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FCVH.TO vs. XDUH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCVH.TO vs. XDUH.TO

Last updated Jul 16, 2026
Documentation

FCVH.TO (Fidelity U.S. Value Currency Neutral ETF) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both Large Cap Value Equities funds. FCVH.TO is actively managed, while XDUH.TO is passively managed. Over the past 5 years, FCVH.TO returned 17.72%/yr vs 6.72%/yr for XDUH.TO. At a 0.37 correlation, their price movements are largely independent. FCVH.TO charges 0.38%/yr vs 0.16%/yr for XDUH.TO.

Performance

FCVH.TO vs. XDUH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. Value Currency Neutral ETF (FCVH.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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, FCVH.TO achieves a 13.62% return, which is significantly higher than XDUH.TO's 9.87% 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*
—

XDUH.TO

1D
-0.51%
1M
-0.83%
6M
6.62%
YTD
9.87%
1Y
13.26%
3Y*
10.91%
5Y*
6.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCVH.TO vs. XDUH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCVH.TO
Fidelity U.S. Value Currency Neutral ETF		13.62%22.93%23.75%21.51%-5.48%38.33%18.26%
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)		9.87%8.08%9.51%5.63%-6.27%22.61%9.19%

Correlation

The correlation between FCVH.TO and XDUH.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.42

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

0.40

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.

Fidelity U.S. Value Currency Neutral ETF

iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)

Often compared with XDUH.TO:
XDUH.TO vs. SCHDXDUH.TO vs. XDGH.TOXDUH.TO vs. XDU.TOXDUH.TO vs. XDIV.TOXDUH.TO vs. ZDY.TOXDUH.TO vs. XHD.TOXDUH.TO vs. XDV.TO

Return for Risk

FCVH.TO vs. XDUH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCVH.TO
FCVH.TO Risk / Return Rank: 9090
Overall Rank
FCVH.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FCVH.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
FCVH.TO Omega Ratio Rank: 8888
Omega Ratio Rank
FCVH.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
FCVH.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XDUH.TO
XDUH.TO Risk / Return Rank: 4242
Overall Rank
XDUH.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
XDUH.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
XDUH.TO Omega Ratio Rank: 3838
Omega Ratio Rank
XDUH.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
XDUH.TO Martin Ratio Rank: 4444
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.

FCVH.TO vs. XDUH.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 (CAD-Hedged) (XDUH.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.TOXDUH.TODifference
Sharpe ratioReturn per unit of total volatility
2.44
1.14

+1.31

Sortino ratioReturn per unit of downside risk
3.47
1.68

+1.79

Omega ratioGain probability vs. loss probability

1.43

1.21

+0.22

Calmar ratioReturn relative to maximum drawdown

4.61

2.19

+2.42

Martin ratioReturn relative to average drawdown

18.48

5.81

+12.66

FCVH.TO vs. XDUH.TO - Sharpe Ratio Comparison

The current FCVH.TO Sharpe Ratio is 2.44, which is higher than the XDUH.TO Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FCVH.TO and XDUH.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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Drawdowns

FCVH.TO vs. XDUH.TO - Drawdown Comparison

The maximum FCVH.TO drawdown since its inception was -20.54%, smaller than the maximum XDUH.TO drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for FCVH.TO and XDUH.TO.

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Drawdown Indicators

FCVH.TOXDUH.TODifference

Max Drawdown

Largest peak-to-trough decline

-20.54%

-34.91%

+14.37%

Max Drawdown (1Y)

Largest decline over 1 year

-7.41%

-6.08%

-1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-16.34%

-14.35%

-1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-20.54%

-17.33%

-3.21%

Current Drawdown

Current decline from peak

-0.20%

-2.27%

+2.07%

Average Drawdown

Average peak-to-trough decline

-3.35%

-4.40%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

2.29%

-0.44%

Volatility

FCVH.TO vs. XDUH.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 (CAD-Hedged) (XDUH.TO) has a volatility of 3.54%. This indicates that FCVH.TO experiences smaller price fluctuations and is considered to be less risky than XDUH.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.TOXDUH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

3.54%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.57%

7.30%

+3.27%

Volatility (1Y)

Calculated over the trailing 1-year period

14.01%

11.73%

+2.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

13.61%

+4.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.71%

16.43%

+1.28%

FCVH.TO vs. XDUH.TO - Expense Ratio Comparison

FCVH.TO has a 0.38% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.

Dividends

FCVH.TO vs. XDUH.TO - Dividend Comparison

FCVH.TO's dividend yield for the trailing twelve months is around 0.81%, less than XDUH.TO's 2.27% yield.

PositionTTM202520242023202220212020201920182017
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%
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)		2.27%2.46%2.67%2.55%2.40%2.62%2.67%2.36%2.75%0.76%

Frequently Asked Questions

FCVH.TO and XDUH.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDUH.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 XDUH.TO.

Portfolio Optimizer

Find the right allocation for FCVH.TO and XDUH.TO

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