FCRR.TO vs. FCUV.TO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and FCUV.TO (Fidelity U.S. Value ETF) are both exchange-traded funds - FCRR.TO is a Dividend fund actively managed by Fidelity, while FCUV.TO is a Large Cap Value Equities fund tracking the Fidelity Canada U.S. Value Index. FCRR.TO is actively managed, while FCUV.TO is passively managed. Over the past 5 years, FCRR.TO returned 12.52%/yr vs 21.12%/yr for FCUV.TO. A 0.55 correlation means they provide meaningful diversification when combined. FCRR.TO charges 0.35%/yr vs 0.38%/yr for FCUV.TO.
Performance
FCRR.TO vs. FCUV.TO - Performance Comparison
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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 FCUV.TO's 17.80% 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*
- —
FCUV.TO
- 1D
- -0.68%
- 1M
- 1.95%
- 6M
- 13.24%
- YTD
- 17.80%
- 1Y
- 34.68%
- 3Y*
- 25.54%
- 5Y*
- 21.12%
- 10Y*
- —
FCRR.TO vs. FCUV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -6.47% | 29.36% | 11.47% |
FCUV.TO Fidelity U.S. Value ETF | 17.80% | 14.83% | 35.81% | 19.99% | 2.58% | 38.13% | 13.42% |
Correlation
The correlation between FCRR.TO and FCUV.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.55 |
The correlation between FCRR.TO and FCUV.TO shifts across timeframes, from 0.48 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCRR.TO vs. FCUV.TO — Risk / Return Rank
FCRR.TO
FCUV.TO
FCRR.TO vs. FCUV.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 U.S. Value ETF (FCUV.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.TO | FCUV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 5.20 | -4.38 |
| Martin ratioReturn relative to average drawdown | 1.64 | 17.47 | -15.83 |
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Drawdowns
FCRR.TO vs. FCUV.TO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, which is greater than FCUV.TO's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and FCUV.TO.
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Drawdown Indicators
| FCRR.TO | FCUV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -16.47% | -14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -6.70% | -11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -16.47% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -16.47% | -2.14% |
Current DrawdownCurrent decline from peak | -3.84% | -1.60% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -2.50% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 1.99% | +7.30% |
Volatility
FCRR.TO vs. FCUV.TO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while Fidelity U.S. Value ETF (FCUV.TO) has a volatility of 4.64%. This indicates that FCRR.TO experiences smaller price fluctuations and is considered to be less risky than FCUV.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.TO | FCUV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 4.64% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 11.17% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 14.97% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 15.36% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 14.85% | +1.97% |
FCRR.TO vs. FCUV.TO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is lower than FCUV.TO's 0.38% expense ratio.
Dividends
FCRR.TO vs. FCUV.TO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, more than FCUV.TO's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
FCUV.TO Fidelity U.S. Value ETF | 0.88% | 1.14% | 1.03% | 1.43% | 2.71% | 1.10% | 3.42% | 0.00% | 0.00% |
Frequently Asked Questions
FCRR.TO and FCUV.TO have a correlation of 0.48, 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 0.38% for FCUV.TO.
FCRR.TO is categorized as Dividend, while FCUV.TO is Large Cap Value Equities. Their fees differ too: 0.35% for FCRR.TO and 0.38% for FCUV.TO.
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