FCRR.TO vs. XDIV.TO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both Dividend funds. FCRR.TO is actively managed, while XDIV.TO is passively managed. Over the past 5 years, FCRR.TO returned 12.52%/yr vs 18.48%/yr for XDIV.TO. At a 0.40 correlation, their price movements are largely independent. FCRR.TO charges 0.35%/yr vs 0.11%/yr for XDIV.TO.
Performance
FCRR.TO vs. XDIV.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 XDIV.TO's 26.60% 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*
- —
XDIV.TO
- 1D
- 1.10%
- 1M
- 2.05%
- 6M
- 24.43%
- YTD
- 26.60%
- 1Y
- 44.65%
- 3Y*
- 25.65%
- 5Y*
- 18.48%
- 10Y*
- —
FCRR.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -6.47% | 29.36% | 2.65% | 24.40% | -10.27% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 26.60% | 25.04% | 19.84% | 11.95% | 0.49% | 33.31% | -7.53% | 25.14% | -9.21% |
Correlation
The correlation between FCRR.TO and XDIV.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.40 |
Over the past year, the correlation between FCRR.TO and XDIV.TO has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
FCRR.TO vs. XDIV.TO — Risk / Return Rank
FCRR.TO
XDIV.TO
FCRR.TO vs. XDIV.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 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.
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 | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.52 | ||
| Sortino ratioReturn per unit of downside risk | -6.46 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.11 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 16.15 | -15.33 |
| Martin ratioReturn relative to average drawdown | 1.64 | 52.59 | -50.95 |
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Drawdowns
FCRR.TO vs. XDIV.TO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and XDIV.TO.
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Drawdown Indicators
| FCRR.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -41.29% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -2.78% | -15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -10.53% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -17.33% | -1.28% |
Current DrawdownCurrent decline from peak | -3.84% | 0.00% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.36% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 0.85% | +8.44% |
Volatility
FCRR.TO vs. XDIV.TO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a volatility of 3.04%. This indicates that FCRR.TO experiences smaller price fluctuations and is considered to be less risky than XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.04% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 6.67% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 8.55% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 10.57% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 16.29% | +0.53% |
FCRR.TO vs. XDIV.TO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
FCRR.TO vs. XDIV.TO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, less than XDIV.TO's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.14% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% |
Frequently Asked Questions
FCRR.TO and XDIV.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.35% for FCRR.TO.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.35% for FCRR.TO and 0.11% for XDIV.TO.
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