# Fidelity's dividend fund beats BlackRock on value

> A cheaper Fidelity international dividend ETF matches BlackRock's returns while charging less than half the fee.
- Title: Fidelity's dividend fund beats BlackRock on value | Shortify
- Summary: A cheaper Fidelity international dividend ETF matches BlackRock's returns while charging less than half the fee. FIDI charges 0.18% versus IDV's 0.50%…
- Keywords: fidelity, blackrock, etf, international dividend, idv, fidi, expense ratio, total return, dividend yield, developed markets, Fidelity's, dividend
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/09/18/fidelity-runs-an-international-dividend-fund-that-returned-27-and-yields-3-9-its-half-the-price-of-blackrocks
- Author: Ryne Mauck
- Published: 2026-09-18T21:25:21+00:00
- Read time: 1 min
- Topics: fidelity, blackrock, etf, international dividend, idv, fidi, expense ratio, total return, dividend yield, developed markets
## BlackRock's IDV dominates dividend income
IDV targets 100 high-yielding developed-market stocks outside the US and returned 28.3% over the past year with a yield above 5%.

> IDV screens for high-yielding stocks in Europe, the UK, Australia, and Japan, and delivers a payout most US-only income funds cannot match.
## The fee gap compounds silently
IDV charges 0.50% annually while Fidelity's FIDI charges just 0.18%, a 32 basis point difference that costs $320 yearly on a $100,000 position.

> The fee gap is the load-bearing piece of this swap. It is a permanent, contractual haircut that IDV takes off your total return every year.
## FIDI kept pace on total returns
Over the trailing year, FIDI delivered 27% total return versus IDV's 28.3%, nearly matching performance while charging less than half the fee.

> Over the trailing year, FIDI delivered a total return of roughly 27.0%, with a price-only gain of 24.24%. IDV's price-only return was 28.3%.
## FIDI spreads risk across sectors
FIDI holds European energy majors, Canadian banks and pipelines, Japanese autos, Australian utilities, and UK tobacco names with no single position exceeding 3.7%.

> FIDI's top position is Equinor ASA at 3.7%, followed by TotalEnergies at 3.6% and Canadian Natural Resources at 2.9%.
## IDV still wins on current yield
IDV's yield is meaningfully higher than FIDI's 3.89%, and IDV is larger with tighter spreads and deeper liquidity for big trades.

> IDV's yield, based on its recent distribution pace, is meaningfully higher than FIDI's 3.89% yield.
## Tax matters when switching
In tax-advantaged accounts, the switch is simple. In taxable accounts, check your cost basis first to avoid a large capital gains bill.

> If you bought IDV in the last couple of years and are sitting on the roughly 28% one-year gain, the capital gains bill may exceed several years of fee savings.
## FIDI is the better choice for most
For cost-conscious international income investors, FIDI delivers comparable returns with less than half the annual fee, making it the better vehicle going forward.

> FIDI does most of the same job with less than half the annual fee and comparable recent returns.
## Key takeaway

FIDI charges 0.18% versus IDV's 0.50%, saving $320 annually on a $100,000 investment while delivering comparable performance.