FCQH.TO vs. RUD.TO
FCQH.TO (Fidelity U.S. High Quality Currency Neutral ETF) and RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 5 years, FCQH.TO returned 9.60%/yr vs 15.88%/yr for RUD.TO. At a 0.41 correlation, their price movements are largely independent. FCQH.TO charges 0.38%/yr vs 0.43%/yr for RUD.TO.
Performance
FCQH.TO vs. RUD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCQH.TO achieves a 5.08% return, which is significantly lower than RUD.TO's 12.65% return.
FCQH.TO
- 1D
- -0.15%
- 1M
- -0.15%
- 6M
- 5.76%
- YTD
- 5.08%
- 1Y
- 10.06%
- 3Y*
- 13.98%
- 5Y*
- 9.60%
- 10Y*
- —
RUD.TO
- 1D
- 0.23%
- 1M
- 1.53%
- 6M
- 9.91%
- YTD
- 12.65%
- 1Y
- 21.63%
- 3Y*
- 18.95%
- 5Y*
- 15.88%
- 10Y*
- 16.92%
FCQH.TO vs. RUD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCQH.TO Fidelity U.S. High Quality Currency Neutral ETF | 5.08% | 9.95% | 22.06% | 21.43% | -17.97% | 33.05% | 4.77% | 32.55% |
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD) | 12.65% | 7.35% | 25.76% | 23.90% | -15.14% | 54.34% | 13.61% | 20.76% |
Correlation
The correlation between FCQH.TO and RUD.TO is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2019 | 0.41 |
The correlation between FCQH.TO and RUD.TO shifts across timeframes, from 0.41 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCQH.TO vs. RUD.TO — Risk / Return Rank
FCQH.TO
RUD.TO
FCQH.TO vs. RUD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.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.
| FCQH.TO | RUD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.27 | -2.35 |
| Martin ratioReturn relative to average drawdown | 3.77 | 11.63 | -7.86 |
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Drawdowns
FCQH.TO vs. RUD.TO - Drawdown Comparison
The maximum FCQH.TO drawdown since its inception was -30.90%, smaller than the maximum RUD.TO drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for FCQH.TO and RUD.TO.
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Drawdown Indicators
| FCQH.TO | RUD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.90% | -35.99% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -6.65% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.32% | -28.31% | +12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -28.31% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.99% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.64% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -10.04% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.86% | +0.82% |
Volatility
FCQH.TO vs. RUD.TO - Volatility Comparison
Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) has a higher volatility of 4.27% compared to RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) at 2.63%. This indicates that FCQH.TO's price experiences larger fluctuations and is considered to be riskier than RUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCQH.TO | RUD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 2.63% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 9.35% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 12.42% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 34.44% | -18.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 44.70% | -8.84% |
FCQH.TO vs. RUD.TO - Expense Ratio Comparison
FCQH.TO has a 0.38% expense ratio, which is lower than RUD.TO's 0.43% expense ratio.
Dividends
FCQH.TO vs. RUD.TO - Dividend Comparison
FCQH.TO's dividend yield for the trailing twelve months is around 0.69%, less than RUD.TO's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCQH.TO Fidelity U.S. High Quality Currency Neutral ETF | 0.69% | 0.58% | 0.80% | 0.87% | 1.13% | 0.80% | 1.18% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD) | 1.36% | 1.38% | 3.43% | 5.24% | 5.51% | 3.38% | 5.73% | 6.77% | 7.06% | 6.23% | 6.07% | 7.42% |
Frequently Asked Questions
FCQH.TO and RUD.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCQH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCQH.TO is cheaper with a 0.38% expense ratio, compared with 0.43% for RUD.TO.
They also come from different issuers: Fidelity and RBC. Their fees differ too: 0.38% for FCQH.TO and 0.43% for RUD.TO.
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