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FCUH.TO vs. FCUV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCUH.TO vs. FCUV.TO

Last updated Jul 16, 2026
Documentation

FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and FCUV.TO (Fidelity U.S. Value ETF) are both exchange-traded funds - FCUH.TO is a Dividend fund actively managed by Fidelity, while FCUV.TO is a Large Cap Value Equities fund tracking the Fidelity Canada U.S. Value Index. FCUH.TO is actively managed, while FCUV.TO is passively managed. Over the past 5 years, FCUH.TO returned 8.27%/yr vs 21.12%/yr for FCUV.TO. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.38% expense ratio.

Performance

FCUH.TO vs. FCUV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) and Fidelity U.S. Value ETF (FCUV.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, FCUH.TO achieves a 10.30% return, which is significantly lower than FCUV.TO's 17.80% return.

FCUH.TO

1D
0.16%
1M
-0.28%
6M
8.91%
YTD
10.30%
1Y
10.83%
3Y*
11.42%
5Y*
8.27%
10Y*
—

FCUV.TO

1D
-0.68%
1M
1.95%
6M
13.24%
YTD
17.80%
1Y
34.68%
3Y*
25.54%
5Y*
21.12%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUH.TO vs. FCUV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCUH.TO
Fidelity U.S. High Dividend Currency Neutral ETF		10.30%7.12%12.67%9.08%-6.43%31.92%8.58%
FCUV.TO
Fidelity U.S. Value ETF		17.80%14.83%35.81%19.99%2.58%38.13%13.42%

Correlation

The correlation between FCUH.TO and FCUV.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.18

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

0.33

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

0.43

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2020

0.39

Over the past year, the correlation between FCUH.TO and FCUV.TO has dropped to 0.18 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

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 Currency Neutral ETF

Fidelity U.S. Value ETF

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Return for Risk

FCUH.TO vs. FCUV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCUH.TO
FCUH.TO Risk / Return Rank: 3030
Overall Rank
FCUH.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
FCUH.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
FCUH.TO Omega Ratio Rank: 3131
Omega Ratio Rank
FCUH.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
FCUH.TO Martin Ratio Rank: 3535
Martin Ratio Rank
FCUV.TO
FCUV.TO Risk / Return Rank: 9090
Overall Rank
FCUV.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FCUV.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
FCUV.TO Omega Ratio Rank: 8787
Omega Ratio Rank
FCUV.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
FCUV.TO Martin Ratio Rank: 9292
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.

FCUH.TO vs. FCUV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) and Fidelity U.S. Value ETF (FCUV.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.

FCUH.TOFCUV.TODifference
Sharpe ratioReturn per unit of total volatility
0.84
2.33

-1.49

Sortino ratioReturn per unit of downside risk
1.19
3.23

-2.04

Omega ratioGain probability vs. loss probability

1.18

1.42

-0.24

Calmar ratioReturn relative to maximum drawdown

1.45

5.20

-3.75

Martin ratioReturn relative to average drawdown

4.41

17.47

-13.06

FCUH.TO vs. FCUV.TO - Sharpe Ratio Comparison

The current FCUH.TO Sharpe Ratio is 0.84, which is lower than the FCUV.TO Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FCUH.TO and FCUV.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

FCUH.TO vs. FCUV.TO - Drawdown Comparison

The maximum FCUH.TO drawdown since its inception was -45.06%, which is greater than FCUV.TO's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for FCUH.TO and FCUV.TO.

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Drawdown Indicators

FCUH.TOFCUV.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.06%

-16.47%

-28.59%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-6.70%

-0.52%

Max Drawdown (3Y)

Largest decline over 3 years

-16.03%

-16.47%

+0.44%

Max Drawdown (5Y)

Largest decline over 5 years

-21.80%

-16.47%

-5.33%

Current Drawdown

Current decline from peak

-1.29%

-1.60%

+0.31%

Average Drawdown

Average peak-to-trough decline

-6.07%

-2.50%

-3.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

1.99%

+0.38%

Volatility

FCUH.TO vs. FCUV.TO - Volatility Comparison

The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while Fidelity U.S. Value ETF (FCUV.TO) has a volatility of 4.64%. This indicates that FCUH.TO experiences smaller price fluctuations and is considered to be less risky than FCUV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUH.TOFCUV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

4.64%

-2.09%

Volatility (6M)

Calculated over the trailing 6-month period

6.36%

11.17%

-4.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.43%

14.97%

-2.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.12%

15.36%

-0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.14%

14.85%

+5.29%

FCUH.TO vs. FCUV.TO - Expense Ratio Comparison

Both FCUH.TO and FCUV.TO have an expense ratio of 0.38%.

Dividends

FCUH.TO vs. FCUV.TO - Dividend Comparison

FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, more than FCUV.TO's 0.88% yield.

PositionTTM20252024202320222021202020192018
FCUH.TO
Fidelity U.S. High Dividend Currency Neutral ETF		2.48%2.72%2.41%2.57%3.05%2.32%4.23%2.99%0.29%
FCUV.TO
Fidelity U.S. Value ETF		0.88%1.14%1.03%1.43%2.71%1.10%3.42%0.00%0.00%

Frequently Asked Questions

FCUH.TO and FCUV.TO have a correlation of 0.18, 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 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

FCUH.TO and FCUV.TO have the same expense ratio: 0.38% per year.

FCUH.TO is categorized as Dividend, while FCUV.TO is Large Cap Value Equities.

Portfolio Optimizer

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