FIDI vs IGRO: Grades, Fees and Holdings Compared

Fidelity International High Dividend ETF

FIDIANYSE Arca

iShares International Dividend Growth ETF

IGROACboe

Overlap

20.4%by weight

Expense ratio

IGRO −0.03pt a year

FIDI0.18%IGRO0.15%

Avg volume · 30D

FIDI 1.5×the volume

FIDI64KIGRO42.1K

5Y return · a year

FIDI +2.6pt

FIDI+11.9%IGRO+9.3%

FIDI vs IGRO Performance

Nov 2, 2021 – Nov 2, 2026

+75.5%FIDI+55.9%IGRO

Expense ratio: FIDI 0.18%; IGRO 0.15%, better
Fund size: FIDI $386M; IGRO $1.31B
1Y total return: FIDI +23.4%, better; IGRO +19.6%
Yield (12M): FIDI 4.25%, better; IGRO 2.61%
Holdings: FIDI 118; IGRO 576
Avg volume (30D): FIDI 64K sh, better; IGRO 42.1K sh
NAV per share: FIDI $28.96; IGRO $92.04
52W range

ETF.net Grade

Pillar letters and Scores for FIDI, IGRO, with each pillar’s weight
Pillar	FIDI	IGRO
Cost30% weight	A82	A85Higher
Mission25% weight	A96	A100Higher
Risk15% weight	A74Higher	B56
Tradability15% weight	B55	B64Higher
Holdings10% weight	C45	C54Higher
Durability5% weight	C49	B69Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. FIDI and IGRO are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

IGRO ranks 3rd and FIDI 6th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 78
Rank 3AIGROiShares International Dividend Growth ETFScore 77
Rank 3ASCHYSchwab International Dividend Equity ETFScore 77
Rank 5AHDEFXtrackers MSCI EAFE High Dividend Yield Equity ETFScore 76
Rank 6AFIDIFidelity International High Dividend ETFScore 74
Rank 6ALVHIFranklin International Low Volatility High Dividend Index ETFScore 74

Our read on each fund

ETF.net Research

FIDIAFidelity International High Dividend ETF

IGROAiShares International Dividend Growth ETF

In short

FIDI A rules-based hunt for dividend payers outside the US: roughly 120 developed-market names, quarterly cash, and a 0.18% fee that undercuts most of the international-dividend shelf.

IGRO Dividend growth, not dividend yield, taken overseas. IGRO tracks a Morningstar index of non-US companies with a habit of raising their payouts, spread across roughly 500 names, for a fee that undercuts most of the international dividend shelf.

Stated mandate

FIDI The fund seeks investment returns that generally track, before fees and expenses, the Fidelity International High Dividend Index. It normally invests at least 80% of assets in index securities or related depositary receipts.

IGRO The fund seeks to track an index of international stocks with a history of growing dividends, providing dividend-focused international equity exposure for income and long-term growth.

Why people hold it

FIDI Costs 0.18% a year against a 0.50% median for international dividend screens, so more of the income stays in the account.
Built to shadow the Fidelity International High Dividend Index, with at least 80% of assets in index names or their depositary receipts. Tracking has been close.fidelity.com
Pays quarterly from about 120 developed-market payers: a screened shortlist, not a sweep of every stock that happens to yield.
Running since 2018 and one of the stronger implementations in its international-dividend peer group.

IGRO Costs 0.15% a year, well under the typical fee for an international dividend screen.
Does what the label says: it follows the Morningstar Global ex-US Dividend Growth Index closely, one of the tightest index-to-portfolio matches in its peer group.
Roughly 500 non-US payers, so no single dividend carries the fund. Cash goes out quarterly.

Worth knowing

FIDI Cheap, not cheapest. VYMI (0.07%) and SCHY (0.08%) charge less for their own take on overseas dividends.
Moderately traded rather than a household-name giant, so spreads and limit orders deserve attention at the desk.
Developed markets only. Emerging-market dividend payers sit outside the mandate, and the payout arrives in foreign currencies before conversion.fidelity.com

IGRO It trades thin next to heavyweights like VYMI, so limit orders and calmer mid-session trading matter more here.
The screen targets payout growth, not the fattest yields, so income tends to run lighter than yield-first international funds.
Cheaper neighbors exist: VIGI at 0.07% and SCHY at 0.08%, though each tracks a different index with a different holdings list.

Full FIDI profile⁠

Full IGRO profile⁠

FIDI vs IGRO Holdings

How FIDI and IGRO differ

Overlap by weight

20.4%

Shared holdings make up 38.9% of IGRO and 26.3% of FIDI.

