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ETFs

Fidelity International Value Factor ETF

FIVA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 16, 2018
Expense Ratio
0.39%
Type
Global Ex. US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$666,252
AUM
$67,230,826
Associated Index
Fidelity International Value Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NESN
Nestle SA
2.29%
NOVN
Novartis AG - Registered Shares
1.74%
SHEL
Shell Plc
1.66%
8306
Mitsubishi UFJ Financial Group, Inc.
1.63%
9433
KDDI Corp.
1.56%
AZN
Astrazeneca plc
1.54%
SAP
Sap SE
1.53%
2914
Japan Tobacco Inc.
1.48%
ROG
Roche Holding AG
1.46%
MC
Lvmh Moet Hennessy Vuitton SE
1.44%
Invest with FIVA

What is FIVA?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity International Value Factor Index Index, which is designed to reflect the performance of large and mid-capitalization developed international stocks that have attractive valuations.

ETFs related toFIVA

ETFs correlated to FIVA include MFDX, FNDF, PXF

FIVA
Fidelity Covington Trust - Fidelity International Value Factor ETF
MFDX
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor International Equity ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFIVA

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FIVA using Composer

FAQ

FIVA is a Global Ex. US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity International Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity International Value Factor Index Index, which is designed to reflect the performance of large and mid-capitalization developed international stocks that have attractive valuations.

FIVA tracks the Fidelity International Value Factor Index.

No, FIVA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FIVA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FIVA is 0.0147%. This is the percent change in the value of FIVA over the most recent 1-month period. The 3-month return on FIVA is 0.0209%. This is the percent change in the value of FIVA over the most recent 3-month period.

The standard deviation of FIVA for the past year is 0.1715%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FIVA include PBW, IGF, and ARKK.

ETFs correlated to FIVA include MFDX, FNDF, and PXF.

ETFs that are inversely correlated to FIVA include EFZ, EPV, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.