IDEV ETF

The iShares Core MSCI International Developed Markets ETF focuses on stocks from developed markets outside the US, particularly in Japan, the UK, and Canada. The earnings yield for IDEV holdings is about 2% lower than that of the S&P 500, but they provide a better dividend yield. Additionally, the expected GDP growth for IDEV holdings is only 0.7% less than that of the US, suggesting that the current discount is too high.

The momentum of large-cap tech stocks in the US might change towards international markets. You might want to look at the iShares Core MSCI International Developed Markets ETF for a more varied investment. This ETF includes 2,224 diverse companies from 20 different countries, has low fees, and offers a balanced mix of sectors.

The iShares Core MSCI International Developed Markets ETF has not performed as well as the S&P 500 because it has a lower exposure to the information technology sector. IDEV has not fully recovered from its low in October 2022, while the S&P 500 has exceeded its previous peak. IDEV's limited exposure to technology and its lower returns make it less appealing compared to the S&P 500.