FIDI
Fidelity International High Dividend ETF
Fidelity International High Dividend ETF is an exchange-traded fund incorporated in the USA. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International High Dividend I
Fund Basics
| Fund sponsor | Fidelity |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 16, 2018 |
| Assets (mns) | $96 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SOFTBANK CORP. | 3.1 % |
| VODAFONE GROUP PLC | 2.8 % |
| GDF SUEZ | 2.8 % |
| ENEL SPA | 2.7 % |
| TELEFONICA SA | 2.7 % |
| TOTAL SA | 2.6 % |
| HONG KONG & CHINA GAS | 2.5 % |
| ENBRIDGE INC | 2.2 % |
| NIPPON STEEL CORP | 2.1 % |
| TOURMALINE OIL CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 127 |
| Herfindahl-Hirschman Index | 158 |
| Wgt avg mkt cap (mns) | $66,634 |
| Large cap (>$10bn) | 89.9% |
| Mid cap ($2-10bn) | 10.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 16.5 % |
 |
CANADA | 16.2 % |
 |
FRANCE | 9.9 % |
 |
AUSTRALIA | 8.6 % |
 |
BRITAIN | 8.4 % |
 |
SWITZERLAND | 5.5 % |
 |
NORWAY | 4.9 % |
 |
SPAIN | 4.3 % |
 |
ITALY | 4.0 % |
 |
GERMANY | 4.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.7% | 16.6% | 5.3% | 6.5% | 5.0% | -- | 1.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 53% |
| MSCI EAFE | 0.89 | 83% |
| MSCI Emg Mkts | 0.74 | 61% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $14,137 |
Technical Indicators
| Recent close | $20.51 |
| 30d moving avg. | $19.36 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 67 |
| Short interest (ETF) | 2.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FIDI |
Expenses vs. FIDI |
ALTAR Score™ vs. FIDI |
|---|---|---|---|---|
| CID | VictoryShares International High Div Volatility Wtd ETF | 30.4% | +27 bp | -0.7% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 29.3% | -9 bp | -2.1% |
| DOL | WisdomTree International LargeCap Dividend Fund | 26.9% | +30 bp | -2.4% |
| FIVA | Fidelity International Value Factor ETF | 26.4% | 0 bp | -0.8% |
| EFV | iShares MSCI EAFE Value ETF | 26.4% | +16 bp | -1.1% |
| VWID | Virtus WMC International Dividend ETF | 25.2% | +31 bp | -0.7% |
| IQIN | IQ 500 International ETF | 25.0% | +7 bp | -1.3% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 24.9% | +27 bp | -1.6% |
| IDOG | ALPS International Sector Dividend Dogs ETF | 24.9% | +32 bp | +1.5% |
| VYMI | Vanguard International High Dividend Yield ETF | 24.4% | +4 bp | -0.4% |
Risk and Returns: FIDI 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 4/30/2024
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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
FIDI
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FIDI
10.2%
Cat. Avg
7.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.2% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. FIDI's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places FIDI in the 88th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FIDI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FIDI | 18.0 | 21.4 | 39.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .