Fidelity International Correlations

FDEV Etf

USD 35.13 0.04 0.11%

The current 90-days correlation between Fidelity International and Fidelity Emerging Markets is 0.56 (i.e., Very weak diversification). The correlation of Fidelity International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity International Correlation With Market

Poor diversification

The correlation between Fidelity International Multifa and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity International Multifa and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fidelity Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity International Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Fidelity Etf

0.95	VEA	Vanguard FTSE Developed	Pair Corr
0.92	IEFA	iShares Core MSCI	Pair Corr
0.89	VEU	Vanguard FTSE All	Pair Corr
0.92	EFA	iShares MSCI EAFE	Pair Corr
0.88	IXUS	iShares Core MSCI	Pair Corr
0.94	SPDW	SPDR SP World	Pair Corr
0.95	IDEV	iShares Core MSCI	Pair Corr
0.83	ESGD	iShares ESG Aware	Pair Corr
0.93	JIRE	JP Morgan Exchange	Pair Corr
0.94	DFAX	Dimensional World	Pair Corr
0.8	GDXU	MicroSectors Gold Miners	Pair Corr
0.82	MUU	Direxion Daily MU	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.78	MULL	GraniteShares 2x Long	Pair Corr
0.86	NUGT	Direxion Daily Gold	Pair Corr
0.93	AGQ	ProShares Ultra Silver	Pair Corr
0.9	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.79	SHNY	Microsectors Gold	Pair Corr
0.92	PJFM	PGIM ETF Trust	Pair Corr
0.91	CPSL	Calamos Laddered	Pair Corr
0.88	DDFO	Innovator Equity Dual	Pair Corr
0.91	CALI	iShares Short Term	Pair Corr

Related Correlations Analysis

	FDEM	FIDI	SMLV	HEEM	EPU	FNK	GHYG	AVXC	SIXL	QALT
FDEM		0.6	0.4	0.9	0.57	0.44	0.57	0.81	0.1	0.82	FDEM
FIDI	0.6		0.89	0.83	0.95	0.84	0.91	0.78	0.63	0.81	FIDI
SMLV	0.4	0.89		0.66	0.85	0.96	0.86	0.55	0.72	0.68	SMLV
HEEM	0.9	0.83	0.66		0.82	0.65	0.79	0.91	0.26	0.92	HEEM
EPU	0.57	0.95	0.85	0.82		0.85	0.9	0.75	0.53	0.74	EPU
FNK	0.44	0.84	0.96	0.65	0.85		0.88	0.52	0.71	0.63	FNK
GHYG	0.57	0.91	0.86	0.79	0.9	0.88		0.73	0.56	0.75	GHYG
AVXC	0.81	0.78	0.55	0.91	0.75	0.52	0.73		0.2	0.84	AVXC
SIXL	0.1	0.63	0.72	0.26	0.53	0.71	0.56	0.2		0.38	SIXL
QALT	0.82	0.81	0.68	0.92	0.74	0.63	0.75	0.84	0.38		QALT
	FDEM	FIDI	SMLV	HEEM	EPU	FNK	GHYG	AVXC	SIXL	QALT

Please upgrade your account to get full access to Macroaxis premium features

Fidelity International Constituents Risk-Adjusted Indicators

There is a big difference between Fidelity Etf performing well and Fidelity International ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FDEM	0.65	0.03	0.01	0.10	0.79	(0.70)	1.22	(1.11)	3.82
FIDI	0.48	0.05	0.03	0.14	0.52	(0.49)	1.04	(0.99)	2.15
SMLV	0.66	(0.01)	(0.02)	0.05	0.75	(0.76)	1.57	(1.43)	3.60
HEEM	0.75	0.07	0.07	0.16	0.75	(0.93)	1.76	(1.07)	4.33
EPU	1.32	0.21	0.13	0.22	1.46	(1.39)	2.50	(2.85)	8.25
FNK	0.74	(0.04)	(0.04)	0.03	0.87	(0.85)	1.50	(1.35)	3.70
GHYG	0.20	0.00	(0.23)	0.08	0.19	(0.21)	0.44	(0.33)	1.27
AVXC	0.69	0.14	0.09	0.94	0.77	(0.71)	1.71	(1.22)	4.65
SIXL	0.46	(0.03)	(0.10)	(0.01)	0.65	(0.49)	1.06	(0.79)	3.40
QALT	0.35	0.01	(0.03)	0.09	0.45	(0.40)	0.82	(0.53)	3.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

Fidelity International Correlations

Fidelity International Correlation With Market

Poor diversification

Moving together with Fidelity Etf

Related Correlations Analysis

Fidelity International Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY