XDUH.TO vs. FCUV.TO

Last updated Jun 4, 2026

XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) and FCUV.TO (Fidelity U.S. Value ETF) are both Large Cap Value Equities funds - XDUH.TO tracks the Morningstar US Market TR CAD while FCUV.TO tracks the Fidelity Canada U.S. Value Index. Both are passively managed. Over the past 5 years, XDUH.TO returned 6.48%/yr vs 21.89%/yr for FCUV.TO. At a 0.48 correlation, their price movements are largely independent. XDUH.TO charges 0.16%/yr vs 0.38%/yr for FCUV.TO.

Performance

XDUH.TO vs. FCUV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) and Fidelity U.S. Value ETF (FCUV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDUH.TO achieves a 8.93% return, which is significantly lower than FCUV.TO's 15.14% return.

XDUH.TO

• 1D: -0.10%
• 1M: 3.40%
• YTD: 8.93%
• 6M: 7.07%
• 1Y: 15.05%
• 3Y*: 11.66%
• 5Y*: 6.48%
• 10Y*: —

FCUV.TO

• 1D: 0.33%
• 1M: 8.58%
• YTD: 15.14%
• 6M: 12.61%
• 1Y: 34.52%
• 3Y*: 26.57%
• 5Y*: 21.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDUH.TO vs. FCUV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	8.93%	8.02%	9.45%	5.57%	-6.32%	22.54%	6.31%
FCUV.TO Fidelity U.S. Value ETF	15.14%	14.80%	35.81%	19.98%	2.58%	38.55%	10.80%

Correlation

The correlation between XDUH.TO and FCUV.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.48

The correlation between XDUH.TO and FCUV.TO shifts across timeframes, from 0.40 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

XDUH.TO vs. FCUV.TO - Sectors Allocation Comparison

Sectors	XDUH.TO	FCUV.TO
Healthcare	20.6%	3.0%
Technology	15.3%	27.5%
Consumer Defensive	14.5%	-
Industrials	13.1%	14.1%
Energy	11.8%	-
Financial Services	9.2%	18.8%
Consumer Cyclical	9.1%	15.3%
Utilities	3.6%	8.5%
Communication Services	2.6%	3.6%
Basic Materials	1.1%	9.2%
Real Estate	-	-

Return for Risk

XDUH.TO vs. FCUV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDUH.TO

XDUH.TO Risk / Return Rank: 43
XDUH.TO Sharpe Ratio Rank: 40
XDUH.TO Sortino Ratio Rank: 41
XDUH.TO Omega Ratio Rank: 39
XDUH.TO Calmar Ratio Rank: 51
XDUH.TO Martin Ratio Rank: 43

FCUV.TO

FCUV.TO Risk / Return Rank: 79
FCUV.TO Sharpe Ratio Rank: 75
FCUV.TO Sortino Ratio Rank: 73
FCUV.TO Omega Ratio Rank: 73
FCUV.TO Calmar Ratio Rank: 88
FCUV.TO Martin Ratio Rank: 86

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.

XDUH.TO vs. FCUV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) and Fidelity U.S. Value ETF (FCUV.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.

	XDUH.TO	FCUV.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.46	-1.03
Sortino ratio: Return per unit of downside risk	2.11	3.33	-1.22
Omega ratio: Gain probability vs. loss probability	1.26	1.44	-0.18
Calmar ratio: Return relative to maximum drawdown	2.49	5.18	-2.69
Martin ratio: Return relative to average drawdown	6.87	18.28	-11.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDUH.TO vs. FCUV.TO - Sharpe Ratio Comparison

The current XDUH.TO Sharpe Ratio is 1.43, which is lower than the FCUV.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of XDUH.TO and FCUV.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.

Sharpe Ratios by Period

	XDUH.TO	FCUV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.46	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	1.45	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.55	-1.14

Drawdowns

XDUH.TO vs. FCUV.TO - Drawdown Comparison

The maximum XDUH.TO drawdown since its inception was -34.91%, which is greater than FCUV.TO's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for XDUH.TO and FCUV.TO.

Drawdown Indicators

	XDUH.TO	FCUV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.91%	-16.47%	-18.44%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-6.70%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.37%	-16.47%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-17.40%	-16.47%	-0.93%
Current Drawdown Current decline from peak	-1.39%	-1.17%	-0.22%
Average Drawdown Average peak-to-trough decline	-4.57%	-2.52%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.90%	+0.30%

Volatility

XDUH.TO vs. FCUV.TO - Volatility Comparison

The current volatility for iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) is 2.98%, while Fidelity U.S. Value ETF (FCUV.TO) has a volatility of 5.31%. This indicates that XDUH.TO experiences smaller price fluctuations and is considered to be less risky than FCUV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDUH.TO	FCUV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	5.31%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	10.95%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.60%	14.13%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	15.14%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	14.72%	+1.83%

XDUH.TO vs. FCUV.TO - Expense Ratio Comparison

XDUH.TO has a 0.16% expense ratio, which is lower than FCUV.TO's 0.38% expense ratio.

Dividends

XDUH.TO vs. FCUV.TO - Dividend Comparison

XDUH.TO's dividend yield for the trailing twelve months is around 2.26%, more than FCUV.TO's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCUV.TO Fidelity U.S. Value ETF	0.91%	1.13%	1.03%	1.42%	2.71%	1.40%	1.14%	0.00%	0.00%
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	2.26%	2.41%	2.61%	2.49%	2.35%	2.56%	2.62%	2.31%	2.69%

Frequently Asked Questions

Can I hold both XDUH.TO and FCUV.TO in my portfolio?

XDUH.TO and FCUV.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDUH.TO or FCUV.TO?

On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDUH.TO or FCUV.TO?

XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.38% for FCUV.TO.

What is the main difference between XDUH.TO and FCUV.TO?

XDUH.TO tracks Morningstar US Market TR CAD, while FCUV.TO tracks Fidelity Canada U.S. Value Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.16% for XDUH.TO and 0.38% for FCUV.TO.