Fidelity Targeted International Factor ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index. |
Category | International Equities |
Fund Sponsor | Fidelity |
Website | institutional.fidelity.com |
Inception date | Feb 26, 2019 |
Assets (mns) | $11 |
Currency | USD |
Expense ratio | 39 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 198 |
Wgt avg mkt cap (mns) | $49,224 |
Large cap (>$10bn) | 65.3% |
Mid cap ($2-10bn) | 33.7% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
NESTLE SA-REG | 2.1 % |
ROCHE HOLDING AG-GENUSSCHEIN | 1.7 % |
NOVARTIS AG-REG | 1.6 % |
ENEL SPA | 1.5 % |
OSAKA GAS CO LTD | 1.3 % |
UNILEVER PLC | 1.3 % |
DAITO TRUST CONSTRUCT CO LTD | 1.2 % |
ADVANCE RESIDENCE INVESTMENT | 1.2 % |
KDDI CORPORATION | 1.2 % |
SNAM RETE GAS | 1.2 % | Total | 14.3 % |
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JAPAN | 24.3 % |
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BRITAIN | 11.5 % |
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SWITZERLAND | 11.4 % |
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GERMANY | 7.7 % |
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CANADA | 6.9 % |
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FRANCE | 6.7 % |
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AUSTRALIA | 4.9 % |
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ITALY | 4.2 % |
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SWEDEN | 3.4 % |
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DENMARK | 3.2 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-1.7% | 13.9% | -- | -- | 6.2% |
versus... | Beta | R-squared |
S&P500 | 0.71 | 84% |
MSCI EAFE | 0.72 | 94% |
MSCI Emg. Mkts. | 0.55 | 65% |
Recent close | $27.13 |
30d moving avg. | $27.93 |
Annualized volatility | 15.6% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 45 |
Avg. volume (thou.) | 3 |
Turnover | 0.8% |
Bid/Ask (% of price) | 0.47% |
ADV underlying (mns) | $14,984 |
FINDING ALTERNATIVE FUNDS
Below is a list of 97 potential alternatives to the Fidelity Targeted International Factor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FDEV | Expense: | 39 bp | ALTAR Score™: | 5.9% |
Ticker | Fund Name |
Overlap1 vs FDEV (%) |
Expense ratio (bp) |
Savings vs FDEV (bp) |
ALTAR Score™ (%) |
ALTAR vs FDEV (%) |
DFAI | Dimensional International Core Equity Market ETF | 54.3 | 18 | 21 | 6.3 | +0.4 |
RESD | WisdomTree International ESG Fund | 33.9 | 30 | 9 | 6.5 | +0.6 |
QEFA | SPDR MSCI EAFE Quality Mix ETF | 33.4 | 30 | 9 | 6.1 | +0.1 |
IQLT | iShares Edge MSCI Intl Quality Factor ETF | 32.1 | 30 | 9 | 5.4 | -0.5 |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 31.8 | 25 | 14 | 6.1 | +0.2 |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 31.6 | 25 | 14 | 6.1 | +0.1 |
EFAV | iShares Edge MSCI Min Vol EAFE ETF | 30.4 | 20 | 19 | 5.1 | -0.8 |
DWMF | WisdomTree International Multifactor Fund | 30.2 | 38 | 1 | 6.2 | +0.3 |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility Id | 29.5 | 32 | 7 | 6.0 | +0.1 |
PDEV | Principal International Multi-Factor Core Index ETF | 28.8 | 25 | 14 | 6.9 | +1.0 |
BKIE | BNY Mellon International Equity ETF | 28.7 | 4 | 35 | 6.6 | +0.7 |
DOL | WisdomTree International LargeCap Dividend Fund | 28.5 | 48 | -9 | 7.2 | +1.2 |
RBIN | Nationwide Risk-Based International Equity ETF | 28.0 | 42 | -3 | 5.9 | -0.0 |
RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 27.9 | 29 | 10 | 7.3 | +1.4 |
