FDEV vs UIVM

FDEVAFidelity International Multifactor ETF

UIVMCVictoryShares International Value Momentum 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.

UIVM Two screens that rarely agree, value and momentum, pointed at developed markets outside the US. Victory has run this rules-based blend since 2017, holding roughly 190 names instead of picking a side.

Stated mandate

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

UIVM The fund seeks international equity exposure through a rules-based index emphasizing securities with higher value and momentum characteristics within the MSCI World ex USA universe.

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.

• UIVM Buys the cheap and the strong at once: the index ranks developed ex-US stocks on both value and momentum, so neither screen runs the portfolio alone.
• Roughly 190 stocks drawn from the MSCI World ex USA universe, spread across developed markets outside the United States.
• Live since 2017 with a real asset base behind it, not a launch-week experiment fishing for its first shareholders.

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.

• UIVM The 0.39% fee sits near the middle of the international multifactor pack, and the cheapest rivals undercut it hard: INTF at 0.16%, FDEV at 0.18%, GSIE at 0.25%.
• Thinly traded for its category, so spreads and limit orders matter more here than with the group's giants.
• Payouts land on an irregular schedule rather than a fixed quarterly rhythm, which complicates income planning.

Full FDEV profile⁠

Full UIVM profile⁠