PLC | 1.7 % |
| PSP SWISS PROPERTY AG-REG | 1.6 % |
| DAITO TRUST CONSTRUCT CO LTD | 1.4 % |
| ITALGAS SPA | 1.4 % |
| GDF SUEZ | 1.4 % |
| TOKYO GAS CO LTD | 1.4 % |
| ENDESA SA | 1.3 % |
| VODAFONE GROUP PLC | 1.3 % |
| KINROSS GOLD CORP | 1.3 % |
| DRAX GROUP PLC | 1.3 % |
Constituent Breakdown
| Number of holdings | 229 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $34,122 |
| Large cap (>$10bn) | 70.9% |
| Mid cap ($2-10bn) | 24.4% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 96.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 20.3 % |
 |
BRITAIN | 15.7 % |
 |
CANADA | 13.6 % |
 |
SWITZERLAND | 8.7 % |
 |
FRANCE | 5.5 % |
 |
AUSTRALIA | 4.8 % |
 |
ITALY | 4.0 % |
 |
GERMANY | 3.9 % |
 |
SPAIN | 3.2 % |
 |
ISRAEL | 3.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.1% | 30.7% | 18.2% | 14.8% | 6.8% | -- | -- | 6.1% |
| Dividend Yield | 0.0% | 4.1% | 3.6% | 3.5% | 3.1% | -- | -- | 3.0% |
| Total Returns | 9.1% | 34.8% | 21.8% | 18.3% | 10.0% | -- | -- | 9.1% | Ann. Volatility | 11.4% | 13.8% | 12.5% | 12.4% | 13.6% | -- | -- | 15.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.49 | 46% |
| MSCI EAFE | 0.77 | 84% |
| MSCI Emg Mkts | 0.55 | 51% |
Liquidity Measures
| Avg. volume (000) | 33 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.54% |
Technical Indicators
| 30d moving avg. (EMA) | $36.16 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -0.39/-0.19 |
| Bollinger Bands (Upper/Lower) | $38.15/$34.57 |
| Short interest (% of AUM) | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDEV |
Expenses vs. FDEV |
ALTAR Score™ vs. FDEV |
|---|---|---|---|---|
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 27.8% | +11 bp | +0.0% |
| DWMF | WisdomTree International Multifactor Fund | 25.0% | +20 bp | -0.4% |
| JIVE | JPMorgan International Value ETF | 24.3% | +37 bp | +1.9% |
| JPIN | J.P. Morgan Diversified Return International Equity ETF | 24.0% | +19 bp | 0.0% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 23.8% | +7 bp | -0.8% |
| CIL | VictoryShares International Volatility Wtd ETF | 23.7% | +27 bp | -1.8% |
| DEEF | Xtrackers FTSE Developed ex US Multifactor ETF | 23.2% | +6 bp | -0.2% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 22.6% | -9 bp | -0.4% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 22.3% | +12 bp | -1.0% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 21.6% | +14 bp | -1.7% |
Risk and Returns: FDEV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/23/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.0%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 342 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.7%. FDEV's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places FDEV in the 77th percentile
among funds in the category.
Sell-Side Consensus
$39.97
PRICE TARGET
+16.5%
UPSIDE