XDGH.TO vs. FGEP.TO
XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. XDGH.TO is passively managed, while FGEP.TO is actively managed. Over the past year, XDGH.TO returned 17.12% vs 33.16% for FGEP.TO. A 0.51 correlation means they provide meaningful diversification when combined. XDGH.TO charges 0.22%/yr vs 1.16%/yr for FGEP.TO.
Performance
XDGH.TO vs. FGEP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDGH.TO achieves a 7.16% return, which is significantly lower than FGEP.TO's 16.78% return.
XDGH.TO
- 1D
- 0.16%
- 1M
- 2.01%
- YTD
- 7.16%
- 6M
- 8.39%
- 1Y
- 17.12%
- 3Y*
- 12.90%
- 5Y*
- 8.12%
- 10Y*
- —
FGEP.TO
- 1D
- -0.40%
- 1M
- 6.04%
- YTD
- 16.78%
- 6M
- 17.33%
- 1Y
- 33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDGH.TO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 7.16% | 14.60% | 1.72% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 16.78% | 17.44% | 9.99% |
Correlation
The correlation between XDGH.TO and FGEP.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.51 |
The correlation between XDGH.TO and FGEP.TO has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
XDGH.TO vs. FGEP.TO — Risk / Return Rank
XDGH.TO
FGEP.TO
XDGH.TO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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.
| XDGH.TO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.61 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 4.67 | -1.97 |
| Martin ratioReturn relative to average drawdown | 8.01 | 19.65 | -11.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDGH.TO | FGEP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 3.19 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.78 | -1.24 |
Drawdowns
XDGH.TO vs. FGEP.TO - Drawdown Comparison
The maximum XDGH.TO drawdown since its inception was -32.99%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for XDGH.TO and FGEP.TO.
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Drawdown Indicators
| XDGH.TO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.99% | -14.78% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -7.14% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.66% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -1.64% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.69% | +0.45% |
Volatility
XDGH.TO vs. FGEP.TO - Volatility Comparison
The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) is 2.55%, while Fidelity Global Equity+ Fund ETF (FGEP.TO) has a volatility of 3.81%. This indicates that XDGH.TO experiences smaller price fluctuations and is considered to be less risky than FGEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDGH.TO | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 3.81% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 8.34% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 10.47% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 12.70% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 12.70% | +1.90% |
XDGH.TO vs. FGEP.TO - Expense Ratio Comparison
XDGH.TO has a 0.22% expense ratio, which is lower than FGEP.TO's 1.16% expense ratio.
Dividends
XDGH.TO vs. FGEP.TO - Dividend Comparison
XDGH.TO's dividend yield for the trailing twelve months is around 2.81%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.81% | 2.81% | 3.04% | 3.41% | 3.18% | 3.05% | 3.24% | 2.82% | 3.29% | 0.81% |
Frequently Asked Questions
XDGH.TO and FGEP.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDGH.TO is cheaper with a 0.22% expense ratio, compared with 1.16% for FGEP.TO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.22% for XDGH.TO and 1.16% for FGEP.TO.
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