IQD.TO vs. FCCD.TO
IQD.TO (CI International Quality Dividend Growth Index ETF) and FCCD.TO (Fidelity Canadian High Dividend Index ETF) are both Dividend funds. Over the past 5 years, IQD.TO returned 6.87%/yr vs 11.80%/yr for FCCD.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
IQD.TO vs. FCCD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IQD.TO achieves a 8.20% return, which is significantly lower than FCCD.TO's 13.97% return.
IQD.TO
- 1D
- 0.23%
- 1M
- 2.60%
- YTD
- 8.20%
- 6M
- 7.85%
- 1Y
- 16.35%
- 3Y*
- 10.30%
- 5Y*
- 6.87%
- 10Y*
- —
FCCD.TO
- 1D
- 0.00%
- 1M
- 1.02%
- YTD
- 13.97%
- 6M
- 13.36%
- 1Y
- 30.99%
- 3Y*
- 19.54%
- 5Y*
- 11.80%
- 10Y*
- —
IQD.TO vs. FCCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQD.TO CI International Quality Dividend Growth Index ETF | 8.20% | 12.84% | 4.33% | 18.05% | -12.63% | 18.47% | 9.12% | 30.79% | -12.45% |
FCCD.TO Fidelity Canadian High Dividend Index ETF | 13.97% | 25.05% | 16.92% | 3.35% | -4.04% | 29.46% | -8.44% | 20.71% | -8.25% |
Correlation
The correlation between IQD.TO and FCCD.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.46 |
The correlation between IQD.TO and FCCD.TO has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
IQD.TO vs. FCCD.TO — Risk / Return Rank
IQD.TO
FCCD.TO
IQD.TO vs. FCCD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI International Quality Dividend Growth Index ETF (IQD.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.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.
| IQD.TO | FCCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.67 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 5.49 | -3.90 |
| Martin ratioReturn relative to average drawdown | 5.68 | 25.50 | -19.81 |
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Drawdowns
IQD.TO vs. FCCD.TO - Drawdown Comparison
The maximum IQD.TO drawdown since its inception was -30.69%, smaller than the maximum FCCD.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for IQD.TO and FCCD.TO.
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Drawdown Indicators
| IQD.TO | FCCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -43.53% | +12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -5.67% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -9.94% | -9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -19.24% | -1.28% |
Current DrawdownCurrent decline from peak | -0.31% | -1.41% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -6.33% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.22% | +1.66% |
Volatility
IQD.TO vs. FCCD.TO - Volatility Comparison
CI International Quality Dividend Growth Index ETF (IQD.TO) has a higher volatility of 4.32% compared to Fidelity Canadian High Dividend Index ETF (FCCD.TO) at 2.71%. This indicates that IQD.TO's price experiences larger fluctuations and is considered to be riskier than FCCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQD.TO | FCCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 2.71% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 7.01% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 8.60% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 11.52% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 17.03% | -1.62% |
Dividends
IQD.TO vs. FCCD.TO - Dividend Comparison
IQD.TO's dividend yield for the trailing twelve months is around 2.37%, less than FCCD.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCCD.TO Fidelity Canadian High Dividend Index ETF | 3.03% | 3.56% | 4.27% | 4.65% | 4.01% | 3.02% | 4.74% | 3.80% | 0.16% | 0.00% | 0.00% |
IQD.TO CI International Quality Dividend Growth Index ETF | 2.37% | 3.08% | 1.38% | 1.66% | 4.21% | 2.19% | 1.24% | 1.79% | 2.10% | 1.12% | 0.48% |
Frequently Asked Questions
IQD.TO and FCCD.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Fidelity.
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