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TQCD.TO vs. FCID.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQCD.TO vs. FCID.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Q Canadian Dividend ETF (TQCD.TO) and Fidelity International High Dividend ETF (FCID.TO).

TQCD.TO and FCID.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQCD.TO is an actively managed fund by TD. It was launched on Nov 20, 2019. FCID.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International High Dividend Index. It was launched on Sep 13, 2018.

Performance

TQCD.TO vs. FCID.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Canadian Dividend ETF (TQCD.TO) and Fidelity International High Dividend ETF (FCID.TO). The values are adjusted to include any dividend payments, if applicable.

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TQCD.TO vs. FCID.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TQCD.TO
TD Q Canadian Dividend ETF		7.84%33.11%22.27%12.29%1.68%26.29%-13.24%3.12%
FCID.TO
Fidelity International High Dividend ETF		8.65%30.48%9.16%15.21%4.07%14.85%-12.90%0.23%

Returns By Period

In the year-to-date period, TQCD.TO achieves a 7.84% return, which is significantly lower than FCID.TO's 8.65% return.

TQCD.TO

1D
0.45%
1M
-2.85%
YTD
7.84%
6M
16.14%
1Y
38.27%
3Y*
23.31%
5Y*
17.81%
10Y*
—

FCID.TO

1D
1.04%
1M
-0.28%
YTD
8.65%
6M
12.74%
1Y
27.98%
3Y*
20.03%
5Y*
14.00%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Q Canadian Dividend ETF

Fidelity International High Dividend ETF

Often compared with TQCD.TO:
TQCD.TO vs. VDY.TOTQCD.TO vs. XDIV.TOTQCD.TO vs. TTP.TOTQCD.TO vs. XIC.TOTQCD.TO vs. HDIV.TOTQCD.TO vs. SCHDTQCD.TO vs. CEW.TO
Often compared with FCID.TO:
FCID.TO vs. VIDY.TOFCID.TO vs. FCIV.TOFCID.TO vs. FLVI.NEOFCID.TO vs. FCIM.NEOFCID.TO vs. XDIV.TOFCID.TO vs. FCGI.TOFCID.TO vs. FCIN.NEO

TQCD.TO vs. FCID.TO - Expense Ratio Comparison

TQCD.TO has a 0.39% expense ratio, which is lower than FCID.TO's 0.45% expense ratio.

FCID.TO
Fidelity International High Dividend ETF
TQCD.TO
TD Q Canadian Dividend ETF

Return for Risk

TQCD.TO vs. FCID.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQCD.TO
TQCD.TO Risk / Return Rank: 9696
Overall Rank
TQCD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
TQCD.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
TQCD.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TQCD.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
TQCD.TO Martin Ratio Rank: 9797
Martin Ratio Rank
FCID.TO
FCID.TO Risk / Return Rank: 8181
Overall Rank
FCID.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
FCID.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
FCID.TO Omega Ratio Rank: 8585
Omega Ratio Rank
FCID.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
FCID.TO Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQCD.TO vs. FCID.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Dividend ETF (TQCD.TO) and Fidelity International High Dividend ETF (FCID.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.

TQCD.TOFCID.TODifference

Sharpe ratio

Return per unit of total volatility

2.97

1.71

+1.26

Sortino ratio

Return per unit of downside risk

3.68

2.28

+1.40

Omega ratio

Gain probability vs. loss probability

1.62

1.35

+0.27

Calmar ratio

Return relative to maximum drawdown

3.67

2.10

+1.57

Martin ratio

Return relative to average drawdown

19.15

9.78

+9.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQCD.TO vs. FCID.TO - Sharpe Ratio Comparison

The current TQCD.TO Sharpe Ratio is 2.97, which is higher than the FCID.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of TQCD.TO and FCID.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TQCD.TOFCID.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.97

1.71

+1.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.46

1.08

+0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.54

+0.17

Correlation

The correlation between TQCD.TO and FCID.TO is 0.51, 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

TQCD.TO vs. FCID.TO - Dividend Comparison

TQCD.TO's dividend yield for the trailing twelve months is around 2.87%, less than FCID.TO's 3.25% yield.

TTM20252024202320222021202020192018
TQCD.TO
TD Q Canadian Dividend ETF		2.87%2.95%3.47%3.73%4.03%4.09%6.20%0.39%0.00%
FCID.TO
Fidelity International High Dividend ETF		3.25%3.61%4.16%4.49%5.08%3.30%3.78%3.82%0.44%

Drawdowns

TQCD.TO vs. FCID.TO - Drawdown Comparison

The maximum TQCD.TO drawdown since its inception was -46.47%, which is greater than FCID.TO's maximum drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for TQCD.TO and FCID.TO.

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Drawdown Indicators

TQCD.TOFCID.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.47%

-34.49%

-11.98%

Max Drawdown (1Y)

Largest decline over 1 year

-10.74%

-12.84%

+2.10%

Max Drawdown (5Y)

Largest decline over 5 years

-15.65%

-19.68%

+4.03%

Current Drawdown

Current decline from peak

-2.85%

-2.09%

-0.76%

Average Drawdown

Average peak-to-trough decline

-6.14%

-5.77%

-0.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

2.79%

-0.73%

Volatility

TQCD.TO vs. FCID.TO - Volatility Comparison

The current volatility for TD Q Canadian Dividend ETF (TQCD.TO) is 4.30%, while Fidelity International High Dividend ETF (FCID.TO) has a volatility of 6.19%. This indicates that TQCD.TO experiences smaller price fluctuations and is considered to be less risky than FCID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQCD.TOFCID.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

6.19%

-1.89%

Volatility (6M)

Calculated over the trailing 6-month period

8.42%

10.02%

-1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

16.45%

-3.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.25%

13.01%

-0.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.62%

16.80%

+2.82%