FCCD.TO vs. VGH.TO

Last updated Jun 4, 2026

FCCD.TO (Fidelity Canadian High Dividend Index ETF) and VGH.TO (Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged) are both Dividend funds - FCCD.TO tracks the Fidelity Canada Canadian High Dividend Index while VGH.TO tracks the S&P U.S. Dividend Growers Index (CAD-hedged). Both are passively managed. Over the past 5 years, FCCD.TO returned 12.03%/yr vs 8.84%/yr for VGH.TO. A 0.62 correlation means they provide meaningful diversification when combined. FCCD.TO charges 0.35%/yr vs 0.31%/yr for VGH.TO.

Performance

FCCD.TO vs. VGH.TO - 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 Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCCD.TO achieves a 14.15% return, which is significantly higher than VGH.TO's 6.70% return.

FCCD.TO

• 1D: -0.07%
• 1M: 3.50%
• YTD: 14.15%
• 6M: 15.72%
• 1Y: 32.15%
• 3Y*: 19.49%
• 5Y*: 12.03%
• 10Y*: —

VGH.TO

• 1D: 0.07%
• 1M: 4.04%
• YTD: 6.70%
• 6M: 5.84%
• 1Y: 17.06%
• 3Y*: 14.24%
• 5Y*: 8.84%
• 10Y*: 11.43%

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

FCCD.TO vs. VGH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FCCD.TO Fidelity Canadian High Dividend Index ETF	14.15%	25.05%	16.92%	3.35%	-4.04%	29.46%	-8.44%	20.71%	-8.21%
VGH.TO Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged	6.70%	11.44%	15.35%	12.77%	-11.08%	22.47%	12.97%	27.74%	-12.31%

Correlation

The correlation between FCCD.TO and VGH.TO is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 19, 2018	0.62

The correlation between FCCD.TO and VGH.TO shifts across timeframes, from 0.52 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

FCCD.TO vs. VGH.TO - Sectors Allocation Comparison

Sectors	FCCD.TO	VGH.TO
Financial Services	26.4%	20.6%
Energy	25.0%	3.5%
Basic Materials	11.9%	3.5%
Consumer Cyclical	10.5%	4.7%
Utilities	9.5%	3.2%
Real Estate	6.4%	-
Communication Services	6.2%	0.5%
Industrials	3.6%	11.8%
Technology	0.5%	26.2%
Consumer Defensive	-	10.1%
Healthcare	-	16.5%

Return for Risk

FCCD.TO vs. VGH.TO — Risk / Return Rank

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

FCCD.TO

FCCD.TO Risk / Return Rank: 94
FCCD.TO Sharpe Ratio Rank: 95
FCCD.TO Sortino Ratio Rank: 96
FCCD.TO Omega Ratio Rank: 95
FCCD.TO Calmar Ratio Rank: 90
FCCD.TO Martin Ratio Rank: 94

VGH.TO

VGH.TO Risk / Return Rank: 47
VGH.TO Sharpe Ratio Rank: 49
VGH.TO Sortino Ratio Rank: 51
VGH.TO Omega Ratio Rank: 47
VGH.TO Calmar Ratio Rank: 41
VGH.TO Martin Ratio Rank: 49

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.

FCCD.TO vs. VGH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Dividend Index ETF (FCCD.TO) and Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.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.

	FCCD.TO	VGH.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.87	1.68	+2.19
Sortino ratio: Return per unit of downside risk	5.43	2.46	+2.97
Omega ratio: Gain probability vs. loss probability	1.74	1.30	+0.44
Calmar ratio: Return relative to maximum drawdown	5.70	2.03	+3.67
Martin ratio: Return relative to average drawdown	27.08	8.05	+19.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCCD.TO vs. VGH.TO - Sharpe Ratio Comparison

The current FCCD.TO Sharpe Ratio is 3.87, which is higher than the VGH.TO Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of FCCD.TO and VGH.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.

Sharpe Ratios by Period

	FCCD.TO	VGH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.87	1.68	+2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.63	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.72	-0.10

Drawdowns

FCCD.TO vs. VGH.TO - Drawdown Comparison

The maximum FCCD.TO drawdown since its inception was -43.53%, which is greater than VGH.TO's maximum drawdown of -32.82%. Use the drawdown chart below to compare losses from any high point for FCCD.TO and VGH.TO.

Drawdown Indicators

	FCCD.TO	VGH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.53%	-32.82%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-8.42%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-9.94%	-15.16%	+5.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.24%	-21.34%	+2.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.82%	—
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-6.39%	-3.67%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	2.12%	-0.93%

Volatility

FCCD.TO vs. VGH.TO - Volatility Comparison

Fidelity Canadian High Dividend Index ETF (FCCD.TO) has a higher volatility of 2.54% compared to Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) at 2.19%. This indicates that FCCD.TO's price experiences larger fluctuations and is considered to be riskier than VGH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCCD.TO	VGH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	2.19%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	6.80%	7.56%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	10.22%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.52%	14.21%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	15.75%	+1.36%

FCCD.TO vs. VGH.TO - Expense Ratio Comparison

FCCD.TO has a 0.35% expense ratio, which is higher than VGH.TO's 0.31% expense ratio.

Dividends

FCCD.TO vs. VGH.TO - Dividend Comparison

FCCD.TO's dividend yield for the trailing twelve months is around 2.97%, more than VGH.TO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCCD.TO Fidelity Canadian High Dividend Index ETF	2.97%	3.56%	4.27%	4.65%	4.01%	3.02%	4.74%	3.80%	0.47%	0.00%	0.00%	0.00%
VGH.TO Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged	1.04%	1.15%	1.28%	1.34%	1.39%	1.22%	1.21%	1.23%	1.58%	1.39%	1.63%	1.81%

Frequently Asked Questions

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

FCCD.TO and VGH.TO have a correlation of 0.52, 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 VGH.TO?

On fees, VGH.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCCD.TO or VGH.TO?

VGH.TO is cheaper with a 0.31% expense ratio, compared with 0.35% for FCCD.TO.

What is the main difference between FCCD.TO and VGH.TO?

FCCD.TO tracks Fidelity Canada Canadian High Dividend Index, while VGH.TO tracks S&P U.S. Dividend Growers Index (CAD-hedged). They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.35% for FCCD.TO and 0.31% for VGH.TO.