Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO)

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Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is up 10.3% since the beginning of the year. FCUH.TO is currently trading at CA$37 per share. Investors who bought CA$1,000 worth of FCUH.TO shares 5 years ago would now be looking at an investment worth CA$1,488.

Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) has returned 10.30% so far this year and 10.83% over the past 12 months.

Based on dividend-adjusted daily data since Sep 18, 2018, FCUH.TO's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +14.2%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCUH.TO closed higher 47% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 12, 2020 at -15.3%.

Fidelity U.S. High Dividend Currency Neutral ETF has an annualized alpha of 0.39%, beta of 0.55, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since September 18, 2018.

• This ETF participated in 104.32% of S&P 500 Index downside but only 78.23% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.55 may look defensive, but with R2 of 0.31 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 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

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

FCUH.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 U.S. High Dividend Currency Neutral ETF provided a 2.48% dividend yield over the last twelve months, with an annual payout of CA$0.91 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity U.S. High Dividend 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 Dividend 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 Dividend Currency Neutral ETF was 45.06%, occurring on Mar 23, 2020. Recovery took 226 trading sessions.

The current Fidelity U.S. High Dividend Currency Neutral ETF drawdown is 1.29%.

The chart below shows the rolling one-month volatility.