FCCD.TO vs. FLVC.NEO

Last updated Aug 2, 2026

FCCD.TO (Fidelity Canadian High Dividend Index ETF) and FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) are both exchange-traded funds - FCCD.TO is a Dividend fund tracking the Fidelity Canada Canadian High Dividend Index, while FLVC.NEO is a Canada Equities fund tracking the Franklin Canadian Low Volatility High Dividend Index. Both are passively managed. Over the past year, FCCD.TO returned 32.14% vs 36.38% for FLVC.NEO. Their 0.47 correlation means their historical movements had little consistent relationship. FCCD.TO charges 0.35%/yr vs 0.15%/yr for FLVC.NEO.

Performance

FCCD.TO vs. FLVC.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Canadian High Dividend Index ETF (FCCD.TO) and Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCCD.TO achieves a 16.58% return, which is significantly lower than FLVC.NEO's 21.78% return.

FCCD.TO

• 1D: -0.49%
• 1M: 1.86%
• 6M: 13.58%
• YTD: 16.58%
• 1Y: 32.14%
• 3Y*: 19.66%
• 5Y*: 12.23%
• 10Y*: —
• ALL TIME*: 10.67%

FLVC.NEO

• 1D: 0.33%
• 1M: 3.35%
• 6M: 23.34%
• YTD: 21.78%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.74%

*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)
FCCD.TO Fidelity Canadian High Dividend Index ETF	CA$234.57K	CA$183.58K	CA$169.79K
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	CA$134.83K	CA$145.15K	CA$488.47K

FCCD.TO vs. FLVC.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCCD.TO Fidelity Canadian High Dividend Index ETF	16.58%	25.05%	12.86%
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	21.78%	21.15%	13.79%

Correlation

The correlation between FCCD.TO and FLVC.NEO is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.47

The correlation between FCCD.TO and FLVC.NEO shifts across timeframes, from 0.47 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

FCCD.TO vs. FLVC.NEO - Sectors Allocation Comparison

Sectors	FCCD.TO	FLVC.NEO
Financial Services	29.5%	43.0%
Energy	23.1%	8.8%
Basic Materials	10.6%	0.4%
Consumer Cyclical	10.5%	7.0%
Utilities	9.5%	10.8%
Real Estate	6.8%	-
Communication Services	5.6%	7.5%
Industrials	3.7%	13.7%
Technology	0.5%	2.0%
Consumer Defensive	-	6.9%
Healthcare	-	-

Return for Risk

FCCD.TO vs. FLVC.NEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCCD.TO

FCCD.TO Risk / Return Rank: 96
FCCD.TO Sharpe Ratio Rank: 97
FCCD.TO Sortino Ratio Rank: 97
FCCD.TO Omega Ratio Rank: 96
FCCD.TO Calmar Ratio Rank: 95
FCCD.TO Martin Ratio Rank: 96

FLVC.NEO

FLVC.NEO Risk / Return Rank: 98
FLVC.NEO Sharpe Ratio Rank: 99
FLVC.NEO Sortino Ratio Rank: 98
FLVC.NEO Omega Ratio Rank: 98
FLVC.NEO Calmar Ratio Rank: 98
FLVC.NEO Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCCD.TO vs. FLVC.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Dividend Index ETF (FCCD.TO) and Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO). 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.

	FCCD.TO	FLVC.NEO	Difference
Sharpe ratio: Return per unit of total volatility	3.55	5.06	-1.51
Sortino ratio: Return per unit of downside risk	4.94	7.66	-2.72
Omega ratio: Gain probability vs. loss probability	1.64	2.02	-0.37
Calmar ratio: Return relative to maximum drawdown	5.53	12.45	-6.92
Martin ratio: Return relative to average drawdown	25.39	55.03	-29.65

FCCD.TO vs. FLVC.NEO - Sharpe Ratio Comparison

The current FCCD.TO Sharpe Ratio is 3.55, which is comparable to the FLVC.NEO Sharpe Ratio of 5.06. The chart below compares the historical Sharpe Ratios of FCCD.TO and FLVC.NEO, 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

FCCD.TO vs. FLVC.NEO - Drawdown Comparison

The maximum FCCD.TO drawdown since its inception was -43.53%, which is greater than FLVC.NEO's maximum drawdown of -7.89%. Use the drawdown chart below to compare losses from any high point for FCCD.TO and FLVC.NEO.

Drawdown Indicators

	FCCD.TO	FLVC.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-43.53%	-7.89%	-35.64%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-3.21%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-9.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.24%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.50%	-0.16%
Average Drawdown Average peak-to-trough decline	-6.27%	-0.80%	-5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	0.71%	+0.52%

Volatility

FCCD.TO vs. FLVC.NEO - Volatility Comparison

The current volatility for Fidelity Canadian High Dividend Index ETF (FCCD.TO) is 2.36%, while Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) has a volatility of 2.84%. This indicates that FCCD.TO experiences smaller price fluctuations and is considered to be less risky than FLVC.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCCD.TO	FLVC.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.84%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	6.96%	5.74%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	7.91%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.50%	11.38%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	11.38%	+5.58%

FCCD.TO vs. FLVC.NEO - Expense Ratio Comparison

FCCD.TO has a 0.35% expense ratio, which is higher than FLVC.NEO's 0.15% expense ratio.

Dividends

FCCD.TO vs. FLVC.NEO - Dividend Comparison

FCCD.TO's dividend yield for the trailing twelve months is around 2.98%, less than FLVC.NEO's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCCD.TO Fidelity Canadian High Dividend Index ETF	2.98%	3.56%	4.27%	4.65%	4.01%	3.02%	4.74%	3.80%	0.16%
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	4.70%	4.96%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCCD.TO and FLVC.NEO in my portfolio?

FCCD.TO and FLVC.NEO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCCD.TO or FLVC.NEO?

On fees, FLVC.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCCD.TO or FLVC.NEO?

FLVC.NEO is cheaper with a 0.15% expense ratio, compared with 0.35% for FCCD.TO.

What is the main difference between FCCD.TO and FLVC.NEO?

FCCD.TO is categorized as Dividend, while FLVC.NEO is Canada Equities. FCCD.TO tracks Fidelity Canada Canadian High Dividend Index, while FLVC.NEO tracks Franklin Canadian Low Volatility High Dividend Index. They also come from different issuers: Fidelity and Franklin Templeton. Their fees differ too: 0.35% for FCCD.TO and 0.15% for FLVC.NEO.