Fidelity International High Quality ETF (FCIQ.TO)

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Fidelity International High Quality ETF (FCIQ.TO) is up 12.6% since the beginning of the year. FCIQ.TO is currently trading at CA$49 per share. Investors who bought CA$1,000 worth of FCIQ.TO shares 5 years ago would now be looking at an investment worth CA$1,386.

Fidelity International High Quality ETF (FCIQ.TO) has returned 12.55% so far this year and 13.05% over the past 12 months.

Based on dividend-adjusted daily data since Jan 18, 2019, FCIQ.TO's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2022 with a return of +13.2%, while the worst month was Jan 2022 at -9.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FCIQ.TO closed higher 48% of trading days. The best single day was Mar 17, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -11.8%.

Fidelity International High Quality ETF has an annualized alpha of 2.14%, beta of 0.54, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since January 18, 2019.

• This ETF participated in 85.15% of S&P 500 Index downside but only 70.77% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.54 may look defensive, but with R2 of 0.45 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

FCIQ.TO has an expense ratio of 0.45%, placing it in the medium range.

FCIQ.TO ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Fidelity International High Quality ETF provided a 1.18% dividend yield over the last twelve months, with an annual payout of CA$0.58 per share.

The table displays the monthly dividend distributions for Fidelity International High Quality ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity International High Quality ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity International High Quality ETF was 32.88%, occurring on Sep 27, 2022. Recovery took 425 trading sessions.

The current Fidelity International High Quality ETF drawdown is 1.23%.

The chart below shows the rolling one-month volatility.