FCVH.TO vs. XDIV.TO
FCVH.TO (Fidelity U.S. Value Currency Neutral ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - FCVH.TO is a Large Cap Value Equities fund actively managed by Fidelity, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. FCVH.TO is actively managed, while XDIV.TO is passively managed. Over the past 5 years, FCVH.TO returned 17.72%/yr vs 18.48%/yr for XDIV.TO. At a 0.37 correlation, their price movements are largely independent. FCVH.TO charges 0.38%/yr vs 0.11%/yr for XDIV.TO.
Performance
FCVH.TO vs. XDIV.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCVH.TO achieves a 13.62% return, which is significantly lower than XDIV.TO's 26.60% return.
FCVH.TO
- 1D
- 0.53%
- 1M
- 1.33%
- 6M
- 11.04%
- YTD
- 13.62%
- 1Y
- 34.00%
- 3Y*
- 22.78%
- 5Y*
- 17.72%
- 10Y*
- —
XDIV.TO
- 1D
- 1.10%
- 1M
- 2.05%
- 6M
- 24.43%
- YTD
- 26.60%
- 1Y
- 44.65%
- 3Y*
- 25.65%
- 5Y*
- 18.48%
- 10Y*
- —
FCVH.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCVH.TO Fidelity U.S. Value Currency Neutral ETF | 13.62% | 22.93% | 23.75% | 21.51% | -5.48% | 38.33% | 18.26% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 26.60% | 25.04% | 19.84% | 11.95% | 0.49% | 33.31% | 8.70% |
Correlation
The correlation between FCVH.TO and XDIV.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCVH.TO vs. XDIV.TO — Risk / Return Rank
FCVH.TO
XDIV.TO
FCVH.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| FCVH.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 2.11 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 16.15 | -11.54 |
| Martin ratioReturn relative to average drawdown | 18.48 | 52.59 | -34.11 |
Loading charts...
Drawdowns
FCVH.TO vs. XDIV.TO - Drawdown Comparison
The maximum FCVH.TO drawdown since its inception was -20.54%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for FCVH.TO and XDIV.TO.
Loading charts...
Drawdown Indicators
| FCVH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.54% | -41.29% | +20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -2.78% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -10.53% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -17.33% | -3.21% |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -4.36% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.85% | +1.00% |
Volatility
FCVH.TO vs. XDIV.TO - Volatility Comparison
Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) has a higher volatility of 3.25% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 3.04%. This indicates that FCVH.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCVH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.04% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 6.67% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 8.55% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 10.57% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 16.29% | +1.42% |
FCVH.TO vs. XDIV.TO - Expense Ratio Comparison
FCVH.TO has a 0.38% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
FCVH.TO vs. XDIV.TO - Dividend Comparison
FCVH.TO's dividend yield for the trailing twelve months is around 0.81%, less than XDIV.TO's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCVH.TO Fidelity U.S. Value Currency Neutral ETF | 0.81% | 1.01% | 1.07% | 0.88% | 2.91% | 1.15% | 3.34% | 0.00% | 0.00% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.14% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% |
Frequently Asked Questions
FCVH.TO and XDIV.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.38% for FCVH.TO.
FCVH.TO is categorized as Large Cap Value Equities, while XDIV.TO is Dividend. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FCVH.TO and 0.11% for XDIV.TO.
Find the right allocation for FCVH.TO and XDIV.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer