Fidelity International High Dividend ETF
ALTAR
Score™
16.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.1x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
6.7%


  • 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) $33
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 98
Wgt avg mkt cap (mns) $43,534
Large cap (>$10bn) 73.7%
Mid cap ($2-10bn) 26.3%
Small cap (<$2bn) 0.0%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
E.ON AG 3.1 %
DAITO TRUST CONSTRUCT CO LTD 3.1 %
TOYOTA MOTOR CORP 3.1 %
SSE PLC 2.8 %
AGL ENERGY LTD 2.6 %
KANSAI ELECTRIC POWER CO INC 2.5 %
WHARF REAL ESTATE INVESTMENT CO. L 2.4 %
ROYAL DUTCH SHELL PLC-B SHS 2.3 %
TOTAL SA 2.2 %
KLEPIERRE 2.1 %
Total 26.3 %

TOP COUNTRY EXPOSURE
JAPAN 22.6 %
BRITAIN 16.9 %
FRANCE 10.4 %
CANADA 9.4 %
GERMANY 7.4 %
AUSTRALIA 7.0 %
SWITZERLAND 5.4 %
HONG KONG 4.4 %
NETHERLANDS 2.7 %
SPAIN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.8% -24.6% -- -- -17.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 74%
MSCI EAFE 1.17 93%
MSCI Emg. Mkts. 0.95 84%

Technical Indicators
Recent close $14.39
30d moving avg. $16.68
Annualized volatility 20.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 28
Turnover 1.2%
Bid/Ask (% of price) 1.72%
ADV underlying (mns) $10,275

