Correlation
The correlation between FCNSX and VDY.TO is 0.65, 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.
FCNSX vs. VDY.TO
Compare and contrast key facts about Fidelity Series Canada Fund (FCNSX) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
FCNSX is managed by Fidelity. It was launched on Aug 15, 2017. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNSX or VDY.TO.
Performance
FCNSX vs. VDY.TO - Performance Comparison
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Key characteristics
FCNSX:
1.18
VDY.TO:
1.84
FCNSX:
1.79
VDY.TO:
2.11
FCNSX:
1.24
VDY.TO:
1.32
FCNSX:
1.61
VDY.TO:
1.79
FCNSX:
6.24
VDY.TO:
7.65
FCNSX:
3.22%
VDY.TO:
2.54%
FCNSX:
16.17%
VDY.TO:
12.08%
FCNSX:
-41.47%
VDY.TO:
-39.21%
FCNSX:
0.00%
VDY.TO:
-0.37%
Returns By Period
In the year-to-date period, FCNSX achieves a 12.82% return, which is significantly higher than VDY.TO's 5.53% return.
FCNSX
12.82%
5.74%
6.70%
21.58%
9.29%
16.39%
N/A
VDY.TO
5.53%
4.91%
2.53%
21.82%
7.81%
17.06%
9.66%
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FCNSX vs. VDY.TO - Expense Ratio Comparison
FCNSX has a 0.00% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FCNSX vs. VDY.TO — Risk-Adjusted Performance Rank
FCNSX
VDY.TO
FCNSX vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Canada Fund (FCNSX) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.
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Dividends
FCNSX vs. VDY.TO - Dividend Comparison
FCNSX's dividend yield for the trailing twelve months is around 2.70%, less than VDY.TO's 4.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNSX Fidelity Series Canada Fund | 2.70% | 3.05% | 3.42% | 3.12% | 2.20% | 2.14% | 2.24% | 2.51% | 1.07% | 0.00% | 0.00% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.34% | 4.37% | 4.62% | 4.39% | 3.56% | 4.56% | 4.22% | 4.41% | 3.80% | 3.23% | 4.09% | 3.23% |
Drawdowns
FCNSX vs. VDY.TO - Drawdown Comparison
The maximum FCNSX drawdown since its inception was -41.47%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for FCNSX and VDY.TO.
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Volatility
FCNSX vs. VDY.TO - Volatility Comparison
Fidelity Series Canada Fund (FCNSX) has a higher volatility of 2.32% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 1.82%. This indicates that FCNSX's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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