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WSRD.TO vs. FCIQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WSRD.TO vs. FCIQ.TO

Last updated Jul 16, 2026
Documentation

WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) and FCIQ.TO (Fidelity International High Quality ETF) are both International Equity funds. Both are actively managed. Over the past 5 years, WSRD.TO returned 3.97%/yr vs 6.75%/yr for FCIQ.TO. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

WSRD.TO vs. FCIQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and Fidelity International High Quality ETF (FCIQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WSRD.TO achieves a 2.80% return, which is significantly lower than FCIQ.TO's 12.55% return.

WSRD.TO

1D
0.29%
1M
0.78%
6M
0.32%
YTD
2.80%
1Y
9.08%
3Y*
11.38%
5Y*
3.97%
10Y*
—

FCIQ.TO

1D
0.90%
1M
2.68%
6M
7.49%
YTD
12.55%
1Y
13.05%
3Y*
13.45%
5Y*
6.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WSRD.TO vs. FCIQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
WSRD.TO
Wealthsimple Developed Markets ex North America Socially Responsible Index ETF		2.80%18.84%9.39%14.01%-20.37%8.79%18.09%
FCIQ.TO
Fidelity International High Quality ETF		12.55%11.87%11.21%17.76%-16.23%5.22%19.33%

Correlation

The correlation between WSRD.TO and FCIQ.TO is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2020

0.75

The correlation between WSRD.TO and FCIQ.TO has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

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Wealthsimple Developed Markets ex North America Socially Responsible Index ETF

Fidelity International High Quality ETF

Return for Risk

WSRD.TO vs. FCIQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WSRD.TO
WSRD.TO Risk / Return Rank: 2121
Overall Rank
WSRD.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
WSRD.TO Sortino Ratio Rank: 2121
Sortino Ratio Rank
WSRD.TO Omega Ratio Rank: 2020
Omega Ratio Rank
WSRD.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
WSRD.TO Martin Ratio Rank: 2323
Martin Ratio Rank
FCIQ.TO
FCIQ.TO Risk / Return Rank: 3030
Overall Rank
FCIQ.TO Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
FCIQ.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
FCIQ.TO Omega Ratio Rank: 2626
Omega Ratio Rank
FCIQ.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
FCIQ.TO Martin Ratio Rank: 3333
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.

WSRD.TO vs. FCIQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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.

WSRD.TOFCIQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.64
0.87

-0.23

Sortino ratioReturn per unit of downside risk
1.01
1.31

-0.30

Omega ratioGain probability vs. loss probability

1.12

1.16

-0.03

Calmar ratioReturn relative to maximum drawdown

0.80

1.47

-0.67

Martin ratioReturn relative to average drawdown

2.37

4.02

-1.66

WSRD.TO vs. FCIQ.TO - Sharpe Ratio Comparison

The current WSRD.TO Sharpe Ratio is 0.64, which is comparable to the FCIQ.TO Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of WSRD.TO and FCIQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WSRD.TO vs. FCIQ.TO - Drawdown Comparison

The maximum WSRD.TO drawdown since its inception was -34.80%, which is greater than FCIQ.TO's maximum drawdown of -32.88%. Use the drawdown chart below to compare losses from any high point for WSRD.TO and FCIQ.TO.

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Drawdown Indicators

WSRD.TOFCIQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.80%

-32.88%

-1.92%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-8.91%

-2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-12.76%

-13.41%

+0.65%

Max Drawdown (5Y)

Largest decline over 5 years

-34.80%

-32.88%

-1.92%

Current Drawdown

Current decline from peak

-2.20%

-1.23%

-0.97%

Average Drawdown

Average peak-to-trough decline

-9.47%

-6.85%

-2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

3.25%

+0.59%

Volatility

WSRD.TO vs. FCIQ.TO - Volatility Comparison

Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) has a higher volatility of 4.02% compared to Fidelity International High Quality ETF (FCIQ.TO) at 3.76%. This indicates that WSRD.TO's price experiences larger fluctuations and is considered to be riskier 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

WSRD.TOFCIQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.02%

3.76%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

12.19%

12.52%

-0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

14.30%

15.16%

-0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

14.78%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.32%

16.56%

-2.24%

Dividends

WSRD.TO vs. FCIQ.TO - Dividend Comparison

WSRD.TO's dividend yield for the trailing twelve months is around 2.49%, more than FCIQ.TO's 1.18% yield.

PositionTTM2025202420232022202120202019
FCIQ.TO
Fidelity International High Quality ETF		1.18%1.59%1.64%1.94%2.54%1.56%0.54%1.42%
WSRD.TO
Wealthsimple Developed Markets ex North America Socially Responsible Index ETF		2.49%2.28%2.58%2.31%2.18%1.20%0.41%0.00%

Frequently Asked Questions

WSRD.TO and FCIQ.TO have a correlation of 0.80, 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: Wealthsimple and Fidelity.

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