FCVH.TO vs. XDU.TO
FCVH.TO (Fidelity U.S. Value Currency Neutral ETF) and XDU.TO (iShares Core MSCI US Quality Dividend Index ETF) are both Large Cap Value Equities funds. FCVH.TO is actively managed, while XDU.TO is passively managed. Over the past 5 years, FCVH.TO returned 17.72%/yr vs 7.61%/yr for XDU.TO. At a 0.33 correlation, their price movements are largely independent. FCVH.TO charges 0.38%/yr vs 0.16%/yr for XDU.TO.
Performance
FCVH.TO vs. XDU.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCVH.TO having a 13.62% return and XDU.TO slightly higher at 14.19%.
FCVH.TO
- 1D
- 0.53%
- 1M
- 1.33%
- 6M
- 11.04%
- YTD
- 13.62%
- 1Y
- 34.00%
- 3Y*
- 22.78%
- 5Y*
- 17.72%
- 10Y*
- —
XDU.TO
- 1D
- -0.62%
- 1M
- 0.15%
- 6M
- 8.77%
- YTD
- 14.19%
- 1Y
- 17.24%
- 3Y*
- 12.20%
- 5Y*
- 7.61%
- 10Y*
- —
FCVH.TO vs. XDU.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% |
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 14.19% | 2.51% | 14.32% | 3.75% | -3.70% | 28.08% | 4.80% |
Correlation
The correlation between FCVH.TO and XDU.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.33 |
The correlation between FCVH.TO and XDU.TO shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCVH.TO vs. XDU.TO — Risk / Return Rank
FCVH.TO
XDU.TO
FCVH.TO vs. XDU.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 US Quality Dividend Index ETF (XDU.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 | XDU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 2.82 | +1.78 |
| Martin ratioReturn relative to average drawdown | 18.48 | 8.34 | +10.13 |
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Drawdowns
FCVH.TO vs. XDU.TO - Drawdown Comparison
The maximum FCVH.TO drawdown since its inception was -20.54%, smaller than the maximum XDU.TO drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for FCVH.TO and XDU.TO.
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Drawdown Indicators
| FCVH.TO | XDU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.54% | -28.56% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -6.13% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.67% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -16.67% | -3.87% |
Current DrawdownCurrent decline from peak | -0.20% | -3.02% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -5.95% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.07% | -0.22% |
Volatility
FCVH.TO vs. XDU.TO - Volatility Comparison
The current volatility for Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) is 3.25%, while iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) has a volatility of 3.48%. This indicates that FCVH.TO experiences smaller price fluctuations and is considered to be less risky than XDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVH.TO | XDU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.48% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 7.68% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 11.05% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 18.89% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 28.94% | -11.23% |
FCVH.TO vs. XDU.TO - Expense Ratio Comparison
FCVH.TO has a 0.38% expense ratio, which is higher than XDU.TO's 0.16% expense ratio.
Dividends
FCVH.TO vs. XDU.TO - Dividend Comparison
FCVH.TO's dividend yield for the trailing twelve months is around 0.81%, less than XDU.TO's 2.25% 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% |
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 2.25% | 2.54% | 2.31% | 2.53% | 2.25% | 2.13% | 2.99% | 2.54% | 2.49% | 1.39% |
Frequently Asked Questions
FCVH.TO and XDU.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDU.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDU.TO is cheaper with a 0.16% expense ratio, compared with 0.38% for FCVH.TO.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FCVH.TO and 0.16% for XDU.TO.
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