FDEV vs PIO
Comparison between FIDELITY INTERNATIONAL MULTIFACTOR ETF (FDEV, ETF) and INVESCO GLOBAL WATER ETF (PIO, ETF).
5-Year PerformanceFDEV has outperformed PIO, delivering a return of +7.0% compared to +3.2%
FDEV vs PIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FDEV
$269M
PIO
$269M
Expense Ratio
Winner
FDEV
0.18%
PIO
0.75%
Max Drawdown
Winner
FDEV
31.73%
PIO
65.37%
Sharpe Ratio
Winner
FDEV
1.04
PIO
-0.14
5Y Beta
Winner
FDEV
0.52
PIO
0.75
5Y Dividends CAGR
Winner
FDEV
12.95%
PIO
10.03%
FDEV vs PIO - Holdings Comparison
FDEV and PIO have 1 common holdings. Overlap is -0.07%
FDEV's top 25 holdings weight is 26.89%. PIO's top 25 holdings weight is 94.19%.
| Rank | FDEV | PIO |
|---|---|---|
| #1 | SHELL PLC (n/a) - 1.81% | EBARA CORP (n/a) - 8.83% |
| #2 | ASTRAZENECA PLC (AZN:XLON) - 1.50% | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 8.24% |
| #3 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.40% | ROPER TECHNOLOGIES INC (ROP) - 7.99% |
| #4 | NOVARTIS AG REGISTERED SHARES (n/a) - 1.37% | ECOLAB INC (ECL) - 7.20% |
| #5 | ENGIE SA (n/a) - 1.37% | PENTAIR PLC (PNR) - 6.47% |
| #6 | CANADIAN NATURAL RESOURCES LTD (n/a) - 1.35% | WATERS CORP (WAT) - 4.63% |
| #7 | ENDESA SA (n/a) - 1.34% | VEOLIA ENVIRONNEMENT SA (n/a) - 4.22% |
| #8 | SUNCOR ENERGY INC (n/a) - 1.28% | FERGUSON ENTERPRISES INC (FERG) - 3.80% |
| #9 | QUEBECOR INC SHS -B- SUBORD.VOTING (QBCRF) - 1.24% | HALMA PLC (n/a) - 3.68% |
| #10 | EQUINOR ASA (n/a) - 1.22% | AMERICAN WATER WORKS CO INC (AWK) - 3.47% |
| #11 | CENTRICA PLC (n/a) - 1.13% | STANTEC INC (n/a) - 3.42% |
| #12 | ITALGAS SPA (n/a) - 1.11% | GEBERIT AG (n/a) - 3.34% |
| #13 | n/a (n/a) - 1.10% | XYLEM INC (XYL) - 3.05% |
| #14 | ROYAL BANK OF CANADA (RY) - 1.08% | COWAY (n/a) - 3.02% |
| #15 | VODAFONE GROUP PLC (n/a) - 1.04% | VERALTO CORP (VLTO) - 2.72% |
| #16 | KDDI CORP (n/a) - 1.03% | ORGANO CORP (n/a) - 2.62% |
| #17 | DRAX GROUP PLC (n/a) - 1.01% | IDEX CORP (IEX) - 2.37% |
| #18 | TOKYO GAS CO LTD (n/a) - 1.00% | BELIMO HOLDING AG (n/a) - 2.37% |
| #19 | KONINKLIJKE KPN NV (n/a) - 1.00% | KURITA WATER INDUSTRIES LTD (n/a) - 2.25% |
| #20 | ARC RESOURCES LTD (n/a) - 0.99% | AECOM (ACM) - 1.93% |
| #21 | IPSEN SA (n/a) - 0.52% | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 1.91% |
| #22 | ITOCHU CORP (n/a) - 0.51% | SEVERN TRENT PLC (n/a) - 1.88% |
| #23 | HOCHTIEF AG (n/a) - 0.50% | CORE & MAIN INC CLASS A (CNM) - 1.84% |
| #24 | CAIXABANK SA (n/a) - 0.50% | GEORG FISCHER AG (n/a) - 1.52% |
| #25 | SUNTORY BEVERAGE & FOOD LTD (n/a) - 0.49% | ARCADIS NV (n/a) - 1.42% |
| Total Holdings | 190 | 46 |
FDEV vs PIO - Historical Returns
Returns include dividend reinvestment.
