FDEV vs FDT: Grades, Fees and Holdings Compared

Fidelity International Multifactor ETF

FDEVACboe

First Trust Developed Markets ex-US AlphaDEX Fund

FDTDNasdaq

Overlap

13.8%by weight

Expense ratio

FDEV −0.62pt a year

FDEV0.18%FDT0.80%

Avg volume · 30D

FDT 4.2×the volume

FDEV29.3KFDT122K

5Y return · a year

FDT +3.5pt

FDEV+7.8%FDT+11.3%

FDEV vs FDT Performance

Oct 29, 2021 – Oct 30, 2026

+45.8%FDEV+70.4%FDT

Expense ratio: FDEV 0.18%, better; FDT 0.80%
Fund size: FDEV $276M; FDT $1.35B
1Y total return: FDEV +16.6%; FDT +18.5%, better
Yield (12M): FDEV 3.27%, better; FDT 3.10%
Holdings: FDEV 210; FDT 313
Avg volume (30D): FDEV 29.3K sh; FDT 122K sh, better
NAV per share: FDEV $37.31; FDT $88.49
52W range

ETF.net Grade

Pillar letters and Scores for FDEV, FDT, with each pillar’s weight
Pillar	FDEV	FDT
Cost30% weight	A91Higher	F5
Mission25% weight	Not scored	Not scored
Risk15% weight	A78Higher	D29
Tradability15% weight	B59	A75Higher
Holdings10% weight	C48	A79Higher
Durability5% weight	C42	A71Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. FDEV and FDT 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 FDT 21st 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 20CJHMDJohn Hancock Multifactor Developed International ETFScore 45
Rank 21DFDTFirst Trust Developed Markets ex-US AlphaDEX FundScore 38
Rank 21DRWINRayliant NxtGen Multifactor International Equity ETFScore 38

Our read on each fund

ETF.net Research

FDEVAFidelity International Multifactor ETF

FDTDFirst Trust Developed Markets ex-US AlphaDEX Fund

In short

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.

FDT A 2011-vintage quant screen pointed at developed markets outside the US: rank stocks on growth and value signals, hold roughly 300 of them, ignore market cap. That conviction costs more than most multifactor rivals.

Stated mandate

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

FDT The Fund seeks investment results that generally correspond to the price and yield of the Nasdaq AlphaDEX® Developed Markets Ex-USTM Index before fees and expenses.

Why people hold it

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.

FDT Not a cap-weighted index in a costume. The AlphaDEX screen ranks developed ex-US stocks on growth and value measures, then holds roughly 300 of the survivors.ftportfolios.com
Running since 2011, so this is a long live record for the strategy overseas, not a backtest with a ticker attached.
A multi-billion-dollar fund with moderate trading activity, and it distributes on a quarterly schedule.

Worth knowing

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.

FDT At 0.80% a year, it charges more than double the 0.38% median for international multifactor funds. INTF (0.16%) and FDEV (0.18%) run similar ideas for far less.
That fee is the main reason it lands in the lower half of its international multifactor peer group, despite sound plumbing and a deep asset base.
A growth-and-value screen builds a portfolio that can look nothing like a standard developed-markets index, so its path will diverge from EAFE-style funds.ftportfolios.com

Full FDEV profile⁠

Full FDT profile⁠

FDEV vs FDT Holdings

How FDEV and FDT differ

Overlap by weight

13.8%

Shared holdings make up 24.2% of FDEV and 17.3% of FDT.

