FCIV.TO vs. XDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity International Value ETF (FCIV.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).

FCIV.TO and XDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCIV.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International Value Index. It was launched on Jun 3, 2025. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017. Both FCIV.TO and XDIV.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

FCIV.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity International Value ETF (FCIV.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

FCIV.TO vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCIV.TO Fidelity International Value ETF	10.05%	33.59%	6.89%	22.74%	-0.22%	14.15%	5.34%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	8.31%	24.92%	19.56%	11.71%	0.29%	32.25%	7.85%

Returns By Period

In the year-to-date period, FCIV.TO achieves a 10.05% return, which is significantly higher than XDIV.TO's 8.31% return.

FCIV.TO

• 1D: 2.69%
• 1M: -2.93%
• YTD: 10.05%
• 6M: 13.24%
• 1Y: 30.28%
• 3Y*: 21.15%
• 5Y*: 15.05%
• 10Y*: —

XDIV.TO

• 1D: 0.79%
• 1M: 2.40%
• YTD: 8.31%
• 6M: 13.89%
• 1Y: 28.03%
• 3Y*: 20.18%
• 5Y*: 15.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCIV.TO vs. XDIV.TO - Expense Ratio Comparison

FCIV.TO has a 0.45% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

FCIV.TO

Fidelity International Value ETF

XDIV.TO

iShares Core MSCI Canadian Quality Dividend Index ETF

Return for Risk

FCIV.TO vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCIV.TO

FCIV.TO Risk / Return Rank: 85
FCIV.TO Sharpe Ratio Rank: 85
FCIV.TO Sortino Ratio Rank: 84
FCIV.TO Omega Ratio Rank: 85
FCIV.TO Calmar Ratio Rank: 81
FCIV.TO Martin Ratio Rank: 87

XDIV.TO

XDIV.TO Risk / Return Rank: 95
XDIV.TO Sharpe Ratio Rank: 97
XDIV.TO Sortino Ratio Rank: 97
XDIV.TO Omega Ratio Rank: 97
XDIV.TO Calmar Ratio Rank: 89
XDIV.TO Martin Ratio Rank: 95

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.

FCIV.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value ETF (FCIV.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

	FCIV.TO	XDIV.TO	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.82	-1.12
Sortino ratio Return per unit of downside risk	2.23	3.37	-1.14
Omega ratio Gain probability vs. loss probability	1.34	1.62	-0.28
Calmar ratio Return relative to maximum drawdown	2.25	2.78	-0.53
Martin ratio Return relative to average drawdown	10.57	14.46	-3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCIV.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current FCIV.TO Sharpe Ratio is 1.70, which is lower than the XDIV.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FCIV.TO and XDIV.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.

Sharpe Ratios by Period

	FCIV.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.82	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	1.52	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.74	+0.26

Correlation

The correlation between FCIV.TO and XDIV.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

FCIV.TO vs. XDIV.TO - Dividend Comparison

FCIV.TO's dividend yield for the trailing twelve months is around 1.89%, less than XDIV.TO's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCIV.TO Fidelity International Value ETF	1.89%	2.08%	2.80%	3.63%	3.45%	2.97%	0.90%	0.00%	0.00%	0.00%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.58%	3.81%	4.29%	4.20%	3.95%	3.58%	4.58%	4.02%	4.85%	1.82%

Drawdowns

FCIV.TO vs. XDIV.TO - Drawdown Comparison

The maximum FCIV.TO drawdown since its inception was -24.27%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for FCIV.TO and XDIV.TO.

Drawdown Indicators

	FCIV.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.27%	-41.30%	+17.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-10.53%	-2.61%
Max Drawdown (5Y) Largest decline over 5 years	-24.27%	-17.60%	-6.67%
Current Drawdown Current decline from peak	-3.45%	0.00%	-3.45%
Average Drawdown Average peak-to-trough decline	-4.11%	-4.32%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.02%	+0.82%

Volatility

FCIV.TO vs. XDIV.TO - Volatility Comparison

Fidelity International Value ETF (FCIV.TO) has a higher volatility of 6.93% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.71%. This indicates that FCIV.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCIV.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	2.71%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	5.79%	+5.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	10.03%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	10.43%	+4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	16.10%	-0.51%