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

FCUV.TO vs. XEG.TO

Last updated Jun 4, 2026

FCUV.TO (Fidelity U.S. Value ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - FCUV.TO is a Large Cap Value Equities fund tracking the Fidelity Canada U.S. Value Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 5 years, FCUV.TO returned 21.89%/yr vs 29.48%/yr for XEG.TO. At a 0.27 correlation, their price movements are largely independent. FCUV.TO charges 0.38%/yr vs 0.61%/yr for XEG.TO.

Performance

FCUV.TO vs. XEG.TO - 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 S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCUV.TO achieves a 15.14% return, which is significantly lower than XEG.TO's 44.34% 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*
—

XEG.TO

1D
1.17%
1M
-0.04%
YTD
44.34%
6M
39.73%
1Y
70.40%
3Y*
28.08%
5Y*
29.48%
10Y*
11.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUV.TO vs. XEG.TO - 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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		44.34%16.72%14.08%3.52%53.25%83.71%5.79%

Correlation

The correlation between FCUV.TO and XEG.TO is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.10

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

0.20

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

0.30

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

0.27

The correlation between FCUV.TO and XEG.TO shifts across timeframes, from -0.10 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

FCUV.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
FCUV.TO
XEG.TO

Technology

27.5%

-

Financial Services

18.8%

-

Consumer Cyclical

15.3%

-

Industrials

14.1%

-

Basic Materials

9.2%

-

Utilities

8.5%

-

Communication Services

3.6%

-

Healthcare

3.0%

-

Consumer Defensive

-

-

Energy

-

100.0%

Real Estate

-

-

Technology

FCUV.TO
27.5%
XEG.TO

-

Financial Services

FCUV.TO
18.8%
XEG.TO

-

Consumer Cyclical

FCUV.TO
15.3%
XEG.TO

-

Industrials

FCUV.TO
14.1%
XEG.TO

-

Basic Materials

FCUV.TO
9.2%
XEG.TO

-

Utilities

FCUV.TO
8.5%
XEG.TO

-

Communication Services

FCUV.TO
3.6%
XEG.TO

-

Healthcare

FCUV.TO
3.0%
XEG.TO

-

Consumer Defensive

FCUV.TO

-

XEG.TO

-

Energy

FCUV.TO

-

XEG.TO
100.0%

Real Estate

FCUV.TO

-

XEG.TO

-

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 S&P/TSX Capped Energy Index 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 XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

FCUV.TO vs. XEG.TO — 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
XEG.TO
XEG.TO Risk / Return Rank: 8686
Overall Rank
XEG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8787
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. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Value ETF (FCUV.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

FCUV.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
3.11

-0.65

Sortino ratioReturn per unit of downside risk
3.33
3.66

-0.34

Omega ratioGain probability vs. loss probability

1.44

1.49

-0.05

Calmar ratioReturn relative to maximum drawdown

5.18

6.36

-1.18

Martin ratioReturn relative to average drawdown

18.28

19.02

-0.74

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. XEG.TO - Sharpe Ratio Comparison

The current FCUV.TO Sharpe Ratio is 2.46, which is comparable to the XEG.TO Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of FCUV.TO and XEG.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.

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Sharpe Ratios by Period

FCUV.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

3.11

-0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.45

1.04

+0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.55

0.28

+1.27

Drawdowns

FCUV.TO vs. XEG.TO - Drawdown Comparison

The maximum FCUV.TO drawdown since its inception was -16.47%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for FCUV.TO and XEG.TO.

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Drawdown Indicators

FCUV.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.47%

-87.74%

+71.27%

Max Drawdown (1Y)

Largest decline over 1 year

-6.70%

-11.12%

+4.42%

Max Drawdown (3Y)

Largest decline over 3 years

-16.47%

-25.67%

+9.20%

Max Drawdown (5Y)

Largest decline over 5 years

-16.47%

-28.42%

+11.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-79.66%

—

Current Drawdown

Current decline from peak

-1.17%

-4.00%

+2.83%

Average Drawdown

Average peak-to-trough decline

-2.52%

-29.19%

+26.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

3.71%

-1.81%

Volatility

FCUV.TO vs. XEG.TO - Volatility Comparison

The current volatility for Fidelity U.S. Value ETF (FCUV.TO) is 5.31%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.31%. This indicates that FCUV.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUV.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

9.31%

-4.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

18.99%

-8.04%

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

22.76%

-8.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.14%

28.62%

-13.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.72%

33.41%

-18.69%

FCUV.TO vs. XEG.TO - Expense Ratio Comparison

FCUV.TO has a 0.38% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

Dividends

FCUV.TO vs. XEG.TO - Dividend Comparison

FCUV.TO's dividend yield for the trailing twelve months is around 0.91%, less than XEG.TO's 2.65% 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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.65%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

FCUV.TO and XEG.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FCUV.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FCUV.TO is cheaper with a 0.38% expense ratio, compared with 0.61% for XEG.TO.

FCUV.TO is categorized as Large Cap Value Equities, while XEG.TO is Energy Equities. FCUV.TO tracks Fidelity Canada U.S. Value Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FCUV.TO and 0.61% for XEG.TO.

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