Fidelity International High Dividend ETF
ALTAR
Score™
9.3% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
12.1x P/Sales
ratio
0.8x
P/BV
ratio
0.9x Div.
yield
4.4%


  • 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) $67
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 77
Wgt avg mkt cap (mns) $56,207
Large cap (>$10bn) 81.5%
Mid cap ($2-10bn) 18.2%
Small cap (<$2bn) 0.3%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
DAIMLER AG-REGISTERED SHARES 4.2 %
TOYOTA MOTOR CORP 3.7 %
DAITO TRUST CONSTRUCT CO LTD 3.6 %
WHARF REAL ESTATE INVESTMENT CO. L 3.3 %
SSE PLC 3.3 %
E.ON AG 3.1 %
UBS GROUP AG 3.0 %
BAYERISCHE MOTOREN WERKE AG 2.8 %
HONDA MOTOR CO LTD 2.5 %
TOTAL SA 2.5 %
Total 32.1 %

TOP COUNTRY EXPOSURE
JAPAN 24.7 %
CANADA 13.2 %
GERMANY 10.6 %
BRITAIN 10.0 %
AUSTRALIA 9.5 %
SWITZERLAND 6.8 %
FRANCE 6.4 %
HONG KONG 5.3 %
SPAIN 3.4 %
NETHERLANDS 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.0% 6.0% -- -- -3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.95 69%
MSCI EAFE 1.09 90%
MSCI Emg. Mkts. 0.84 67%

Technical Indicators
Recent close $19.62
30d moving avg. $19.19
Annualized volatility 21.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.7%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $10,684

