Fidelity International Multifactor ETF (FDEV) Performance
FDEV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.3% since Dec 31, 2025
- 1 year
- +15.2% total return
- 5 years
- +7.8% a year
- Since first price
- +8.4% a year since 2019
FDEV trailing returns vs SPY, QQQ, AGG
| Period | FDEV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.4% | +2.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.3% | +7.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +11.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +70.1%+19.4%/yr | +55.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.6%+7.8%/yr | +25.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 28, 2019 | +85.5%+8.4%/yr | +48.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FDEV vs SPY
From Feb 28, 2019: FDEV grew to $18,554, SPY to $30,560.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDEV returns by calendar year
5 of 6 full years positive. Best 2025 (+30.4%), worst 2022 (−16.5%). 2026 is year to date.
FDEV annual returns table
| Year | FDEV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.3% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.4% | −9.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.8% | −8.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.4% | −10.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.5% | −27.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.0% | −6.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.5% | −30.1% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FDEV largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −30.1% | Mar 23, 2020 | Nov 27, 2020 | 2 months | 10 months |
| Sep 3, 2021 | −29.0% | Sep 27, 2022 | Jul 12, 2024 | 1.1 years | 2.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDEV risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +16.9% | +7.9% | +8.1% |
| Volatility (annualized) | 10.7% | 13.9% | 13.9% |
| Sharpe ratio | 1.11 | 0.36 | 0.44 |
| Sortino ratio | 1.88 | 0.53 | 0.64 |
| Best month | +7.0% | +10.7% | +10.7% |
| Worst month | −4.8% | −9.3% | −11.0% |
| Best 12 months | +34.8% | +34.8% | +34.8% |
| Worst 12 months | +5.8% | −23.6% | −23.6% |
| Positive months | 69% | 60% | 62% |
| Beta vs S&P 500 | 0.37 | 0.64 | — |
| Correlation with S&P 500 | 0.42 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FDEV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 81 | −23.6% | +10.5% | +34.8% | 79% |
| 3-year (a year) | 57 | −3.6% | +4.1% | +19.4% | 93% |
| 5-year (a year) | 33 | +3.2% | +7.7% | +10.0% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FDEV performance overview
Fidelity International Multifactor ETF (FDEV) returned +15.2% over the past year and +7.8% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +8.4% a year, turning $10,000 into about $18,554. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.1%, from Jan 17, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. FDEV finished 5 of its 6 full calendar years with a gain; the best year was 2025 (+30.4%) and the worst 2022 (−16.5%). Volatility has been 13.9% a year.
Related: FDEV chart, FDEV holdings, FDEV dividends. See the FDEV overview for the latest quote and fund facts.
FDEV performance FAQ
What is the FDEV return over the past year?
FDEV returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.4%.
What is the average annual return of FDEV?
FDEV has returned +7.8% a year over 5 years, +8.4% a year since February 28, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FDEV be worth?
$10,000 invested in FDEV at its first recorded close on February 28, 2019 would be worth about $18,554 on October 23, 2026 with distributions reinvested.
What was the worst year for FDEV?
The worst calendar year was 2022, with a total return of −16.5%. The best was 2025 at +30.4%.
What is the biggest drawdown of FDEV?
The largest peak-to-trough decline was −30.1% between January 17, 2020 and March 23, 2020. It recovered to the old high on November 27, 2020, 8 months after the bottom.
How volatile is FDEV?
Over the past 3 years FDEV had an annualized volatility of 10.7% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).