Fidelity U.S. Value Currency Neutral ETF (FCVH.TO)

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Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) is up 13.6% since the beginning of the year. FCVH.TO is currently trading at CA$25 per share. Investors who bought CA$1,000 worth of FCVH.TO shares 5 years ago would now be looking at an investment worth CA$2,261.

Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) has returned 13.62% so far this year and 34.00% over the past 12 months.

Based on dividend-adjusted daily data since Jun 5, 2020, FCVH.TO's average daily return is +0.08%, while the average monthly return is +1.71%. At this rate, an investment would double in approximately 3.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Oct 2022 with a return of +14.2%, while the worst month was Jun 2022 at -11.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCVH.TO closed higher 34% of trading days. The best single day was Oct 26, 2022 with a return of +8.5%, while the worst single day was Sep 23, 2022 at -7.9%.

Fidelity U.S. Value Currency Neutral ETF has an annualized alpha of 14.12%, beta of 0.38, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since June 05, 2020.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.84%) than losses (66.92%) - typical of diversified or defensive assets.
• Beta of 0.38 may look defensive, but with R2 of 0.15 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 0.15 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.

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

FCVH.TO ranks 90 for risk / return — in the top 90% 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.

Fidelity U.S. Value Currency Neutral ETF provided a 0.81% dividend yield over the last twelve months, with an annual payout of CA$0.20 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity U.S. Value 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. Value 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. Value Currency Neutral ETF was 20.54%, occurring on Sep 26, 2022. Recovery took 192 trading sessions.

The current Fidelity U.S. Value Currency Neutral ETF drawdown is 0.20%.

The chart below shows the rolling one-month volatility.