Level by level

Holdings47 in both13.8%
Sector11 Sectors59.3%
Countryby domicile62.4%
Asset classEquity100%

Sector

Sector weights in FDEV and FDT, widest gap first
Sector	More in FDEVMore in FDT	FDEV	FDT
Industrials	FDT +18.5 points	14.5%	33.0%
Financials	FDEV +12.9 points	24.0%	11.1%
Health Care	FDEV +11.9 points	13.3%	1.4%
Consumer Discretionary	FDT +7.4 points	3.5%	10.9%
Communication	FDEV +5.8 points	8.5%	2.7%
Consumer Staples	FDEV +5.7 points	8.3%	2.6%
Materials	FDT +5.4 points	3.7%	9.1%
Utilities	FDT +5.0 points	0.0%	5.0%
Technology	FDT +4.5 points	6.2%	10.7%
Energy	FDEV +2.5 points	11.5%	9.0%
Real Estate	FDEV +1.8 points	6.4%	4.6%

Country, concentration and asset class

Country by domicile

Country weights in FDEV and FDT, widest gap first
Country	More in FDEVMore in FDT	FDEV	FDT
Japan	FDT +12.8 points	22.4%	35.1%
South Korea	FDT +8.8 points	0.0%	8.8%
Canada	FDEV +8.7 points	14.9%	6.2%
United Kingdom	FDEV +8.4 points	15.5%	7.1%
China	FDT +7.7 points	0.4%	8.1%
France	FDEV +5.7 points	7.6%	1.9%
Switzerland	FDEV +4.1 points	5.0%	0.9%
Netherlands	FDEV +3.2 points	4.5%	1.3%
Other countries (19)	FDT +0.9 points	29.7%	30.6%

Outside the US: FDEV 97% developed, 3% emerging. FDT 80% developed, 20% emerging.

Concentration

Weight in the 10 largest Holdings

FDEV15.6%
FDT6.2%

Securities held

FDEV198
FDT301

Asset class

FDEV: Equity
FDT: Equity

Holdings

Only in FDEV151
In both47
Only in FDT254

Only in FDEV

151 securities, 75.3% of FDEV by weight

Roche Holding AG1.75%
Daito Trust Construction1.69%
Hongkong Land Hldgs Ltd1.63%
Novartis AG (Reg)1.50%
Asml Holding NV1.50%
Astrazeneca PLC (Uk)1.44%
Canadian Natl Resources Ltd1.32%
Firstservice Corp1.27%
Unilever PLC Ord1.26%
Loblaw Cos Ltd1.17%
Nexon Co Ltd1.14%
Kddi Corp1.12%
Anheuser-Busch Inbev Sa/Nv1.09%
Hsbc Holdings PLC (Uk Reg)1.08%
Ly Corporation1.07%
Royal Bank of Canada1.05%
Rightmove PLC1.03%
Japan Tobacco Inc1.02%
Kpn (Kon) NV1.02%
Autotrader Group PLC0.98%
Koninklijke Ahold Delhaize NV0.92%
Reckitt Benckiser Group PLC0.91%
Quebecor Inc Class B Sub Vtg0.91%
Imperial Brands PLC0.89%
Essity Ab B0.87%
Carlsberg As Class B0.86%
Orkla Asa0.85%
Toyo Suisan Kaisha Ltd0.84%
Toronto-Dominion Bank0.83%
Ono Pharmaceutical Co Ltd0.81%
Novo-Nordisk As Class B0.81%
Banco Santander SA (Spain)0.79%
Gsk PLC0.75%
Sanofi0.75%
Fisher & Paykel Health (Nz)0.69%
Itochu Corp0.65%
Ucb SA0.64%
Oversea-Chinese Bkg Corp Ltd0.62%
Mitsui & Co Ltd0.60%
Gaztransport Et Techniga0.59%
Thomson Reuters Corp0.56%
Bnp Paribas (Fran)0.54%
Orion Oyj (New) B0.53%
Relx PLC0.52%
Macquarie Group Ltd0.51%
Canadian Imp Bk of Commerce0.50%
Merck Kgaa0.50%
Haleon PLC0.49%
Finning International Inc0.49%
Wolters Kluwer NV0.48%

