Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO)

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Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) is up 5.1% since the beginning of the year. FCQH.TO is currently trading at CA$65 per share. Investors who bought CA$1,000 worth of FCQH.TO shares 5 years ago would now be looking at an investment worth CA$1,581.

Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) has returned 5.08% so far this year and 10.06% over the past 12 months.

Based on dividend-adjusted daily data since Jan 24, 2019, FCQH.TO's average daily return is +0.08%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +16.2%, while the worst month was Jun 2022 at -11.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCQH.TO closed higher 42% of trading days. The best single day was Feb 22, 2019 with a return of +7.3%, while the worst single day was Mar 17, 2020 at -18.8%.

Fidelity U.S. High Quality Currency Neutral ETF has an annualized alpha of 13.38%, beta of 0.32, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 24, 2019.

• This ETF participated in 99.68% of S&P 500 Index downside but only 86.70% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.32 may look defensive, but with R2 of 0.03 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 0.03 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.

FCQH.TO has an expense ratio of 0.38%, placing it in the medium range.

FCQH.TO ranks 26 for risk / return — below 26% 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 U.S. High Quality Currency Neutral ETF provided a 0.69% dividend yield over the last twelve months, with an annual payout of CA$0.45 per share.

The table displays the monthly dividend distributions for Fidelity U.S. High Quality Currency Neutral 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 U.S. High Quality Currency Neutral 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 U.S. High Quality Currency Neutral ETF was 30.90%, occurring on Mar 17, 2020. Recovery took 87 trading sessions.

The current Fidelity U.S. High Quality Currency Neutral ETF drawdown is 0.67%.

The chart below shows the rolling one-month volatility.