TPE.TO vs. FCIQ.TO
TPE.TO (TD International Equity Index ETF) and FCIQ.TO (Fidelity International High Quality ETF) are both International Equity funds. TPE.TO is passively managed, while FCIQ.TO is actively managed. Over the past 5 years, TPE.TO returned 11.52%/yr vs 6.75%/yr for FCIQ.TO. A 0.74 correlation means they provide meaningful diversification when combined. TPE.TO charges 0.19%/yr vs 0.45%/yr for FCIQ.TO.
Performance
TPE.TO vs. FCIQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TPE.TO achieves a 13.27% return, which is significantly higher than FCIQ.TO's 12.55% return.
TPE.TO
- 1D
- 0.46%
- 1M
- 1.06%
- 6M
- 8.12%
- YTD
- 13.27%
- 1Y
- 26.13%
- 3Y*
- 18.18%
- 5Y*
- 11.52%
- 10Y*
- 10.31%
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
TPE.TO vs. FCIQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TPE.TO TD International Equity Index ETF | 13.27% | 25.30% | 12.36% | 15.65% | -9.18% | 10.41% | 6.19% | 14.61% |
FCIQ.TO Fidelity International High Quality ETF | 12.55% | 11.87% | 11.21% | 17.76% | -16.23% | 5.22% | 25.89% | 18.15% |
Correlation
The correlation between TPE.TO and FCIQ.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2019 | 0.74 |
The correlation between TPE.TO and FCIQ.TO shifts across timeframes, from 0.74 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TPE.TO vs. FCIQ.TO — Risk / Return Rank
TPE.TO
FCIQ.TO
TPE.TO vs. FCIQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.TO) and Fidelity International High Quality ETF (FCIQ.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.
| TPE.TO | FCIQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.47 | +0.84 |
| Martin ratioReturn relative to average drawdown | 8.72 | 4.02 | +4.69 |
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Drawdowns
TPE.TO vs. FCIQ.TO - Drawdown Comparison
The maximum TPE.TO drawdown since its inception was -27.42%, smaller than the maximum FCIQ.TO drawdown of -32.88%. Use the drawdown chart below to compare losses from any high point for TPE.TO and FCIQ.TO.
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Drawdown Indicators
| TPE.TO | FCIQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.42% | -32.88% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -8.91% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.41% | -13.41% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -32.88% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -27.42% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -1.23% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -6.85% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.25% | -0.25% |
Volatility
TPE.TO vs. FCIQ.TO - Volatility Comparison
The current volatility for TD International Equity Index ETF (TPE.TO) is 3.13%, while Fidelity International High Quality ETF (FCIQ.TO) has a volatility of 3.76%. This indicates that TPE.TO experiences smaller price fluctuations and is considered to be less risky than FCIQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPE.TO | FCIQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.76% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 12.52% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 15.16% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 14.78% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.68% | 16.56% | -1.88% |
TPE.TO vs. FCIQ.TO - Expense Ratio Comparison
TPE.TO has a 0.19% expense ratio, which is lower than FCIQ.TO's 0.45% expense ratio.
Dividends
TPE.TO vs. FCIQ.TO - Dividend Comparison
TPE.TO's dividend yield for the trailing twelve months is around 2.11%, more than FCIQ.TO's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% | 0.00% | 0.00% | 0.00% |
TPE.TO TD International Equity Index ETF | 2.11% | 2.30% | 2.37% | 2.66% | 2.89% | 2.41% | 2.42% | 2.60% | 2.93% | 2.35% | 2.21% |
Frequently Asked Questions
TPE.TO and FCIQ.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPE.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPE.TO is cheaper with a 0.19% expense ratio, compared with 0.45% for FCIQ.TO.
They also come from different issuers: TD and Fidelity. Their fees differ too: 0.19% for TPE.TO and 0.45% for FCIQ.TO.
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