FCIV.TO vs. RID.TO
FCIV.TO (Fidelity International Value ETF) and RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) are both Foreign Large Cap Equities funds. FCIV.TO is passively managed, while RID.TO is actively managed. Over the past 5 years, FCIV.TO returned 16.79%/yr vs 14.06%/yr for RID.TO. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FCIV.TO charges 0.45%/yr vs 0.54%/yr for RID.TO.
Performance
FCIV.TO vs. RID.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIV.TO achieves a 21.38% return, which is significantly higher than RID.TO's 18.14% return.
FCIV.TO
- 1D
- -0.29%
- 1M
- 1.83%
- 6M
- 10.82%
- YTD
- 21.38%
- 1Y
- 36.56%
- 3Y*
- 22.55%
- 5Y*
- 16.79%
- 10Y*
- —
- ALL TIME*
- 16.34%
RID.TO
- 1D
- -0.98%
- 1M
- -0.57%
- 6M
- 10.62%
- YTD
- 18.14%
- 1Y
- 34.54%
- 3Y*
- 23.33%
- 5Y*
- 14.06%
- 10Y*
- 10.03%
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.12M | CA$1.36M | CA$2.02M | |
| CA$60.75K | CA$81.74K | CA$152.48K |
FCIV.TO vs. RID.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCIV.TO Fidelity International Value ETF | 21.38% | 33.60% | 6.89% | 22.75% | -0.22% | 14.15% | 4.49% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 18.14% | 33.82% | 13.48% | 16.19% | -10.04% | 12.26% | 7.55% |
Correlation
The correlation between FCIV.TO and RID.TO is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.62 |
Over the past year, FCIV.TO and RID.TO have become more correlated (0.85) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
FCIV.TO vs. RID.TO — Risk / Return Rank
FCIV.TO
RID.TO
FCIV.TO vs. RID.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value ETF (FCIV.TO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.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.
| FCIV.TO | RID.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 3.38 | +0.80 |
| Martin ratioReturn relative to average drawdown | 15.74 | 13.49 | +2.25 |
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Drawdowns
FCIV.TO vs. RID.TO - Drawdown Comparison
The maximum FCIV.TO drawdown since its inception was -24.27%, smaller than the maximum RID.TO drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for FCIV.TO and RID.TO.
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Drawdown Indicators
| FCIV.TO | RID.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.27% | -28.74% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -9.85% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.59% | -15.23% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -23.88% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.98% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -4.44% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.47% | -0.19% |
Volatility
FCIV.TO vs. RID.TO - Volatility Comparison
The current volatility for Fidelity International Value ETF (FCIV.TO) is 3.97%, while RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) has a volatility of 4.66%. This indicates that FCIV.TO experiences smaller price fluctuations and is considered to be less risky than RID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIV.TO | RID.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.66% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 12.18% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 14.89% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 14.13% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 14.98% | +0.49% |
FCIV.TO vs. RID.TO - Expense Ratio Comparison
FCIV.TO has a 0.45% expense ratio, which is lower than RID.TO's 0.54% expense ratio.
Dividends
FCIV.TO vs. RID.TO - Dividend Comparison
FCIV.TO's dividend yield for the trailing twelve months is around 2.06%, less than RID.TO's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCIV.TO Fidelity International Value ETF | 2.06% | 2.09% | 2.80% | 3.64% | 3.45% | 2.97% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 2.84% | 3.03% | 3.52% | 3.76% | 4.09% | 2.65% | 3.54% | 4.14% | 4.57% | 3.00% | 3.35% | 3.22% |
Frequently Asked Questions
FCIV.TO and RID.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, FCIV.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCIV.TO is cheaper with a 0.45% expense ratio, compared with 0.54% for RID.TO.
They also come from different issuers: Fidelity and RBC. Their fees differ too: 0.45% for FCIV.TO and 0.54% for RID.TO.
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