FCCQ.TO vs. XMV.TO
FCCQ.TO (Fidelity Canadian High Quality ETF) and XMV.TO (iShares MSCI Min Vol Canada Index ETF) are both Canada Equities funds - FCCQ.TO tracks the Fidelity Canada Canadian High Quality Index while XMV.TO tracks the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, FCCQ.TO returned 13.37%/yr vs 11.01%/yr for XMV.TO. A 0.55 correlation means they provide meaningful diversification when combined. FCCQ.TO charges 0.35%/yr vs 0.33%/yr for XMV.TO.
Performance
FCCQ.TO vs. XMV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCCQ.TO achieves a 6.62% return, which is significantly lower than XMV.TO's 7.72% return.
FCCQ.TO
- 1D
- -0.77%
- 1M
- 1.71%
- YTD
- 6.62%
- 6M
- 7.88%
- 1Y
- 31.20%
- 3Y*
- 22.31%
- 5Y*
- 13.37%
- 10Y*
- —
XMV.TO
- 1D
- -0.32%
- 1M
- 2.37%
- YTD
- 7.72%
- 6M
- 5.68%
- 1Y
- 15.15%
- 3Y*
- 15.52%
- 5Y*
- 11.01%
- 10Y*
- 9.45%
FCCQ.TO vs. XMV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCCQ.TO Fidelity Canadian High Quality ETF | 6.62% | 31.01% | 21.58% | 11.02% | -7.52% | 22.24% | 2.30% | 10.49% |
XMV.TO iShares MSCI Min Vol Canada Index ETF | 7.72% | 17.87% | 15.63% | 10.94% | -1.64% | 21.41% | -1.75% | 16.82% |
Correlation
The correlation between FCCQ.TO and XMV.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2019 | 0.55 |
The correlation between FCCQ.TO and XMV.TO shifts across timeframes, from 0.55 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
FCCQ.TO vs. XMV.TO - Sectors Allocation Comparison
Sectors
FCCQ.TO
XMV.TO
Financial Services
Basic Materials
Technology
Energy
Consumer Defensive
Consumer Cyclical
Healthcare
-
Industrials
Real Estate
Communication Services
-
Utilities
-
Financial Services
FCCQ.TO
XMV.TO
Basic Materials
FCCQ.TO
XMV.TO
Technology
FCCQ.TO
XMV.TO
Energy
FCCQ.TO
XMV.TO
Consumer Defensive
FCCQ.TO
XMV.TO
Consumer Cyclical
FCCQ.TO
XMV.TO
Healthcare
FCCQ.TO
XMV.TO
-
Industrials
FCCQ.TO
XMV.TO
Real Estate
FCCQ.TO
XMV.TO
Communication Services
FCCQ.TO
-
XMV.TO
Utilities
FCCQ.TO
-
XMV.TO
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Return for Risk
FCCQ.TO vs. XMV.TO — Risk / Return Rank
FCCQ.TO
XMV.TO
FCCQ.TO vs. XMV.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 MSCI Min Vol Canada Index ETF (XMV.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 | XMV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.59 | +0.19 |
| Martin ratioReturn relative to average drawdown | 11.87 | 9.14 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCCQ.TO | XMV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.64 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.06 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.86 | -0.06 |
Drawdowns
FCCQ.TO vs. XMV.TO - Drawdown Comparison
The maximum FCCQ.TO drawdown since its inception was -35.31%, roughly equal to the maximum XMV.TO drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for FCCQ.TO and XMV.TO.
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Drawdown Indicators
| FCCQ.TO | XMV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -35.58% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -5.88% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -9.77% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -15.57% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.58% | — |
Current DrawdownCurrent decline from peak | -2.68% | -1.26% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -3.14% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 1.66% | +0.98% |
Volatility
FCCQ.TO vs. XMV.TO - Volatility Comparison
Fidelity Canadian High Quality ETF (FCCQ.TO) has a higher volatility of 4.12% compared to iShares MSCI Min Vol Canada Index ETF (XMV.TO) at 2.26%. This indicates that FCCQ.TO's price experiences larger fluctuations and is considered to be riskier than XMV.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.TO | XMV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.26% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 7.68% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 9.28% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 10.40% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 12.93% | +3.12% |
FCCQ.TO vs. XMV.TO - Expense Ratio Comparison
FCCQ.TO has a 0.35% expense ratio, which is higher than XMV.TO's 0.33% expense ratio.
Dividends
FCCQ.TO vs. XMV.TO - Dividend Comparison
FCCQ.TO's dividend yield for the trailing twelve months is around 1.47%, less than XMV.TO's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCCQ.TO Fidelity Canadian High Quality ETF | 1.47% | 1.45% | 1.83% | 2.40% | 2.31% | 1.90% | 2.10% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% |
XMV.TO iShares MSCI Min Vol Canada Index ETF | 2.12% | 2.21% | 2.33% | 2.62% | 2.41% | 2.04% | 2.73% | 2.44% | 2.93% | 2.49% | 2.11% | 2.47% |
Frequently Asked Questions
FCCQ.TO and XMV.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMV.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMV.TO is cheaper with a 0.33% expense ratio, compared with 0.35% for FCCQ.TO.
FCCQ.TO tracks Fidelity Canada Canadian High Quality Index, while XMV.TO tracks Morningstar Canada GR CAD. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.35% for FCCQ.TO and 0.33% for XMV.TO.
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