GET DAILY SIGNALSFidelity International Value Factor ETF (FIVA): A Practical Look at International Value Exposure
Key Takeaways
- FIVA tracks the Fidelity International Value Factor Index, a rules-based portfolio of large- and mid-capitalization developed-market (ex-U.S.) companies with attractive valuations, spanning roughly 128 holdings.
- Financials (about 26%) and Industrials (about 19%) anchor the portfolio, with meaningful geographic exposure to Japan, Canada, the United Kingdom, and continental Europe.
- The fund's value screens emphasize free cash flow yield, EBITDA-to-enterprise-value, tangible book-to-price, and forward earnings across a broad, market-like country and sector mix.
- FIVA has been essentially flat over the trailing 30 days and pulled back modestly over the trailing quarter, reflecting a cooling in international value leadership after a strong run.
- A low net expense ratio of 0.18% and a dividend yield near 2.8% support cost efficiency and income generation for long-term holders.
- For more detail on valuation levels and near-term signals, explore FIVA's Price Targets and Forecast on dedicated pages.
- Discover automated strategies and momentum opportunities with Trending AI Robots.
FIVA's Core Strategy and Portfolio Composition
The Fidelity International Value Factor ETF (FIVA) seeks to provide investment returns that correspond, before fees and expenses, to the performance of the Fidelity International Value Factor Index. The index targets large- and mid-capitalization stocks of developed-market companies outside the United States that score favorably on value metrics, making this a passive, rules-based vehicle rather than an actively managed or leveraged fund. FIVA typically invests at least 80% of assets in index securities and depositary receipts, using a full-replication approach without currency hedging.
The fund holds roughly 128 stocks, with a weighted average market capitalization near $100 billion and a pronounced large-cap tilt. Sector allocation is led by Financials at approximately 26% of net assets, followed by Industrials (about 19%), Information Technology (roughly 10%), Health Care (about 8%), and Materials (near 8%). By geography, Japan is the largest country weight at around 23%, followed by Canada, Germany, France, and the United Kingdom. Top holdings include ASML Holding, Mitsubishi UFJ Financial Group, Banco Santander, Roche Holding, KDDI, Toyota Motor, Nestlé, Toronto-Dominion Bank (TD), Novartis, and AstraZeneca (AZN). The net expense ratio is 0.18%, and the fund distributes dividends quarterly. I also checked this using Tickeron’s AI Screener to see how the fund compares to others in the industry.
Industry and Thematic Landscape
FIVA operates at the intersection of two durable investment themes: international diversification and the value factor. International developed-market equities offer investors exposure to earnings streams denominated in multiple currencies and to industries less represented in U.S. benchmarks, such as Japanese banking, European industrials, and global energy majors. The value factor, meanwhile, seeks companies trading at lower multiples of earnings, book value, and cash flow relative to their growth-oriented peers.
The broader macroeconomic environment shapes this positioning. The portfolio's heavy Financials allocation makes it sensitive to central bank rate paths and credit conditions across Japan, Europe, and Canada, while its Industrials and Materials weight links it to global manufacturing, infrastructure, and commodity demand. Energy exposure through companies such as Shell and TotalEnergies ties performance partly to oil and gas prices. A strong U.S. dollar can also pressure returns, since FIVA's foreign holdings are translated back into dollars without hedging.
Performance and Positioning Snapshot
FIVA has traded in a relatively tight range in recent weeks. Over the trailing 30 days the fund has been essentially flat, edging slightly higher while remaining well below its 52-week high. Over the trailing quarter, the fund has pulled back modestly—roughly 5% to 6%—after an extended period of strength that carried it toward the upper end of its range.
This consolidation reflects a few identifiable drivers. International value stocks had outperformed meaningfully earlier in the cycle, supported by rising interest rates, resilient bank profitability, and a rotation away from high-multiple growth names. More recently, that leadership has cooled as investors reassess global growth prospects and central bank policy trajectories. The fund's largest holdings—including heavyweight semiconductor equipment supplier ASML and major Japanese and European banks—remain structurally relevant, but their contributions have become more mixed as cyclical enthusiasm has tempered. With a price-to-earnings ratio near 12 and a forward multiple near 11, the portfolio retains a distinctly value-oriented valuation profile relative to broader global benchmarks. From what I see, this valuation profile continues to stand out.
2026 Outlook and Key Factors to Monitor
Several structural factors are likely to shape FIVA through 2026. Central bank policy across Japan, Europe, and Canada will remain pivotal, given the fund's heavy Financials exposure and its sensitivity to credit and net interest margins. Inflation trajectories and interest-rate expectations will also influence the relative appeal of value versus growth equities. The earnings cycle for major holdings—spanning semiconductors, banking, energy, and healthcare—will be a key driver of sector leadership.
Capital flows into international and value-oriented strategies, currency movements in the dollar, and geopolitical developments affecting trade and energy markets represent additional variables. Regulatory changes in European banking and energy policy could also affect the portfolio's largest weights. FIVA's low cost, diversified country and sector footprint, and income component position it as a structural allocation tool, but its returns will ultimately depend on whether the value factor and non-U.S. developed markets sustain momentum into the next phase of the cycle. I'm watching this closely for any shifts in those macro drivers.
Enhancing ETF Analysis with AI Tools
In my own research process, I often turn to Tickeron’s AI Screener to scan for comparable international value opportunities and test different filters against current market conditions. It provides a straightforward way to layer technical signals and fundamentals onto an ETF review like this one, helping refine allocation decisions without replacing core due diligence.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for FIVA turns negative, indicating new downward trend
FIVA saw its Momentum Indicator move below the 0 level on November 06, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned negative. In 66 of the 85 cases, the stock moved further down in the following days. The odds of a decline are at 78%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 44 of 61 cases where FIVA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 72%.
FIVA moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FIVA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
FIVA broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FIVA's RSI Oscillator exited the oversold zone, 20 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for FIVA just turned positive on October 15, 2026. Looking at past instances where FIVA's MACD turned positive, the stock continued to rise in 39 of 48 cases over the following month. The odds of a continued upward trend are 81%.
Following a +0.63% 3-day Advance, the price is estimated to grow further. Considering data from situations where FIVA advanced for three days, in 279 of 331 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
The Aroon Indicator entered an Uptrend today. In 312 of 381 cases where FIVA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.
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