Fidelity International High Dividend ETF
ALTAR
Score™
11.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
4.9%


  • 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) $34
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) $53,242
Large cap (>$10bn) 77.5%
Mid cap ($2-10bn) 22.2%
Small cap (<$2bn) 0.3%
Developed mkts 97.7%
Emerging mkts 2.3%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.1 %
E.ON AG 4.0 %
DAITO TRUST CONSTRUCT CO LTD 3.6 %
DAIMLER AG-REGISTERED SHARES 3.3 %
SSE PLC 3.1 %
AGL ENERGY LTD 3.0 %
BAYERISCHE MOTOREN WERKE AG 2.9 %
WHARF REAL ESTATE INVESTMENT CO. L 2.9 %
KANSAI ELECTRIC POWER CO INC 2.7 %
HONDA MOTOR CO LTD 2.7 %
Total 32.3 %

TOP COUNTRY EXPOSURE
JAPAN 27.2 %
CANADA 12.8 %
GERMANY 10.7 %
BRITAIN 10.1 %
AUSTRALIA 9.3 %
SWITZERLAND 7.4 %
FRANCE 6.1 %
HONG KONG 5.1 %
NETHERLANDS 2.6 %
MACAU 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.7% -10.3% -- -- -10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 69%
MSCI EAFE 1.08 90%
MSCI Emg. Mkts. 0.78 72%

Technical Indicators
Recent close $15.50
30d moving avg. $16.56
Annualized volatility 19.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $7,606

