Fidelity International High Dividend ETF
ALTAR
Score™
10.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Fidelity International High Dividend ETF is an exchange-traded fund incorporated in the USA. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International High Dividend I

FUND BASICS
Category International Equities
Fund Sponsor Fidelity
Website screener.fidelity.com
Inception date Jan 16, 2018
Assets (mns) $36
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 87
Wgt avg mkt cap (mns) $48,088
Large cap (>$10bn) 76.7%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 0.4%
Developed mkts 97.9%
Emerging mkts 2.1%

TOP TEN HOLDINGS
E.ON AG 3.7 %
TOYOTA MOTOR CORP 3.4 %
AGL ENERGY LTD 3.2 %
DAITO TRUST CONSTRUCT CO LTD 3.2 %
SSE PLC 3.1 %
WHARF REAL ESTATE INVESTMENT CO. L 3.0 %
HONDA MOTOR CO LTD 2.5 %
UBS GROUP AG 2.5 %
KLEPIERRE 2.4 %
KANSAI ELECTRIC POWER CO INC 2.4 %
Total 29.4 %

TOP COUNTRY EXPOSURE
JAPAN 24.8 %
CANADA 11.3 %
BRITAIN 10.1 %
GERMANY 9.5 %
FRANCE 9.4 %
AUSTRALIA 9.2 %
SWITZERLAND 6.5 %
HONG KONG 5.1 %
SPAIN 2.7 %
NETHERLANDS 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.4% -17.6% -- -- -12.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 71%
MSCI EAFE 1.09 91%
MSCI Emg. Mkts. 0.84 80%

Technical Indicators
Recent close $16.57
30d moving avg. $16.42
Annualized volatility 19.5%
Short interest (ETF) 0.4%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 28
Turnover 1.3%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $15,271

