FCUD.TO vs. XDUH.TO
FCUD.TO (Fidelity U.S. High Dividend ETF) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - FCUD.TO is a Dividend fund actively managed by Fidelity, while XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD. FCUD.TO is actively managed, while XDUH.TO is passively managed. Over the past 5 years, FCUD.TO returned 9.99%/yr vs 6.72%/yr for XDUH.TO. A 0.55 correlation means they provide meaningful diversification when combined. FCUD.TO charges 0.35%/yr vs 0.16%/yr for XDUH.TO.
Performance
FCUD.TO vs. XDUH.TO - Performance Comparison
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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 XDUH.TO's 9.87% 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*
- —
XDUH.TO
- 1D
- -0.51%
- 1M
- -0.83%
- 6M
- 6.62%
- YTD
- 9.87%
- 1Y
- 13.26%
- 3Y*
- 10.91%
- 5Y*
- 6.72%
- 10Y*
- —
FCUD.TO vs. XDUH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 9.87% | 8.08% | 9.51% | 5.63% | -6.27% | 22.61% | -2.02% | 21.45% | -9.68% |
Correlation
The correlation between FCUD.TO and XDUH.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.55 |
The correlation between FCUD.TO and XDUH.TO shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCUD.TO vs. XDUH.TO — Risk / Return Rank
FCUD.TO
XDUH.TO
FCUD.TO vs. XDUH.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 iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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.TO | XDUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 2.19 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.87 | 5.81 | -4.94 |
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Drawdowns
FCUD.TO vs. XDUH.TO - Drawdown Comparison
The maximum FCUD.TO drawdown since its inception was -38.79%, which is greater than XDUH.TO's maximum drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for FCUD.TO and XDUH.TO.
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Drawdown Indicators
| FCUD.TO | XDUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -34.91% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -6.08% | -8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -14.35% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -17.33% | +1.20% |
Current DrawdownCurrent decline from peak | -1.54% | -2.27% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.40% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 2.29% | +3.83% |
Volatility
FCUD.TO vs. XDUH.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) has a volatility of 3.54%. This indicates that FCUD.TO experiences smaller price fluctuations and is considered to be less risky than XDUH.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.TO | XDUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 3.54% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 7.30% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 11.73% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 13.61% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 16.43% | +1.39% |
FCUD.TO vs. XDUH.TO - Expense Ratio Comparison
FCUD.TO has a 0.35% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.
Dividends
FCUD.TO vs. XDUH.TO - Dividend Comparison
FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, more than XDUH.TO's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 2.27% | 2.46% | 2.67% | 2.55% | 2.40% | 2.62% | 2.67% | 2.36% | 2.75% | 0.76% |
Frequently Asked Questions
FCUD.TO and XDUH.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.35% for FCUD.TO.
FCUD.TO is categorized as Dividend, while XDUH.TO is Large Cap Value Equities. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.35% for FCUD.TO and 0.16% for XDUH.TO.
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