Level by level

Holdings27 in both20.4%
Countryby domicile78.0%
Asset classEquity100%

Sector

No Sector split for FIDI.

Country, concentration and asset class

Country by domicile

Country weights in FIDI and IGRO, widest gap first
Country	More in FIDIMore in IGRO	FIDI	IGRO
Switzerland	IGRO +8.9 points	5.2%	14.1%
France	FIDI +5.1 points	15.8%	10.7%
Norway	FIDI +4.9 points	4.9%	0.0%
Australia	FIDI +4.3 points	10.1%	5.8%
Taiwan	IGRO +3.6 points	0.0%	3.6%
China	IGRO +3.2 points	0.0%	3.2%
India	IGRO +1.9 points	0.0%	1.9%
Germany	FIDI +1.7 points	4.7%	3.0%
Other countries (12)	FIDI +1.3 points	59.2%	57.9%

Outside the US: FIDI 100% developed, 0% emerging. IGRO 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

FIDI28.5%
IGRO27.4%

Securities held

FIDI106
IGRO546

Asset class

FIDI: Equity
IGRO: Equity

Holdings

Only in FIDI79
In both27
Only in IGRO519

Only in FIDI

79 securities, 73.8% of FIDI by weight

Equinor Asa4.42%
Totalenergies SE3.68%
Canadian Natl Resources Ltd3.35%
Klepierre SA2.47%
Link Real Estate Investment Tr2.44%
Woodside Energy Group Ltd2.44%
Japan Tobacco Inc2.39%
Daito Trust Construction2.39%
Enbridge Inc2.37%
Naturgy Energy Group SA2.25%
Origin Energy Limited2.13%
Engie SA1.97%
Capital Power Corp1.87%
Honda Motor Co Ltd1.62%
Imperial Brands PLC1.57%
Wesfarmers Ltd1.49%
Renault SA Ord1.46%
Carrefour SA (Supermarche)1.35%
Pernod-Ricard1.33%
Hsbc Holdings PLC (Uk Reg)1.30%
Denso Corp1.27%
Mercedes-Benz Group AG (Gerw)1.24%
Allianz SE (Regd)1.02%
Taylor Wimpey PLC1.02%
Anz Group Holdings Ltd1.01%
Suncorp Group Ltd0.86%
Dhl AG0.85%
Dbs Group Holdings Ltd0.81%
Zurich Insurance Group AG0.79%
Mitsui Osk Lines Ltd0.78%
Kawasaki Kisen Kaisha Ltd0.77%
Kuehne & Nagel Intl AG Regd0.77%
Swedbank Ab A0.76%
Nippon Yusen Kabushiki Kaisha0.76%
Bank of Montreal0.76%
Bank of Nova Scotia0.75%
A P Moller - Maersk A/S B0.73%
Securities Lending Cf0.73%
Volvo Ab Ser B0.73%
Ing Groep NV0.73%
Munich Reinsurance (Reg)0.70%
Bnp Paribas (Fran)0.68%
Banca Monte Dei Pasch Sien Spa0.65%
Dnb Bank Asa0.62%
Legal & General Group PLC Ord0.61%
Daimler Truck Holding AG0.59%
Banco Bpm Spa0.56%
Nomura Holdings Inc0.56%
United Overseas Bank (Loc)0.56%
Daiwa Securities Group Inc0.53%

Only in IGRO

519 securities, 60.4% of IGRO by weight

Taiwan Semiconductor Manufacturing2.80%
Iberdrola2.26%
Westpac Banking Corporation1.68%
National Australia Bank1.67%
Ubs Group AG1.20%
Sumitomo Mitsui Financial Group1.19%
Canadian Imperial Bank of Commerce1.18%
Lair Liquide Societe Anonyme Pour1.10%
Aia Group1.08%
Eni1.07%
Manulife Financial0.99%
Loreal SA0.96%
Infosys0.96%
Schneider Electric0.89%
Compagnie Financiere Richemont SA0.76%
Firstrand Ltd0.69%
Mizuho Financial Group0.67%
Bae Systems PLC0.66%
Sun Life Financial Inc0.66%
E.on N0.66%
Mitsui0.62%
Swiss Life Holding AG0.55%
Nn Group0.51%
Veolia Environ. SA0.47%
Hitachi0.46%
London Stock Exchange Group PLC0.44%
Netease0.44%
Fortis0.43%
Power Corporation of Canada0.43%
Deutsche Boerse AG0.42%
Publicis Groupe0.41%
Michelin0.41%
Bank Central Asia0.38%
Givaudan SA0.38%
Koninklijke Kpn NV0.37%
Marubeni0.37%
Wolters Kluwer0.36%
China Merchants Bank H0.35%
MS&AD Insurance Group Holdings0.34%
Astellas Pharma0.34%
Kweichow Moutai A0.34%
Snam0.33%
Sony Group0.33%
Assa Abloy B0.33%
Ntt0.32%
Cimb Group Holdings0.32%
Intact Financial Corp0.30%
Sompo Holdings0.30%
Atlas Copco Class A0.30%
Agnico Eagle Mines0.30%

Weight gaps

All 27 Holdings in both funds, largest gap first.

