FIVA
Fidelity® International Value Factor ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
IDMO is a little more volatile, but no risk no reward. It’s been a really impressive international ETF the past 5 years. VXUS may be well diversified but the performance is a snore. Compare VXUS to IDMO, FENI, FIVA, and you’ll see how much better you can potentially do. I use FIVA in my Rollover IRA and I’m very happy with it.
S&P500 is fine for US equities, but no I don’t agree with ONLY doing that. Try to put at minimum 25% allocation to a non-US equity diversified ETF. I don’t know the Canadian equivalents, but I always recommend IDMO, FENI, or FIVA. Might wanna consider a small allocation to a BitCoin ETF as well. I don’t like crypto but if think it’s here to stay.
Individual stocks are always higher risk versus ETFs or mutual funds. AAPL is the only individual stock I have anymore, but I’ve owned it for many years. CRSP has some serious potential, but I grew impatient and sold it. If NVDA or MSFT have another big dip, I might buy some, but it’s kinda silly since they already exist in most index funds. Happy to give you some favorite ETFs though. IDMO is a beast for international, and I’m fond of FIVA as well. I have a small position for ICOP. I genuinely believe copper and copper mining are a smart investment in the coming decades. FSELX is volatile but otherwise a great mutual fund for semiconductors. I contribute a little every week to FBTC. I don’t like cryptocurrency, but sadly I think it’s here to stay. I won’t deny it, it’s performed very well.
Ok, that's a lot of words, largely pasted from Fidelity's site. But let's look at the possible risks you identify. One is "low adherence required to the underlying index"; but the tracking error for FIVA is almost the same as the tracking error of FTEC, Fidelity's single largest ETF that simply tracks the info tech sector. While their documents have a lot of disclaimers, I'm not seeing any evidence of a problem there. Your other criticism, about being vulnerable to "value traps" could be said for ANY "value" factor ETF unless you provide specific criticism of the methodology (which you didn't...). I'm glad you looked up the details, though.
Normally lists like this are meh, but a quick scan of FIVA is actually pretty interesting. Good find. Just gave me a couple hours od analysis to do
Swapped from growth etfs FINX, BOTZ, AIQ, LIT, CTEC, BTEK, BFTR and a couple convertible bond cefs. Into FBCV FMIL, FIVA. I wanted to try out the new actively managed ETFs figured a actively managed value focus would be a good choice to try out.