FCRR.TO vs. TBNK.TO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. FCRR.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, FCRR.TO returned 17.64%/yr vs 36.93%/yr for TBNK.TO. At a 0.36 correlation, their price movements are largely independent. FCRR.TO charges 0.35%/yr vs 0.28%/yr for TBNK.TO.
Performance
FCRR.TO vs. TBNK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly lower than TBNK.TO's 37.19% 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*
- —
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
FCRR.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 10.06% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between FCRR.TO and TBNK.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.36 |
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
FCRR.TO vs. TBNK.TO — Risk / Return Rank
FCRR.TO
TBNK.TO
FCRR.TO vs. TBNK.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 TD Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.81 | ||
| Sortino ratioReturn per unit of downside risk | -6.32 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.99 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 8.99 | -8.17 |
| Martin ratioReturn relative to average drawdown | 1.64 | 38.88 | -37.24 |
Loading charts...
Drawdowns
FCRR.TO vs. TBNK.TO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and TBNK.TO.
Loading charts...
Drawdown Indicators
| FCRR.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -15.03% | -16.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -8.25% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -15.03% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | 0.00% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -2.37% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 1.90% | +7.39% |
Volatility
FCRR.TO vs. TBNK.TO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 4.21%. This indicates that FCRR.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCRR.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 4.21% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 11.70% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 13.38% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 12.90% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 12.90% | +3.92% |
FCRR.TO vs. TBNK.TO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is higher than TBNK.TO's 0.28% expense ratio.
Dividends
FCRR.TO vs. TBNK.TO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, less than TBNK.TO's 2.14% 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% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCRR.TO and TBNK.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBNK.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBNK.TO is cheaper with a 0.28% expense ratio, compared with 0.35% for FCRR.TO.
They also come from different issuers: Fidelity and TD. Their fees differ too: 0.35% for FCRR.TO and 0.28% for TBNK.TO.
Find the right allocation for FCRR.TO and TBNK.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