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 9.3%


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
(%)
DFAI Dimensional International Core Equity Market ETF 38.5 18 21 6.2 -3.1
VWID Virtus WMC International Dividend ETF 21.4 49 -10 7.5 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 20.5 30 9 9.6 +0.3
VYMI Vanguard International High Dividend Yield ETF 20.1 27 12 9.0 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 19.9 25 14 7.5 -1.8
FIVA Fidelity International Value Factor ETF 19.8 39 0 8.7 -0.6
IDOG ALPS International Sector Dividend Dogs ETF 19.7 50 -11 8.1 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.6 45 -6 7.4 -1.9
EFV iShares MSCI EAFE Value ETF 18.8 39 0 8.1 -1.2
BKIE BNY Mellon International Equity ETF 17.4 4 35 6.5 -2.8
IQIN IQ 500 International ETF 17.0 25 14 7.3 -2.0
DOL WisdomTree International LargeCap Dividend Fund 16.0 48 -9 7.1 -2.2
EFA iShares MSCI EAFE ETF 15.8 32 7 6.2 -3.1
SCHF Schwab International Equity ETF 15.7 6 33 6.5 -2.9
LVHI Legg Mason International Low Volatility High Dividend ETF 15.6 40 -1 8.9 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 15.6 20 19 6.2 -3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 15.6 35 4 6.0 -3.3
PDEV Principal International Multi-Factor Core Index ETF 15.6 25 14 7.0 -2.3
JHMD John Hancock Multifactor Developed International ETF 15.3 39 0 6.4 -3.0
HFXI IQ 50 Percent Hedged FTSE International ETF 15.2 20 19 6.4 -2.9
IDEV iShares Core MSCI International Developed Markets ETF 15.2 5 34 6.3 -3.0
ESGD iShares MSCI EAFE ESG Optimized ETF 14.9 20 19 6.2 -3.2
EWJV iShares MSCI Japan Value ETF 14.9 15 24 8.3 -1.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.8 7 32 6.5 -2.9
ISDX Invesco RAFI Strategic Developed ex-US ETF 14.7 23 16 6.2 -3.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 14.7 45 -6 9.4 +0.1
VEA Vanguard FTSE Developed Markets ETF 14.5 5 34 6.5 -2.8
SPDW SPDR Portfolio Developed World ex-US ETF 14.5 4 35 6.1 -3.2
IEFA iShares Core MSCI EAFE ETF 14.4 7 32 6.4 -3.0
QEFA SPDR MSCI EAFE Quality Mix ETF 14.3 30 9 6.1 -3.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.3 40 -1 7.2 -2.2
DWM WisdomTree International Equity Fund 14.2 48 -9 7.1 -2.2
DOO WisdomTree International Dividend ex-Financials Fund 14.1 58 -19 7.6 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 13.8 25 14 6.1 -3.2
FDD First Trust Stoxx European Select Dividend Index Fund 13.8 58 -19 8.4 -0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 19 6.2 -3.1
IQSI IQ Candriam ESG International Equity ETF 13.5 15 24 6.2 -3.1
IEV iShares Europe ETF 13.5 59 -20 6.1 -3.2
CWI SPDR MSCI ACWI ex-US ETF 13.5 30 9 6.2 -3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 13.3 40 -1 5.8 -3.6
CARZ First Trust NASDAQ Global Auto Index Fund 13.3 70 -31 9.0 -0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.2 45 -6 6.0 -3.3
BBEU JPMorgan BetaBuilders Europe ETF 13.2 9 30 6.6 -2.7
FLEH Franklin FTSE Europe Hedged ETF 13.0 9 30 6.4 -3.0
FLEE Franklin FTSE Europe ETF 13.0 9 30 6.4 -2.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 12.9 30 9 7.7 -1.6
VGK Vanguard FTSE Europe ETF 12.6 8 31 6.6 -2.7
DXJ WisdomTree Japan Hedged Equity Fund 12.6 48 -9 7.2 -2.1
IEUR iShares Core MSCI Europe ETF 12.5 9 30 6.4 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 12.5 32 7 6.3 -3.0
SPEU SPDR Portfolio Europe ETF 12.4 9 30 6.5 -2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.3 40 -1 6.0 -3.3
VEU Vanguard FTSE All-World ex-US Index Fund 12.3 8 31 6.6 -2.7
DTH WisdomTree International High Dividend Fund 12.2 58 -19 8.4 -0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.2 80 -41 5.9 -3.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 12.1 39 0 9.6 +0.3
IDV iShares International Select Dividend ETF 12.1 49 -10 8.9 -0.4
MOTI VanEck Vectors Morningstar International Moat ETF 11.9 57 -18 8.5 -0.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 11.8 35 4 6.0 -3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.6 39 0 6.7 -2.6
IXC iShares Global Energy ETF 11.5 46 -7 5.0 -4.3
IDLV Invesco S&P International Developed Low Volatility ETF 11.5 25 14 6.2 -3.1
ZJPN SPDR Solactive Japan ETF 11.5 14 25 6.4 -2.9
EWJ iShares MSCI Japan ETF 11.4 51 -12 5.9 -3.4
DVYA iShares Asia/Pacific Dividend ETF 11.4 49 -10 9.9 +0.6
VSGX Vanguard ESG International Stock ETF 11.3 17 22 6.3 -3.0
BBJP JPMorgan BetaBuilders Japan ETF 11.3 19 20 6.2 -3.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.3 45 -6 5.9 -3.5
EPP iShares MSCI Pacific ex-Japan ETF 11.3 48 -9 5.5 -3.9
RESD WisdomTree International ESG Fund 11.1 30 9 6.3 -3.0
FDEV Fidelity Targeted International Factor ETF 11.0 39 0 6.2 -3.1
FLJP Franklin FTSE Japan ETF 11.0 9 30 6.4 -2.9
IXUS ishares Core MSCI Total International Stock ETF 10.9 9 30 6.4 -2.9
IPAC iShares Core MSCI Pacific ETF 10.9 9 30 6.1 -3.2
FLJH Franklin FTSE Japan Hedged ETF 10.9 9 30 6.3 -3.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.8 25 14 6.2 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.7 25 14 6.0 -3.3
DGT SPDR Global Dow ETF 10.7 50 -11 6.2 -3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.5 39 0 5.6 -3.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.5 29 10 7.2 -2.1
IDRV iShares Self-driving EV & Tech ETF 10.4 47 -8 5.2 -4.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.4 32 7 6.0 -3.3
IQDE FlexShares International Quality Dividend Defensive Index ET 10.3 47 -8 8.1 -1.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.2 19 20 5.8 -3.5
FEZ SPDR EURO STOXX 50 ETF 10.2 29 10 6.0 -3.3
IOO iShares Global 100 ETF 9.9 40 -1 4.7 -4.6
IQDF FlexShares International Quality Dividend Index Fund 9.9 47 -8 8.1 -1.2
DXGE WisdomTree Germany Hedged Equity Fund 9.9 48 -9 7.9 -1.4
VPL Vanguard FTSE Pacific ETF 9.8 8 31 6.3 -3.0
CIL VictoryShares International Volatility Weighted Index ETF 9.6 45 -6 6.4 -2.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.6 95 -56 4.4 -4.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 9.6 45 -6 6.2 -3.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.5 20 19 5.1 -4.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 9.4 9 30 6.5 -2.8
JPXN iShares JPX-Nikkei 400 ETF 9.4 48 -9 6.1 -3.2
ZCAN SPDR Solactive Canada ETF 9.2 14 25 6.4 -3.0
RBIN Nationwide Risk-Based International Equity ETF 9.2 42 -3 5.9 -3.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 9.2 20 19 8.5 -0.8

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
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
  2020 2021E 2022E
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 8.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
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.