Holding weights in FIDI and IGRO, widest gap first
Holding	More in FIDIMore in IGRO	FIDI	IGRO
Roche Holding AG	IGRO +2.76 points	0.45%	3.21%
Novartis AG (Reg)	IGRO +2.73 points	0.40%	3.13%
Sanofi	IGRO +2.15 points	0.20%	2.35%
Novo-Nordisk As Class B	IGRO +1.92 points	0.22%	2.14%
Firstservice Corp	FIDI +1.57 points	1.59%	0.02%
Royal Bank of Canada	IGRO +1.57 points	1.20%	2.77%
Coles Group Ltd	FIDI +1.38 points	1.65%	0.27%
Toronto-Dominion Bank	IGRO +1.25 points	1.04%	2.29%
British American Tobacco PLCBATS.L	IGRO +1.20 points	2.10%	3.30%
Sekisui House Ltd	FIDI +1.15 points	1.35%	0.20%
Sap SE	IGRO +1.11 points	0.24%	1.35%
Axa SA	IGRO +1.08 points	0.69%	1.77%
Mitsubishi Ufj Finl Grp Inc	IGRO +0.69 points	1.25%	1.94%
Vinci SA	IGRO +0.59 points	0.55%	1.14%
Csl Limited	IGRO +0.59 points	0.14%	0.73%
Dcc Energy PLCDCC.L	FIDI +0.55 points	0.66%	0.11%
Nestle SA (Reg)	IGRO +0.55 points	2.61%	3.16%
Enel Spa	FIDI +0.37 points	2.25%	1.88%
Canadian Natl Railway Co	FIDI +0.32 points	0.95%	0.63%
Komatsu Ltd	FIDI +0.20 points	0.50%	0.30%
Itochu Corp	FIDI +0.16 points	0.81%	0.65%
Toyota Motor Corp	IGRO +0.13 points	1.93%	2.06%
Open Text Corporation	FIDI +0.08 points	0.21%	0.13%
Aviva PLCAV.L	IGRO +0.08 points	0.63%	0.71%
Relx PLCREL.L	FIDI +0.04 points	0.86%	0.82%
Tokio Marine Holdings Inc	IGRO +0.02 points	0.95%	0.97%
Mitsubishi Corp	FIDI +0.01 points	0.84%	0.83%

All 118 FIDI holdings⁠All 547 IGRO 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.

FIDI vs IGRO Cost

Overpaying FIDI vs IGRO

$612

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

FIDI 0.18%
$3,749
IGRO 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

FIDI 0.18%
IGRO 0.15%
Overpaying

Year by year

Year	FIDI	IGRO	Overpaying
10	$328	$274	$54
20	$1,281	$1,071	$210
30	$3,749	$3,137	$612

Expense ratio

0.18%FIDI
0.15%IGRO, cheaper

IGRO0.15%FIDI0.18%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

IGRO 6th cheapest of 34 funds

FIDI 7th cheapest of 34 funds

FIDI vs IGRO Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FIDI 4.25%, better; IGRO 2.61%
Payout (12M): FIDI $1.23; IGRO $2.41
Last payment: FIDI $0.29; IGRO $0.43
Ex-dividend: FIDI Sep 18, 2026; IGRO Sep 15, 2026
Paid on: FIDI Sep 22, 2026; IGRO Sep 18, 2026
Frequency: FIDI Quarterly; IGRO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FIDIQuarterly · 35 paymentsAll FIDI payments⁠

IGROQuarterly · 40 paymentsAll IGRO payments⁠

FIDI vs IGRO Risk

Fall from peak · 5 years

FIDI
IGRO

Risk facts

VolatilityStd dev, 3 years: FIDI 11.7%IGRO 11.1%, better
Return per unit of riskSharpe ratio, 3 years: FIDI 1.46, betterIGRO 1.32
Worst fallMax drawdown, 5 years: FIDI −26.0%IGRO −26.0%
Market sensitivityBeta, 5 years: FIDI 0.73IGRO 0.74; Market = 1

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