Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO)

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Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is up 14.9% since the beginning of the year. FCRR.TO is currently trading at CA$57 per share. Investors who bought CA$1,000 worth of FCRR.TO shares 5 years ago would now be looking at an investment worth CA$1,804.

Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) has returned 14.88% so far this year and 15.20% over the past 12 months.

Based on dividend-adjusted daily data since Sep 18, 2018, FCRR.TO's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +9.2%, while the worst month was Dec 2025 at -11.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCRR.TO closed higher 45% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -10.5%.

Fidelity U.S. Dividend for Rising Rates ETF has an annualized alpha of 6.15%, beta of 0.42, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since September 18, 2018.

• This ETF participated in 95.08% of S&P 500 Index downside but only 88.40% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.42 may look defensive, but with R2 of 0.25 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 0.25 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.

FCRR.TO has an expense ratio of 0.35%, placing it in the medium range.

FCRR.TO ranks 24 for risk / return — below 24% 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. Dividend for Rising Rates ETF provided a 1.55% dividend yield over the last twelve months, with an annual payout of CA$0.89 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Fidelity U.S. Dividend for Rising Rates 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. Dividend for Rising Rates 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. Dividend for Rising Rates ETF was 31.45%, occurring on Mar 23, 2020. Recovery took 199 trading sessions.

The current Fidelity U.S. Dividend for Rising Rates ETF drawdown is 3.84%.

The chart below shows the rolling one-month volatility.