ESGY.TO vs. FCUQ.TO

Last updated Jul 25, 2026

ESGY.TO (BMO MSCI USA Selection Equity Index ETF) and FCUQ.TO (Fidelity U.S. High Quality ETF) are both exchange-traded funds - ESGY.TO is a Large Cap Blend Equities fund tracking the MSCI USA Selection Index, while FCUQ.TO is a Quality Factor fund tracking the Fidelity Canada U.S. High Quality Index. Both are passively managed. Over the past 5 years, ESGY.TO returned 14.45%/yr vs 12.37%/yr for FCUQ.TO. A 0.63 correlation means they provide meaningful diversification when combined. ESGY.TO charges 0.23%/yr vs 0.35%/yr for FCUQ.TO.

Performance

ESGY.TO vs. FCUQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and Fidelity U.S. High Quality ETF (FCUQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGY.TO achieves a 9.51% return, which is significantly higher than FCUQ.TO's 8.85% return.

ESGY.TO

• 1D: 0.19%
• 1M: -0.88%
• 6M: 7.44%
• YTD: 9.51%
• 1Y: 20.46%
• 3Y*: 21.11%
• 5Y*: 14.45%
• 10Y*: —
• ALL TIME*: 15.76%

FCUQ.TO

• 1D: 0.90%
• 1M: 0.82%
• 6M: 8.63%
• YTD: 8.85%
• 1Y: 11.89%
• 3Y*: 16.31%
• 5Y*: 12.37%
• 10Y*: —
• ALL TIME*: 15.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGY.TO BMO MSCI USA Selection Equity Index ETF	CA$61.83K	CA$62.00K	CA$52.95K
FCUQ.TO Fidelity U.S. High Quality ETF	CA$166.72K	CA$142.22K	CA$184.73K

ESGY.TO vs. FCUQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGY.TO BMO MSCI USA Selection Equity Index ETF	9.51%	13.67%	33.83%	26.54%	-15.46%	30.67%	11.27%
FCUQ.TO Fidelity U.S. High Quality ETF	8.85%	4.69%	32.91%	20.08%	-11.46%	31.71%	6.90%

Correlation

The correlation between ESGY.TO and FCUQ.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.63

The correlation between ESGY.TO and FCUQ.TO shifts across timeframes, from 0.63 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.

ESGY.TO vs. FCUQ.TO - Sectors Allocation Comparison

Sectors	ESGY.TO	FCUQ.TO
Technology	36.3%	44.6%
Communication Services	13.3%	3.3%
Financial Services	10.5%	5.6%
Healthcare	9.7%	3.2%
Consumer Cyclical	9.4%	9.1%
Industrials	8.5%	12.3%
Consumer Defensive	5.4%	10.1%
Real Estate	2.1%	1.6%
Basic Materials	2.0%	5.9%
Energy	1.9%	-
Utilities	0.9%	-

Return for Risk

ESGY.TO vs. FCUQ.TO — Risk / Return Rank

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

ESGY.TO

ESGY.TO Risk / Return Rank: 65
ESGY.TO Sharpe Ratio Rank: 70
ESGY.TO Sortino Ratio Rank: 72
ESGY.TO Omega Ratio Rank: 70
ESGY.TO Calmar Ratio Rank: 54
ESGY.TO Martin Ratio Rank: 58

FCUQ.TO

FCUQ.TO Risk / Return Rank: 35
FCUQ.TO Sharpe Ratio Rank: 39
FCUQ.TO Sortino Ratio Rank: 38
FCUQ.TO Omega Ratio Rank: 37
FCUQ.TO Calmar Ratio Rank: 28
FCUQ.TO Martin Ratio Rank: 33

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.

ESGY.TO vs. FCUQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and Fidelity U.S. High Quality ETF (FCUQ.TO). 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.

	ESGY.TO	FCUQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.96	+0.65
Sortino ratio: Return per unit of downside risk	2.35	1.42	+0.93
Omega ratio: Gain probability vs. loss probability	1.30	1.17	+0.12
Calmar ratio: Return relative to maximum drawdown	1.93	0.98	+0.95
Martin ratio: Return relative to average drawdown	6.94	3.16	+3.77

ESGY.TO vs. FCUQ.TO - Sharpe Ratio Comparison

The current ESGY.TO Sharpe Ratio is 1.61, which is higher than the FCUQ.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of ESGY.TO and FCUQ.TO, 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

ESGY.TO vs. FCUQ.TO - Drawdown Comparison

The maximum ESGY.TO drawdown since its inception was -26.36%, smaller than the maximum FCUQ.TO drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for ESGY.TO and FCUQ.TO.

Drawdown Indicators

	ESGY.TO	FCUQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.36%	-27.90%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-12.14%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-20.83%	-16.47%	-4.36%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-22.73%	-0.16%
Current Drawdown Current decline from peak	-3.59%	-2.80%	-0.79%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.81%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.77%	-0.81%

Volatility

ESGY.TO vs. FCUQ.TO - Volatility Comparison

The current volatility for BMO MSCI USA Selection Equity Index ETF (ESGY.TO) is 3.27%, while Fidelity U.S. High Quality ETF (FCUQ.TO) has a volatility of 3.89%. This indicates that ESGY.TO experiences smaller price fluctuations and is considered to be less risky than FCUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGY.TO	FCUQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.89%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	10.16%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	12.46%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	14.75%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	24.14%	-7.33%

ESGY.TO vs. FCUQ.TO - Expense Ratio Comparison

ESGY.TO has a 0.23% expense ratio, which is lower than FCUQ.TO's 0.35% expense ratio.

Dividends

ESGY.TO vs. FCUQ.TO - Dividend Comparison

ESGY.TO's dividend yield for the trailing twelve months is around 0.63%, less than FCUQ.TO's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ESGY.TO BMO MSCI USA Selection Equity Index ETF	0.63%	0.66%	0.79%	1.16%	1.34%	1.12%	1.44%	0.00%
FCUQ.TO Fidelity U.S. High Quality ETF	0.73%	0.74%	0.78%	0.89%	1.06%	0.77%	1.22%	0.86%

Frequently Asked Questions

Can I hold both ESGY.TO and FCUQ.TO in my portfolio?

ESGY.TO and FCUQ.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGY.TO or FCUQ.TO?

On fees, ESGY.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGY.TO or FCUQ.TO?

ESGY.TO is cheaper with a 0.23% expense ratio, compared with 0.35% for FCUQ.TO.

What is the main difference between ESGY.TO and FCUQ.TO?

ESGY.TO is categorized as Large Cap Blend Equities, while FCUQ.TO is Quality Factor. ESGY.TO tracks MSCI USA Selection Index, while FCUQ.TO tracks Fidelity Canada U.S. High Quality Index. They also come from different issuers: BMO and Fidelity. Their fees differ too: 0.23% for ESGY.TO and 0.35% for FCUQ.TO.