FGEP.TO vs. FCCQ.TO

Last updated Jun 4, 2026

FGEP.TO (Fidelity Global Equity+ Fund ETF) and FCCQ.TO (Fidelity Canadian High Quality ETF) are both exchange-traded funds - FGEP.TO is a Global Equities fund actively managed by Fidelity, while FCCQ.TO is a Canada Equities fund tracking the Fidelity Canada Canadian High Quality Index. FGEP.TO is actively managed, while FCCQ.TO is passively managed. Over the past year, FGEP.TO returned 33.16% vs 31.20% for FCCQ.TO. A 0.67 correlation means they provide meaningful diversification when combined. FGEP.TO charges 1.16%/yr vs 0.35%/yr for FCCQ.TO.

Performance

FGEP.TO vs. FCCQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Equity+ Fund ETF (FGEP.TO) and Fidelity Canadian High Quality ETF (FCCQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGEP.TO achieves a 16.78% return, which is significantly higher than FCCQ.TO's 6.62% return.

FGEP.TO

• 1D: -0.40%
• 1M: 6.04%
• YTD: 16.78%
• 6M: 17.33%
• 1Y: 33.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCCQ.TO

• 1D: -0.77%
• 1M: 1.71%
• YTD: 6.62%
• 6M: 7.88%
• 1Y: 31.20%
• 3Y*: 22.31%
• 5Y*: 13.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGEP.TO vs. FCCQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FGEP.TO Fidelity Global Equity+ Fund ETF	16.78%	17.44%	9.99%
FCCQ.TO Fidelity Canadian High Quality ETF	6.62%	31.01%	11.15%

Correlation

The correlation between FGEP.TO and FCCQ.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.67

The correlation between FGEP.TO and FCCQ.TO has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.

Return for Risk

FGEP.TO vs. FCCQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGEP.TO

FGEP.TO Risk / Return Rank: 89
FGEP.TO Sharpe Ratio Rank: 91
FGEP.TO Sortino Ratio Rank: 91
FGEP.TO Omega Ratio Rank: 91
FGEP.TO Calmar Ratio Rank: 85
FGEP.TO Martin Ratio Rank: 89

FCCQ.TO

FCCQ.TO Risk / Return Rank: 62
FCCQ.TO Sharpe Ratio Rank: 64
FCCQ.TO Sortino Ratio Rank: 58
FCCQ.TO Omega Ratio Rank: 65
FCCQ.TO Calmar Ratio Rank: 56
FCCQ.TO Martin Ratio Rank: 65

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.

FGEP.TO vs. FCCQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and Fidelity Canadian High Quality ETF (FCCQ.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.

	FGEP.TO	FCCQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.19	2.17	+1.02
Sortino ratio: Return per unit of downside risk	4.40	2.79	+1.61
Omega ratio: Gain probability vs. loss probability	1.61	1.39	+0.21
Calmar ratio: Return relative to maximum drawdown	4.67	2.78	+1.89
Martin ratio: Return relative to average drawdown	19.65	11.87	+7.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGEP.TO vs. FCCQ.TO - Sharpe Ratio Comparison

The current FGEP.TO Sharpe Ratio is 3.19, which is higher than the FCCQ.TO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FGEP.TO and FCCQ.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.

Sharpe Ratios by Period

	FGEP.TO	FCCQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	2.17	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.80	+0.97

Drawdowns

FGEP.TO vs. FCCQ.TO - Drawdown Comparison

The maximum FGEP.TO drawdown since its inception was -14.78%, smaller than the maximum FCCQ.TO drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and FCCQ.TO.

Drawdown Indicators

	FGEP.TO	FCCQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-35.31%	+20.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-11.29%	+4.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.97%	—
Current Drawdown Current decline from peak	-0.66%	-2.68%	+2.02%
Average Drawdown Average peak-to-trough decline	-1.64%	-3.99%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.64%	-0.95%

Volatility

FGEP.TO vs. FCCQ.TO - Volatility Comparison

The current volatility for Fidelity Global Equity+ Fund ETF (FGEP.TO) is 3.81%, while Fidelity Canadian High Quality ETF (FCCQ.TO) has a volatility of 4.12%. This indicates that FGEP.TO experiences smaller price fluctuations and is considered to be less risky than FCCQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGEP.TO	FCCQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.12%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	12.07%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	14.47%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	13.72%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	16.05%	-3.35%

FGEP.TO vs. FCCQ.TO - Expense Ratio Comparison

FGEP.TO has a 1.16% expense ratio, which is higher than FCCQ.TO's 0.35% expense ratio.

Dividends

FGEP.TO vs. FCCQ.TO - Dividend Comparison

FGEP.TO has not paid dividends to shareholders, while FCCQ.TO's dividend yield for the trailing twelve months is around 1.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FCCQ.TO Fidelity Canadian High Quality ETF	1.47%	1.45%	1.83%	2.40%	2.31%	1.90%	2.10%	2.30%
FGEP.TO Fidelity Global Equity+ Fund ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGEP.TO and FCCQ.TO in my portfolio?

FGEP.TO and FCCQ.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGEP.TO or FCCQ.TO?

On fees, FCCQ.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGEP.TO or FCCQ.TO?

FCCQ.TO is cheaper with a 0.35% expense ratio, compared with 1.16% for FGEP.TO.

What is the main difference between FGEP.TO and FCCQ.TO?

FGEP.TO is categorized as Global Equities, while FCCQ.TO is Canada Equities. Their fees differ too: 1.16% for FGEP.TO and 0.35% for FCCQ.TO.