
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.

Fidelity International Value Factor ETF offers low-cost, value-focused exposure to ex-US developed markets, emphasizing large and mega caps with a European tilt. FIVA has outperformed the ex-US benchmark IDEV since 2018, but recent returns lag behind several key competitors. FIVA is suitable for investors seeking international diversification with a value tilt, though DFIV and IVLU are strong alternatives.

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.