DXIV vs FDEV: Grades, Fees and Holdings Compared

Dimensional International Vector Equity ETF

DXIVBNYSE Arca

Fidelity International Multifactor ETF

FDEVACboe

Overlap

14.4%by weight

Expense ratio

FDEV −0.12pt a year

DXIV0.30%FDEV0.18%

Avg volume · 30D

FDEV 1.3×the volume

DXIV22.1KFDEV29.3K

DXIV vs FDEV Performance

Oct 31, 2025 – Oct 30, 2026

+19.8%DXIV+16.6%FDEV

Expense ratio: DXIV 0.30%; FDEV 0.18%, better
Fund size: DXIV $232M; FDEV $276M
1Y total return: DXIV +19.8%, better; FDEV +16.6%
Yield (12M): DXIV 2.43%; FDEV 3.27%, better
Holdings: DXIV 2773; FDEV 210
Avg volume (30D): DXIV 22.1K sh; FDEV 29.3K sh, better
NAV per share: DXIV $71.79; FDEV $37.31
52W range

ETF.net Grade

Pillar letters and Scores for DXIV, FDEV, with each pillar’s weight
Pillar	DXIV	FDEV
Cost30% weight	B59	A91Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B60	A78Higher
Tradability15% weight	B59	B59
Holdings10% weight	A85Higher	C48
Durability5% weight	D36	C42Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. DXIV and FDEV are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

FDEV ranks 4th and DXIV 12th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 76
Rank 4AFDEVFidelity International Multifactor ETFScore 73
Rank 5ARODMHartford Multifactor Developed Markets (ex-US) ETFScore 71
Rank 10BQEFAState Street SPDR MSCI EAFE StrategicFactors ETFScore 64
Rank 12BDXIVDimensional International Vector Equity ETFScore 60
Rank 12BQWLDState Street SPDR MSCI World StrategicFactors ETFScore 60

Our read on each fund

ETF.net Research

DXIVBDimensional International Vector Equity ETF

FDEVAFidelity International Multifactor ETF

In short

DXIV Dimensional's most aggressive international tilt. It owns developed-market stocks of all sizes, then leans hard into the smaller, cheaper, higher-profitability corner instead of just mirroring the cap-weighted market.

FDEV Four 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.

Stated mandate

DXIV The fund seeks long-term capital appreciation.

FDEV The fund seeks returns generally corresponding to the Fidelity International Multifactor Index before fees and expenses.

Why people hold it

DXIV Buys across the whole developed-ex-US market, then strongly overweights smaller, lower-priced, higher-profitability companies versus their share of that universe.sec.gov
Roughly 2,700 holdings, with a prospectus commitment to keep at least 40% of assets in three or more non-US countries under normal conditions.sec.gov
0.30% net of a waiver through February 28, 2027, near the category median and in the same neighborhood as RODM at 0.29%.
Actively managed rather than pegged to an index, so trading can flex daily instead of being forced by a rebalance calendar. Pays quarterly.sec.gov

FDEV 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

DXIV That 0.30% is a waived rate. The gross fee is 0.53%, and the waiver is dated through February 28, 2027.
Launched in 2024, so the track record is short. Deep small-cap and value tilts can also drift well away from a plain cap-weighted international index.
Assets and daily volume are modest next to category mainstays, which can mean wider bid-ask spreads on larger orders.

FDEV 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.

Full DXIV profile⁠

Full FDEV profile⁠

DXIV vs FDEV Holdings

How DXIV and FDEV differ

Overlap by weight

14.4%

Shared holdings make up 82.9% of FDEV and 14.7% of DXIV.

Level by level

Holdings163 in both14.4%
Sector11 Sectors74.8%
Countryby domicile82.2%
Asset classEquity100%

Sector

Sector weights in DXIV and FDEV, widest gap first
Sector	More in DXIVMore in FDEV	DXIV	FDEV
Materials	DXIV +9.0 points	12.7%	3.7%
Consumer Discretionary	DXIV +8.1 points	11.6%	3.5%
Financials	FDEV +6.9 points	17.1%	24.0%
Health Care	FDEV +5.9 points	7.4%	13.3%
Real Estate	FDEV +4.9 points	1.5%	6.4%
Industrials	DXIV +4.5 points	19.0%	14.5%
Communication	FDEV +3.2 points	5.3%	8.5%
Energy	FDEV +2.9 points	8.6%	11.5%
Utilities	DXIV +2.2 points	2.2%	0.0%
Consumer Staples	FDEV +1.3 points	7.0%	8.3%
Technology	DXIV +1.4 points	7.6%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in DXIV and FDEV, widest gap first
Country	More in DXIVMore in FDEV	DXIV	FDEV
United Kingdom	FDEV +5.1 points	10.4%	15.5%
Germany	DXIV +4.1 points	7.7%	3.6%
Japan	DXIV +3.6 points	26.0%	22.4%
Canada	FDEV +2.9 points	12.0%	14.9%
Switzerland	DXIV +2.8 points	7.8%	5.0%
Australia	DXIV +2.5 points	5.6%	3.1%
Norway	FDEV +1.8 points	0.9%	2.7%
Singapore	FDEV +1.6 points	1.2%	2.8%
Other countries (21)	FDEV +1.7 points	28.3%	30.0%

Outside the US: DXIV 98% developed, 2% emerging. FDEV 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

DXIV7.2%
FDEV15.6%

Securities held

DXIV2,757
FDEV198

Asset class

DXIV: Equity
FDEV: Equity

Holdings

Only in DXIV2,594
In both163
Only in FDEV35

Only in DXIV

2,594 securities, 85.1% of DXIV by weight

Asml Holding NV1.07%
Shell PLC0.89%
Suncor Energy Inc.0.62%
Bp PLC0.61%
Nestle SA0.61%
Novartis AG Adr0.61%
Sony Group Corp0.48%
Canadian Natural Resource0.47%
Deutsche Telekom AG0.46%
Bayer AG0.46%
Orange SA0.41%
Toyota Motor Corp0.38%
Allianz SE0.36%
Swisscom AG0.35%
Bt Group PLC0.34%
Swiss Re AG0.32%
Rolls-Royce Holdings PLC0.32%
Tesco PLC0.32%
Advantest Corp0.31%
Tokio Marine Holdings Inc0.31%
Basf SE0.30%
Cenovus Energy Inc0.30%
Recruit Holdings Co Ltd0.30%
E.on SE0.30%
Astellas Pharma Inc0.29%
Tokyo Electron Ltd0.28%
Nutrien Ltd0.26%
Sunbelt Rentals Holdings0.26%
Gsk PLC0.26%
Astrazeneca PLC0.25%
Agnico Eagle Mines Ltd0.24%
Lloyds Banking Group PLC0.24%
Hitachi Ltd0.24%
Unilever PLC0.24%
Intact Financial Corp0.24%
Dhl AG0.23%
Cie De Saint-Gobain0.23%
Enel Spa0.22%
Siemens Energy AG0.22%
Suzuki Motor Corp0.22%
Barrick Mining Corp0.22%
Asr Nederland NV0.22%
Volvo Ab0.22%
Kinross Gold Corp0.21%
Unicredit Spa0.20%
Infineon Technologies AG0.20%
Nn Group NV0.20%
Kbc Group NV0.19%
Engie SA0.19%
Compass Group PLC0.19%

Only in FDEV

35 securities, 16.7% of FDEV by weight

Klepierre SA1.54%
Canadian Natl Resources Ltd1.32%
Suncor Energy Inc1.28%
Firstservice Corp1.27%
Unilever PLC Ord1.26%
Rightmove PLC1.03%
Cenovus Energy Inc1.01%
Autotrader Group PLC0.98%
Orkla Asa0.85%
Thomson Reuters Corp0.56%
Relx PLC0.52%
Wolters Kluwer NV0.48%
Cgi Inc Class A Sub Vtg0.40%
Industrivarden Ab Ser A0.34%
Getlink SE0.33%
Smiths Group PLC0.33%
Dassault Aviation SA0.30%
Raiffeisen Bank Interntnl AG0.30%
Power Corp of Canada Sub Vtg0.28%
Citizen Watch Co Ltd0.26%
Prudential PLC0.25%
Securities Lending Cf0.25%
Jardine Matheson Hld (Sg)0.22%
Great West Lifeco Inc0.22%
Restaurant Brands Intrntnl Inc0.20%
Kinross Gold Corp0.17%
Igm Financial Inc0.16%
Oceanagold Cor0.15%
Tower Semicondctr Ltd(Israel)0.14%
Nice Ltd0.14%
Logitech Intl SA Reg0.13%
Ust Bills 0% 11/12/260.02%
European Monetary Unit (Euro)<0.01%
Israel Sheckel<0.01%
Danish Kronen<0.01%

Weight gaps

The 100 widest of 163 Holdings in both funds.

