FCR-UN.TO vs. XDIV.TO

Last updated Jun 5, 2026

FCR-UN.TO (First Capital Real Estate Investment Trust) is a stock, while XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) is Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. At a 0.28 correlation, their price movements are largely independent.

Performance

FCR-UN.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Capital Real Estate Investment Trust (FCR-UN.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCR-UN.TO achieves a 23.86% return, which is significantly higher than XDIV.TO's 19.61% return.

FCR-UN.TO

• 1D: -0.43%
• 1M: -1.73%
• YTD: 23.86%
• 6M: 25.41%
• 1Y: 36.87%
• 3Y*: 21.29%
• 5Y*: 9.80%
• 10Y*: 5.18%

XDIV.TO

• 1D: -0.54%
• 1M: 4.14%
• YTD: 19.61%
• 6M: 18.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCR-UN.TO vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
FCR-UN.TO First Capital Real Estate Investment Trust	23.86%	9.81%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	19.61%	16.50%

Correlation

The correlation between FCR-UN.TO and XDIV.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.28

Return for Risk

FCR-UN.TO vs. XDIV.TO — Risk / Return Rank

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

FCR-UN.TO

FCR-UN.TO Risk / Return Rank: 91
FCR-UN.TO Sharpe Ratio Rank: 90
FCR-UN.TO Sortino Ratio Rank: 91
FCR-UN.TO Omega Ratio Rank: 90
FCR-UN.TO Calmar Ratio Rank: 93
FCR-UN.TO Martin Ratio Rank: 94

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.

FCR-UN.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Capital Real Estate Investment Trust (FCR-UN.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.

	FCR-UN.TO	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.43	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.57	—	—
Martin ratio: Return relative to average drawdown	16.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FCR-UN.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	5.02	-4.66

Drawdowns

FCR-UN.TO vs. XDIV.TO - Drawdown Comparison

The maximum FCR-UN.TO drawdown since its inception was -63.96%, which is greater than XDIV.TO's maximum drawdown of -2.33%. Use the drawdown chart below to compare losses from any high point for FCR-UN.TO and XDIV.TO.

Drawdown Indicators

	FCR-UN.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.96%	-2.33%	-61.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	—	—
Current Drawdown Current decline from peak	-2.13%	-0.54%	-1.59%
Average Drawdown Average peak-to-trough decline	-15.28%	-0.41%	-14.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	—	—

Volatility

Volatility by Period

	FCR-UN.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	7.92%	+8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	7.92%	+12.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.42%	7.92%	+14.50%

Dividends

FCR-UN.TO vs. XDIV.TO - Dividend Comparison

FCR-UN.TO's dividend yield for the trailing twelve months is around 3.90%, more than XDIV.TO's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCR-UN.TO First Capital Real Estate Investment Trust	3.90%	4.70%	5.09%	5.63%	3.43%	2.29%	6.38%	3.47%	4.56%	4.15%	4.16%	4.69%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.27%	3.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCR-UN.TO and XDIV.TO in my portfolio?

FCR-UN.TO and XDIV.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.