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
202.0 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 26, 2019 |
| Assets (mns) | $202 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SHELL PLC | 1.8 % |
| PSP SWISS PROPERTY AG-REG | 1.8 % |
| DAITO TRUST CONSTRUCT CO LTD | 1.7 % |
| ROCHE HOLDING AG-BR | 1.6 % |
| ASTRAZENECA PLC | 1.6 % |
| NINTENDO CO LTD | 1.6 % |
| NOVARTIS AG | 1.6 % |
| VODAFONE GROUP PLC | 1.6 % |
| SINO LAND CO | 1.4 % |
| ROYAL KPN NV | 1.4 % |
Constituent Breakdown
| Number of holdings | 227 |
| Herfindahl-Hirschman Index | 87 |
| Wgt avg mkt cap (mns) | $53,996 |
| Large cap (>$10bn) | 77.2% |
| Mid cap ($2-10bn) | 28.8% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 108.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.7 % |
 |
BRITAIN | 18.2 % |
 |
CANADA | 14.5 % |
 |
SWITZERLAND | 9.8 % |
 |
FRANCE | 6.7 % |
 |
NETHERLANDS | 5.4 % |
 |
AUSTRALIA | 4.4 % |
 |
GERMANY | 4.3 % |
 |
SWEDEN | 3.9 % |
 |
ISRAEL | 3.4 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.3% | 16.9% | 17.0% | 14.1% | 6.4% | -- | -- | 4.2% |
| Dividend Yield | 2.1% | 2.6% | 3.0% | 3.0% | 2.8% | -- | -- | 2.9% |
| Total Returns | 22.4% | 19.5% | 20.1% | 17.1% | 9.3% | -- | -- | 7.1% | Ann. Volatility | 14.4% | 13.8% | 12.5% | 12.9% | 13.7% | -- | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 39% |
| MSCI EAFE | 0.63 | 57% |
| MSCI Emg Mkts | 0.53 | 47% |
Liquidity Measures
| Avg. volume (000) | 37 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| Recent close | $32.58 |
| 30d moving avg. | $33.19 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 56 |
| Short interest | 1.0% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 31.8% | +7 bp | +7.3% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 31.8% | +7 bp | +7.1% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 31.6% | +14 bp | +6.1% |
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 31.1% | +11 bp | +7.8% |
| DWMF | WisdomTree International Multifactor Fund | 30.8% | +20 bp | +7.2% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 29.2% | +12 bp | +7.0% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 29.0% | +4 bp | +6.0% |
| BKIE | BNY Mellon International Equity ETF | 28.8% | -14 bp | +6.9% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 28.4% | +28 bp | +6.6% |
| FLEE | Franklin FTSE Europe ETF | 27.8% | -9 bp | +7.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 11/21/2025
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FDEV
7.7%
Cat. Avg
7.1%
ALTAR Score™ Calculation
Category Overview
There are 269 funds in the International Equity category, with an average ALTAR Score™
of 7.1% and a standard deviation of
1.8%. FDEV's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FDEV in the 63rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDEVSELL
U/W
HOLD
O/W
BUY