Holding weights in DXIV and FDEV, widest gap first
Holding	More in DXIVMore in FDEV	DXIV	FDEV
Shell PLCSHEL.L	FDEV +1.69 points	0.14%	1.83%
Daito Trust Construction	FDEV +1.64 points	0.05%	1.69%
Hongkong Land Holdings Lt	FDEV +1.61 points	0.02%	1.63%
Novartis AG	FDEV +1.49 points	0.01%	1.50%
Asml Holding NV	FDEV +1.48 points	0.02%	1.50%
Astrazeneca PLCAZN.L	FDEV +1.41 points	0.03%	1.44%
Loblaw Cos Ltd	FDEV +1.14 points	0.03%	1.17%
Nexon Co Ltd	FDEV +1.13 points	0.01%	1.14%
Ly Corp	FDEV +1.04 points	0.03%	1.07%
Anheuser-Busch Inbev Sa/N	FDEV +0.97 points	0.12%	1.09%
Japan Tobacco Inc	FDEV +0.94 points	0.08%	1.02%
Shionogi & Co Ltd	FDEV +0.89 points	0.04%	0.93%
Vodafone Group PLCVOD.L	FDEV +0.86 points	0.16%	1.02%
Kddi Corp	FDEV +0.86 points	0.26%	1.12%
Quebecor Inc	FDEV +0.82 points	0.09%	0.91%
Toyo Suisan Kaisha Ltd	FDEV +0.82 points	0.02%	0.84%
Inpex Corp	FDEV +0.81 points	0.22%	1.03%
Carlsberg As	FDEV +0.81 points	0.05%	0.86%
Essity Ab	FDEV +0.80 points	0.07%	0.87%
Koninklijke Ahold Delhaiz	FDEV +0.80 points	0.12%	0.92%
Koninklijke Kpn NV	FDEV +0.79 points	0.23%	1.02%
Ono Pharmaceutical Co Ltd	FDEV +0.79 points	0.02%	0.81%
Toronto-Dominion Bank/The	FDEV +0.79 points	0.04%	0.83%
Roche Holding AG	FDEV +0.79 points	0.96%	1.75%
Var Energi Asa	FDEV +0.78 points	<0.01%	0.79%
Whitecap Resources Inc	FDEV +0.78 points	0.19%	0.97%
Royal Bank of Canada	FDEV +0.77 points	0.28%	1.05%
Hsbc Holdings PLCHSBA.L	FDEV +0.75 points	0.33%	1.08%
Equinor Asa	FDEV +0.71 points	0.16%	0.87%
Gsk PLCGSK.L	FDEV +0.70 points	0.05%	0.75%
Totalenergies SE	FDEV +0.70 points	0.68%	1.38%
Sanofi	FDEV +0.69 points	0.06%	0.75%
Fisher & Paykel Healthcar	FDEV +0.67 points	0.02%	0.69%
Imperial Brands PLCIMB.L	FDEV +0.67 points	0.22%	0.89%
Novo Nordisk A/S	FDEV +0.64 points	0.17%	0.81%
Banco Santander SA	FDEV +0.64 points	0.15%	0.79%
Itochu Corp	FDEV +0.61 points	0.04%	0.65%
Mitsui & Co Ltd	FDEV +0.60 points	<0.01%	0.60%
Reckitt Benckiser Group PRKT.L	FDEV +0.59 points	0.32%	0.91%
Repsol SA	FDEV +0.56 points	0.24%	0.80%
Oversea-Chinese Banking C	FDEV +0.54 points	0.08%	0.62%
Gaztransport Et Technigaz	FDEV +0.53 points	0.06%	0.59%
Macquarie Group Ltd	FDEV +0.50 points	<0.01%	0.51%
Merck Kgaa	FDEV +0.48 points	0.02%	0.50%
Haleon PLCHLN.L	FDEV +0.46 points	0.03%	0.49%
Bnp Paribas SA	FDEV +0.46 points	0.08%	0.54%
Sumitomo Corp	FDEV +0.46 points	<0.01%	0.46%
Canadian Imperial Bank of	FDEV +0.45 points	0.05%	0.50%
Smith & Nephew PLCSN.L	FDEV +0.45 points	0.02%	0.47%
Swedish Orphan Biovitrum	FDEV +0.45 points	0.03%	0.48%
Sumitomo Mitsui Trust	FDEV +0.40 points	0.05%	0.45%
Ucb SA	FDEV +0.39 points	0.25%	0.64%
Finning International Inc	FDEV +0.38 points	0.11%	0.49%
Manulife Financial Corp	FDEV +0.38 points	0.02%	0.40%
MS&AD Insurance Group Hol	FDEV +0.38 points	0.14%	0.52%
Ipsen SA	FDEV +0.37 points	0.04%	0.41%
77 Bank Ltd/The	FDEV +0.38 points	<0.01%	0.38%
Obic Co Ltd	FDEV +0.38 points	0.01%	0.39%
Boc Hong Kong Holdings Lt	FDEV +0.37 points	0.04%	0.41%
Orion Oyj	FDEV +0.37 points	0.16%	0.53%
Challenger Ltd	FDEV +0.37 points	0.04%	0.41%
Hachijuni Nagano Bank Ltd	FDEV +0.36 points	0.02%	0.38%
Daiwa Securities Group In	FDEV +0.35 points	0.04%	0.39%
Washington H Soul Pattins	FDEV +0.35 points	<0.01%	0.36%
Caixabank SA	FDEV +0.34 points	0.07%	0.41%
Israel Discount Bank Ltd	FDEV +0.34 points	0.02%	0.36%
Toyota Tsusho Corp	FDEV +0.34 points	0.06%	0.40%
Banco Bpm Spa	FDEV +0.34 points	0.05%	0.39%
Mebuki Financial Group In	FDEV +0.34 points	0.03%	0.37%
Medibank Pvt Ltd	FDEV +0.34 points	<0.01%	0.34%
Secom Co Ltd	FDEV +0.34 points	0.02%	0.36%
Kone Oyj	FDEV +0.33 points	0.10%	0.43%
Daishi Hokuetsu Financial	FDEV +0.34 points	0.04%	0.38%
Hokuhoku Financial Group	FDEV +0.33 points	0.03%	0.36%
Nordea Bank Abp	FDEV +0.33 points	0.14%	0.47%
Hirogin Holdings Inc	FDEV +0.33 points	0.04%	0.37%
Technology One Ltd	FDEV +0.32 points	0.03%	0.35%
Bank Leumi Le-Israel Bm	FDEV +0.32 points	0.09%	0.41%
Mizrahi Tefahot Bank Ltd	FDEV +0.32 points	0.02%	0.34%
Canon Inc	FDEV +0.32 points	0.02%	0.34%
Bper Banca	FDEV +0.32 points	0.11%	0.43%
Nordex SE	FDEV +0.31 points	0.07%	0.38%
Rio Tinto PLCRIO.L	FDEV +0.31 points	<0.01%	0.32%
Sojitz Corp	FDEV +0.31 points	0.02%	0.33%
Dai Nippon Printing Co Lt	FDEV +0.31 points	0.02%	0.33%
Kajima Corp	FDEV +0.30 points	0.03%	0.33%
Abn Amro Bank NV	FDEV +0.30 points	0.09%	0.39%
Knorr-Bremse AG	FDEV +0.30 points	0.05%	0.35%
Talanx AG	FDEV +0.30 points	0.06%	0.36%
Hannover Rueck SE	FDEV +0.30 points	0.11%	0.41%
Bank Hapoalim Bm	FDEV +0.29 points	0.10%	0.39%
Hochtief AG	FDEV +0.30 points	0.04%	0.34%
Sanwa Holdings Corp	FDEV +0.29 points	0.03%	0.32%
Atlas	FDEV +0.29 points	0.09%	0.38%
Agnico Eagle Mines Ltd	FDEV +0.29 points	0.02%	0.31%
Credit Agricole SA	FDEV +0.29 points	0.01%	0.30%
Kinden Corp	FDEV +0.29 points	<0.01%	0.30%
Aib Group PLC	FDEV +0.28 points	0.11%	0.39%
Gea Group AG	FDEV +0.28 points	0.15%	0.43%
First International Bank	FDEV +0.28 points	0.03%	0.31%

All 2,728 DXIV holdings⁠All 218 FDEV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DXIV vs FDEV Cost

Overpaying DXIV vs FDEV

$2,400

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DXIV 0.30%
$6,149
FDEV 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

DXIV 0.30%
FDEV 0.18%
Overpaying

Year by year

Year	DXIV	FDEV	Overpaying
10	$545	$328	$217
20	$2,113	$1,281	$832
30	$6,149	$3,749	$2,400

Expense ratio

0.30%DXIV
0.18%FDEV, cheaper

FDEV0.18%DXIV0.30%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

FDEV 3rd cheapest of 30 funds

DXIV 12th cheapest of 30 funds

DXIV vs FDEV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DXIV 2.43%; FDEV 3.27%, better
Payout (12M): DXIV $1.75; FDEV $1.22
Last payment: DXIV $0.29; FDEV $0.33
Ex-dividend: DXIV Sep 22, 2026; FDEV Sep 18, 2026
Paid on: DXIV Sep 24, 2026; FDEV Sep 22, 2026
Frequency: DXIV Quarterly; FDEV Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

DXIVQuarterly · 8 paymentsAll DXIV payments⁠

FDEVQuarterly · 31 paymentsAll FDEV payments⁠

DXIV vs FDEV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DXIV 12.3%since Oct 2024FDEV 10.5%
Return per unit of riskSharpe ratio, 3 years: DXIV 1.18since Oct 2024FDEV 1.31
Worst fallMax drawdown, 5 years: DXIV −13.7%since Sep 2024FDEV −27.9%
Market sensitivityBeta, 5 years: DXIV 0.48FDEV 0.65; Market = 1

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