ETF Copilot
Developed ex-US

Is FDEV a good investment?

Updated October 28, 2026

Fidelity International Multifactor ETF (FDEV) is a developed ex-US international ETF. As of October 28, 2026, ETF Copilot scores FDEV 5.2 out of 10 — highest on Value (8.5), lowest on Growth (1.8). It trades at 14.3 times earnings, against its own median of 15.3. Its ten largest holdings are 15% of the fund.

What stands out in FDEV's data

Developed ex-US stocks, screened across multiple factors for quality and value.

Pays out more income than most peers abroad — a bigger cash stream from a diversified portfolio.

A dividend yield of 3.3% tops the category median of 2.7%. Its 3-year volatility of 12.2% also runs below the 14.6% norm, pairing higher payout with calmer price moves.

Adds a quality-and-value tilt to a developed-market allocation outside the U.S.

How is FDEV rated? ETF Copilot scores Fidelity International Multifactor ETF (FDEV) 5.2 out of 10

As of October 28, 2026, ETF Copilot scores Fidelity International Multifactor ETF (FDEV) 5.2 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

  • Overall: 5.2 / 10
  • Growth: 1.8 / 10
  • Value: 8.5 / 10
  • Risk: 7.6 / 10
  • Quality: 5.6 / 10
  • Return: 4.4 / 10

FDEV is ranked #6 of 10 in ETF Copilot's Dividend list.

Is FDEV expensive right now? It trades at 14.3 times earnings, against its own median of 15.3

As of October 28, 2026, FDEV is cheaper than 76% of its own last 8 years.

Trailing 12 months, built from FDEV's holdings. How we calculate this →

What's inside FDEV?

What's inside FDEV: Size (Large 50%, Mid 47%, Small 3%); Geography (International 100%, US 0%); Tech 6.3%; AI 0.1%; Semiconductors 2.1%; Memory 0.2%.

What are FDEV's top holdings? The ten largest are 15% of the fund

Shell, Daito Trust Construction, Roche, Hongkong Land, Klepierre, ASML, Novartis, AstraZeneca, Totalenergies SE and Canadian Natural Resources are FDEV's largest holdings, in that order.

More concentrated than 64% of Developed ex-US ETFs.

Half of FDEV's weight sits in its 46 largest positions, and once those weights are taken into account it behaves like 129 equally weighted holdings.

What is FDEV's expense ratio? 0.18% a year

As of October 28, 2026, FDEV charges 0.18% a year, yields 3.30% and holds $283M in assets across 196 positions.

Fidelity International Multifactor ETF (FDEV) — cost, income and size
MeasureFDEV
Expense ratio0.18%
Dividend yield3.30%
Assets under management$283M
Holdings196

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

Cite this

ETF Copilot, “Fidelity International Multifactor ETF (FDEV) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fdev

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