PDF.TO vs. FCUD.TO
PDF.TO (Purpose Core Dividend Fund) and FCUD.TO (Fidelity U.S. High Dividend ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, PDF.TO returned 12.14%/yr vs 10.31%/yr for FCUD.TO. A 0.65 correlation means they provide meaningful diversification when combined. PDF.TO charges 0.66%/yr vs 0.35%/yr for FCUD.TO.
Performance
PDF.TO vs. FCUD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PDF.TO achieves a 20.07% return, which is significantly higher than FCUD.TO's 16.23% return.
PDF.TO
- 1D
- 0.62%
- 1M
- 2.88%
- 6M
- 16.53%
- YTD
- 20.07%
- 1Y
- 33.26%
- 3Y*
- 18.64%
- 5Y*
- 12.14%
- 10Y*
- 9.50%
- ALL TIME*
- 10.45%
FCUD.TO
- 1D
- -0.11%
- 1M
- 2.42%
- 6M
- 13.29%
- YTD
- 16.23%
- 1Y
- 6.69%
- 3Y*
- 11.56%
- 5Y*
- 10.31%
- 10Y*
- —
- ALL TIME*
- 9.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$38.57K | CA$38.87K | CA$54.87K | |
| CA$201.50K | CA$240.90K | CA$226.04K |
PDF.TO vs. FCUD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDF.TO Purpose Core Dividend Fund | 20.07% | 20.44% | 13.61% | 4.13% | -1.74% | 24.35% | -0.79% | 23.25% | -8.34% |
FCUD.TO Fidelity U.S. High Dividend ETF | 16.23% | -5.65% | 22.63% | 8.12% | 0.48% | 31.54% | -4.76% | 16.79% | -7.90% |
Correlation
The correlation between PDF.TO and FCUD.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.65 |
The correlation between PDF.TO and FCUD.TO shifts across timeframes, from 0.49 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDF.TO vs. FCUD.TO — Risk / Return Rank
PDF.TO
FCUD.TO
PDF.TO vs. FCUD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Core Dividend Fund (PDF.TO) and Fidelity U.S. High Dividend ETF (FCUD.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.
| PDF.TO | FCUD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +5.09 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.13 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 0.47 | +4.79 |
| Martin ratioReturn relative to average drawdown | 23.86 | 1.10 | +22.76 |
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Drawdowns
PDF.TO vs. FCUD.TO - Drawdown Comparison
The maximum PDF.TO drawdown since its inception was -36.00%, smaller than the maximum FCUD.TO drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for PDF.TO and FCUD.TO.
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Drawdown Indicators
| PDF.TO | FCUD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -38.79% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -14.19% | +7.84% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -16.13% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -16.13% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.27% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -4.68% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 6.12% | -4.72% |
Volatility
PDF.TO vs. FCUD.TO - Volatility Comparison
Purpose Core Dividend Fund (PDF.TO) has a higher volatility of 2.48% compared to Fidelity U.S. High Dividend ETF (FCUD.TO) at 1.83%. This indicates that PDF.TO's price experiences larger fluctuations and is considered to be riskier than FCUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDF.TO | FCUD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.83% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 6.04% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 12.35% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 13.07% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 17.79% | -4.21% |
PDF.TO vs. FCUD.TO - Expense Ratio Comparison
PDF.TO has a 0.66% expense ratio, which is higher than FCUD.TO's 0.35% expense ratio.
Dividends
PDF.TO vs. FCUD.TO - Dividend Comparison
PDF.TO's dividend yield for the trailing twelve months is around 2.79%, more than FCUD.TO's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCUD.TO Fidelity U.S. High Dividend ETF | 2.43% | 3.13% | 2.15% | 2.45% | 2.72% | 2.16% | 4.10% | 2.90% | 1.01% | 0.00% | 0.00% | 0.00% |
PDF.TO Purpose Core Dividend Fund | 2.79% | 3.49% | 3.82% | 4.17% | 3.77% | 3.19% | 3.84% | 3.65% | 4.33% | 3.50% | 3.38% | 3.40% |
Frequently Asked Questions
PDF.TO and FCUD.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUD.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUD.TO is cheaper with a 0.35% expense ratio, compared with 0.66% for PDF.TO.
They also come from different issuers: Purpose Investments Inc. and Fidelity. Their fees differ too: 0.66% for PDF.TO and 0.35% for FCUD.TO.
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