FDEV vs IDYN: Grades, Fees and Holdings Compared

Fidelity International Multifactor ETF

FDEVACboe

iShares International Equity Factor Rotation Active ETF

IDYNDNYSE Arca

Overlap

20.4%by weight

Expense ratio

FDEV −0.28pt a year

FDEV0.18%IDYN0.46%

Avg volume · 30D

FDEV 1.7×the volume

FDEV27.9KIDYN16.4K

FDEV vs IDYN Performance

Nov 7, 2025 – Nov 9, 2026

+17.8%FDEV+13.2%IDYN

Expense ratio: FDEV 0.18%, better; IDYN 0.46%
Fund size: FDEV $284M; IDYN $110M
1Y total return: FDEV +17.8%, better; IDYN +13.2%
Yield (12M): FDEV 3.23%; IDYN No data
Holdings: FDEV 211; IDYN 220
Avg volume (30D): FDEV 27.9K sh, better; IDYN 16.4K sh
NAV per share: FDEV $37.28; IDYN $28.99
52W range

ETF.net Grade

Pillar letters and Scores for FDEV, IDYN, with each pillar’s weight
Pillar	FDEV	IDYN
Cost30% weight	A91Higher	F24
Mission25% weight	Not scored	Not scored
Risk15% weight	A76Higher	F23
Tradability15% weight	C54Higher	C51
Holdings10% weight	C47Higher	D33
Durability5% weight	C42Higher	D33

Rank among International Multifactor funds

How we build Categories ›

Same Category. FDEV and IDYN 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 IDYN 26th of 30 funds in the International Multifactor Category.

Rank 1ADFAIDimensional International Core Equity Market ETFScore 79
Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 75
Rank 4AFDEVFidelity International Multifactor ETFScore 71
Rank 4ARODMHartford Multifactor Developed Markets (ex-US) ETFScore 71
Rank 25DFEPFirst Trust Europe AlphaDEX FundScore 32
Rank 26DIDYNiShares International Equity Factor Rotation Active ETFScore 30
Rank 27DFEUZFirst Trust Eurozone AlphaDEX ETFScore 28

Our read on each fund

ETF.net Research

FDEVAFidelity International Multifactor ETF

IDYNDiShares International Equity Factor Rotation Active ETF

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.

IDYN No data

Stated mandate

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

IDYN No data

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.

IDYN No data

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.

IDYN No data

Full FDEV profile⁠

Full IDYN profile⁠

FDEV vs IDYN Holdings

How FDEV and IDYN differ

Overlap by weight

20.4%

Shared holdings make up 35.2% of IDYN and 28.0% of FDEV.

Level by level

Holdings47 in both20.4%
Sector11 Sectors69.0%
Countryby domicile77.1%
Asset classStocks100%

Sector

Sector weights in FDEV and IDYN, widest gap first
Sector	Gap	FDEV	IDYN
Energy	FDEV +12.2 points	12.2%	0.0%
Financials	IDYN +9.4 points	21.7%	31.1%
Industrials	IDYN +6.9 points	13.9%	20.8%
Utilities	IDYN +6.7 points	0.0%	6.7%
Real Estate	FDEV +5.5 points	6.3%	0.8%
Consumer Staples	FDEV +5.3 points	11.0%	5.7%
Technology	IDYN +4.9 points	5.8%	10.7%
Health Care	FDEV +4.5 points	13.8%	9.3%
Communication	FDEV +3.2 points	8.5%	5.3%
Materials	IDYN +3.1 points	3.3%	6.4%
Consumer Discretionary	FDEV +0.3 points	3.5%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in FDEV and IDYN, widest gap first
Country	Gap	FDEV	IDYN
Canada	FDEV +14.6 points	14.6%	0.0%
Japan	IDYN +4.1 points	21.7%	25.8%
Hong Kong	IDYN +3.4 points	0.5%	3.9%
Germany	IDYN +3.1 points	3.7%	6.8%
Spain	IDYN +2.9 points	3.0%	5.9%
Switzerland	IDYN +2.9 points	5.0%	7.9%
Italy	IDYN +2.4 points	1.7%	4.1%
United Kingdom	FDEV +2.3 points	15.9%	13.6%
Other countries (16)	FDEV +2.0 points	33.9%	31.9%