Only in FDT

254 securities, 82.6% of FDT by weight

Sofina S.A.0.65%
Orient Overseas (International) Limited0.65%
Power Assets Holdings Limited0.63%
Investor AB (Class B)0.62%
Central Japan Railway Company0.62%
Standard Life PLC0.62%
Seiko Group Corporation0.61%
Basf SE0.61%
Suzuki Motor Corporation0.61%
ENEOS Holdings, Inc.0.60%
Nippon Express Holdings Co., Ltd.0.60%
Trip.com Group Limited0.59%
Ramsay Health Care Limited0.59%
ENN Energy Holdings Limited0.59%
BCE Inc.0.58%
Industrivarden AB (Class C)0.58%
JD Logistics, Inc.0.58%
Seiko Epson Corporation0.57%
ARCHION Corporation0.56%
Hankook Tire Co., Ltd.0.56%
WH Group Limited0.56%
A.P. Moeller - Maersk A/S (Class B)0.56%
Idemitsu Kosan Co., Ltd.0.56%
Yamaha Motor Co., Ltd.0.56%
Daiichi Life Group, Inc.0.55%
Motor Oil (Hellas) Corinth Refineries S.A.0.55%
China Hongqiao Group Ltd.0.55%
3i Group Plc0.55%
Vonovia SE0.55%
Japan Post Holdings Co., Ltd.0.54%
Sumitomo Pharma Co., Ltd.0.53%
JD Sports Fashion Plc0.53%
Teleperformance SE0.52%
Macnica Holdings, Inc.0.52%
Ampol Limited0.51%
Shenzhou International Group Holdings Limited0.51%
B2Gold Corp.0.51%
Aker ASA (Class A)0.51%
SK Innovation Co., Ltd.0.51%
Sumitomo Heavy Industries, Ltd.0.51%
Indra Sistemas, S.A.0.51%
The Yokohama Rubber Company, Ltd.0.51%
TCL Electronics Holdings Limited0.50%
The GPT Group0.50%
Mitsui O.S.K. Lines, Ltd.0.50%
Kuaishou Technology0.50%
Kia Corporation0.49%
Rogers Communications Inc. (Class B)0.49%
Lion Finance Group PLC0.49%
Legal & General Group Plc0.49%

Weight gaps

All 47 Holdings in both funds, largest gap first.