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Fidelity International High Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with FIDI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIDI Expense: 39 bp ALTAR Score™: 10.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIDI
Ticker Fund
Name
Overlap1
vs FIDI
(%)
Expense
ratio
(bp)
Savings
vs FIDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIDI
(%)
DOL WisdomTree International LargeCap Dividend Fund 23.6 48 -9 8.4 -2.5
FIVA Fidelity International Value Factor ETF 23.6 39 0 10.0 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 23.1 58 -19 8.7 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 22.1 25 14 8.7 -2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.9 45 -6 8.8 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.5 35 4 8.4 -2.5
IDY Pacific Global International Equity Income ETF 20.5 39 0 7.9 -3.0
IVLU iShares Edge MSCI Intl Value Factor ETF 20.3 30 9 11.3 +0.4
DWM WisdomTree International Equity Fund 20.1 48 -9 8.2 -2.7
VYMI Vanguard International High Dividend Yield ETF 20.0 32 7 10.0 -0.9
EFV iShares MSCI EAFE Value ETF 19.7 39 0 9.4 -1.5
IQIN IQ 500 International ETF 19.7 25 14 8.9 -2.1
BKIE BNY Mellon International Equity ETF 19.3 4 35 7.4 -3.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 19.0 45 -6 9.9 -1.0
DTH WisdomTree DEFA Equity Income Fund 18.8 58 -19 9.6 -1.3
JHMD John Hancock Multifactor Developed International ETF 18.1 39 0 7.4 -3.5
ISDX Invesco Strategic Developed ex-US ETF 18.0 23 16 7.5 -3.4
PDEV Principal International Multi-Factor Core Index ETF 17.6 25 14 7.9 -3.1
EFA iShares MSCI EAFE ETF 17.6 32 7 7.0 -3.9
SCHF Schwab International Equity ETF 17.6 6 33 7.3 -3.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.4 35 4 6.8 -4.1
GSID Goldman Sachs MarketBeta International Equity ETF 17.4 20 19 7.3 -3.6
HFXI IQ 50 Percent Hedged FTSE International ETF 17.2 20 19 7.4 -3.5
IDEV iShares Core MSCI International Developed Markets ETF 17.0 5 34 7.2 -3.7
SPDW SPDR Portfolio Developed World ex-US ETF 16.8 4 35 7.1 -3.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 16.8 7 32 7.5 -3.4
VEA Vanguard FTSE Developed Markets ETF 16.5 5 34 7.4 -3.5
IEFA iShares Core MSCI EAFE ETF 16.3 7 32 7.2 -3.7
ESGD iShares MSCI EAFE ESG Optimized ETF 16.0 20 19 6.9 -4.1
QEFA SPDR MSCI EAFE Quality Mix ETF 15.9 30 9 6.8 -4.1
CWI SPDR MSCI ACWI ex-US ETF 15.9 30 9 7.1 -3.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 15.8 25 14 6.6 -4.4
LVHI Legg Mason International Low Volatility High Dividend ETF 15.8 40 -1 9.1 -1.8
IEV iShares Europe ETF 15.5 59 -20 6.7 -4.2
BBEU JPMorgan BetaBuilders Europe ETF 15.3 9 30 7.2 -3.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.1 45 -6 6.5 -4.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.1 20 19 7.0 -3.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.0 30 9 6.8 -4.2
FLEH Franklin FTSE Europe Hedged ETF 15.0 9 30 7.0 -3.9
FLEE Franklin FTSE Europe ETF 14.9 9 30 6.9 -4.0
OEUR O'shares FTSE Europe Quality Dividend ETF 14.9 48 -9 6.5 -4.4
IDOG ALPS International Sector Dividend Dogs ETF 14.9 50 -11 10.8 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 14.8 32 7 7.2 -3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.5 40 -1 7.0 -3.9
IEUR iShares Core MSCI Europe ETF 14.5 9 30 7.2 -3.8
VEU Vanguard FTSE All-World ex-US Index Fund 14.5 8 31 7.5 -3.4
VGK Vanguard FTSE Europe ETF 14.4 8 31 7.3 -3.6
EWJV iShares MSCI Japan Value ETF 14.4 15 24 10.3 -0.6
FEU SPDR Portfolio Europe ETF 14.4 9 30 7.3 -3.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.3 80 -41 5.8 -5.1
IQSI IQ Candriam ESG International Equity ETF 14.3 15 24 7.2 -3.7
EFAS Global X MSCI SuperDividend EAFE ETF 13.7 56 -17 9.7 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.7 39 0 8.3 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 13.6 40 -1 6.9 -4.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.6 25 14 6.4 -4.5
DWX SPDR S&P International Dividend ETF 13.3 45 -6 7.9 -3.0
IXUS ishares Core MSCI Total International Stock ETF 13.2 9 30 7.3 -3.6
FDD First Trust Stoxx European Select Dividend Index Fund 13.2 58 -19 11.3 +0.4
FID First Trust S&P International Dividend Aristocrats ETF 13.2 60 -21 9.7 -1.2
VXUS Vanguard Total International Stock Index Fund 13.2 8 31 7.5 -3.4
RNDM Developed International Equity Select ETF 13.1 65 -26 6.3 -4.6
IQDF FlexShares International Quality Dividend Index Fund 12.9 47 -8 12.2 +1.3
DXJ WisdomTree Japan Hedged Equity Fund 12.8 48 -9 8.3 -2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.6 39 0 6.6 -4.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.6 29 10 8.7 -2.3
IDLV Invesco S&P International Developed Low Volatility ETF 12.4 25 14 6.6 -4.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.3 35 4 6.8 -4.1
CARZ First Trust NASDAQ Global Auto Index Fund 12.1 70 -31 14.3 +3.4
RFDI First Trust Riverfront Dynamic Developed International ETF 12.0 83 -44 5.6 -5.3
IDV iShares International Select Dividend ETF 11.9 49 -10 10.0 -1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 11.7 32 7 6.3 -4.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 11.7 30 9 0.0 -10.9
QJPN SPDR MSCI Japan StrategicFactors ETF 11.6 14 25 7.7 -3.2
BBJP JPMorgan BetaBuilders Japan ETF 11.5 19 20 7.5 -3.4
EWJ iShares MSCI Japan ETF 11.5 49 -10 7.2 -3.7
IOO iShares Global 100 ETF 11.5 40 -1 4.6 -6.3
VSGX Vanguard ESG International Stock ETF 11.5 17 22 7.2 -3.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.3 45 -6 7.3 -3.6
WDIV SPDR Global Dividend ETF 11.2 40 -1 9.7 -1.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 11.2 47 -8 12.1 +1.2
IDRV iShares Self-driving EV & Tech ETF 11.2 47 -8 6.9 -4.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 11.2 20 19 5.4 -5.5
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 11.1 30 9 7.4 -3.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 11.1 25 14 7.3 -3.7
FLJP Franklin FTSE Japan ETF 11.1 9 30 7.7 -3.3
FLJH Franklin FTSE Japan Hedged ETF 11.0 9 30 7.7 -3.2
FDEV Fidelity Targeted International Factor ETF 11.0 39 0 6.5 -4.4
IXC iShares Global Energy ETF 11.0 46 -7 5.8 -5.1
IPAC iShares Core MSCI Pacific ETF 10.9 9 30 7.3 -3.6
DWMF WisdomTree International Multifactor Fund 10.8 38 1 6.7 -4.2
RFEU First Trust Riverfront Dynamic Europe ETF 10.8 83 -44 5.3 -5.6
DGT SPDR Global Dow ETF 10.8 50 -11 6.6 -4.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 10.7 30 9 7.4 -3.5
DVYA iShares Asia/Pacific Dividend ETF 10.7 49 -10 12.9 +2.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.5 70 -31 7.5 -3.4
CIL VictoryShares International Volatility Weighted Index ETF 10.5 45 -6 6.7 -4.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 10.5 42 -3 5.4 -5.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.4 47 -8 12.5 +1.6
IGRO iShares International Dividend Growth ETF 10.3 22 17 8.0 -3.0

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

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity International High Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.59
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.