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

Concentration

Weight in the 10 largest Holdings

FDEV15.6%
IDYN21.1%

Securities held

FDEV198
IDYN206

Asset class

FDEV: Stocks
IDYN: Stocks

Holdings

Only in FDEV151
In both47
Only in IDYN159

Only in FDEV

151 securities, 71.6% of FDEV by weight

Daito Trust Construction1.80%
Shell PLC1.70%
Hongkong Land Hldgs Ltd1.64%
Firstservice Corp1.36%
Unilever PLC Ord1.31%
Totalenergies SE1.31%
Nexon Co Ltd1.21%
Loblaw Cos Ltd1.19%
Canadian Natl Resources Ltd1.18%
Suncor Energy Inc1.15%
Rightmove PLC1.13%
Quebecor Inc Class B Sub Vtg1.07%
Kpn (Kon) NV1.06%
Autotrader Group PLC1.04%
Royal Bank of Canada1.04%
Koninklijke Ahold Delhaize NV0.97%
Carlsberg As Class B0.96%
Shionogi & Co Ltd0.94%
Essity Ab B0.92%
Imperial Brands PLC0.92%
Orkla Asa0.89%
Inpex Corp0.87%
Japan Tobacco Inc0.87%
Cenovus Energy Inc0.87%
Ono Pharmaceutical Co Ltd0.86%
Novo-Nordisk As Class B0.85%
Whitecap Resources Inc0.82%
Repsol SA0.82%
Toyo Suisan Kaisha Ltd0.82%
Toronto-Dominion Bank0.80%
Gsk PLC0.79%
Equinor Asa0.78%
Fisher & Paykel Health (Nz)0.70%
Var Energi As0.67%
Gaztransport Et Techniga0.57%
Orion Oyj (New) B0.56%
Thomson Reuters Corp0.55%
Haleon PLC0.53%
Wolters Kluwer NV0.52%
Merck Kgaa0.50%
Swedish Orphan Biovitrum Ab0.49%
Macquarie Group Ltd0.49%
Smith & Nephew PLC0.49%
Canadian Imp Bk of Commerce0.49%
Nordea Bank Abp0.49%
Kone Oyj B0.47%
Fresenius Medical Care AG0.45%
Gea Group AG0.44%
Finning International Inc0.44%
Nordex SE0.43%

Only in IDYN

159 securities, 64.3% of IDYN by weight

Iberdrola2.21%
Enel1.65%
Assicurazioni Generali1.58%
Mitsubishi Ufj Financial Group1.51%
Tesco PLC1.47%
Mitsubishi1.31%
Edp Energias De Portugal1.31%
Dbs Group Holdings Ltd1.30%
Abb Ltd1.26%
Sap1.25%
Ubs Group AG1.22%
Banco Bilbao Vizcaya Argentaria1.16%
Axa SA1.14%
Investor Class B1.12%
SOUTH321.12%
Allianz1.06%
Dhl AG1.02%
Sumitomo Mitsui Financial Group1.02%
Recruit Holdings1.02%
Sitc International Holdings Ltd1.01%
Societe Generale SA0.87%
Fortum0.86%
Commonwealth Bank of Australia0.86%
Advantest0.85%
Barclays PLC0.83%
Mizuho Financial Group0.82%
Phoenix Financial Ltd0.81%
Compass Group PLC0.79%
Siemens Energy N AG0.79%
Tokio Marine Holdings0.77%
Tokyo Electron0.75%
Arcelormittal SA0.75%
Loreal SA0.74%
Hitachi0.71%
Telenor0.70%
Siemens N AG0.67%
Sompo Holdings0.67%
Elbit Systems0.66%
Deutsche Telekom N AG0.66%
Nokia0.62%
Mitsubishi Electric0.56%
Aia Group0.53%
A P Moller Maersk B0.52%
Sumitomo Metal Mining0.51%
Sun Hung Kai Properties Ltd0.50%
Carrefour SA0.50%
Daiichi Life Group0.50%
Toyota Motor0.49%
Central Japan Railway0.47%
Murata Manufacturing0.45%

Weight gaps

All 47 Holdings in both funds, largest gap first.

