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FCUQ.TO vs. XUH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FCUQ.TO vs. XUH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity U.S. High Quality ETF (FCUQ.TO) and iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO).

FCUQ.TO and XUH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCUQ.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. High Quality Index. It was launched on Jan 18, 2019. XUH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Feb 17, 2015. Both FCUQ.TO and XUH.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FCUQ.TO vs. XUH.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 iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
FCUQ.TO
Fidelity U.S. High Quality ETF		-5.25%4.67%32.89%20.05%-11.48%31.73%13.51%24.22%
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		-5.14%15.11%22.45%24.06%-20.19%26.19%15.53%21.13%

Returns By Period

The year-to-date returns for both investments are quite close, with FCUQ.TO having a -5.25% return and XUH.TO slightly higher at -5.14%.

FCUQ.TO

1D
2.70%
1M
-5.88%
YTD
-5.25%
6M
-7.98%
1Y
0.81%
3Y*
14.38%
5Y*
11.73%
10Y*
—

XUH.TO

1D
2.96%
1M
-5.02%
YTD
-5.14%
6M
-3.06%
1Y
15.07%
3Y*
15.80%
5Y*
9.11%
10Y*
11.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Fidelity U.S. High Quality ETF

iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

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Often compared with XUH.TO:
XUH.TO vs. XUU.TOXUH.TO vs. XUU-U.TOXUH.TO vs. VFV.TOXUH.TO vs. XSU.TOXUH.TO vs. IUSGXUH.TO vs. VSP.TOXUH.TO vs. VYM

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

FCUQ.TO has a 0.35% expense ratio, which is higher than XUH.TO's 0.08% expense ratio.

FCUQ.TO
Fidelity U.S. High Quality ETF
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

Return for Risk

FCUQ.TO vs. XUH.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: 1313
Overall Rank
FCUQ.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
FCUQ.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
FCUQ.TO Omega Ratio Rank: 1313
Omega Ratio Rank
FCUQ.TO Calmar Ratio Rank: 1515
Calmar Ratio Rank
FCUQ.TO Martin Ratio Rank: 1515
Martin Ratio Rank
XUH.TO
XUH.TO Risk / Return Rank: 5252
Overall Rank
XUH.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XUH.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
XUH.TO Omega Ratio Rank: 5353
Omega Ratio Rank
XUH.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XUH.TO Martin Ratio Rank: 6161
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.

FCUQ.TO vs. XUH.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 iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.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.

FCUQ.TOXUH.TODifference

Sharpe ratio

Return per unit of total volatility

0.05

0.82

-0.77

Sortino ratio

Return per unit of downside risk

0.18

1.29

-1.11

Omega ratio

Gain probability vs. loss probability

1.03

1.19

-0.17

Calmar ratio

Return relative to maximum drawdown

0.15

1.27

-1.12

Martin ratio

Return relative to average drawdown

0.45

5.90

-5.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FCUQ.TO Sharpe Ratio is 0.05, which is lower than the XUH.TO Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of FCUQ.TO and XUH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FCUQ.TOXUH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.05

0.82

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.54

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.57

+0.25

Correlation

The correlation between FCUQ.TO and XUH.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FCUQ.TO vs. XUH.TO - Dividend Comparison

FCUQ.TO's dividend yield for the trailing twelve months is around 0.76%, less than XUH.TO's 0.95% yield.

TTM20252024202320222021202020192018201720162015
FCUQ.TO
Fidelity U.S. High Quality ETF		0.76%0.73%0.77%0.88%1.04%0.79%1.15%0.82%0.00%0.00%0.00%0.00%
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		0.95%0.91%1.10%1.15%1.40%0.98%1.25%1.67%1.81%1.25%1.63%1.62%

Drawdowns

FCUQ.TO vs. XUH.TO - Drawdown Comparison

The maximum FCUQ.TO drawdown since its inception was -25.36%, smaller than the maximum XUH.TO drawdown of -38.37%. Use the drawdown chart below to compare losses from any high point for FCUQ.TO and XUH.TO.

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Drawdown Indicators

FCUQ.TOXUH.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.36%

-38.37%

+13.01%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-12.24%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-22.73%

-26.11%

+3.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.37%

—

Current Drawdown

Current decline from peak

-9.46%

-6.73%

-2.73%

Average Drawdown

Average peak-to-trough decline

-4.31%

-5.02%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.08%

2.65%

+1.43%

Volatility

FCUQ.TO vs. XUH.TO - Volatility Comparison

The current volatility for Fidelity U.S. High Quality ETF (FCUQ.TO) is 5.38%, while iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) has a volatility of 5.71%. This indicates that FCUQ.TO experiences smaller price fluctuations and is considered to be less risky than XUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUQ.TOXUH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

5.71%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

9.97%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

17.25%

18.44%

-1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

17.08%

-2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.41%

18.67%

-1.26%