FCRI.TO vs. QDXH.TO
FCRI.TO (Franklin International Core Equity Fund ETF Series) and QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) are both Foreign Large Cap Equities funds. FCRI.TO is actively managed, while QDXH.TO is passively managed. Over the past year, FCRI.TO returned 27.69% vs 24.27% for QDXH.TO. Their 0.25 correlation means their historical movements had little consistent relationship. FCRI.TO charges 0.11%/yr vs 0.17%/yr for QDXH.TO.
Performance
FCRI.TO vs. QDXH.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FCRI.TO having a 12.24% return and QDXH.TO slightly higher at 12.29%.
FCRI.TO
- 1D
- -0.23%
- 1M
- -0.51%
- 6M
- 11.02%
- YTD
- 12.24%
- 1Y
- 27.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 27.68%
QDXH.TO
- 1D
- -0.02%
- 1M
- -0.49%
- 6M
- 7.65%
- YTD
- 12.29%
- 1Y
- 24.27%
- 3Y*
- 16.55%
- 5Y*
- 12.27%
- 10Y*
- —
- ALL TIME*
- 9.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$80.15K | CA$123.25K | CA$86.85K | |
| CA$99.52K | CA$61.24K | CA$41.60K |
FCRI.TO vs. QDXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 12.24% | 15.58% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 12.29% | 12.77% |
Correlation
The correlation between FCRI.TO and QDXH.TO is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCRI.TO vs. QDXH.TO — Risk / Return Rank
FCRI.TO
QDXH.TO
FCRI.TO vs. QDXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Equity Fund ETF Series (FCRI.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.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.
| FCRI.TO | QDXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.61 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.47 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.93 | 10.33 | -0.40 |
Loading charts...
Drawdowns
FCRI.TO vs. QDXH.TO - Drawdown Comparison
The maximum FCRI.TO drawdown since its inception was -11.34%, smaller than the maximum QDXH.TO drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for FCRI.TO and QDXH.TO.
Loading charts...
Drawdown Indicators
| FCRI.TO | QDXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.34% | -31.75% | +20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -9.85% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.71% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -3.81% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.36% | +0.44% |
Volatility
FCRI.TO vs. QDXH.TO - Volatility Comparison
Franklin International Core Equity Fund ETF Series (FCRI.TO) has a higher volatility of 3.96% compared to Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) at 3.12%. This indicates that FCRI.TO's price experiences larger fluctuations and is considered to be riskier than QDXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCRI.TO | QDXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 3.12% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 10.43% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 12.14% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 12.78% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 15.42% | -1.44% |
FCRI.TO vs. QDXH.TO - Expense Ratio Comparison
FCRI.TO has a 0.11% expense ratio, which is lower than QDXH.TO's 0.17% 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%.
Dividends
FCRI.TO vs. QDXH.TO - Dividend Comparison
FCRI.TO's dividend yield for the trailing twelve months is around 2.50%, more than QDXH.TO's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 2.50% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 2.29% | 2.41% | 2.64% | 2.76% | 2.92% | 2.28% | 1.96% | 2.65% | 3.13% |
Frequently Asked Questions
FCRI.TO and QDXH.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCRI.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCRI.TO is cheaper with a 0.11% expense ratio, compared with 0.17% for QDXH.TO.
They also come from different issuers: Franklin Templeton and Mackenzie. Their fees differ too: 0.11% for FCRI.TO and 0.17% for QDXH.TO.
Find the right allocation for FCRI.TO and QDXH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer