Fidelity International Multifactor ETF
$36.45+0.30 (+0.83%)
- 0.18%
- $276M
- +14.5%
- 3.36%
- 0M sh
- $36.07
- low $32.56high $38.47
The ETF.net FDEV Grade
A
Score 71 out of 100
- 5 of 30
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A91 out of 100Rank 3 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 6 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 14 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 20 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 23 of 30
Our read on FDEV
AFour factors (value, quality, momentum, low volatility) blended into one developed-markets index fund at 0.18% a year. Fidelity's answer to paying up for a single-factor tilt overseas.
The fund seeks returns generally corresponding to the Fidelity International Multifactor Index before fees and expenses.
Why people hold it
- 0.18% a year, less than half the typical fee in its international multifactor group, and within a rounding error of the cheapest name there (INTF at 0.16%).
- One index does the work of four screens: value, quality, momentum and low volatility applied together, instead of you stacking separate single-factor funds.
- Roughly 220 developed-market stocks outside the US, picked by published index rules rather than a manager's hunches, with cash paid out quarterly.
- Sits in the top quartile of a 29-fund international factor cohort, which is a crowded field full of far pricier attempts at the same job.
Worth knowing
- Thinly traded. Spreads can quietly cost more than the fee, so limit orders matter more here than with the category's household names.
- A 2019 launch still in the mid-size asset range, so there is no decades-long record to lean on the way older international index funds offer.
- Blending four factors means none of them drives the bus. When value or momentum alone runs hot, this owns only a slice of that move.
FDEV Holdings
- Stocks
- 212
- 15%
- 1878.T
Sectors
- Financials23.2%
- Industrials14.6%
- Health Care12.9%
- Energy11.2%
- Consumer Staples10.4%
- Communication7.1%
- Real Estate6.2%
- Consumer Discretionary5.3%
- Technology5.3%
- Materials3.8%
Geography
- Japan23.08%
- United Kingdom15.38%
- Canada13.90%
- France7.69%
- Switzerland4.69%
- Netherlands4.66%
- Germany3.59%
- Spain3.18%
- 23.82%
Developed 96% · Emerging 4%
FDEV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FDEV$11,449
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FDEV |
|---|---|
| Year to date | +7.3% |
| 1 month | −3.5% |
| 3 months | +1.2% |
| 1 year | +14.5% |
| 3 years | +17.1% |
| 5 years | +8.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDEV |
|---|---|---|
| 2026 YTD | +7.3% | |
| 2025 | +30.4% | |
| 2024 | +5.9% | |
| 2023 | +13.4% | |
| 2022 | −16.6% | |
| 2021 | +11.0% | |
| 2020 | +5.5% |
FDEV in the news
FDEV Dividends
- 3.36%
- $1.22
- $0.33 per share
- Quarterly
Distribution history
FDEV Risk
- 10.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FDEV Cost
0.18%
FDEV0.18%
- The middle half of International Multifactor funds
- Median 0.35%
2 of the 30 International Multifactor funds charge less.
Other funds in International Multifactor
- ADFAIDimensional - International Core Equity Market ETFExpense ratio 0.18%1 year return +18.2%
- ARODMHartford Multifactor Developed Markets (ex-US) ETFExpense ratio 0.29%1 year return +20.0%
- BGLOFiShares Global Equity Factor ETFExpense ratio 0.20%1 year return +23.7%
- BISCFiShares International Small-Cap Equity Factor ETFExpense ratio 0.24%1 year return +14.6%
- BGSIEGoldman Sachs ActiveBeta International Equity ETFExpense ratio 0.25%1 year return +16.0%