FCUH.TO vs. XDUH.TO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - FCUH.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. FCUH.TO is actively managed, while XDUH.TO is passively managed. Over the past 5 years, FCUH.TO returned 8.27%/yr vs 6.72%/yr for XDUH.TO. A 0.51 correlation means they provide meaningful diversification when combined. FCUH.TO charges 0.38%/yr vs 0.16%/yr for XDUH.TO.
Performance
FCUH.TO vs. XDUH.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCUH.TO having a 10.30% return and XDUH.TO slightly lower at 9.87%.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 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*
- —
FCUH.TO vs. XDUH.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% |
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 FCUH.TO and XDUH.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.51 |
Over the past year, the correlation between FCUH.TO and XDUH.TO has dropped to 0.21 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
FCUH.TO vs. XDUH.TO — Risk / Return Rank
FCUH.TO
XDUH.TO
FCUH.TO vs. XDUH.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 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.
| FCUH.TO | XDUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.19 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.41 | 5.81 | -1.40 |
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Drawdowns
FCUH.TO vs. XDUH.TO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, 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 FCUH.TO and XDUH.TO.
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Drawdown Indicators
| FCUH.TO | XDUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -34.91% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.08% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -14.35% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -17.33% | -4.47% |
Current DrawdownCurrent decline from peak | -1.29% | -2.27% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.40% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.29% | +0.08% |
Volatility
FCUH.TO vs. XDUH.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) has a volatility of 3.54%. This indicates that FCUH.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
| FCUH.TO | XDUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 3.54% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 7.30% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 11.73% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 13.61% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 16.43% | +3.71% |
FCUH.TO vs. XDUH.TO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.
Dividends
FCUH.TO vs. XDUH.TO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, more than XDUH.TO's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
FCUH.TO and XDUH.TO have a correlation of 0.21, 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 0.38% for FCUH.TO.
FCUH.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: 0.38% for FCUH.TO and 0.16% for XDUH.TO.
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