FDEVvsMFDXETF Comparison
VS
ETF 2
MFDX
PIMCO RAFI Dynamic Multi-Factor International Equity ETF
This fund is part of
DM Large & Mid Cap
-0.81%
Fidelity International Multifactor ETF (FDEV) and PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) belong to the same industry segment: DM Large & Mid Cap. FDEV's top 3 sector exposures are Finance, Healthcare and Consumer Non-Cyclicals. In contrast, MFDX's top sector exposures are Finance, Industrials and Non-Energy Materials. FDEV is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.4% for MFDX. FDEV is up 9.86% year-to-date (YTD) with +$35M in YTD flows. MFDX performs better with 11.08% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of FDEV and MFDX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDEV vs MFDX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDEV MFDX | -1.16%-0.89% | +5.05%+0.67% | +9.86%+11.08% | +16.39%+16.92% | +59.74%+65.59% | +46.90%+66.97% |
| Flows | FDEV MFDX | -$207K+$17M | +$10M+$8M | +$35M+$34M | +$62M+$48M | +$194M+$174M | +$210M+$225M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEV MFDX | +8.00%+12.75% | +10.31%+14.21% | +11.21%+13.54% | +12.68%+14.86% |
| Max drawdown | FDEV MFDX | -2.46%-2.81% | -7.72%-10.64% | -9.93%-11.25% | -27.80%-25.97% |
| Max drawdown duration | FDEV MFDX | 15d37d | 150d155d | 29d35d | 861d700d |
Trading data
FDEV | MFDX | |
Last sale 9/18/2026 at 1:30 PM | $37.06 | $42.01 |
| Previous close 09/17/2026 | $37.75 | $42.47 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FDEV | MFDX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FDEV | MFDX | |
|---|---|---|
| Last price | $37.06 | $42.01 |
| 1D performance | -1.84% | -1.06% |
| AuM | $281.50 M | $478.16 M |
| E/R | 0.18% | 0.4% |
Characteristics
FDEV | MFDX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | PIMCO |
| Benchmark | Fidelity International Multifactor Index | RAFI Dynamic Multi-Factor Dev. ex-US Index |
| N° of holdings | 199 | 1194 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2020 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
FDEV
Japan
20.49%
United Kingdom
16.77%
Canada
14.32%
France
8.31%
Other
40.11%
MFDX
Japan
25.65%
United Kingdom
12.83%
Canada
8.35%
Switzerland
8.08%
Other
45.09%
Sectors
FDEV
Finance
25.16%
Healthcare
13.25%
Consumer Non-Cycl.
11.16%
Industrials
11.02%
Energy
8.94%
Utilities
7.65%
Other
22.83%
MFDX
Finance
17.99%
Industrials
15.02%
Non-Energy Materi.
11.56%
Technology
10.06%
Consumer Non-Cycl.
9.59%
Energy
7.89%
Other
27.89%
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Diversification
FDEV
Total weight of top 15 holdings out of 15
19.27%
MFDX
Total weight of top 15 holdings out of 15
11.84%
Top 15 holdings
Data as of July 31, 2026
FDEV
Shell Plc
1.74%
Roche Holding AG
1.56%
Novartis AG
1.47%
Endesa SA
1.43%
AstraZeneca PLC
1.41%
ENGIE SA
1.27%
Canadian Natural Resources Ltd.
1.22%
Equinor ASA
1.22%
Suncor Energy, Inc.
1.22%
Royal Bank of Canada
1.17%
Canadian Utilities Ltd.
1.16%
Quebecor, Inc.
1.14%
Vodafone Group Plc
1.09%
KDDI Corp.
1.09%
Novo Nordisk A/S
1.08%
MFDX
Novartis AG
1.03%
ASML Holding NV
1.03%
Tokyo Electron Ltd.
0.92%
Banco Santander SA
0.92%
Nestlé SA
0.82%
ENGIE SA
0.82%
Rio Tinto Plc
0.79%
BP Plc
0.72%
ABB Ltd.
0.72%
Glencore Plc
0.71%
Zurich Insurance Group AG
0.68%
Roche Holding AG
0.68%
Iberdrola SA
0.67%
Société Générale SA
0.67%
GSK Plc
0.66%
Frequently asked questions about FDEV and MFDX
How have the FDEV and MFDX ETFs performed in 2026?
As of September 18, 2026, FDEV is up 9.86% year-to-date (YTD), while MFDX has returned 11.08%. That puts MFDX better performer ahead so far this year.
Which ETF is attracting more investor money: FDEV or MFDX?
Year-to-date, the FDEV ETF saw +$35M in flows, compared to +$34M for MFDX.
Which ETF is more volatile: FDEV or MFDX?
Over the past year, FDEV had a volatility of 10.31%, while MFDX experienced 14.21%.
Which ETF is bigger: FDEV or MFDX?
As of September 18, 2026, FDEV holds $281.50 M in assets under management (AUM), while MFDX manages $478.16 M.
What sectors do the FDEV and MFDX ETFs invest in?
FDEV leans toward sectors like Finance, Healthcare and Consumer Non-Cyclicals. Meanwhile, MFDX focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the FDEV ETF and MFDX ETF?
FDEV top holdings include Shell Plc, Roche Holding AG and Novartis AG. MFDX holds in its top three: Novartis AG, ASML Holding NV and Tokyo Electron Ltd..
Which ETF is more diversified: FDEV or MFDX?
FDEV holds 199 securities with 19.27% of its assets in the top 15. MFDX has 1196 securities and a top 15 weight of 11.84%.
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