FCUH.TO vs. PDIV.TO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and PDIV.TO (Purpose Enhanced Dividend Fund ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, FCUH.TO returned 8.27%/yr vs 8.03%/yr for PDIV.TO. At a 0.36 correlation, their price movements are largely independent. FCUH.TO charges 0.38%/yr vs 0.77%/yr for PDIV.TO.
Performance
FCUH.TO vs. PDIV.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCUH.TO having a 10.30% return and PDIV.TO slightly higher at 10.43%.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 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%
FCUH.TO vs. PDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 9.08% | -6.43% | 31.92% | -6.08% | 22.45% | -13.39% |
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 FCUH.TO and PDIV.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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.36 |
The correlation between FCUH.TO and PDIV.TO shifts across timeframes, from 0.17 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCUH.TO vs. PDIV.TO — Risk / Return Rank
FCUH.TO
PDIV.TO
FCUH.TO vs. PDIV.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 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.
| FCUH.TO | PDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.62 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.94 | -2.49 |
| Martin ratioReturn relative to average drawdown | 4.41 | 17.19 | -12.78 |
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Drawdowns
FCUH.TO vs. PDIV.TO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, 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 FCUH.TO and PDIV.TO.
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Drawdown Indicators
| FCUH.TO | PDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -30.64% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -5.27% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -8.82% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -15.93% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.64% | — |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.33% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.21% | +1.16% |
Volatility
FCUH.TO vs. PDIV.TO - Volatility Comparison
Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) has a higher volatility of 2.55% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 1.38%. This indicates that FCUH.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
| FCUH.TO | PDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 1.38% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 5.50% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 6.88% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 10.06% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 13.91% | +6.23% |
FCUH.TO vs. PDIV.TO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.
Dividends
FCUH.TO vs. PDIV.TO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, less than PDIV.TO's 11.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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
FCUH.TO and PDIV.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, FCUH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO is cheaper with a 0.38% expense ratio, compared with 0.77% for PDIV.TO.
They also come from different issuers: Fidelity and Purpose Investments. Their fees differ too: 0.38% for FCUH.TO and 0.77% for PDIV.TO.
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