DWM | WisdomTree International Equity Fund | 27.4 | 48 | -9 | 7.2 | +1.2 |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 27.2 | 45 | -6 | 6.4 | +0.4 |
CIL | VictoryShares International Volatility Weighted Index ETF | 27.2 | 45 | -6 | 6.3 | +0.4 |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 27.0 | 40 | -1 | 7.3 | +1.3 |
ESGD | iShares MSCI EAFE ESG Optimized ETF | 26.9 | 20 | 19 | 6.2 | +0.3 |
EFA | iShares MSCI EAFE ETF | 26.9 | 32 | 7 | 6.2 | +0.3 |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 26.6 | 20 | 19 | 6.3 | +0.3 |
FLEE | Franklin FTSE Europe ETF | 26.2 | 9 | 30 | 6.5 | +0.5 |
FLEH | Franklin FTSE Europe Hedged ETF | 26.2 | 9 | 30 | 6.5 | +0.5 |
GSID | Goldman Sachs MarketBeta International Equity ETF | 26.1 | 20 | 19 | 6.3 | +0.4 |
BBEU | JPMorgan BetaBuilders Europe ETF | 26.1 | 9 | 30 | 6.7 | +0.7 |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 26.0 | 35 | 4 | 6.1 | +0.2 |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 25.9 | 45 | -6 | 6.1 | +0.1 |
IQSI | IQ Candriam ESG International Equity ETF | 25.7 | 15 | 24 | 6.3 | +0.4 |
IEV | iShares Europe ETF | 25.7 | 59 | -20 | 6.1 | +0.2 |
IDHQ | Invesco S&P International Developed Quality ETF | 25.5 | 29 | 10 | 5.2 | -0.8 |
TPIF | Timothy Plan International ETF | 25.3 | 62 | -23 | 6.0 | +0.1 |
VWID | Virtus WMC International Dividend ETF | 25.3 | 49 | -10 | 7.5 | +1.6 |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 25.2 | 20 | 19 | 6.5 | +0.5 |
FIVA | Fidelity International Value Factor ETF | 25.2 | 39 | 0 | 8.6 | +2.6 |
IEUR | iShares Core MSCI Europe ETF | 25.2 | 9 | 30 | 6.5 | +0.6 |
SCHF | Schwab International Equity ETF | 25.2 | 6 | 33 | 6.5 | +0.6 |
RFDI | First Trust Riverfront Dynamic Developed International ETF | 25.0 | 83 | -44 | 5.4 | -0.5 |
RNDM | First Trust Developed International Equity Select ETF | 25.0 | 65 | -26 | 5.7 | -0.3 |
EFG | iShares MSCI EAFE Growth ETF | 24.8 | 40 | -1 | 4.0 | -1.9 |
SPEU | SPDR Portfolio Europe ETF | 24.8 | 9 | 30 | 6.6 | +0.6 |
IDEV | iShares Core MSCI International Developed Markets ETF | 24.2 | 5 | 34 | 6.4 | +0.5 |
PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 24.0 | 7 | 32 | 6.5 | +0.6 |
UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 23.9 | 35 | 4 | 7.8 | +1.8 |
JHMD | John Hancock Multifactor Developed International ETF | 23.9 | 39 | 0 | 6.4 | +0.5 |
VGK | Vanguard FTSE Europe ETF | 23.8 | 8 | 31 | 6.6 | +0.7 |
IEFA | iShares Core MSCI EAFE ETF | 23.7 | 7 | 32 | 6.4 | +0.5 |
IQDE | FlexShares International Quality Dividend Defensive Index ET | 23.4 | 47 | -8 | 8.2 | +2.3 |
IDLV | Invesco S&P International Developed Low Volatility ETF | 23.2 | 25 | 14 | 6.2 | +0.3 |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 23.1 | 39 | 0 | 5.6 | -0.3 |
IMTM | iShares Edge MSCI Intl Momentum Factor ETF | 23.0 | 30 | 9 | 3.9 | -2.0 |
SPDW | SPDR Portfolio Developed World ex-US ETF | 22.7 | 4 | 35 | 6.2 | +0.3 |
HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 22.7 | 80 | -41 | 5.9 | +0.0 |
IGRO | iShares International Dividend Growth ETF | 22.6 | 15 | 24 | 7.1 | +1.2 |
EUDG | WisdomTree Europe Quality Dividend Growth Fund | 22.5 | 58 | -19 | 6.6 | +0.6 |
DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 22.3 | 24 | 15 | 6.6 | +0.7 |
VEA | Vanguard FTSE Developed Markets ETF | 22.2 | 5 | 34 | 6.5 | +0.6 |
VSGX | Vanguard ESG International Stock ETF | 22.0 | 17 | 22 | 6.3 | +0.4 |
EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 22.0 | 14 | 25 | 6.0 | +0.1 |
CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 21.9 | 35 | 4 | 6.0 | +0.1 |
