FCIQ.TO vs. HXDM.TO
FCIQ.TO (Fidelity International High Quality ETF) and HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) are both International Equity funds. FCIQ.TO is actively managed, while HXDM.TO is passively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 10.82%/yr for HXDM.TO. A 0.78 correlation means they provide meaningful diversification when combined. FCIQ.TO charges 0.45%/yr vs 0.20%/yr for HXDM.TO.
Performance
FCIQ.TO vs. HXDM.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCIQ.TO having a 12.55% return and HXDM.TO slightly higher at 12.68%.
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
HXDM.TO
- 1D
- 0.32%
- 1M
- 0.52%
- 6M
- 7.52%
- YTD
- 12.68%
- 1Y
- 24.37%
- 3Y*
- 16.98%
- 5Y*
- 10.82%
- 10Y*
- —
FCIQ.TO vs. HXDM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 12.55% | 11.87% | 11.21% | 17.76% | -16.23% | 5.22% | 25.89% | 18.15% |
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 12.68% | 24.06% | 11.07% | 15.09% | -8.78% | 10.16% | 4.59% | 13.51% |
Correlation
The correlation between FCIQ.TO and HXDM.TO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2019 | 0.78 |
The correlation between FCIQ.TO and HXDM.TO has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
FCIQ.TO vs. HXDM.TO — Risk / Return Rank
FCIQ.TO
HXDM.TO
FCIQ.TO vs. HXDM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.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.
| FCIQ.TO | HXDM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.15 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.02 | 8.14 | -4.12 |
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Drawdowns
FCIQ.TO vs. HXDM.TO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, which is greater than HXDM.TO's maximum drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and HXDM.TO.
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Drawdown Indicators
| FCIQ.TO | HXDM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -28.43% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -11.40% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -14.65% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | -23.87% | -9.01% |
Current DrawdownCurrent decline from peak | -1.23% | -2.34% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -4.78% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.00% | +0.25% |
Volatility
FCIQ.TO vs. HXDM.TO - Volatility Comparison
The current volatility for Fidelity International High Quality ETF (FCIQ.TO) is 3.76%, while Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a volatility of 3.99%. This indicates that FCIQ.TO experiences smaller price fluctuations and is considered to be less risky than HXDM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIQ.TO | HXDM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.99% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 13.45% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 15.64% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 14.25% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 15.43% | +1.13% |
FCIQ.TO vs. HXDM.TO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than HXDM.TO's 0.20% expense ratio.
Dividends
FCIQ.TO vs. HXDM.TO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, while HXDM.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% |
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCIQ.TO and HXDM.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXDM.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXDM.TO is cheaper with a 0.20% expense ratio, compared with 0.45% for FCIQ.TO.
They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.45% for FCIQ.TO and 0.20% for HXDM.TO.
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