
This fund aims to identify and invest in international companies whose stock prices appear low when measured against their underlying financial strength. This investment approach, focusing on undervalued foreign equities, has historically demonstrated a consistent tendency to deliver superior returns compared to the broader market over the long term.
Is FIVA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

While American investors have spent the last decade celebrating the Magnificent Seven and paying premium multiples for U.S.

Key Takeaways Value firms may offer more durability and returns over time in a volatile near- to medium-term outlook.

The Nasdaq 100 is down more than 6% year-to-date. Meanwhile, the broad international developed market benchmark has held up far better.

The S&P 500 is down 1.6% so far in 2026. Meanwhile, emerging markets are up sharply, developed international markets are outperforming, and a decade-long valuation gap between US and non-US equities is finally closing.

Fidelity International Value Factor ETF (FIVA) offers low-cost, value-oriented international equity exposure, trading at a 14.19x P/E and yielding 2.52%. FIVA is positioned to benefit from ongoing investor rotation into value stocks and international diversification amid concerns over US growth and AI-driven market concentration. Recent share price declines, potentially driven by Middle East disruptions, present a potential buy opportunity as energy-related risks may be short-lived.