EWJV vs FIVA

EWJVBiShares MSCI Japan Value ETF

FIVABFidelity International Value Factor ETF

In short

EWJV Most international value funds spread the bet across the whole developed world. EWJV skips the buffet and orders one dish: cheap-looking large- and mid-cap Japanese stocks, roughly 110 of them, for 0.15% a year.

FIVA Value investing, passported. FIVA runs Fidelity's own rules-based value screen across international stocks and charges 0.18% a year to do it, well under what most of its peer group asks.

Stated mandate

EWJV The fund seeks to track large- and mid-capitalization Japanese equities with value characteristics and relatively lower valuations.

FIVA The fund seeks investment returns that generally track the Fidelity International Value Factor Index before fees and expenses.

Why people hold it

• EWJV At 0.15% a year, it is the cheapest fund in its international-value peer group, well under the group's typical fee and below broad rivals like DFIV and EFV.
• A clean single-country expression: the MSCI Japan Value Index screens large- and mid-cap Japanese equities for value characteristics and lower valuations, so the country call and the style call arrive together.ishares.com
• Plain index plumbing from iShares, running since 2019, and it has stayed close to the benchmark it advertises.
• One of the stronger builds in its cohort on cost and mandate discipline, sitting in the upper half of the international-value field.

• FIVA 0.18% a year undercuts most of the international value shelf, including heavyweights like EFV and DFIV.
• Exposure comes from a published rulebook, the Fidelity International Value Factor Index, not a manager's judgment call. Roughly 120 stocks, so the value tilt is a real one.fidelity.com
• Rates among the stronger implementations in its international value peer group.
• Live since 2018 and pays quarterly, with a full market cycle of record behind it.

Worth knowing

• EWJV One country, one style, roughly 110 names. Nothing in the portfolio cushions a stretch when Japan or value is out of fashion.
• Moderately traded, not a volume machine. Limit orders earn their keep on larger tickets.
• Distributions arrive once or twice a year rather than quarterly, so income lands in lumps.

• FIVA A value screen buys what looks cheap and passes on the pricey growth names, so results can wander well away from a plain international index in either direction.
• Mid-sized and moderately traded rather than a giant. Spreads can widen, so limit orders earn their keep on bigger tickets.
• The yardstick is Fidelity's in-house index, not a widely quoted MSCI or FTSE value benchmark, which makes apples-to-apples peer comparison a little more work.

Full EWJV profile⁠

Full FIVA profile⁠