1M
FDEV
+0.33%
Winner
PIO
+2.48%
3M
FDEV
+1.80%
Winner
PIO
+1.94%
6M
Winner
FDEV
+6.33%
PIO
+0.85%
1Y
Winner
FDEV
+15.31%
PIO
+3.34%
5Y(CAGR)
Winner
FDEV
+7.04%
PIO
+3.21%
10Y(CAGR)
FDEV
N/A
PIO
+9.01%
Max(CAGR)
Winner
FDEV
+8.20%
PIO
+4.44%
FDEV vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | FDEV | PIO |
|---|---|---|
| 2026 | +4.81% | +0.48% |
| 2025 | +30.59% | +14.88% |
| 2024 | +6.77% | +0.77% |
| 2023 | +13.09% | +21.34% |
| 2022 | -16.50% | -23.40% |
| 2021 | +10.36% | +26.12% |
| 2020 | +4.72% | +13.96% |
| 2019 | +10.06% | +35.07% |
| 2018 | N/A | -9.66% |
| 2017 | N/A | +26.39% |
| 2016 | N/A | +1.84% |
| 2015 | N/A | -7.16% |
| 2014 | N/A | +2.10% |
| 2013 | N/A | +28.16% |
| 2012 | N/A | +14.11% |
| 2011 | N/A | -21.57% |
| 2010 | N/A | +9.36% |
| 2009 | N/A | +36.58% |
| 2008 | N/A | -44.55% |
| 2007 | N/A | +0.08% |
FDEV vs PIO Drawdown Comparison
The maximum drawdown for FDEV was -30.10%, occurring on Mar 23, 2020. Recovery took 218 trading sessions.
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The current FDEV drawdown is -3.27%. The current PIO drawdown is -8.09%.
| Rank | FDEV | PIO |
|---|---|---|
| #1 | -30.10% Jan 17, 2020 - Nov 27, 2020 | -64.88% Oct 31, 2007 - Jun 9, 2014 |
| #2 | -29.01% Sep 3, 2021 - Jul 12, 2024 | -35.76% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -9.82% Mar 19, 2025 - Apr 22, 2025 | -34.27% Dec 29, 2021 - Mar 28, 2024 |
| #4 | -8.82% Sep 26, 2024 - Mar 5, 2025 | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | -8.44% Feb 27, 2026 - Mar 20, 2026 | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | -5.85% Jul 3, 2019 - Oct 28, 2019 | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | -5.44% Feb 16, 2021 - Apr 5, 2021 | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | -4.81% Jul 12, 2024 - Aug 16, 2024 | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | -3.89% Nov 12, 2025 - Nov 28, 2025 | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | -3.82% Jan 8, 2021 - Feb 12, 2021 | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | -3.59% Jul 23, 2025 - Aug 13, 2025 | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | -3.01% Jun 15, 2021 - Jul 28, 2021 | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | -2.90% May 7, 2021 - May 24, 2021 | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | -2.61% Sep 12, 2025 - Oct 27, 2025 | -5.98% May 3, 2019 - Jun 20, 2019 |
| #15 | -2.48% Oct 27, 2025 - Nov 11, 2025 | -5.80% Oct 12, 2020 - Nov 5, 2020 |
Correlation
Correlation between FDEV and PIO is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2008 - 2026)
FDEV vs PIO dividend yield comparison.
| Year | FDEV | PIO |
|---|---|---|
| 2026 | 0.69% | 0.10% |
| 2025 | 2.86% | 1.04% |
| 2024 | 2.99% | 0.78% |
| 2023 | 2.80% | 0.84% |
| 2022 | 2.65% | 1.02% |
| 2021 | 2.81% | 1.19% |
| 2020 | 1.88% | 0.88% |
| 2019 | 2.73% | 1.20% |
| 2018 | 0.00% | 2.00% |
| 2017 | 0.00% | 1.00% |
| 2016 | 0.00% | 1.45% |
| 2015 | 0.00% | 1.63% |
| 2014 | 0.00% | 1.42% |
| 2013 | 0.00% | 1.50% |
| 2012 | 0.00% | 1.82% |
| 2011 | 0.00% | 1.63% |
| 2010 | 0.00% | 0.87% |
| 2009 | 0.00% | 1.27% |
| 2008 | 0.00% | 1.38% |
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