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FSCJX vs. XIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSCJX vs. XIU.TO

Last updated Jul 14, 2026
Documentation

FSCJX (Fidelity SAI Canada Equity Index Fund) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both Canada Equities funds - FSCJX tracks the MSCI Canada Index while XIU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past year, FSCJX returned 29.09% vs 28.17% for XIU.TO. Their correlation of 0.81 suggests significant overlap in exposure. FSCJX charges 0.12%/yr vs 0.18%/yr for XIU.TO.

Performance

FSCJX vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Canada Equity Index Fund (FSCJX) and iShares S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FSCJX is traded in USD, while XIU.TO is traded in CAD. To make them comparable, the XIU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with FSCJX having a 9.48% return and XIU.TO slightly higher at 9.72%.

FSCJX

1D
0.52%
1M
0.39%
6M
7.07%
YTD
9.48%
1Y
29.09%
3Y*
—
5Y*
—
10Y*
—

XIU.TO

1D
0.09%
1M
0.54%
6M
8.05%
YTD
9.72%
1Y
28.17%
3Y*
19.91%
5Y*
11.98%
10Y*
11.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSCJX vs. XIU.TO - Yearly Performance Comparison

2026 (YTD)20252024
FSCJX
Fidelity SAI Canada Equity Index Fund		9.48%36.41%5.14%
XIU.TO
iShares S&P/TSX 60 Index ETF		9.72%35.06%5.33%

Correlation

The correlation between FSCJX and XIU.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2024

0.81

The correlation between FSCJX and XIU.TO has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity SAI Canada Equity Index Fund

iShares S&P/TSX 60 Index ETF

Often compared with FSCJX:
FSCJX vs. FIFGXFSCJX vs. FSPSXFSCJX vs. FEMKXFSCJX vs. FSELXFSCJX vs. FXAIXFSCJX vs. FSKAXFSCJX vs. BBCA
Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

FSCJX vs. XIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSCJX
FSCJX Risk / Return Rank: 8181
Overall Rank
FSCJX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
FSCJX Sortino Ratio Rank: 7272
Sortino Ratio Rank
FSCJX Omega Ratio Rank: 7373
Omega Ratio Rank
FSCJX Calmar Ratio Rank: 8888
Calmar Ratio Rank
FSCJX Martin Ratio Rank: 9090
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 9292
Overall Rank
XIU.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 9292
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9494
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.

FSCJX vs. XIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Canada Equity Index Fund (FSCJX) and iShares S&P/TSX 60 Index ETF (XIU.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.

FSCJXXIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.06
2.19

-0.13

Sortino ratioReturn per unit of downside risk
2.71
2.96

-0.25

Omega ratioGain probability vs. loss probability

1.36

1.38

-0.03

Calmar ratioReturn relative to maximum drawdown

3.45

3.49

-0.05

Martin ratioReturn relative to average drawdown

13.51

14.56

-1.05

FSCJX vs. XIU.TO - Sharpe Ratio Comparison

The current FSCJX Sharpe Ratio is 2.06, which is comparable to the XIU.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FSCJX and XIU.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

FSCJX vs. XIU.TO - Drawdown Comparison

The maximum FSCJX drawdown since its inception was -12.43%, smaller than the maximum XIU.TO drawdown of -59.23%. Use the drawdown chart below to compare losses from any high point for FSCJX and XIU.TO.

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Drawdown Indicators

FSCJXXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.43%

-59.23%

+46.80%

Max Drawdown (1Y)

Largest decline over 1 year

-8.33%

-8.10%

-0.23%

Max Drawdown (3Y)

Largest decline over 3 years

—

-12.38%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.07%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.99%

—

Current Drawdown

Current decline from peak

-0.83%

-0.34%

-0.49%

Average Drawdown

Average peak-to-trough decline

-1.64%

-10.95%

+9.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

1.94%

+0.18%

Volatility

FSCJX vs. XIU.TO - Volatility Comparison

Fidelity SAI Canada Equity Index Fund (FSCJX) has a higher volatility of 3.02% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 2.68%. This indicates that FSCJX's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSCJXXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.02%

2.68%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

10.10%

+1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

13.93%

12.94%

+0.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.20%

14.46%

+0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.20%

16.39%

-1.19%

FSCJX vs. XIU.TO - Expense Ratio Comparison

FSCJX has a 0.12% expense ratio, which is lower than XIU.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSCJX vs. XIU.TO - Dividend Comparison

FSCJX's dividend yield for the trailing twelve months is around 1.23%, less than XIU.TO's 2.14% yield.

PositionTTM20252024202320222021202020192018201720162015
FSCJX
Fidelity SAI Canada Equity Index Fund		1.23%1.34%1.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.14%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

FSCJX and XIU.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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