FIVA
Fidelity International Value Factor ETF
The Fidelity International Value Factor ETF tracks a multi-factor index of large- and midcap value stocks from developed markets, ex-US.
Fund Basics
| Fund sponsor | Fidelity |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 16, 2018 |
| Assets (mns) | $119 |
| 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
| ASML HOLDING NV | 2.4 % |
| NESTLE SA-REG | 1.9 % |
| SIEMENS AG-REG | 1.5 % |
| NOVARTIS AG | 1.5 % |
| VOLVO AB-B SHS | 1.5 % |
| HSBC HOLDINGS PLC | 1.5 % |
| BOC HONG KONG HOLDINGS LTD | 1.5 % |
| SHELL PLC | 1.5 % |
| MITSUBISHI CORP | 1.4 % |
| ASTRAZENECA PLC | 1.4 % |
Constituent Breakdown
| Number of holdings | 124 |
| Herfindahl-Hirschman Index | 104 |
| Wgt avg mkt cap (mns) | $76,483 |
| Large cap (>$10bn) | 92.6% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.2 % |
 |
BRITAIN | 13.4 % |
 |
GERMANY | 11.2 % |
 |
CANADA | 10.1 % |
 |
FRANCE | 9.2 % |
 |
SWITZERLAND | 8.1 % |
 |
NETHERLANDS | 5.8 % |
 |
AUSTRALIA | 5.1 % |
 |
SWEDEN | 3.4 % |
 |
HONG KONG | 2.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 5.1% | 17.5% | 8.5% | 6.9% | 7.2% | -- | 5.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 64% |
| MSCI EAFE | 0.98 | 91% |
| MSCI Emg Mkts | 0.78 | 62% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $14,823 |
Technical Indicators
| Recent close | $25.52 |
| 30d moving avg. | $23.27 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 65 |
| Short interest (ETF) | 0.2% |
| 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. FIVA |
Expenses vs. FIVA |
ALTAR Score™ vs. FIVA |
|---|---|---|---|---|
| IVLU | iShares MSCI Intl Value Factor ETF | 44.6% | +12 bp | +1.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 34.6% | +30 bp | -1.5% |
| EFV | iShares MSCI EAFE Value ETF | 33.8% | +16 bp | -0.3% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 31.3% | +27 bp | -0.8% |
| IEV | iShares Europe ETF | 30.7% | +49 bp | -3.2% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 30.5% | -9 bp | -1.3% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 30.1% | +7 bp | -1.9% |
| VYMI | Vanguard International High Dividend Yield ETF | 30.1% | +4 bp | +0.3% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 30.1% | +28 bp | -2.9% |
| IQIN | IQ 500 International ETF | 30.0% | +7 bp | -0.5% |
Risk and Returns: FIVA 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 5/3/2024
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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
FIVA
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™
FIVA
9.2%
Cat. Avg
7.0%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.2% |
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 7.0% and a standard deviation of
2.5%. FIVA's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FIVA in the 81st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FIVA
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) |
|
|---|---|---|---|
| FIVA | 18.0 | 18.3 | 36.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .