FCIQ.TO vs. ZDI.TO
FCIQ.TO (Fidelity International High Quality ETF) and ZDI.TO (BMO International Dividend ETF) are both International Equity funds. Both are actively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 12.57%/yr for ZDI.TO. A 0.69 correlation means they provide meaningful diversification when combined. FCIQ.TO charges 0.45%/yr vs 0.44%/yr for ZDI.TO.
Performance
FCIQ.TO vs. ZDI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly lower than ZDI.TO's 14.64% return.
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
ZDI.TO
- 1D
- 0.53%
- 1M
- 1.33%
- 6M
- 9.98%
- YTD
- 14.64%
- 1Y
- 23.10%
- 3Y*
- 16.63%
- 5Y*
- 12.57%
- 10Y*
- 9.49%
FCIQ.TO vs. ZDI.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% |
ZDI.TO BMO International Dividend ETF | 14.64% | 19.42% | 10.59% | 17.04% | 0.31% | 12.86% | -6.23% | 10.46% |
Correlation
The correlation between FCIQ.TO and ZDI.TO is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2019 | 0.69 |
The correlation between FCIQ.TO and ZDI.TO has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
FCIQ.TO vs. ZDI.TO — Risk / Return Rank
FCIQ.TO
ZDI.TO
FCIQ.TO vs. ZDI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and BMO International Dividend ETF (ZDI.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 | ZDI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.27 | -0.80 |
| Martin ratioReturn relative to average drawdown | 4.02 | 8.41 | -4.39 |
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Drawdowns
FCIQ.TO vs. ZDI.TO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, roughly equal to the maximum ZDI.TO drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and ZDI.TO.
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Drawdown Indicators
| FCIQ.TO | ZDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -33.87% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -10.23% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -14.13% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | -18.96% | -13.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.56% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -4.83% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.75% | +0.50% |
Volatility
FCIQ.TO vs. ZDI.TO - Volatility Comparison
Fidelity International High Quality ETF (FCIQ.TO) has a higher volatility of 3.76% compared to BMO International Dividend ETF (ZDI.TO) at 3.12%. This indicates that FCIQ.TO's price experiences larger fluctuations and is considered to be riskier than ZDI.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 | ZDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.12% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 11.27% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 14.04% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 13.28% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 15.58% | +0.98% |
FCIQ.TO vs. ZDI.TO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than ZDI.TO's 0.44% expense ratio.
Dividends
FCIQ.TO vs. ZDI.TO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, less than ZDI.TO's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
ZDI.TO BMO International Dividend ETF | 3.00% | 3.41% | 3.94% | 4.15% | 3.99% | 3.72% | 4.96% | 4.92% | 5.23% | 4.23% | 4.62% | 4.27% |
Frequently Asked Questions
FCIQ.TO and ZDI.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZDI.TO is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZDI.TO is cheaper with a 0.44% expense ratio, compared with 0.45% for FCIQ.TO.
They also come from different issuers: Fidelity and BMO. Their fees differ too: 0.45% for FCIQ.TO and 0.44% for ZDI.TO.
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