QDX.TO vs. FCIL.NEO
Compare and contrast key facts about Mackenzie International Equity Index ETF (QDX.TO) and Fidelity International Low Volatility ETF (FCIL.NEO).
QDX.TO and FCIL.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDX.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. It was launched on Jan 24, 2018. FCIL.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International Low Volatility Index. It was launched on Jan 18, 2019. Both QDX.TO and FCIL.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QDX.TO vs. FCIL.NEO - Performance Comparison
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QDX.TO vs. FCIL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 2.63% | 25.29% | 12.93% | 13.66% | -8.61% | 11.24% | 5.06% | 14.88% |
FCIL.NEO Fidelity International Low Volatility ETF | 5.42% | 19.10% | 7.89% | 11.49% | -6.83% | 7.63% | -0.78% | 11.33% |
Returns By Period
In the year-to-date period, QDX.TO achieves a 2.63% return, which is significantly lower than FCIL.NEO's 5.42% return.
QDX.TO
- 1D
- 3.07%
- 1M
- -5.76%
- YTD
- 2.63%
- 6M
- 5.86%
- 1Y
- 19.56%
- 3Y*
- 15.55%
- 5Y*
- 10.13%
- 10Y*
- —
FCIL.NEO
- 1D
- 2.54%
- 1M
- -5.04%
- YTD
- 5.42%
- 6M
- 9.41%
- 1Y
- 15.60%
- 3Y*
- 12.62%
- 5Y*
- 9.03%
- 10Y*
- —
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QDX.TO vs. FCIL.NEO - Expense Ratio Comparison
QDX.TO has a 0.17% expense ratio, which is lower than FCIL.NEO's 0.45% expense ratio.
Return for Risk
QDX.TO vs. FCIL.NEO — Risk / Return Rank
QDX.TO
FCIL.NEO
QDX.TO vs. FCIL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (QDX.TO) and Fidelity International Low Volatility ETF (FCIL.NEO). 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.
| QDX.TO | FCIL.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.98 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.46 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.67 | +0.01 |
Martin ratioReturn relative to average drawdown | 6.49 | 4.57 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDX.TO | FCIL.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.98 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.71 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.03 |
Correlation
The correlation between QDX.TO and FCIL.NEO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QDX.TO vs. FCIL.NEO - Dividend Comparison
QDX.TO's dividend yield for the trailing twelve months is around 2.82%, while FCIL.NEO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 2.82% | 2.51% | 2.48% | 2.61% | 2.73% | 2.25% | 1.91% | 2.76% | 3.03% |
FCIL.NEO Fidelity International Low Volatility ETF | 0.00% | 0.00% | 0.00% | 1.94% | 2.44% | 2.53% | 3.78% | 2.15% | 0.00% |
Drawdowns
QDX.TO vs. FCIL.NEO - Drawdown Comparison
The maximum QDX.TO drawdown since its inception was -28.08%, which is greater than FCIL.NEO's maximum drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for QDX.TO and FCIL.NEO.
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Drawdown Indicators
| QDX.TO | FCIL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.08% | -20.28% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -9.17% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -20.28% | -2.72% |
Current DrawdownCurrent decline from peak | -6.59% | -5.04% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -4.53% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.36% | -0.43% |
Volatility
QDX.TO vs. FCIL.NEO - Volatility Comparison
Mackenzie International Equity Index ETF (QDX.TO) has a higher volatility of 7.54% compared to Fidelity International Low Volatility ETF (FCIL.NEO) at 6.33%. This indicates that QDX.TO's price experiences larger fluctuations and is considered to be riskier than FCIL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDX.TO | FCIL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 6.33% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 9.52% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 15.99% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 12.79% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 13.65% | +1.78% |