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

FCCQ.TO vs. XEI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Canadian High Quality ETF (FCCQ.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).

FCCQ.TO and XEI.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. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. Both FCCQ.TO and XEI.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. XEI.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 Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
FCCQ.TO
Fidelity Canadian High Quality ETF		2.76%31.01%21.58%11.02%-7.52%22.24%2.30%10.49%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		13.91%23.32%15.29%6.58%0.32%35.78%-7.63%17.22%

Returns By Period

In the year-to-date period, FCCQ.TO achieves a 2.76% return, which is significantly lower than XEI.TO's 13.91% 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*
—

XEI.TO

1D
0.77%
1M
2.13%
YTD
13.91%
6M
17.23%
1Y
36.58%
3Y*
18.69%
5Y*
15.24%
10Y*
11.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Composite High Dividend Index ETF

Often compared with FCCQ.TO:
FCCQ.TO vs. FCCM.NEOFCCQ.TO vs. FXM.TOFCCQ.TO vs. XIC.TOFCCQ.TO vs. FCMO.NEOFCCQ.TO vs. DMEC.TOFCCQ.TO vs. FBTC.TOFCCQ.TO vs. HEWB.TO
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

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

FCCQ.TO has a 0.35% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.

FCCQ.TO
Fidelity Canadian High Quality ETF
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF

Return for Risk

FCCQ.TO vs. XEI.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: 9191
Overall Rank
FCCQ.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FCCQ.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
FCCQ.TO Omega Ratio Rank: 9292
Omega Ratio Rank
FCCQ.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
FCCQ.TO Martin Ratio Rank: 9191
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9797
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
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. XEI.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 Composite High Dividend Index ETF (XEI.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.TOXEI.TODifference

Sharpe ratio

Return per unit of total volatility

2.06

3.57

-1.51

Sortino ratio

Return per unit of downside risk

2.61

4.30

-1.69

Omega ratio

Gain probability vs. loss probability

1.41

1.81

-0.41

Calmar ratio

Return relative to maximum drawdown

3.03

3.80

-0.77

Martin ratio

Return relative to average drawdown

12.74

22.22

-9.48

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. XEI.TO - Sharpe Ratio Comparison

The current FCCQ.TO Sharpe Ratio is 2.06, which is lower than the XEI.TO Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of FCCQ.TO and XEI.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.

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Sharpe Ratios by Period

FCCQ.TOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.06

3.57

-1.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.02

1.37

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.63

+0.16

Correlation

The correlation between FCCQ.TO and XEI.TO is 0.53, 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. XEI.TO - Dividend Comparison

FCCQ.TO's dividend yield for the trailing twelve months is around 1.53%, less than XEI.TO's 3.89% yield.

TTM20252024202320222021202020192018201720162015
FCCQ.TO
Fidelity Canadian High Quality ETF		1.53%1.45%1.83%2.40%2.31%1.90%2.10%2.30%0.00%0.00%0.00%0.00%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.89%4.39%5.45%4.98%4.68%3.58%5.03%4.62%5.42%4.29%4.42%5.64%

Drawdowns

FCCQ.TO vs. XEI.TO - Drawdown Comparison

The maximum FCCQ.TO drawdown since its inception was -35.31%, smaller than the maximum XEI.TO drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for FCCQ.TO and XEI.TO.

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Drawdown Indicators

FCCQ.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.31%

-45.52%

+10.21%

Max Drawdown (1Y)

Largest decline over 1 year

-11.59%

-9.85%

-1.74%

Max Drawdown (5Y)

Largest decline over 5 years

-17.97%

-17.36%

-0.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.52%

—

Current Drawdown

Current decline from peak

-6.21%

0.00%

-6.21%

Average Drawdown

Average peak-to-trough decline

-4.01%

-5.14%

+1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.76%

1.68%

+1.08%

Volatility

FCCQ.TO vs. XEI.TO - Volatility Comparison

Fidelity Canadian High Quality ETF (FCCQ.TO) has a higher volatility of 6.71% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.68%. This indicates that FCCQ.TO's price experiences larger fluctuations and is considered to be riskier than XEI.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.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.71%

2.68%

+4.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

5.90%

+6.58%

Volatility (1Y)

Calculated over the trailing 1-year period

16.62%

10.30%

+6.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.56%

11.24%

+2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

16.02%

+0.07%