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™: 11.7%


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 24.6 48 -9 8.8 -2.9
DOO WisdomTree International Dividend ex-Financials Fund 24.4 58 -19 9.0 -2.7
VGFO Virtus WMC Global Factor Opportunities ETF 22.8 49 -10 8.1 -3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.1 35 4 8.7 -3.0
FIVA Fidelity International Value Factor ETF 21.1 39 0 9.9 -1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.1 45 -6 9.1 -2.7
DWM WisdomTree International Equity Fund 20.9 48 -9 8.4 -3.3
FNDF Schwab Fundamental International Large Co. Index ETF 20.8 25 14 8.9 -2.8
IVLU iShares Edge MSCI Intl Value Factor ETF 20.3 30 9 11.7 +0.0
IDY Pacific Global International Equity Income ETF 19.9 39 0 8.1 -3.6
EFV iShares MSCI EAFE Value ETF 19.5 39 0 9.9 -1.8
DTH WisdomTree DEFA Equity Income Fund 19.5 58 -19 10.1 -1.6
BKIE BNY Mellon International Equity ETF 19.4 4 35 7.4 -4.3
VYMI Vanguard International High Dividend Yield ETF 19.2 27 12 10.5 -1.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 18.7 45 -6 10.3 -1.4
LVHI Legg Mason International Low Volatility High Dividend ETF 18.5 40 -1 9.4 -2.4
IQIN IQ 500 International ETF 18.0 25 14 8.8 -2.9
EFA iShares MSCI EAFE ETF 17.6 32 7 7.1 -4.6
SCHF Schwab International Equity ETF 17.6 6 33 7.4 -4.3
GSID Goldman Sachs MarketBeta International Equity ETF 17.5 20 19 7.4 -4.3
PDEV Principal International Multi-Factor Core Index ETF 17.4 25 14 8.1 -3.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.3 35 4 6.9 -4.8
JHMD John Hancock Multifactor Developed International ETF 17.2 39 0 7.5 -4.3
HFXI IQ 50 Percent Hedged FTSE International ETF 17.2 20 19 7.5 -4.2
ISDX Invesco Strategic Developed ex-US ETF 16.9 23 16 7.5 -4.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 16.8 7 32 7.6 -4.2
SPDW SPDR Portfolio Developed World ex-US ETF 16.5 4 35 7.2 -4.5
IDEV iShares Core MSCI International Developed Markets ETF 16.5 5 34 7.3 -4.4
IEFA iShares Core MSCI EAFE ETF 16.3 7 32 7.3 -4.4
VEA Vanguard FTSE Developed Markets ETF 16.2 5 34 7.5 -4.3
ESGD iShares MSCI EAFE ESG Optimized ETF 15.7 20 19 7.0 -4.7
EWJV iShares MSCI Japan Value ETF 15.6 15 24 10.2 -1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.5 20 19 7.1 -4.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 15.5 25 14 6.7 -5.0
CWI SPDR MSCI ACWI ex-US ETF 15.4 30 9 7.3 -4.4
QEFA SPDR MSCI EAFE Quality Mix ETF 15.3 30 9 6.9 -4.8
IDOG ALPS International Sector Dividend Dogs ETF 15.3 50 -11 11.2 -0.5
IEV iShares Europe ETF 15.2 59 -20 7.0 -4.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.1 30 9 0.0 -11.7
BBEU JPMorgan BetaBuilders Europe ETF 15.0 9 30 7.5 -4.2
FLEE Franklin FTSE Europe ETF 14.8 9 30 7.1 -4.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.7 45 -6 6.7 -5.0
DXJ WisdomTree Japan Hedged Equity Fund 14.5 48 -9 7.9 -3.8
IEUR iShares Core MSCI Europe ETF 14.5 9 30 7.3 -4.4
FLEH Franklin FTSE Europe Hedged ETF 14.4 9 30 7.3 -4.4
VGK Vanguard FTSE Europe ETF 14.4 8 31 7.5 -4.2
ACWX iShares MSCI ACWI ex U.S. ETF 14.3 32 7 7.4 -4.3
FEU SPDR Portfolio Europe ETF 14.3 9 30 7.4 -4.3
IQSI IQ Candriam ESG International Equity ETF 14.0 15 24 7.4 -4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.0 40 -1 7.1 -4.6
VEU Vanguard FTSE All-World ex-US Index Fund 13.8 8 31 7.7 -4.1
RNDM Developed International Equity Select ETF 13.7 65 -26 6.4 -5.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.6 80 -41 6.6 -5.1
OEUR O'shares FTSE Europe Quality Dividend ETF 13.5 48 -9 6.8 -4.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.5 39 0 8.4 -3.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.2 39 0 6.6 -5.1
CARZ First Trust NASDAQ Global Auto Index Fund 13.1 70 -31 12.6 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.9 25 14 6.5 -5.2
FDEV Fidelity Targeted International Factor ETF 12.8 39 0 6.5 -5.3
IDLV Invesco S&P International Developed Low Volatility ETF 12.8 25 14 6.6 -5.1
NUDM Nuveen ESG International Developed Markets Equity ETF 12.6 40 -1 6.8 -4.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 12.6 47 -8 9.3 -2.4
FDD First Trust Stoxx European Select Dividend Index Fund 12.5 58 -19 12.1 +0.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 12.4 39 0 11.4 -0.3
IXUS ishares Core MSCI Total International Stock ETF 12.4 9 30 7.5 -4.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 12.3 70 -31 7.5 -4.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.2 30 9 0.0 -11.7
VXUS Vanguard Total International Stock Index Fund 12.2 8 31 7.6 -4.1
IDV iShares International Select Dividend ETF 12.2 49 -10 10.8 -1.0
QJPN SPDR MSCI Japan StrategicFactors ETF 12.1 14 25 7.4 -4.3
EWJ iShares MSCI Japan ETF 12.1 49 -10 7.0 -4.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.1 20 19 5.5 -6.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.0 29 10 7.7 -4.0
IQDF FlexShares International Quality Dividend Index Fund 12.0 47 -8 9.2 -2.6
BBJP JPMorgan BetaBuilders Japan ETF 12.0 19 20 7.3 -4.5
VSGX Vanguard ESG International Stock ETF 12.0 17 22 7.2 -4.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.0 32 7 6.0 -5.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.7 45 -6 7.0 -4.7
IOO iShares Global 100 ETF 11.7 40 -1 6.1 -5.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 11.7 30 9 8.7 -3.1
FLJP Franklin FTSE Japan ETF 11.6 9 30 7.4 -4.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 11.6 30 9 0.0 -11.7
IGRO iShares International Dividend Growth ETF 11.5 22 17 8.1 -3.6
FLJH Franklin FTSE Japan Hedged ETF 11.5 9 30 7.4 -4.3
DVYA iShares Asia/Pacific Dividend ETF 11.4 49 -10 13.6 +1.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 11.4 35 4 7.0 -4.7
DWMF WisdomTree International Multifactor Fund 11.3 38 1 6.2 -5.5
WDIV SPDR Global Dividend ETF 11.0 40 -1 10.1 -1.7
IXC iShares Global Energy ETF 10.9 46 -7 7.1 -4.6
ESGN Columbia Sustainable International Equity Income ETF 10.9 45 -6 11.0 -0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.9 25 14 7.1 -4.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 10.8 50 -11 6.1 -5.6
JPXN iShares JPX-Nikkei 400 ETF 10.5 48 -9 7.0 -4.7
IPAC iShares Core MSCI Pacific ETF 10.5 9 30 7.1 -4.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.4 47 -8 9.4 -2.4
FID First Trust S&P International Dividend Aristocrats ETF 10.3 60 -21 10.1 -1.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 10.3 29 10 11.6 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 10.2 48 -9 6.6 -5.1
MOTI VanEck Vectors Morningstar International Moat ETF 10.2 57 -18 8.8 -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 9.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 11.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.57
 
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.