PDF.TO vs. FCUH.TO
PDF.TO (Purpose Core Dividend Fund) and FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, PDF.TO returned 12.14%/yr vs 8.55%/yr for FCUH.TO. A 0.53 correlation means they provide meaningful diversification when combined. PDF.TO charges 0.66%/yr vs 0.38%/yr for FCUH.TO.
Performance
PDF.TO vs. FCUH.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 FCUH.TO's 11.37% 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%
FCUH.TO
- 1D
- -0.35%
- 1M
- 3.09%
- 6M
- 9.28%
- YTD
- 11.37%
- 1Y
- 10.35%
- 3Y*
- 11.11%
- 5Y*
- 8.55%
- 10Y*
- —
- ALL TIME*
- 7.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.68K | CA$16.64K | CA$14.07K | |
| CA$201.50K | CA$240.90K | CA$226.04K |
PDF.TO vs. FCUH.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% |
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 11.37% | 7.12% | 12.67% | 9.08% | -6.43% | 31.92% | -6.08% | 22.45% | -13.39% |
Correlation
The correlation between PDF.TO and FCUH.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018 | 0.53 |
Over the past year, the correlation between PDF.TO and FCUH.TO has dropped to 0.13 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
PDF.TO vs. FCUH.TO — Risk / Return Rank
PDF.TO
FCUH.TO
PDF.TO vs. FCUH.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 Currency Neutral ETF (FCUH.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 | FCUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.18 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 1.44 | +3.82 |
| Martin ratioReturn relative to average drawdown | 23.86 | 4.42 | +19.44 |
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Drawdowns
PDF.TO vs. FCUH.TO - Drawdown Comparison
The maximum PDF.TO drawdown since its inception was -36.00%, smaller than the maximum FCUH.TO drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for PDF.TO and FCUH.TO.
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Drawdown Indicators
| PDF.TO | FCUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -45.06% | +9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -7.22% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -16.03% | +6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -21.80% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.45% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -6.05% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.37% | -0.97% |
Volatility
PDF.TO vs. FCUH.TO - Volatility Comparison
Purpose Core Dividend Fund (PDF.TO) has a higher volatility of 2.48% compared to Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) at 2.15%. This indicates that PDF.TO's price experiences larger fluctuations and is considered to be riskier than FCUH.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 | FCUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 2.15% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 6.42% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 12.42% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 15.06% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 20.11% | -6.53% |
PDF.TO vs. FCUH.TO - Expense Ratio Comparison
PDF.TO has a 0.66% expense ratio, which is higher than FCUH.TO's 0.38% expense ratio.
Dividends
PDF.TO vs. FCUH.TO - Dividend Comparison
PDF.TO's dividend yield for the trailing twelve months is around 2.79%, more than FCUH.TO's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 2.45% | 2.72% | 2.41% | 2.57% | 3.05% | 2.32% | 4.23% | 2.99% | 0.29% | 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 FCUH.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO is cheaper with a 0.38% 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 0.38% for FCUH.TO.
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