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

FCUD.TO vs. PDIV.TO

Last updated Jul 16, 2026
Documentation

FCUD.TO (Fidelity U.S. High Dividend ETF) and PDIV.TO (Purpose Enhanced Dividend Fund ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, FCUD.TO returned 9.99%/yr vs 8.03%/yr for PDIV.TO. At a 0.40 correlation, their price movements are largely independent. FCUD.TO charges 0.35%/yr vs 0.77%/yr for PDIV.TO.

Performance

FCUD.TO vs. PDIV.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 Purpose Enhanced Dividend Fund ETF (PDIV.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 higher than PDIV.TO's 10.43% 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*
—

PDIV.TO

1D
0.41%
1M
1.92%
6M
8.93%
YTD
10.43%
1Y
20.67%
3Y*
12.26%
5Y*
8.03%
10Y*
9.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUD.TO vs. PDIV.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%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		10.43%14.66%10.71%4.64%-4.39%20.18%-1.15%23.57%-9.03%

Correlation

The correlation between FCUD.TO and PDIV.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.59

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

0.49

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

0.40

The correlation between FCUD.TO and PDIV.TO shifts across timeframes, from 0.40 (all time) to 0.59 (3 years), 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

Purpose Enhanced Dividend Fund ETF

Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. MNY.TOPDIV.TO vs. VDY.TOPDIV.TO vs. HYLD.TOPDIV.TO vs. SPYIPDIV.TO vs. PDC.TOPDIV.TO vs. PMIF.TO

Return for Risk

FCUD.TO vs. PDIV.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
PDIV.TO
PDIV.TO Risk / Return Rank: 9393
Overall Rank
PDIV.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 9595
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 9191
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. PDIV.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 Purpose Enhanced Dividend Fund ETF (PDIV.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.TOPDIV.TODifference
Sharpe ratioReturn per unit of total volatility
0.43
3.03

-2.60

Sortino ratioReturn per unit of downside risk
0.59
4.20

-3.60

Omega ratioGain probability vs. loss probability

1.10

1.62

-0.52

Calmar ratioReturn relative to maximum drawdown

0.38

3.94

-3.56

Martin ratioReturn relative to average drawdown

0.87

17.19

-16.32

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

The current FCUD.TO Sharpe Ratio is 0.43, which is lower than the PDIV.TO Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of FCUD.TO and PDIV.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. PDIV.TO - Drawdown Comparison

The maximum FCUD.TO drawdown since its inception was -38.79%, which is greater than PDIV.TO's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for FCUD.TO and PDIV.TO.

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Drawdown Indicators

FCUD.TOPDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.79%

-30.64%

-8.15%

Max Drawdown (1Y)

Largest decline over 1 year

-14.19%

-5.27%

-8.92%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

-8.82%

-7.31%

Max Drawdown (5Y)

Largest decline over 5 years

-16.13%

-15.93%

-0.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.64%

—

Current Drawdown

Current decline from peak

-1.54%

0.00%

-1.54%

Average Drawdown

Average peak-to-trough decline

-4.69%

-4.33%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.12%

1.21%

+4.91%

Volatility

FCUD.TO vs. PDIV.TO - Volatility Comparison

Fidelity U.S. High Dividend ETF (FCUD.TO) has a higher volatility of 1.82% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 1.38%. This indicates that FCUD.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.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.TOPDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.82%

1.38%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

6.34%

5.50%

+0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

6.88%

+5.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.11%

10.06%

+3.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.82%

13.91%

+3.91%

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

FCUD.TO has a 0.35% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.

Dividends

FCUD.TO vs. PDIV.TO - Dividend Comparison

FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, less than PDIV.TO's 11.61% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		11.61%11.23%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%

Frequently Asked Questions

FCUD.TO and PDIV.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FCUD.TO is cheaper with a 0.35% expense ratio, compared with 0.77% for PDIV.TO.

They also come from different issuers: Fidelity and Purpose Investments. Their fees differ too: 0.35% for FCUD.TO and 0.77% for PDIV.TO.

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