TCON.TO vs. FCNSX
TCON.TO (TD Conservative ETF Portfolio) and FCNSX (Fidelity Series Canada Fund) are both funds - TCON.TO is a Diversified Portfolio fund actively managed by TD, while FCNSX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 5 years, TCON.TO returned 5.31%/yr vs 14.76%/yr for FCNSX. At a 0.26 correlation, their price movements are largely independent.
Performance
TCON.TO vs. FCNSX - Performance Comparison
Loading charts...
Different Trading Currencies
TCON.TO is traded in CAD, while FCNSX is traded in USD. To make them comparable, the FCNSX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TCON.TO achieves a 5.75% return, which is significantly lower than FCNSX's 12.53% return.
TCON.TO
- 1D
- -0.29%
- 1M
- 0.32%
- 6M
- 3.93%
- YTD
- 5.75%
- 1Y
- 12.86%
- 3Y*
- 10.45%
- 5Y*
- 5.31%
- 10Y*
- —
FCNSX
- 1D
- 0.53%
- 1M
- 2.50%
- 6M
- 8.93%
- YTD
- 12.53%
- 1Y
- 23.63%
- 3Y*
- 21.04%
- 5Y*
- 14.76%
- 10Y*
- —
TCON.TO vs. FCNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.75% | 10.47% | 9.68% | 11.95% | -12.34% | 5.81% | 2.79% |
FCNSX Fidelity Series Canada Fund | 12.53% | 22.69% | 19.18% | 13.19% | -0.97% | 28.56% | 7.95% |
Correlation
The correlation between TCON.TO and FCNSX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.26 |
Over the past year, TCON.TO and FCNSX have become more correlated (0.54) than their long-term average of 0.26, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TCON.TO vs. FCNSX — Risk / Return Rank
TCON.TO
FCNSX
TCON.TO vs. FCNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and Fidelity Series Canada Fund (FCNSX). 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.
| TCON.TO | FCNSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.27 | -0.72 |
| Martin ratioReturn relative to average drawdown | 10.81 | 11.95 | -1.14 |
Loading charts...
Drawdowns
TCON.TO vs. FCNSX - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum FCNSX drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for TCON.TO and FCNSX.
Loading charts...
Drawdown Indicators
| TCON.TO | FCNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -36.05% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -7.03% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -12.04% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -16.31% | -0.12% |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -3.52% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.92% | -0.73% |
Volatility
TCON.TO vs. FCNSX - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.58%, while Fidelity Series Canada Fund (FCNSX) has a volatility of 2.92%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky than FCNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TCON.TO | FCNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 2.92% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 10.71% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.63% | 13.48% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 17.08% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 19.39% | -11.84% |
Dividends
TCON.TO vs. FCNSX - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.59%, more than FCNSX's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCNSX Fidelity Series Canada Fund | 1.89% | 2.06% | 3.05% | 3.42% | 3.12% | 2.20% | 2.14% | 2.24% | 2.51% | 1.07% |
TCON.TO TD Conservative ETF Portfolio | 2.59% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCON.TO and FCNSX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TCON.TO and FCNSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer