FCCQ.TO vs. FCIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Canadian High Quality ETF (FCCQ.TO) and Fidelity International Value ETF (FCIV.TO).

FCCQ.TO and FCIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCCQ.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada Canadian High Quality Index. It was launched on Jan 18, 2019. FCIV.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International Value Index. It was launched on Jun 3, 2025. Both FCCQ.TO and FCIV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FCCQ.TO vs. FCIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Canadian High Quality ETF (FCCQ.TO) and Fidelity International Value ETF (FCIV.TO). The values are adjusted to include any dividend payments, if applicable.

FCCQ.TO vs. FCIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCCQ.TO Fidelity Canadian High Quality ETF	2.76%	31.01%	21.58%	11.02%	-7.52%	22.24%	11.55%
FCIV.TO Fidelity International Value ETF	10.05%	33.59%	6.89%	22.74%	-0.22%	14.15%	5.34%

Returns By Period

In the year-to-date period, FCCQ.TO achieves a 2.76% return, which is significantly lower than FCIV.TO's 10.05% return.

FCCQ.TO

• 1D: 2.44%
• 1M: -6.06%
• YTD: 2.76%
• 6M: 10.61%
• 1Y: 33.98%
• 3Y*: 20.39%
• 5Y*: 13.68%
• 10Y*: —

FCIV.TO

• 1D: 2.69%
• 1M: -2.93%
• YTD: 10.05%
• 6M: 13.24%
• 1Y: 30.28%
• 3Y*: 21.15%
• 5Y*: 15.05%
• 10Y*: —

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

FCCQ.TO vs. FCIV.TO - Expense Ratio Comparison

FCCQ.TO has a 0.35% expense ratio, which is lower than FCIV.TO's 0.45% expense ratio.

FCIV.TO

Fidelity International Value ETF

FCCQ.TO

Fidelity Canadian High Quality ETF

Return for Risk

FCCQ.TO vs. FCIV.TO — Risk / Return Rank

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

FCCQ.TO

FCCQ.TO Risk / Return Rank: 91
FCCQ.TO Sharpe Ratio Rank: 91
FCCQ.TO Sortino Ratio Rank: 90
FCCQ.TO Omega Ratio Rank: 92
FCCQ.TO Calmar Ratio Rank: 89
FCCQ.TO Martin Ratio Rank: 91

FCIV.TO

FCIV.TO Risk / Return Rank: 85
FCIV.TO Sharpe Ratio Rank: 85
FCIV.TO Sortino Ratio Rank: 84
FCIV.TO Omega Ratio Rank: 85
FCIV.TO Calmar Ratio Rank: 81
FCIV.TO Martin Ratio Rank: 87

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.

FCCQ.TO vs. FCIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Quality ETF (FCCQ.TO) and Fidelity International Value ETF (FCIV.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.

	FCCQ.TO	FCIV.TO	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.70	+0.35
Sortino ratio Return per unit of downside risk	2.61	2.23	+0.38
Omega ratio Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio Return relative to maximum drawdown	3.03	2.25	+0.78
Martin ratio Return relative to average drawdown	12.74	10.57	+2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCCQ.TO vs. FCIV.TO - Sharpe Ratio Comparison

The current FCCQ.TO Sharpe Ratio is 2.06, which is comparable to the FCIV.TO Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of FCCQ.TO and FCIV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCCQ.TO	FCIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.70	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	1.00	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.00	-0.22

Correlation

The correlation between FCCQ.TO and FCIV.TO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FCCQ.TO vs. FCIV.TO - Dividend Comparison

FCCQ.TO's dividend yield for the trailing twelve months is around 1.53%, less than FCIV.TO's 1.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FCCQ.TO Fidelity Canadian High Quality ETF	1.53%	1.45%	1.83%	2.40%	2.31%	1.90%	2.10%	2.30%
FCIV.TO Fidelity International Value ETF	1.89%	2.08%	2.80%	3.63%	3.45%	2.97%	0.90%	0.00%

Drawdowns

FCCQ.TO vs. FCIV.TO - Drawdown Comparison

The maximum FCCQ.TO drawdown since its inception was -35.31%, which is greater than FCIV.TO's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for FCCQ.TO and FCIV.TO.

Drawdown Indicators

	FCCQ.TO	FCIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-24.27%	-11.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-13.14%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-17.97%	-24.27%	+6.30%
Current Drawdown Current decline from peak	-6.21%	-3.45%	-2.76%
Average Drawdown Average peak-to-trough decline	-4.01%	-4.11%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.84%	-0.08%

Volatility

FCCQ.TO vs. FCIV.TO - Volatility Comparison

Fidelity Canadian High Quality ETF (FCCQ.TO) and Fidelity International Value ETF (FCIV.TO) have volatilities of 6.71% and 6.93%, 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

	FCCQ.TO	FCIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	6.93%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	11.72%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	17.88%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	15.15%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	15.59%	+0.50%