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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FICDX or EWC.
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.
Performance
FICDX vs. EWC - Performance Comparison
Key characteristics
FICDX:
0.41
EWC:
1.24
FICDX:
0.61
EWC:
1.75
FICDX:
1.09
EWC:
1.22
FICDX:
0.46
EWC:
2.27
FICDX:
1.27
EWC:
6.37
FICDX:
4.41%
EWC:
2.56%
FICDX:
13.68%
EWC:
13.13%
FICDX:
-58.09%
EWC:
-60.75%
FICDX:
-8.19%
EWC:
-2.72%
Returns By Period
In the year-to-date period, FICDX achieves a 3.44% return, which is significantly higher than EWC's 3.10% return. Over the past 10 years, FICDX has underperformed EWC with an annualized return of 4.54%, while EWC has yielded a comparatively higher 6.36% annualized return.
FICDX
3.44%
1.27%
-3.14%
4.73%
6.30%
4.54%
EWC
3.10%
1.19%
4.71%
15.36%
8.65%
6.36%
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FICDX vs. EWC - Expense Ratio Comparison
FICDX has a 0.80% expense ratio, which is higher than EWC's 0.49% expense ratio.
Risk-Adjusted Performance
FICDX vs. EWC — Risk-Adjusted Performance Rank
FICDX
EWC
FICDX vs. EWC - Risk-Adjusted Performance 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.
Dividends
FICDX vs. EWC - Dividend Comparison
FICDX's dividend yield for the trailing twelve months is around 1.34%, less than EWC's 2.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 1.34% | 1.39% | 1.33% | 1.49% | 1.26% | 1.46% | 1.75% | 1.32% | 1.41% | 1.25% | 3.11% | 16.33% |
EWC iShares MSCI Canada ETF | 2.17% | 2.23% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% | 2.15% |
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. For additional features, visit the drawdowns tool.
Volatility
FICDX vs. EWC - Volatility Comparison
The current volatility for Fidelity Canada Fund (FICDX) is 3.93%, while iShares MSCI Canada ETF (EWC) has a volatility of 4.29%. 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.