DMXF | iShares ESG Advanced MSCI EAFE ETF | 21.7 | 12 | 27 | 5.9 | +0.0 |
PQIN | PGIM QMA Strategic Alpha International Equity ETF | 21.6 | 29 | 10 | 7.1 | +1.2 |
TTAI | TrimTabs All Cap International Free-Cash-Flow ETF | 21.5 | 61 | -22 | 4.2 | -1.8 |
QINT | American Century Quality Diversified International ETF | 21.4 | 39 | 0 | 6.5 | +0.6 |
IQDF | FlexShares International Quality Dividend Index Fund | 21.1 | 47 | -8 | 8.3 | +2.3 |
INTF | iShares Edge MSCI Multifactor Intl ETF | 21.1 | 30 | 9 | 7.5 | +1.6 |
JPIN | JPMorgan Diversified Return International Equity ETF | 20.7 | 37 | 2 | 7.0 | +1.1 |
CWI | SPDR MSCI ACWI ex-US ETF | 20.6 | 30 | 9 | 6.2 | +0.3 |
IDMO | Invesco S&P International Developed Momentum ETF | 20.5 | 26 | 13 | 3.7 | -2.3 |
IDLB | Invesco FTSE International Low Beta Equal Weight ETF | 20.4 | 45 | -6 | 6.1 | +0.2 |
RODE | Hartford Multifactor Diversified International ETF | 20.2 | 29 | 10 | 10.2 | +4.3 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 19.3 | 32 | 7 | 6.3 | +0.4 |
OEUR | O'shares FTSE Europe Quality Dividend ETF | 19.0 | 48 | -9 | 5.2 | -0.7 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 18.8 | 40 | -1 | 6.1 | +0.2 |
PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 18.5 | 45 | -6 | 7.5 | +1.5 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 18.3 | 8 | 31 | 6.6 | +0.7 |
RFEU | First Trust Riverfront Dynamic Europe ETF | 18.1 | 83 | -44 | 5.3 | -0.6 |
ACSG | Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF | 18.0 | 16 | 23 | 5.9 | +0.0 |
IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | 17.8 | 58 | -19 | 5.9 | 0.0 |
ISZE | iShares Edge MSCI Intl Size Factor ETF | 17.8 | 30 | 9 | 6.1 | +0.2 |
IQDG | WisdomTree International Quality Dividend Growth Fund | 17.7 | 42 | -3 | 6.1 | +0.1 |
HDEF | Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF | 17.6 | 20 | 19 | 8.6 | +2.7 |
VYMI | Vanguard International High Dividend Yield ETF | 17.5 | 27 | 12 | 9.0 | +3.1 |
EFV | iShares MSCI EAFE Value ETF | 17.5 | 39 | 0 | 8.2 | +2.3 |
VIGI | Vanguard International Dividend Appreciation ETF | 17.3 | 20 | 19 | 4.9 | -1.0 |
DSTX | Distillate International Fundamental Stability & Value ETF | 17.3 | 55 | -16 | 6.3 | +0.4 |
DTH | WisdomTree International High Dividend Fund | 17.2 | 58 | -19 | 8.5 | +2.6 |
IXUS | ishares Core MSCI Total International Stock ETF | 17.0 | 9 | 30 | 6.4 | +0.5 |
EFAD | ProShares MSCI EAFE Dividend Growers ETF | 17.0 | 51 | -12 | 5.2 | -0.8 |
AVDE | Avantis International Equity ETF | 16.5 | 23 | 16 | 6.8 | +0.8 |
FNDF | Schwab Fundamental International Large Co. Index ETF | 16.5 | 25 | 14 | 7.6 | +1.7 |
HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 16.4 | 20 | 19 | 9.5 | +3.6 |
FIDI | Fidelity International High Dividend ETF | 16.2 | 39 | 0 | 8.5 | +2.6 |
NUDM | Nuveen ESG International Developed Markets Equity ETF | 16.0 | 40 | -1 | 5.8 | -0.2 |
LVHI | Legg Mason International Low Volatility High Dividend ETF | 16.0 | 40 | -1 | 9.0 | +3.1 |
PIZ | Invesco DWA Developed Markets Momentum ETF | 15.7 | 81 | -42 | 3.5 | -2.4 |
TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 15.5 | 39 | 0 | 6.8 | +0.9 |
GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 15.4 | 25 | 14 | 6.3 | +0.3 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2020 | 2021E | 2022E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Fidelity Targeted International Factor ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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