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FCUD.TO vs. FCCD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCUD.TO vs. FCCD.TO

Last updated Jul 16, 2026
Documentation

FCUD.TO (Fidelity U.S. High Dividend ETF) and FCCD.TO (Fidelity Canadian High Dividend Index ETF) are both Dividend funds from Fidelity. FCUD.TO is actively managed, while FCCD.TO is passively managed. Over the past 5 years, FCUD.TO returned 9.99%/yr vs 12.21%/yr for FCCD.TO. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

FCUD.TO vs. FCCD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Dividend ETF (FCUD.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.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, FCUD.TO achieves a 14.75% return, which is significantly lower than FCCD.TO's 16.19% return.

FCUD.TO

1D
0.07%
1M
0.46%
6M
10.36%
YTD
14.75%
1Y
5.31%
3Y*
11.70%
5Y*
9.99%
10Y*
—

FCCD.TO

1D
0.49%
1M
0.63%
6M
12.66%
YTD
16.19%
1Y
31.91%
3Y*
19.95%
5Y*
12.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUD.TO vs. FCCD.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FCUD.TO
Fidelity U.S. High Dividend ETF		14.75%-5.65%22.63%8.12%0.48%31.54%-4.76%16.79%-7.90%
FCCD.TO
Fidelity Canadian High Dividend Index ETF		16.19%25.05%16.92%3.35%-4.04%29.46%-8.44%20.71%-8.25%

Correlation

The correlation between FCUD.TO and FCCD.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.54

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

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2018

0.60

The correlation between FCUD.TO and FCCD.TO shifts across timeframes, from 0.47 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

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. High Dividend ETF

Fidelity Canadian High Dividend Index ETF

Often compared with FCCD.TO:
FCCD.TO vs. VDY.TOFCCD.TO vs. ZDIV.TOFCCD.TO vs. FCUV.TOFCCD.TO vs. ZDV.TOFCCD.TO vs. FCIL.NEOFCCD.TO vs. IDIV-B.TOFCCD.TO vs. XDIV.TO

Return for Risk

FCUD.TO vs. FCCD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCUD.TO
FCUD.TO Risk / Return Rank: 1515
Overall Rank
FCUD.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
FCUD.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
FCUD.TO Omega Ratio Rank: 1818
Omega Ratio Rank
FCUD.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
FCUD.TO Martin Ratio Rank: 1414
Martin Ratio Rank
FCCD.TO
FCCD.TO Risk / Return Rank: 9696
Overall Rank
FCCD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FCCD.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
FCCD.TO Omega Ratio Rank: 9696
Omega Ratio Rank
FCCD.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
FCCD.TO Martin Ratio Rank: 9696
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.

FCUD.TO vs. FCCD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend ETF (FCUD.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.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.

FCUD.TOFCCD.TODifference
Sharpe ratioReturn per unit of total volatility
0.43
3.69

-3.26

Sortino ratioReturn per unit of downside risk
0.59
5.13

-4.54

Omega ratioGain probability vs. loss probability

1.10

1.68

-0.58

Calmar ratioReturn relative to maximum drawdown

0.38

5.66

-5.28

Martin ratioReturn relative to average drawdown

0.87

25.97

-25.10

FCUD.TO vs. FCCD.TO - Sharpe Ratio Comparison

The current FCUD.TO Sharpe Ratio is 0.43, which is lower than the FCCD.TO Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of FCUD.TO and FCCD.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

FCUD.TO vs. FCCD.TO - Drawdown Comparison

The maximum FCUD.TO drawdown since its inception was -38.79%, smaller than the maximum FCCD.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for FCUD.TO and FCCD.TO.

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Drawdown Indicators

FCUD.TOFCCD.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.79%

-43.53%

+4.74%

Max Drawdown (1Y)

Largest decline over 1 year

-14.19%

-5.67%

-8.52%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

-9.94%

-6.19%

Max Drawdown (5Y)

Largest decline over 5 years

-16.13%

-19.24%

+3.11%

Current Drawdown

Current decline from peak

-1.54%

0.00%

-1.54%

Average Drawdown

Average peak-to-trough decline

-4.69%

-6.30%

+1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.12%

1.23%

+4.89%

Volatility

FCUD.TO vs. FCCD.TO - Volatility Comparison

The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while Fidelity Canadian High Dividend Index ETF (FCCD.TO) has a volatility of 2.50%. This indicates that FCUD.TO experiences smaller price fluctuations and is considered to be less risky than FCCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUD.TOFCCD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.82%

2.50%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

6.34%

7.03%

-0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

8.71%

+3.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.11%

11.52%

+1.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.82%

17.00%

+0.82%

FCUD.TO vs. FCCD.TO - Expense Ratio Comparison

Both FCUD.TO and FCCD.TO have an expense ratio of 0.35%.

Dividends

FCUD.TO vs. FCCD.TO - Dividend Comparison

FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, less than FCCD.TO's 2.97% yield.

PositionTTM20252024202320222021202020192018
FCCD.TO
Fidelity Canadian High Dividend Index ETF		2.97%3.56%4.27%4.65%4.01%3.02%4.74%3.80%0.16%
FCUD.TO
Fidelity U.S. High Dividend ETF		2.46%3.13%2.15%2.45%2.72%2.16%4.10%2.90%1.01%

Frequently Asked Questions

FCUD.TO and FCCD.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

FCUD.TO and FCCD.TO have the same expense ratio: 0.35% per year.

Portfolio Optimizer

Find the right allocation for FCUD.TO and FCCD.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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