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

FCUV.TO vs. ZVU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity U.S. Value ETF (FCUV.TO) and BMO MSCI USA Value ETF (ZVU.TO).

FCUV.TO and ZVU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCUV.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. Value Index. It was launched on Jun 5, 2020. ZVU.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Enhanced Value Capped Index. It was launched on Oct 4, 2017. Both FCUV.TO and ZVU.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

FCUV.TO vs. ZVU.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 BMO MSCI USA Value ETF (ZVU.TO). The values are adjusted to include any dividend payments, if applicable.

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FCUV.TO vs. ZVU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCUV.TO
Fidelity U.S. Value ETF		1.19%14.80%35.81%19.98%2.58%38.55%10.80%
ZVU.TO
BMO MSCI USA Value ETF		5.24%20.00%15.86%11.00%-9.58%28.41%5.29%

Returns By Period

In the year-to-date period, FCUV.TO achieves a 1.19% return, which is significantly lower than ZVU.TO's 5.24% return.

FCUV.TO

1D
0.51%
1M
-2.03%
YTD
1.19%
6M
5.84%
1Y
15.29%
3Y*
21.79%
5Y*
19.38%
10Y*
—

ZVU.TO

1D
0.59%
1M
-3.66%
YTD
5.24%
6M
8.97%
1Y
25.46%
3Y*
16.52%
5Y*
9.79%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

BMO MSCI USA Value ETF

Often compared with FCUV.TO:
FCUV.TO vs. VGG.TOFCUV.TO vs. VFV.TOFCUV.TO vs. XCV.TOFCUV.TO vs. FXM.TOFCUV.TO vs. XSP.TOFCUV.TO vs. RUD.TOFCUV.TO vs. QQC.TO
Often compared with ZVU.TO:
ZVU.TO vs. XCV.TOZVU.TO vs. ZGQ.TOZVU.TO vs. MGKZVU.TO vs. VFV.TOZVU.TO vs. ZLB.TOZVU.TO vs. VLUZVU.TO vs. ZUQ.TO

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

FCUV.TO has a 0.38% expense ratio, which is higher than ZVU.TO's 0.33% expense ratio.

FCUV.TO
Fidelity U.S. Value ETF
ZVU.TO
BMO MSCI USA Value ETF

Return for Risk

FCUV.TO vs. ZVU.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: 4949
Overall Rank
FCUV.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
FCUV.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
FCUV.TO Omega Ratio Rank: 4646
Omega Ratio Rank
FCUV.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
FCUV.TO Martin Ratio Rank: 5353
Martin Ratio Rank
ZVU.TO
ZVU.TO Risk / Return Rank: 7474
Overall Rank
ZVU.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
ZVU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
ZVU.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZVU.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
ZVU.TO Martin Ratio Rank: 7171
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. ZVU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Value ETF (FCUV.TO) and BMO MSCI USA Value ETF (ZVU.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.TOZVU.TODifference

Sharpe ratio

Return per unit of total volatility

0.81

1.41

-0.60

Sortino ratio

Return per unit of downside risk

1.20

1.85

-0.65

Omega ratio

Gain probability vs. loss probability

1.17

1.27

-0.10

Calmar ratio

Return relative to maximum drawdown

1.42

2.10

-0.68

Martin ratio

Return relative to average drawdown

5.06

7.43

-2.37

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. ZVU.TO - Sharpe Ratio Comparison

The current FCUV.TO Sharpe Ratio is 0.81, which is lower than the ZVU.TO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FCUV.TO and ZVU.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

FCUV.TOZVU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.81

1.41

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.30

0.64

+0.66

Sharpe Ratio (All Time)

Calculated using the full available price history

1.41

0.52

+0.89

Correlation

The correlation between FCUV.TO and ZVU.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FCUV.TO vs. ZVU.TO - Dividend Comparison

FCUV.TO's dividend yield for the trailing twelve months is around 1.04%, less than ZVU.TO's 1.50% yield.

TTM20252024202320222021202020192018
FCUV.TO
Fidelity U.S. Value ETF		1.04%1.13%1.03%1.42%2.71%1.40%1.14%0.00%0.00%
ZVU.TO
BMO MSCI USA Value ETF		1.50%1.62%2.13%2.55%2.45%1.89%2.38%1.97%1.98%

Drawdowns

FCUV.TO vs. ZVU.TO - Drawdown Comparison

The maximum FCUV.TO drawdown since its inception was -16.47%, smaller than the maximum ZVU.TO drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for FCUV.TO and ZVU.TO.

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Drawdown Indicators

FCUV.TOZVU.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.47%

-34.24%

+17.77%

Max Drawdown (1Y)

Largest decline over 1 year

-11.90%

-12.26%

+0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-16.47%

-20.30%

+3.83%

Current Drawdown

Current decline from peak

-3.77%

-5.00%

+1.23%

Average Drawdown

Average peak-to-trough decline

-2.58%

-6.23%

+3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

3.47%

-0.13%

Volatility

FCUV.TO vs. ZVU.TO - Volatility Comparison

The current volatility for Fidelity U.S. Value ETF (FCUV.TO) is 4.76%, while BMO MSCI USA Value ETF (ZVU.TO) has a volatility of 5.42%. This indicates that FCUV.TO experiences smaller price fluctuations and is considered to be less risky than ZVU.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.TOZVU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.76%

5.42%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

11.30%

11.96%

-0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

19.10%

18.17%

+0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.00%

15.32%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.72%

17.77%

-3.05%