Holding weights in FDEV and FDT, widest gap first
Holding	More in FDEVMore in FDT	FDEV	FDT
Shell PLCSHEL.L	FDEV +1.43 points	1.83%	0.40%
Klepierre SA	FDEV +1.20 points	1.54%	0.34%
Totalenergies SE	FDEV +1.12 points	1.38%	0.26%
Suncor Energy Inc	FDEV +1.01 points	1.28%	0.27%
Cenovus Energy Inc	FDEV +0.89 points	1.01%	0.12%
Whitecap Resources Inc	FDEV +0.57 points	0.97%	0.40%
Vodafone Group PLCVOD.L	FDEV +0.56 points	1.02%	0.46%
Inpex Corp	FDEV +0.51 points	1.03%	0.52%
Equinor Asa	FDEV +0.46 points	0.87%	0.41%
Shionogi & Co Ltd	FDEV +0.44 points	0.93%	0.49%
Computacenter PLCCCC.L	FDT +0.41 points	0.13%	0.54%
Buzzi Spa	FDT +0.41 points	0.20%	0.61%
Var Energi As	FDEV +0.36 points	0.79%	0.43%
Yara International Asa	FDT +0.36 points	0.21%	0.57%
Brother Industries	FDT +0.26 points	0.32%	0.58%
Oceanagold Cor	FDT +0.26 points	0.15%	0.41%
Sumitomo Corp	FDEV +0.24 points	0.46%	0.22%
Ageas Sa/Nv	FDEV +0.23 points	0.35%	0.12%
Niterra Co Ltd	FDT +0.23 points	0.19%	0.42%
Sojitz Corporation	FDEV +0.23 points	0.33%	0.10%
Repsol SA	FDEV +0.21 points	0.80%	0.59%
Fortescue Ltd	FDT +0.21 points	0.10%	0.31%
Fresenius Medical Care AG	FDEV +0.21 points	0.44%	0.23%
Ck Hutchison Holdings Ltd	FDT +0.20 points	0.25%	0.45%
Manulife Financial Corp (Cana)	FDEV +0.16 points	0.40%	0.24%
Toyota Tsusho Corp	FDT +0.14 points	0.40%	0.54%
Balfour Beatty PLCBBY.L	FDT +0.14 points	0.30%	0.44%
Dpm Metals Inc	FDT +0.14 points	0.14%	0.28%
Sumitomo Mitsui Tr Group Inc	FDEV +0.13 points	0.45%	0.32%
Hokuhoku Financial Group Inc	FDT +0.11 points	0.36%	0.47%
Sekisui House Ltd	FDT +0.11 points	0.25%	0.36%
MS&AD Insurance Grp Hldgs Inc	FDT +0.10 points	0.52%	0.62%
Washington H Soul Pattinson &	FDT +0.09 points	0.36%	0.45%
Raiffeisen Bank Interntnl AG	FDEV +0.09 points	0.30%	0.21%
Sekisui Chemical Co Ltd	FDEV +0.08 points	0.32%	0.24%
Hachijuni Nagano Bank Ltd	FDEV +0.08 points	0.38%	0.29%
Kinross Gold Corp	FDEV +0.07 points	0.17%	0.10%
Daiwa Securities Group Inc	FDEV +0.06 points	0.39%	0.33%
Ricoh Co Ltd	FDT +0.05 points	0.33%	0.38%
Hirogin Holdings Inc	FDT +0.04 points	0.37%	0.41%
Mebuki Financial Group Inc	FDT +0.03 points	0.37%	0.40%
Power Corp of Canada Sub Vtg	FDEV +0.03 points	0.28%	0.25%
Seventy Seventh Bank	FDT +0.02 points	0.38%	0.40%
Smiths Group PLCSMIN.L	FDT +0.01 points	0.33%	0.34%
Daishi Hokuetsu Financial Grou	FDT +0.01 points	0.38%	0.39%
Mercedes-Benz Group AG (Gerw)	Same weight	0.23%	0.23%
Oji Holdings Corp	FDEV +0.01 points	0.23%	0.22%

All 218 FDEV holdings⁠All 301 FDT 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.

FDEV vs FDT Cost

Overpaying FDT vs FDEV

$11,597

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

FDEV 0.18%
$3,749
FDT 0.80%
$15,346

Amount$10,000

Years30 years

Cost over time

FDEV 0.18%
FDT 0.80%
Overpaying

Year by year

Year	FDEV	FDT	Overpaying
10	$328	$1,422	$1,094
20	$1,281	$5,393	$4,112
30	$3,749	$15,346	$11,597

Expense ratio

0.18%FDEV, cheaper
0.80%FDT

FDEV0.18%FDT0.80%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

FDEV 3rd cheapest of 30 funds

FDT 27th cheapest of 30 funds

FDEV vs FDT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FDEV 3.27%, better; FDT 3.10%
Payout (12M): FDEV $1.22; FDT $2.75
Last payment: FDEV $0.33; FDT $0.53
Ex-dividend: FDEV Sep 18, 2026; FDT Sep 24, 2026
Paid on: FDEV Sep 22, 2026; FDT Sep 30, 2026
Frequency: FDEV Quarterly; FDT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDEVQuarterly · 31 paymentsAll FDEV payments⁠

FDTQuarterly · 39 paymentsAll FDT payments⁠

FDEV vs FDT Risk

Fall from peak · 5 years

FDEV
FDT

Risk facts

VolatilityStd dev, 3 years: FDEV 10.5%, betterFDT 16.7%
Return per unit of riskSharpe ratio, 3 years: FDEV 1.31, betterFDT 1.27
Worst fallMax drawdown, 5 years: FDEV −27.9%, betterFDT −31.6%
Market sensitivityBeta, 5 years: FDEV 0.65FDT 1.10; Market = 1

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