Fidelity International Value ETF (FCIV.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Fidelity International Value ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity International Value ETF (FCIV.TO) has returned 10.05% so far this year and 30.28% over the past 12 months.

Based on dividend-adjusted daily data since Jun 10, 2020, FCIV.TO's average daily return is +0.06%, while the average monthly return is +1.29%. At this rate, your investment would double in approximately 4.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.4%, while the worst month was Jun 2022 at -8.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCIV.TO closed higher 51% of trading days. The best single day was Nov 10, 2020 with a return of +7.2%, while the worst single day was Apr 4, 2025 at -6.6%.

Fidelity International Value ETF has an annualized alpha of 8.53%, beta of 0.54, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 11, 2020.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (63.04%) than losses (27.60%) — typical of diversified or defensive assets.
• Beta of 0.54 may look defensive, but with R² of 0.27 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 0.27 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

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

FCIV.TO ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity International Value ETF (FCIV.TO) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity International Value ETF provided a 1.89% dividend yield over the last twelve months, with an annual payout of CA$0.96 per share.

The table displays the monthly dividend distributions for Fidelity International Value 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 Value 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 Value ETF was 24.27%, occurring on Sep 29, 2022. Recovery took 80 trading sessions.

The current Fidelity International Value ETF drawdown is 3.45%.

The chart below shows the rolling one-month volatility.