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FCUV.TO vs. VLUE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCUV.TO vs. VLUE

Last updated Jun 4, 2026

FCUV.TO (Fidelity U.S. Value ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both Large Cap Value Equities funds - FCUV.TO tracks the Fidelity Canada U.S. Value Index while VLUE tracks the MSCI USA Value Weighted Index. Both are passively managed. Over the past 5 years, FCUV.TO returned 21.89%/yr vs 19.68%/yr for VLUE. A 0.69 correlation means they provide meaningful diversification when combined. FCUV.TO charges 0.38%/yr vs 0.15%/yr for VLUE.

Performance

FCUV.TO vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. Value ETF (FCUV.TO) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FCUV.TO is traded in CAD, while VLUE is traded in USD. To make them comparable, the VLUE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FCUV.TO achieves a 15.14% return, which is significantly lower than VLUE's 50.90% return.

FCUV.TO

1D
0.33%
1M
8.58%
YTD
15.14%
6M
12.61%
1Y
34.52%
3Y*
26.57%
5Y*
21.89%
10Y*
—

VLUE

1D
-0.01%
1M
23.18%
YTD
50.90%
6M
50.81%
1Y
93.92%
3Y*
35.82%
5Y*
19.68%
10Y*
16.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUV.TO vs. VLUE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCUV.TO
Fidelity U.S. Value ETF		15.14%14.80%35.81%19.98%2.58%38.55%10.80%
VLUE
iShares Edge MSCI USA Value Factor ETF		50.90%26.58%16.46%11.75%-8.05%27.77%9.32%

Correlation

The correlation between FCUV.TO and VLUE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2020

0.69

The correlation between FCUV.TO and VLUE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

FCUV.TO vs. VLUE - Sectors Allocation Comparison

Sectors
FCUV.TO
VLUE

Technology

27.5%
44.5%

Financial Services

18.8%
10.4%

Consumer Cyclical

15.3%
8.3%

Industrials

14.1%
7.4%

Basic Materials

9.2%
1.6%

Utilities

8.5%
2.0%

Communication Services

3.6%
8.3%

Healthcare

3.0%
8.5%

Consumer Defensive

-

4.0%

Energy

-

3.2%

Real Estate

-

1.8%

Technology

FCUV.TO
27.5%
VLUE
44.5%

Financial Services

FCUV.TO
18.8%
VLUE
10.4%

Consumer Cyclical

FCUV.TO
15.3%
VLUE
8.3%

Industrials

FCUV.TO
14.1%
VLUE
7.4%

Basic Materials

FCUV.TO
9.2%
VLUE
1.6%

Utilities

FCUV.TO
8.5%
VLUE
2.0%

Communication Services

FCUV.TO
3.6%
VLUE
8.3%

Healthcare

FCUV.TO
3.0%
VLUE
8.5%

Consumer Defensive

FCUV.TO

-

VLUE
4.0%

Energy

FCUV.TO

-

VLUE
3.2%

Real Estate

FCUV.TO

-

VLUE
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity U.S. Value ETF

iShares Edge MSCI USA Value Factor ETF

Often compared with FCUV.TO:
FCUV.TO vs. VFV.TOFCUV.TO vs. VGG.TOFCUV.TO vs. XCV.TOFCUV.TO vs. FXM.TOFCUV.TO vs. XVLU.TOFCUV.TO vs. FINN.NEOFCUV.TO vs. XSP.TO
Often compared with VLUE:
VLUE vs. VLUVLUE vs. AVLVVLUE vs. VOOVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHVVLUE vs. SCHD

Return for Risk

FCUV.TO vs. VLUE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCUV.TO
FCUV.TO Risk / Return Rank: 7979
Overall Rank
FCUV.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FCUV.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
FCUV.TO Omega Ratio Rank: 7373
Omega Ratio Rank
FCUV.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
FCUV.TO Martin Ratio Rank: 8686
Martin Ratio Rank
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9898
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9797
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9696
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
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.

FCUV.TO vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Value ETF (FCUV.TO) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

FCUV.TOVLUEDifference
Sharpe ratioReturn per unit of total volatility
2.46
5.54

-3.08

Sortino ratioReturn per unit of downside risk
3.33
7.14

-3.81

Omega ratioGain probability vs. loss probability

1.44

1.96

-0.52

Calmar ratioReturn relative to maximum drawdown

5.18

13.18

-8.01

Martin ratioReturn relative to average drawdown

18.28

54.47

-36.19

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

FCUV.TO vs. VLUE - Sharpe Ratio Comparison

The current FCUV.TO Sharpe Ratio is 2.46, which is lower than the VLUE Sharpe Ratio of 5.54. The chart below compares the historical Sharpe Ratios of FCUV.TO and VLUE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FCUV.TOVLUEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

5.54

-3.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.45

1.26

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.55

0.99

+0.55

Drawdowns

FCUV.TO vs. VLUE - Drawdown Comparison

The maximum FCUV.TO drawdown since its inception was -16.47%, smaller than the maximum VLUE drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCUV.TO and VLUE.

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Drawdown Indicators

FCUV.TOVLUEDifference

Max Drawdown

Largest peak-to-trough decline

-16.47%

-33.79%

+17.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.70%

-7.16%

+0.46%

Max Drawdown (3Y)

Largest decline over 3 years

-16.47%

-16.95%

+0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-16.47%

-19.72%

+3.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.79%

—

Current Drawdown

Current decline from peak

-1.17%

-0.01%

-1.16%

Average Drawdown

Average peak-to-trough decline

-2.52%

-4.81%

+2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

1.73%

+0.17%

Volatility

FCUV.TO vs. VLUE - Volatility Comparison

The current volatility for Fidelity U.S. Value ETF (FCUV.TO) is 5.31%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 7.83%. This indicates that FCUV.TO experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUV.TOVLUEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

7.83%

-2.52%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

13.95%

-3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

17.08%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.14%

15.73%

-0.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.72%

17.89%

-3.17%

FCUV.TO vs. VLUE - Expense Ratio Comparison

FCUV.TO has a 0.38% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

FCUV.TO vs. VLUE - Dividend Comparison

FCUV.TO's dividend yield for the trailing twelve months is around 0.91%, less than VLUE's 1.40% yield.

PositionTTM20252024202320222021202020192018201720162015
FCUV.TO
Fidelity U.S. Value ETF		0.91%1.13%1.03%1.42%2.71%1.40%1.14%0.00%0.00%0.00%0.00%0.00%
VLUE
iShares Edge MSCI USA Value Factor ETF		1.40%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

FCUV.TO and VLUE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VLUE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.38% for FCUV.TO.

FCUV.TO tracks Fidelity Canada U.S. Value Index, while VLUE tracks MSCI USA Value Weighted Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FCUV.TO and 0.15% for VLUE.

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