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FCCQ.TO vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCCQ.TO vs. XEG.TO

Last updated Jul 16, 2026
Documentation

FCCQ.TO (Fidelity Canadian High Quality ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - FCCQ.TO is a Canada Equities fund tracking the Fidelity Canada Canadian High Quality Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 5 years, FCCQ.TO returned 13.46%/yr vs 30.32%/yr for XEG.TO. At a 0.33 correlation, their price movements are largely independent. FCCQ.TO charges 0.35%/yr vs 0.60%/yr for XEG.TO.

Performance

FCCQ.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCCQ.TO achieves a 6.98% return, which is significantly lower than XEG.TO's 35.02% return.

FCCQ.TO

1D
0.04%
1M
-0.95%
6M
2.69%
YTD
6.98%
1Y
29.84%
3Y*
22.09%
5Y*
13.46%
10Y*
—

XEG.TO

1D
-0.47%
1M
0.08%
6M
28.16%
YTD
35.02%
1Y
53.08%
3Y*
24.73%
5Y*
30.32%
10Y*
10.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
FCCQ.TO
Fidelity Canadian High Quality ETF		6.98%32.22%21.60%11.04%-7.50%22.27%1.92%9.55%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		35.02%16.72%14.04%3.55%53.25%83.71%-34.44%2.74%

Correlation

The correlation between FCCQ.TO and XEG.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2019

0.33

The correlation between FCCQ.TO and XEG.TO shifts across timeframes, from -0.02 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.

FCCQ.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
FCCQ.TO
XEG.TO

Financial Services

28.1%

-

Basic Materials

23.8%

-

Technology

13.0%

-

Energy

10.6%
100.0%

Consumer Defensive

10.4%

-

Consumer Cyclical

5.1%

-

Healthcare

3.9%

-

Industrials

3.6%

-

Real Estate

1.7%

-

Communication Services

-

-

Utilities

-

-

Financial Services

FCCQ.TO
28.1%
XEG.TO

-

Basic Materials

FCCQ.TO
23.8%
XEG.TO

-

Technology

FCCQ.TO
13.0%
XEG.TO

-

Energy

FCCQ.TO
10.6%
XEG.TO
100.0%

Consumer Defensive

FCCQ.TO
10.4%
XEG.TO

-

Consumer Cyclical

FCCQ.TO
5.1%
XEG.TO

-

Healthcare

FCCQ.TO
3.9%
XEG.TO

-

Industrials

FCCQ.TO
3.6%
XEG.TO

-

Real Estate

FCCQ.TO
1.7%
XEG.TO

-

Communication Services

FCCQ.TO

-

XEG.TO

-

Utilities

FCCQ.TO

-

XEG.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Canadian High Quality ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with FCCQ.TO:
FCCQ.TO vs. FBTC.TOFCCQ.TO vs. FXM.TOFCCQ.TO vs. FCCM.NEOFCCQ.TO vs. DMEC.TOFCCQ.TO vs. FCMO.NEOFCCQ.TO vs. XIC.TOFCCQ.TO vs. HCA.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. ZEO.TOXEG.TO vs. HXE.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

FCCQ.TO vs. XEG.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: 7373
Overall Rank
FCCQ.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
FCCQ.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
FCCQ.TO Omega Ratio Rank: 7777
Omega Ratio Rank
FCCQ.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
FCCQ.TO Martin Ratio Rank: 7272
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 7878
Overall Rank
XEG.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 6969
Martin Ratio Rank
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. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Quality ETF (FCCQ.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

FCCQ.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.02
2.23

-0.21

Sortino ratioReturn per unit of downside risk
2.63
2.75

-0.13

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

2.66

3.24

-0.58

Martin ratioReturn relative to average drawdown

10.62

10.01

+0.61

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

The current FCCQ.TO Sharpe Ratio is 2.02, which is comparable to the XEG.TO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of FCCQ.TO and XEG.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.

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Drawdowns

FCCQ.TO vs. XEG.TO - Drawdown Comparison

The maximum FCCQ.TO drawdown since its inception was -35.56%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for FCCQ.TO and XEG.TO.

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Drawdown Indicators

FCCQ.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.56%

-87.51%

+51.95%

Max Drawdown (1Y)

Largest decline over 1 year

-11.29%

-16.47%

+5.18%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

-25.67%

+12.26%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-28.42%

+10.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-79.66%

—

Current Drawdown

Current decline from peak

-2.36%

-10.20%

+7.84%

Average Drawdown

Average peak-to-trough decline

-3.99%

-34.52%

+30.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

5.32%

-2.50%

Volatility

FCCQ.TO vs. XEG.TO - Volatility Comparison

The current volatility for Fidelity Canadian High Quality ETF (FCCQ.TO) is 2.96%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.00%. This indicates that FCCQ.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCCQ.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

8.00%

-5.04%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

19.83%

-7.73%

Volatility (1Y)

Calculated over the trailing 1-year period

14.86%

23.95%

-9.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.76%

28.67%

-14.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.05%

33.41%

-17.36%

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

FCCQ.TO has a 0.35% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.

Dividends

FCCQ.TO vs. XEG.TO - Dividend Comparison

FCCQ.TO's dividend yield for the trailing twelve months is around 1.49%, less than XEG.TO's 2.73% yield.

PositionTTM20252024202320222021202020192018201720162015
FCCQ.TO
Fidelity Canadian High Quality ETF		1.49%1.44%1.85%2.41%2.33%1.92%2.14%2.33%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.73%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

FCCQ.TO and XEG.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FCCQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FCCQ.TO is cheaper with a 0.35% expense ratio, compared with 0.60% for XEG.TO.

FCCQ.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. FCCQ.TO tracks Fidelity Canada Canadian High Quality Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.35% for FCCQ.TO and 0.60% for XEG.TO.

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