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FCRR.TO vs. FCIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCRR.TO vs. FCIV.TO

Last updated Jul 16, 2026
Documentation

FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and FCIV.TO (Fidelity International Value ETF) are both exchange-traded funds - FCRR.TO is a Dividend fund actively managed by Fidelity, while FCIV.TO is a Foreign Large Cap Equities fund tracking the Fidelity Canada International Value Index. FCRR.TO is actively managed, while FCIV.TO is passively managed. Over the past 5 years, FCRR.TO returned 12.52%/yr vs 16.30%/yr for FCIV.TO. At a 0.39 correlation, their price movements are largely independent. FCRR.TO charges 0.35%/yr vs 0.45%/yr for FCIV.TO.

Performance

FCRR.TO vs. FCIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) and Fidelity International Value ETF (FCIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly lower than FCIV.TO's 18.43% return.

FCRR.TO

1D
-0.03%
1M
0.87%
6M
12.05%
YTD
14.88%
1Y
15.20%
3Y*
17.64%
5Y*
12.52%
10Y*
—

FCIV.TO

1D
0.90%
1M
3.02%
6M
12.22%
YTD
18.43%
1Y
34.71%
3Y*
22.11%
5Y*
16.30%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
FCRR.TO
Fidelity U.S. Dividend for Rising Rates ETF		14.88%3.53%29.84%12.53%-6.47%29.36%11.47%
FCIV.TO
Fidelity International Value ETF		18.43%33.60%6.89%22.75%-0.22%14.15%4.49%

Correlation

The correlation between FCRR.TO and FCIV.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2020

0.39

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity U.S. Dividend for Rising Rates ETF

Fidelity International Value ETF

Often compared with FCIV.TO:
FCIV.TO vs. FCIM.NEOFCIV.TO vs. VIDY.TOFCIV.TO vs. VI.TOFCIV.TO vs. FCID.TOFCIV.TO vs. VIU.TOFCIV.TO vs. XFN.TOFCIV.TO vs. VA.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCRR.TO
FCRR.TO Risk / Return Rank: 2424
Overall Rank
FCRR.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
FCRR.TO Sortino Ratio Rank: 2323
Sortino Ratio Rank
FCRR.TO Omega Ratio Rank: 3434
Omega Ratio Rank
FCRR.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
FCRR.TO Martin Ratio Rank: 1818
Martin Ratio Rank
FCIV.TO
FCIV.TO Risk / Return Rank: 8888
Overall Rank
FCIV.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FCIV.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
FCIV.TO Omega Ratio Rank: 8888
Omega Ratio Rank
FCIV.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
FCIV.TO Martin Ratio Rank: 8888
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) and Fidelity International Value ETF (FCIV.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.

FCRR.TOFCIV.TODifference
Sharpe ratioReturn per unit of total volatility
0.74
2.37

-1.63

Sortino ratioReturn per unit of downside risk
1.09
3.14

-2.04

Omega ratioGain probability vs. loss probability

1.20

1.43

-0.23

Calmar ratioReturn relative to maximum drawdown

0.82

4.06

-3.24

Martin ratioReturn relative to average drawdown

1.64

15.22

-13.58

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

The current FCRR.TO Sharpe Ratio is 0.74, which is lower than the FCIV.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FCRR.TO and FCIV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FCRR.TO vs. FCIV.TO - Drawdown Comparison

The maximum FCRR.TO drawdown since its inception was -31.45%, which is greater than FCIV.TO's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and FCIV.TO.

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Drawdown Indicators

FCRR.TOFCIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.45%

-24.27%

-7.18%

Max Drawdown (1Y)

Largest decline over 1 year

-18.61%

-8.59%

-10.02%

Max Drawdown (3Y)

Largest decline over 3 years

-18.61%

-16.59%

-2.02%

Max Drawdown (5Y)

Largest decline over 5 years

-18.61%

-24.27%

+5.66%

Current Drawdown

Current decline from peak

-3.84%

-0.65%

-3.19%

Average Drawdown

Average peak-to-trough decline

-4.65%

-4.04%

-0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.29%

2.29%

+7.00%

Volatility

FCRR.TO vs. FCIV.TO - Volatility Comparison

The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while Fidelity International Value ETF (FCIV.TO) has a volatility of 3.11%. This indicates that FCRR.TO experiences smaller price fluctuations and is considered to be less risky than FCIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCRR.TOFCIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.41%

3.11%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

8.89%

11.29%

-2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

20.70%

14.73%

+5.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.43%

15.24%

+0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.82%

15.49%

+1.33%

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

FCRR.TO has a 0.35% expense ratio, which is lower than FCIV.TO's 0.45% expense ratio.

Dividends

FCRR.TO vs. FCIV.TO - Dividend Comparison

FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, less than FCIV.TO's 2.11% yield.

PositionTTM20252024202320222021202020192018
FCIV.TO
Fidelity International Value ETF		2.11%2.09%2.80%3.64%3.45%2.97%0.90%0.00%0.00%
FCRR.TO
Fidelity U.S. Dividend for Rising Rates ETF		1.55%1.86%1.65%2.01%2.08%1.59%2.53%2.27%0.61%

Frequently Asked Questions

FCRR.TO and FCIV.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FCRR.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FCRR.TO is cheaper with a 0.35% expense ratio, compared with 0.45% for FCIV.TO.

FCRR.TO is categorized as Dividend, while FCIV.TO is Foreign Large Cap Equities. Their fees differ too: 0.35% for FCRR.TO and 0.45% for FCIV.TO.

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