XFN.TO vs. FCCNX

Last updated Jun 4, 2026

XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and FCCNX (Fidelity Advisor Canada Fund Class C) are both funds - XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while FCCNX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, XFN.TO returned 14.38%/yr vs 10.13%/yr for FCCNX. A 0.74 correlation means they provide meaningful diversification when combined. XFN.TO charges 0.61%/yr vs 1.90%/yr for FCCNX.

Performance

XFN.TO vs. FCCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and Fidelity Advisor Canada Fund Class C (FCCNX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XFN.TO is traded in CAD, while FCCNX is traded in USD. To make them comparable, the FCCNX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XFN.TO achieves a 12.51% return, which is significantly higher than FCCNX's 8.42% return. Over the past 10 years, XFN.TO has outperformed FCCNX with an annualized return of 14.38%, while FCCNX has yielded a comparatively lower 10.13% annualized return.

XFN.TO

• 1D: -0.55%
• 1M: 5.10%
• YTD: 12.51%
• 6M: 17.66%
• 1Y: 41.54%
• 3Y*: 29.67%
• 5Y*: 16.93%
• 10Y*: 14.38%

FCCNX

• 1D: 1.15%
• 1M: 3.94%
• YTD: 8.42%
• 6M: 10.33%
• 1Y: 18.49%
• 3Y*: 17.21%
• 5Y*: 12.52%
• 10Y*: 10.13%

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

XFN.TO vs. FCCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XFN.TO iShares S&P/TSX Capped Financials Index ETF	12.51%	34.40%	29.32%	13.09%	-9.92%	35.57%	0.99%	20.66%	-9.76%	12.54%
FCCNX Fidelity Advisor Canada Fund Class C	8.42%	18.83%	17.30%	10.95%	-0.55%	24.34%	1.56%	18.39%	-8.00%	5.64%

Correlation

The correlation between XFN.TO and FCCNX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.74

The correlation between XFN.TO and FCCNX has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.

Return for Risk

XFN.TO vs. FCCNX — Risk / Return Rank

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

XFN.TO

XFN.TO Risk / Return Rank: 91
XFN.TO Sharpe Ratio Rank: 92
XFN.TO Sortino Ratio Rank: 94
XFN.TO Omega Ratio Rank: 91
XFN.TO Calmar Ratio Rank: 89
XFN.TO Martin Ratio Rank: 90

FCCNX

FCCNX Risk / Return Rank: 27
FCCNX Sharpe Ratio Rank: 24
FCCNX Sortino Ratio Rank: 21
FCCNX Omega Ratio Rank: 22
FCCNX Calmar Ratio Rank: 37
FCCNX Martin Ratio Rank: 33

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.

XFN.TO vs. FCCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and Fidelity Advisor Canada Fund Class C (FCCNX). 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.

	XFN.TO	FCCNX	Difference
Sharpe ratio: Return per unit of total volatility	3.46	1.69	+1.77
Sortino ratio: Return per unit of downside risk	4.85	2.32	+2.53
Omega ratio: Gain probability vs. loss probability	1.61	1.30	+0.31
Calmar ratio: Return relative to maximum drawdown	5.35	2.55	+2.81
Martin ratio: Return relative to average drawdown	21.60	9.40	+12.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFN.TO vs. FCCNX - Sharpe Ratio Comparison

The current XFN.TO Sharpe Ratio is 3.46, which is higher than the FCCNX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XFN.TO and FCCNX, 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

	XFN.TO	FCCNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.46	1.69	+1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	1.03	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.73	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.65	-0.01

Drawdowns

XFN.TO vs. FCCNX - Drawdown Comparison

The maximum XFN.TO drawdown since its inception was -56.55%, which is greater than FCCNX's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for XFN.TO and FCCNX.

Drawdown Indicators

	XFN.TO	FCCNX	Difference
Max Drawdown Largest peak-to-trough decline	-56.55%	-34.25%	-22.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-7.31%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.37%	-11.17%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-14.38%	-7.52%
Max Drawdown (10Y) Largest decline over 10 years	-39.93%	-34.25%	-5.68%
Current Drawdown Current decline from peak	-1.39%	0.00%	-1.39%
Average Drawdown Average peak-to-trough decline	-6.60%	-4.55%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.98%	-0.05%

Volatility

XFN.TO vs. FCCNX - Volatility Comparison

iShares S&P/TSX Capped Financials Index ETF (XFN.TO) has a higher volatility of 4.19% compared to Fidelity Advisor Canada Fund Class C (FCCNX) at 2.79%. This indicates that XFN.TO's price experiences larger fluctuations and is considered to be riskier than FCCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFN.TO	FCCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	2.79%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	8.92%	+1.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	11.05%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	12.19%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	13.90%	+2.63%

XFN.TO vs. FCCNX - Expense Ratio Comparison

XFN.TO has a 0.61% expense ratio, which is lower than FCCNX's 1.90% expense ratio.

Dividends

XFN.TO vs. FCCNX - Dividend Comparison

XFN.TO's dividend yield for the trailing twelve months is around 2.17%, less than FCCNX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCCNX Fidelity Advisor Canada Fund Class C	4.36%	4.69%	6.15%	2.29%	2.74%	3.65%	1.40%	3.06%	6.14%	0.91%	0.61%	0.15%
XFN.TO iShares S&P/TSX Capped Financials Index ETF	2.17%	2.39%	3.16%	3.60%	3.48%	2.67%	3.35%	3.00%	3.43%	2.73%	2.83%	3.17%

Frequently Asked Questions

Can I hold both XFN.TO and FCCNX in my portfolio?

XFN.TO and FCCNX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.