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™: 16.1%


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 26.9 48 -9 10.8 -5.3
FIVA Fidelity International Value Factor ETF 26.0 39 0 13.1 -3.0
EFV iShares MSCI EAFE Value ETF 25.9 39 0 12.4 -3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.5 45 -6 11.3 -4.8
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 25.3 45 -6 14.8 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 24.5 25 14 11.1 -4.9
IDY Pacific Global International Equity Income ETF 24.3 39 0 10.8 -5.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.8 35 4 10.8 -5.3
DTH WisdomTree DEFA Equity Income Fund 22.7 58 -19 12.3 -3.7
VYMI Vanguard International High Dividend Yield ETF 22.6 32 7 12.3 -3.8
DWM WisdomTree International Equity Fund 22.4 48 -9 10.6 -5.4
IVLU iShares Edge MSCI Intl Value Factor ETF 22.2 30 9 14.1 -2.0
DOO WisdomTree International Dividend ex-Financials Fund 22.1 58 -19 10.9 -5.2
IQIN IQ 500 International ETF 21.8 25 14 11.1 -4.9
EFAS Global X MSCI SuperDividend EAFE ETF 19.6 55 -16 12.8 -3.2
JHMD John Hancock Multifactor Developed International ETF 19.4 45 -6 9.3 -6.8
EFA iShares MSCI EAFE ETF 19.2 32 7 9.0 -7.1
SCHF Schwab International Equity ETF 18.8 6 33 9.3 -6.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.7 35 4 8.7 -7.4
HFXI IQ 50 Percent Hedged FTSE International ETF 18.6 20 19 9.3 -6.8
IEV iShares Europe ETF 18.5 59 -20 8.6 -7.4
IDEV iShares Core MSCI International Developed Markets ETF 18.3 5 34 9.3 -6.8
SPDW SPDR Portfolio Developed World ex-US ETF 18.2 4 35 9.1 -7.0
ISDX Invesco Strategic Developed ex-US ETF 18.2 23 16 9.9 -6.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.1 7 32 9.5 -6.6
BBEU JPMorgan BetaBuilders Europe ETF 17.9 9 30 9.1 -7.0
VEA Vanguard FTSE Developed Markets ETF 17.7 5 34 9.5 -6.6
IEFA iShares Core MSCI EAFE ETF 17.6 7 32 9.2 -6.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.5 45 -6 8.2 -7.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 17.5 30 9 8.5 -7.6
FLEE Franklin FTSE Europe ETF 17.4 9 30 8.8 -7.3
ESGD iShares MSCI EAFE ESG Optimized ETF 17.3 20 19 9.0 -7.0
FLEH Franklin FTSE Europe Hedged ETF 17.3 9 30 8.7 -7.4
FDD First Trust Stoxx European Select Dividend Index Fund 17.2 57 -18 15.6 -0.5
CWI SPDR MSCI ACWI ex-US ETF 17.2 30 9 9.3 -6.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 17.1 39 0 13.9 -2.2
VGK Vanguard FTSE Europe ETF 17.0 8 31 9.3 -6.8
RFDI First Trust Riverfront Dynamic Developed International ETF 17.0 83 -44 7.9 -8.2
PDEV Principal International Multi-Factor Core Index ETF 16.9 25 14 8.5 -7.5
IEUR iShares Core MSCI Europe ETF 16.8 9 30 9.2 -6.9
FEU SPDR Portfolio Europe ETF 16.8 9 30 9.1 -6.9
IQSI IQ Candriam ESG International Equity ETF 16.7 15 24 9.1 -7.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.5 39 0 11.7 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.5 20 19 9.0 -7.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.2 25 14 8.6 -7.5
ACWX iShares MSCI ACWI ex U.S. ETF 16.2 32 7 9.4 -6.7
VEU Vanguard FTSE All-World ex-US Index Fund 16.0 8 31 9.6 -6.5
QEFA SPDR MSCI EAFE Quality Mix ETF 16.0 30 9 8.2 -7.9
IDV iShares International Select Dividend ETF 15.9 49 -10 14.8 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.8 40 -1 9.0 -7.0
LVHI Legg Mason International Low Volatility High Dividend ETF 15.8 40 -1 11.9 -4.2
IDOG ALPS International Sector Dividend Dogs ETF 15.4 50 -11 13.5 -2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 15.2 25 14 8.3 -7.8
OEUR O'shares FTSE Europe Quality Dividend ETF 15.1 48 -9 7.6 -8.5
VXUS Vanguard Total International Stock Index Fund 15.0 8 31 9.6 -6.5
IXUS ishares Core MSCI Total International Stock ETF 15.0 9 30 9.5 -6.6
IQDF FlexShares International Quality Dividend Index Fund 14.4 47 -8 16.0 -0.0
MOTI VanEck Vectors Morningstar International Moat ETF 14.3 57 -18 10.6 -5.5
NUDM Nuveen ESG International Developed Markets Equity ETF 14.3 40 -1 8.5 -7.5
RFEU First Trust Riverfront Dynamic Europe ETF 13.8 83 -44 6.3 -9.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.7 29 10 10.6 -5.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 13.5 47 -8 15.5 -0.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.9 48 -9 0.0 -16.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 12.8 30 9 8.6 -7.5
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 12.8 45 -6 9.3 -6.8
CIL Victory CEMP International Volatility Weighted Index ETF 12.8 45 -6 9.2 -6.9
CARZ First Trust NASDAQ Global Auto Index Fund 12.6 70 -31 21.2 +5.1
EWJV iShares MSCI Japan Value ETF 12.5 15 24 13.4 -2.6
EUFN iShares MSCI Europe Financials ETF 12.5 48 -9 15.3 -0.8
IOO iShares Global 100 ETF 12.3 40 -1 6.1 -10.0
DWX SPDR S&P International Dividend ETF 12.2 45 -6 9.0 -7.1
DGT SPDR Global Dow ETF 12.2 50 -11 8.6 -7.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 12.2 20 19 11.1 -5.0
RBIN Nationwide Risk-Based International Equity ETF 12.1 42 -3 8.4 -7.7
RNDM Developed International Equity Select ETF 12.1 65 -26 8.1 -8.0
VSGX Vanguard ESG International Stock ETF 12.0 17 22 9.1 -7.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.0 39 0 8.3 -7.8
QGBR SPDR MSCI UK StrategicFactors ETF 12.0 14 25 9.1 -7.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 11.9 42 -3 7.2 -8.9
DWMF WisdomTree International Multifactor Fund 11.8 38 1 8.2 -7.9
IXG iShares Global Financials ETF 11.8 46 -7 12.5 -3.6
EWU iShares MSCI United Kingdom ETF 11.8 50 -11 8.5 -7.6
FLGB Franklin FTSE United Kingdom ETF 11.7 9 30 9.0 -7.0
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 11.6 83 -44 8.9 -7.1
IPAC iShares Core MSCI Pacific ETF 11.5 9 30 9.4 -6.7
FID First Trust S&P International Dividend Aristocrats ETF 11.5 60 -21 11.6 -4.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.4 20 19 12.7 -3.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 11.2 20 19 6.7 -9.3
QJPN SPDR MSCI Japan StrategicFactors ETF 11.2 14 25 10.0 -6.1
DXJ WisdomTree Japan Hedged Equity Fund 11.2 48 -9 10.8 -5.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.2 14 25 8.6 -7.4
BBJP JPMorgan BetaBuilders Japan ETF 11.1 19 20 9.8 -6.3
EWJ iShares MSCI Japan ETF 11.0 49 -10 9.5 -6.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 10.9 45 -6 9.6 -6.5
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 10.9 30 9 9.7 -6.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.9 47 -8 17.1 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.8 32 7 7.6 -8.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.8 16 23 8.7 -7.3
FLJP Franklin FTSE Japan ETF 10.8 9 30 9.9 -6.1

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 9.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 16.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.58
 
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.