FCUQ.TO vs. RUD.TO

Last updated Jun 25, 2026

FCUQ.TO (Fidelity U.S. High Quality ETF) and RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) are both Large Cap Blend Equities funds. FCUQ.TO is passively managed, while RUD.TO is actively managed. Over the past 5 years, FCUQ.TO returned 13.74%/yr vs 13.43%/yr for RUD.TO. A 0.66 correlation means they provide meaningful diversification when combined. FCUQ.TO charges 0.35%/yr vs 0.43%/yr for RUD.TO.

Performance

FCUQ.TO vs. RUD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Quality ETF (FCUQ.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCUQ.TO achieves a 7.96% return, which is significantly lower than RUD.TO's 10.54% return.

FCUQ.TO

• 1D: 0.41%
• 1M: 1.34%
• YTD: 7.96%
• 6M: 5.05%
• 1Y: 13.23%
• 3Y*: 18.63%
• 5Y*: 13.74%
• 10Y*: —

RUD.TO

• 1D: -0.10%
• 1M: 1.01%
• YTD: 10.54%
• 6M: 6.51%
• 1Y: 22.83%
• 3Y*: 19.57%
• 5Y*: 13.43%
• 10Y*: 17.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUQ.TO vs. RUD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCUQ.TO Fidelity U.S. High Quality ETF	7.96%	4.69%	32.91%	20.08%	-11.46%	31.71%	9.30%	29.08%
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	10.54%	7.35%	25.76%	23.90%	-15.14%	54.34%	13.61%	20.76%

Correlation

The correlation between FCUQ.TO and RUD.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 24, 2019	0.66

The correlation between FCUQ.TO and RUD.TO shifts across timeframes, from 0.66 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

FCUQ.TO vs. RUD.TO - Sectors Allocation Comparison

Sectors	FCUQ.TO	RUD.TO
Technology	41.5%	31.1%
Industrials	15.1%	8.7%
Consumer Cyclical	9.3%	13.2%
Consumer Defensive	7.9%	8.4%
Basic Materials	6.6%	0.5%
Financial Services	5.2%	12.9%
Healthcare	5.2%	8.0%
Communication Services	3.3%	8.4%
Real Estate	1.6%	0.8%
Energy	-	5.0%
Utilities	-	3.0%

Return for Risk

FCUQ.TO vs. RUD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCUQ.TO

FCUQ.TO Risk / Return Rank: 30
FCUQ.TO Sharpe Ratio Rank: 34
FCUQ.TO Sortino Ratio Rank: 33
FCUQ.TO Omega Ratio Rank: 33
FCUQ.TO Calmar Ratio Rank: 25
FCUQ.TO Martin Ratio Rank: 28

RUD.TO

RUD.TO Risk / Return Rank: 68
RUD.TO Sharpe Ratio Rank: 64
RUD.TO Sortino Ratio Rank: 62
RUD.TO Omega Ratio Rank: 65
RUD.TO Calmar Ratio Rank: 75
RUD.TO Martin Ratio Rank: 74

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.

FCUQ.TO vs. RUD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Quality ETF (FCUQ.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.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.

	FCUQ.TO	RUD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.85	-0.74
Sortino ratio: Return per unit of downside risk	1.62	2.53	-0.92
Omega ratio: Gain probability vs. loss probability	1.20	1.34	-0.14
Calmar ratio: Return relative to maximum drawdown	1.10	3.45	-2.36
Martin ratio: Return relative to average drawdown	3.57	12.28	-8.72

FCUQ.TO vs. RUD.TO - Sharpe Ratio Comparison

The current FCUQ.TO Sharpe Ratio is 1.11, which is lower than the RUD.TO Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FCUQ.TO and RUD.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.

Drawdowns

FCUQ.TO vs. RUD.TO - Drawdown Comparison

The maximum FCUQ.TO drawdown since its inception was -27.90%, smaller than the maximum RUD.TO drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for FCUQ.TO and RUD.TO.

Drawdown Indicators

	FCUQ.TO	RUD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	-35.99%	+8.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-6.65%	-5.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-28.31%	+11.84%
Max Drawdown (5Y) Largest decline over 5 years	-22.73%	-28.31%	+5.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.99%	—
Current Drawdown Current decline from peak	-1.49%	-0.96%	-0.53%
Average Drawdown Average peak-to-trough decline	-4.84%	-10.08%	+5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	1.86%	+1.86%

Volatility

FCUQ.TO vs. RUD.TO - Volatility Comparison

Fidelity U.S. High Quality ETF (FCUQ.TO) has a higher volatility of 4.44% compared to RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) at 3.61%. This indicates that FCUQ.TO's price experiences larger fluctuations and is considered to be riskier than RUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCUQ.TO	RUD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.61%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	9.76%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	12.42%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	35.34%	-20.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.23%	44.71%	-20.48%

FCUQ.TO vs. RUD.TO - Expense Ratio Comparison

FCUQ.TO has a 0.35% expense ratio, which is lower than RUD.TO's 0.43% expense ratio.

Dividends

FCUQ.TO vs. RUD.TO - Dividend Comparison

FCUQ.TO's dividend yield for the trailing twelve months is around 0.67%, less than RUD.TO's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCUQ.TO Fidelity U.S. High Quality ETF	0.67%	0.74%	0.78%	0.89%	1.06%	0.77%	1.22%	0.86%	0.00%	0.00%	0.00%	0.00%
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	1.38%	1.38%	3.43%	5.24%	5.51%	3.38%	5.73%	6.77%	7.06%	6.23%	6.07%	7.42%

Frequently Asked Questions

Can I hold both FCUQ.TO and RUD.TO in my portfolio?

FCUQ.TO and RUD.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCUQ.TO or RUD.TO?

On fees, FCUQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCUQ.TO or RUD.TO?

FCUQ.TO is cheaper with a 0.35% expense ratio, compared with 0.43% for RUD.TO.

What is the main difference between FCUQ.TO and RUD.TO?

They also come from different issuers: Fidelity and RBC. Their fees differ too: 0.35% for FCUQ.TO and 0.43% for RUD.TO.