Holding weights in FDEV and IDYN, widest gap first
Holding	Gap	FDEV	IDYN
Asml Holding NV	IDYN +2.43 points	1.29%	3.72%
Klepierre SA	FDEV +1.52 points	1.62%	0.10%
Novartis AG (Reg)	IDYN +1.51 points	1.54%	3.05%
Yara International Asa	IDYN +1.21 points	0.21%	1.42%
Astrazeneca PLC (Uk)AZN.L	IDYN +1.15 points	1.55%	2.70%
Ly Corporation	FDEV +1.12 points	1.17%	0.05%
Banco Santander SA (Spain)	IDYN +0.81 points	0.81%	1.62%
Vinci SA	IDYN +0.76 points	0.44%	1.20%
MS&AD Insurance Grp Hldgs Inc	IDYN +0.69 points	0.49%	1.19%
Mitsui & Co Ltd	IDYN +0.63 points	0.55%	1.18%
Standard Chartered PLC (Uk)STAN.L	IDYN +0.62 points	0.33%	0.95%
Toyota Tsusho Corp	IDYN +0.60 points	0.34%	0.94%
Sanofi	FDEV +0.58 points	0.83%	0.25%
Itochu Corp	IDYN +0.57 points	0.63%	1.20%
Ucb SA	FDEV +0.55 points	0.67%	0.12%
Relx PLCREL.L	IDYN +0.54 points	0.54%	1.08%
Hsbc Holdings PLC (Uk Reg)HSBA.L	FDEV +0.50 points	1.10%	0.60%
Bnp Paribas (Fran)	IDYN +0.49 points	0.57%	1.06%
Caixabank SA	IDYN +0.48 points	0.44%	0.92%
Qbe Insurance Group Ltd	IDYN +0.48 points	0.44%	0.92%
Vodafone Group PLCVOD.L	IDYN +0.43 points	1.03%	1.46%
Poste Italiane Spa	FDEV +0.40 points	0.40%	<0.01%
Boc Hong Kong Holdings Ltd	IDYN +0.39 points	0.42%	0.81%
Bank Hapoalim Ltd (Reg)	FDEV +0.37 points	0.39%	0.02%
Ipsen Promesses	FDEV +0.34 points	0.43%	0.09%
Sumitomo Mitsui Tr Group Inc	FDEV +0.33 points	0.43%	0.10%
Credit Agricole SA	FDEV +0.28 points	0.31%	0.03%
Reckitt Benckiser Group PLCRKT.L	FDEV +0.28 points	0.98%	0.70%
Canon Inc	FDEV +0.27 points	0.34%	0.07%
Ck Hutchison Holdings Ltd	IDYN +0.25 points	0.27%	0.52%
Kddi Corp	FDEV +0.20 points	1.15%	0.95%
Sandvik Ab	FDEV +0.20 points	0.29%	0.09%
Fortescue Ltd	IDYN +0.19 points	0.10%	0.29%
Endeavour Mining PLCEDV.L	FDEV +0.19 points	0.23%	0.04%
Ericsson (Lm) Tele Co Class B	IDYN +0.17 points	0.18%	0.35%
Fresnillo PLCFRES.L	IDYN +0.17 points	0.20%	0.36%
Roche Holding AG	FDEV +0.13 points	1.73%	1.60%
Anheuser-Busch Inbev Sa/Nv	IDYN +0.12 points	1.18%	1.30%
Banco Bpm Spa	IDYN +0.12 points	0.39%	0.51%
Evolution Ab	FDEV +0.12 points	0.25%	0.13%
Raiffeisen Bank Interntnl AG	FDEV +0.10 points	0.31%	0.21%
Asm International NV (Neth)	FDEV +0.09 points	0.16%	0.07%
Logitech Intl SA Reg	FDEV +0.07 points	0.13%	0.06%
Tower Semicondctr Ltd(Israel)	IDYN +0.05 points	0.11%	0.16%
Oversea-Chinese Bkg Corp Ltd	FDEV +0.03 points	0.59%	0.56%
Prudential PLCPRU.L	FDEV +0.01 points	0.26%	0.25%
Ems-Chemie Holding AG	Same weight	0.22%	0.22%

All 218 FDEV holdings⁠All 206 IDYN 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 IDYN Cost

Overpaying IDYN vs FDEV

$5,481

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

FDEV 0.18%
$3,749
IDYN 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

FDEV 0.18%
IDYN 0.46%
Overpaying

Year by year

Year	FDEV	IDYN	Overpaying
10	$328	$830	$502
20	$1,281	$3,195	$1,914
30	$3,749	$9,230	$5,481

Expense ratio

0.18%FDEV, cheaper
0.46%IDYN

FDEV0.18%IDYN0.46%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

FDEV 3rd cheapest of 30 funds

IDYN 23rd cheapest of 30 funds

FDEV vs IDYN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FDEV 3.23%; IDYN No data
Payout (12M): FDEV $1.22; IDYN No data
Last payment: FDEV $0.33; IDYN $0.44
Ex-dividend: FDEV Sep 18, 2026; IDYN Jun 15, 2026
Paid on: FDEV Sep 22, 2026; IDYN Jun 18, 2026
Frequency: FDEV Quarterly; IDYN Twice a year

Distribution history

Per share, 2019 to 2026, same scale for both

FDEVQuarterly · 31 paymentsAll FDEV payments⁠

IDYNTwice a year · 2 paymentsAll IDYN payments⁠

FDEV vs IDYN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FDEV 10.5%IDYN 13.9%since Sep 2025
Return per unit of riskSharpe ratio, 3 years: FDEV 1.31IDYN 0.75since Sep 2025
Worst fallMax drawdown, 5 years: FDEV −27.9%IDYN −12.7%since Aug 2025
Market sensitivityBeta, 5 years: FDEV 0.65IDYN 0.72; Market = 1

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