TUED.TO vs. FCCD.TO
TUED.TO (TD Active U.S. Enhanced Dividend ETF) and FCCD.TO (Fidelity Canadian High Dividend Index ETF) are both Dividend funds. TUED.TO is actively managed, while FCCD.TO is passively managed. Over the past 5 years, TUED.TO returned 12.74%/yr vs 12.21%/yr for FCCD.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
TUED.TO vs. FCCD.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TUED.TO having a 16.47% return and FCCD.TO slightly lower at 16.19%.
TUED.TO
- 1D
- -0.85%
- 1M
- -0.93%
- 6M
- 12.52%
- YTD
- 16.47%
- 1Y
- 23.31%
- 3Y*
- 22.69%
- 5Y*
- 12.74%
- 10Y*
- —
FCCD.TO
- 1D
- 0.49%
- 1M
- 0.63%
- 6M
- 12.66%
- YTD
- 16.19%
- 1Y
- 31.91%
- 3Y*
- 19.95%
- 5Y*
- 12.21%
- 10Y*
- —
TUED.TO vs. FCCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUED.TO TD Active U.S. Enhanced Dividend ETF | 16.47% | 8.11% | 34.84% | 13.55% | -5.96% | 27.46% | 16.94% |
FCCD.TO Fidelity Canadian High Dividend Index ETF | 16.19% | 25.05% | 16.92% | 3.35% | -4.04% | 29.46% | 16.34% |
Correlation
The correlation between TUED.TO and FCCD.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020 | 0.36 |
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Return for Risk
TUED.TO vs. FCCD.TO — Risk / Return Rank
TUED.TO
FCCD.TO
TUED.TO vs. FCCD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. Enhanced Dividend ETF (TUED.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.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.
| TUED.TO | FCCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.68 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 5.66 | -3.44 |
| Martin ratioReturn relative to average drawdown | 7.97 | 25.97 | -18.00 |
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Drawdowns
TUED.TO vs. FCCD.TO - Drawdown Comparison
The maximum TUED.TO drawdown since its inception was -27.76%, smaller than the maximum FCCD.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for TUED.TO and FCCD.TO.
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Drawdown Indicators
| TUED.TO | FCCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.76% | -43.53% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -5.67% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -9.94% | -17.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -19.24% | -8.52% |
Current DrawdownCurrent decline from peak | -4.04% | 0.00% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -6.30% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.23% | +1.70% |
Volatility
TUED.TO vs. FCCD.TO - Volatility Comparison
TD Active U.S. Enhanced Dividend ETF (TUED.TO) has a higher volatility of 6.54% compared to Fidelity Canadian High Dividend Index ETF (FCCD.TO) at 2.50%. This indicates that TUED.TO's price experiences larger fluctuations and is considered to be riskier than FCCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUED.TO | FCCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 2.50% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 7.03% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 8.71% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 11.52% | +14.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.84% | 17.00% | +17.84% |
Dividends
TUED.TO vs. FCCD.TO - Dividend Comparison
TUED.TO's dividend yield for the trailing twelve months is around 2.56%, less than FCCD.TO's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCCD.TO Fidelity Canadian High Dividend Index ETF | 2.97% | 3.56% | 4.27% | 4.65% | 4.01% | 3.02% | 4.74% | 3.80% | 0.16% |
TUED.TO TD Active U.S. Enhanced Dividend ETF | 2.56% | 2.89% | 2.27% | 2.84% | 3.13% | 2.45% | 1.53% | 0.00% | 0.00% |
Frequently Asked Questions
TUED.TO and FCCD.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and Fidelity.
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