FCUH.TO vs. TBNK.TO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. FCUH.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, FCUH.TO returned 11.42%/yr vs 36.93%/yr for TBNK.TO. At a 0.31 correlation, their price movements are largely independent. FCUH.TO charges 0.38%/yr vs 0.28%/yr for TBNK.TO.
Performance
FCUH.TO vs. TBNK.TO - Performance Comparison
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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 TBNK.TO's 37.19% 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*
- —
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
FCUH.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 11.18% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between FCUH.TO and TBNK.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.31 |
Over the past year, the correlation between FCUH.TO and TBNK.TO has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
FCUH.TO vs. TBNK.TO — Risk / Return Rank
FCUH.TO
TBNK.TO
FCUH.TO vs. TBNK.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 TD Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.71 | ||
| Sortino ratioReturn per unit of downside risk | -6.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.99 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 8.99 | -7.54 |
| Martin ratioReturn relative to average drawdown | 4.41 | 38.88 | -34.47 |
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Drawdowns
FCUH.TO vs. TBNK.TO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FCUH.TO and TBNK.TO.
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Drawdown Indicators
| FCUH.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -15.03% | -30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -8.25% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -15.03% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -2.37% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.90% | +0.47% |
Volatility
FCUH.TO vs. TBNK.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 4.21%. This indicates that FCUH.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 4.21% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 11.70% | -5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 13.38% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 12.90% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 12.90% | +7.24% |
FCUH.TO vs. TBNK.TO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is higher than TBNK.TO's 0.28% expense ratio.
Dividends
FCUH.TO vs. TBNK.TO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, more than TBNK.TO's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCUH.TO and TBNK.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBNK.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBNK.TO is cheaper with a 0.28% expense ratio, compared with 0.38% for FCUH.TO.
They also come from different issuers: Fidelity and TD. Their fees differ too: 0.38% for FCUH.TO and 0.28% for TBNK.TO.
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