BBCA vs. FICDX

Last updated Jun 24, 2026

BBCA (JPMorgan BetaBuilders Canada ETF) and FICDX (Fidelity Canada Fund) are both funds - BBCA is a Canada Equities fund tracking the Morningstar Canada Target Market Exposure Index, while FICDX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 5 years, BBCA returned 11.27%/yr vs 10.25%/yr for FICDX. With a 0.96 correlation, they move nearly in lockstep. BBCA charges 0.19%/yr vs 0.80%/yr for FICDX.

Performance

BBCA vs. FICDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Canada ETF (BBCA) and Fidelity Canada Fund (FICDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBCA achieves a 7.18% return, which is significantly higher than FICDX's 4.52% return.

BBCA

• 1D: -0.69%
• 1M: -1.14%
• YTD: 7.18%
• 6M: 6.09%
• 1Y: 27.27%
• 3Y*: 21.37%
• 5Y*: 11.27%
• 10Y*: —

FICDX

• 1D: -0.28%
• 1M: -1.83%
• YTD: 4.52%
• 6M: 3.55%
• 1Y: 14.49%
• 3Y*: 16.21%
• 5Y*: 10.25%
• 10Y*: 10.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBCA vs. FICDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBCA JPMorgan BetaBuilders Canada ETF	7.18%	34.40%	12.79%	14.92%	-12.53%	28.16%	6.20%	28.93%	-15.39%
FICDX Fidelity Canada Fund	4.52%	25.86%	9.15%	14.66%	-6.14%	26.86%	4.43%	25.82%	-12.93%

Correlation

The correlation between BBCA and FICDX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018	0.96

The correlation between BBCA and FICDX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

BBCA vs. FICDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBCA

BBCA Risk / Return Rank: 65
BBCA Sharpe Ratio Rank: 63
BBCA Sortino Ratio Rank: 59
BBCA Omega Ratio Rank: 59
BBCA Calmar Ratio Rank: 68
BBCA Martin Ratio Rank: 74

FICDX

FICDX Risk / Return Rank: 23
FICDX Sharpe Ratio Rank: 19
FICDX Sortino Ratio Rank: 17
FICDX Omega Ratio Rank: 17
FICDX Calmar Ratio Rank: 31
FICDX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBCA vs. FICDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) and Fidelity Canada Fund (FICDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBCA	FICDX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.15	+0.82
Sortino ratio: Return per unit of downside risk	2.63	1.61	+1.03
Omega ratio: Gain probability vs. loss probability	1.35	1.20	+0.14
Calmar ratio: Return relative to maximum drawdown	3.25	1.96	+1.29
Martin ratio: Return relative to average drawdown	13.15	6.36	+6.79

BBCA vs. FICDX - Sharpe Ratio Comparison

The current BBCA Sharpe Ratio is 1.98, which is higher than the FICDX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of BBCA and FICDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBCA vs. FICDX - Drawdown Comparison

The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum FICDX drawdown of -58.09%. Use the drawdown chart below to compare losses from any high point for BBCA and FICDX.

Drawdown Indicators

	BBCA	FICDX	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-58.09%	+15.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-7.60%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-12.06%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-24.43%	-21.01%	-3.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.85%	—
Current Drawdown Current decline from peak	-2.75%	-3.70%	+0.95%
Average Drawdown Average peak-to-trough decline	-5.84%	-10.51%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.34%	-0.26%

Volatility

BBCA vs. FICDX - Volatility Comparison

JPMorgan BetaBuilders Canada ETF (BBCA) and Fidelity Canada Fund (FICDX) have volatilities of 4.14% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCA	FICDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	3.97%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	10.21%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	12.96%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	15.99%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	17.43%	+2.68%

BBCA vs. FICDX - Expense Ratio Comparison

BBCA has a 0.19% expense ratio, which is lower than FICDX's 0.80% expense ratio.

Dividends

BBCA vs. FICDX - Dividend Comparison

BBCA's dividend yield for the trailing twelve months is around 1.76%, less than FICDX's 5.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBCA JPMorgan BetaBuilders Canada ETF	1.76%	1.83%	2.36%	2.51%	2.65%	2.17%	2.41%	2.32%	1.21%	0.00%	0.00%	0.00%
FICDX Fidelity Canada Fund	5.45%	5.70%	7.44%	3.36%	4.11%	5.16%	2.56%	4.41%	7.33%	0.89%	1.63%	0.15%

Frequently Asked Questions

Can I hold both BBCA and FICDX in my portfolio?

With a correlation of 0.95, BBCA and FICDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBCA or FICDX?

BBCA has higher volatility (4.14%) compared to FICDX (3.97%). In terms of maximum drawdown, BBCA dropped -42.81% vs FICDX's -58.09%.

Which has better risk-adjusted returns?

BBCA currently has the higher Sharpe Ratio (1.98 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.