FICDX vs. EWC
Compare and contrast key facts about Fidelity Canada Fund (FICDX) and iShares MSCI Canada ETF (EWC).
FICDX is managed by Fidelity. It was launched on Nov 17, 1987. EWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada Index. It was launched on Mar 12, 1996.
Performance
FICDX vs. EWC - Performance Comparison
Loading graphics...
FICDX vs. EWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 0.28% | 25.86% | 9.15% | 14.66% | -6.14% | 26.86% | 4.43% | 25.82% | -14.32% | 12.79% |
EWC iShares MSCI Canada ETF | 1.59% | 35.92% | 12.38% | 14.73% | -12.95% | 26.98% | 5.52% | 27.58% | -17.16% | 15.73% |
Returns By Period
In the year-to-date period, FICDX achieves a 0.28% return, which is significantly lower than EWC's 1.59% return. Over the past 10 years, FICDX has underperformed EWC with an annualized return of 10.16%, while EWC has yielded a comparatively higher 11.09% annualized return.
FICDX
- 1D
- -0.20%
- 1M
- -6.90%
- YTD
- 0.28%
- 6M
- 5.05%
- 1Y
- 23.82%
- 3Y*
- 14.71%
- 5Y*
- 11.33%
- 10Y*
- 10.16%
EWC
- 1D
- 2.56%
- 1M
- -5.50%
- YTD
- 1.59%
- 6M
- 9.35%
- 1Y
- 36.56%
- 3Y*
- 19.46%
- 5Y*
- 11.87%
- 10Y*
- 11.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FICDX vs. EWC - Expense Ratio Comparison
FICDX has a 0.80% expense ratio, which is higher than EWC's 0.49% expense ratio.
Return for Risk
FICDX vs. EWC — Risk / Return Rank
FICDX
EWC
FICDX vs. EWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canada Fund (FICDX) and iShares MSCI Canada ETF (EWC). 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.
| FICDX | EWC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.21 | -0.63 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.89 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.50 | -1.27 |
Martin ratioReturn relative to average drawdown | 9.95 | 16.55 | -6.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FICDX | EWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.21 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.59 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.40 | +0.07 |
Correlation
The correlation between FICDX and EWC is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FICDX vs. EWC - Dividend Comparison
FICDX's dividend yield for the trailing twelve months is around 5.68%, more than EWC's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 5.68% | 5.70% | 7.44% | 3.36% | 4.11% | 5.16% | 2.56% | 4.41% | 7.33% | 0.89% | 1.63% | 0.15% |
EWC iShares MSCI Canada ETF | 1.43% | 1.45% | 2.23% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% |
Drawdowns
FICDX vs. EWC - Drawdown Comparison
The maximum FICDX drawdown since its inception was -58.09%, roughly equal to the maximum EWC drawdown of -60.75%. Use the drawdown chart below to compare losses from any high point for FICDX and EWC.
Loading graphics...
Drawdown Indicators
| FICDX | EWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.09% | -60.75% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -10.63% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -24.81% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | -42.66% | +2.81% |
Current DrawdownCurrent decline from peak | -7.60% | -5.79% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -13.21% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.25% | +0.01% |
Volatility
FICDX vs. EWC - Volatility Comparison
The current volatility for Fidelity Canada Fund (FICDX) is 4.33%, while iShares MSCI Canada ETF (EWC) has a volatility of 5.87%. This indicates that FICDX experiences smaller price fluctuations and is considered to be less risky than EWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FICDX | EWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.87% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 11.56% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 16.62% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 17.24% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 18.80% | -1.32% |