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XHU.TO vs. FCCD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHU.TO vs. FCCD.TO

Last updated Jun 4, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and FCCD.TO (Fidelity Canadian High Dividend Index ETF) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while FCCD.TO is a Dividend fund tracking the Fidelity Canada Canadian High Dividend Index. Both are passively managed. Over the past 5 years, XHU.TO returned 9.96%/yr vs 12.03%/yr for FCCD.TO. A 0.51 correlation means they provide meaningful diversification when combined. XHU.TO charges 0.34%/yr vs 0.35%/yr for FCCD.TO.

Performance

XHU.TO vs. FCCD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (XHU.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XHU.TO having a 13.95% return and FCCD.TO slightly higher at 14.15%.

XHU.TO

1D
1.05%
1M
2.71%
YTD
13.95%
6M
4.75%
1Y
13.69%
3Y*
11.06%
5Y*
9.96%
10Y*
7.63%

FCCD.TO

1D
-0.07%
1M
3.50%
YTD
14.15%
6M
15.72%
1Y
32.15%
3Y*
19.49%
5Y*
12.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHU.TO vs. FCCD.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XHU.TO
iShares U.S. High Dividend Equity Index ETF		13.95%-0.28%16.64%-1.52%12.37%18.23%-9.27%13.08%-2.10%
FCCD.TO
Fidelity Canadian High Dividend Index ETF		14.15%25.05%16.92%3.35%-4.04%29.46%-8.44%20.71%-8.21%

Correlation

The correlation between XHU.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

0.44

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

0.47

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2018

0.51

The correlation between XHU.TO and FCCD.TO shifts across timeframes, from 0.38 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

XHU.TO vs. FCCD.TO - Sectors Allocation Comparison

Sectors
XHU.TO
FCCD.TO

Consumer Defensive

24.1%

-

Energy

21.2%
25.0%

Healthcare

16.8%

-

Financial Services

10.8%
26.4%

Technology

9.0%
0.5%

Utilities

8.9%
9.5%

Consumer Cyclical

5.8%
10.5%

Industrials

2.0%
3.6%

Basic Materials

1.1%
11.9%

Communication Services

0.1%
6.2%

Real Estate

-

6.4%

Consumer Defensive

XHU.TO
24.1%
FCCD.TO

-

Energy

XHU.TO
21.2%
FCCD.TO
25.0%

Healthcare

XHU.TO
16.8%
FCCD.TO

-

Financial Services

XHU.TO
10.8%
FCCD.TO
26.4%

Technology

XHU.TO
9.0%
FCCD.TO
0.5%

Utilities

XHU.TO
8.9%
FCCD.TO
9.5%

Consumer Cyclical

XHU.TO
5.8%
FCCD.TO
10.5%

Industrials

XHU.TO
2.0%
FCCD.TO
3.6%

Basic Materials

XHU.TO
1.1%
FCCD.TO
11.9%

Communication Services

XHU.TO
0.1%
FCCD.TO
6.2%

Real Estate

XHU.TO

-

FCCD.TO
6.4%

Compare stocks, funds, or ETFs

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iShares U.S. High Dividend Equity Index ETF

Fidelity Canadian High Dividend Index ETF

Often compared with XHU.TO:
XHU.TO vs. CUD.TOXHU.TO vs. SCHDXHU.TO vs. VDY.TOXHU.TO vs. XEI.TOXHU.TO vs. XEQT.TOXHU.TO vs. DGROXHU.TO vs. XLY
Often compared with FCCD.TO:
FCCD.TO vs. VDY.TOFCCD.TO vs. ZDV.TOFCCD.TO vs. ZDIV.TOFCCD.TO vs. FCUV.TOFCCD.TO vs. FCIL.NEOFCCD.TO vs. IDIV-B.TOFCCD.TO vs. XDIV.TO

Return for Risk

XHU.TO vs. FCCD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XHU.TO
XHU.TO Risk / Return Rank: 3232
Overall Rank
XHU.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XHU.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
XHU.TO Omega Ratio Rank: 3434
Omega Ratio Rank
XHU.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XHU.TO Martin Ratio Rank: 3535
Martin Ratio Rank
FCCD.TO
FCCD.TO Risk / Return Rank: 9494
Overall Rank
FCCD.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FCCD.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
FCCD.TO Omega Ratio Rank: 9595
Omega Ratio Rank
FCCD.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
FCCD.TO Martin Ratio Rank: 9494
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.

XHU.TO vs. FCCD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (XHU.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.

XHU.TOFCCD.TODifference
Sharpe ratioReturn per unit of total volatility
1.17
3.87

-2.70

Sortino ratioReturn per unit of downside risk
1.54
5.43

-3.89

Omega ratioGain probability vs. loss probability

1.23

1.74

-0.51

Calmar ratioReturn relative to maximum drawdown

1.58

5.70

-4.12

Martin ratioReturn relative to average drawdown

5.48

27.08

-21.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHU.TO vs. FCCD.TO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 1.17, which is lower than the FCCD.TO Sharpe Ratio of 3.87. The chart below compares the historical Sharpe Ratios of XHU.TO and FCCD.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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Sharpe Ratios by Period

XHU.TOFCCD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

3.87

-2.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

1.05

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.62

-0.07

Drawdowns

XHU.TO vs. FCCD.TO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -29.94%, smaller than the maximum FCCD.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for XHU.TO and FCCD.TO.

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Drawdown Indicators

XHU.TOFCCD.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.94%

-43.53%

+13.59%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-5.67%

-3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-12.53%

-9.94%

-2.59%

Max Drawdown (5Y)

Largest decline over 5 years

-12.53%

-19.24%

+6.71%

Max Drawdown (10Y)

Largest decline over 10 years

-29.94%

—

—

Current Drawdown

Current decline from peak

-1.84%

-0.44%

-1.40%

Average Drawdown

Average peak-to-trough decline

-3.73%

-6.39%

+2.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

1.19%

+1.32%

Volatility

XHU.TO vs. FCCD.TO - Volatility Comparison

iShares U.S. High Dividend Equity Index ETF (XHU.TO) has a higher volatility of 3.53% compared to Fidelity Canadian High Dividend Index ETF (FCCD.TO) at 2.54%. This indicates that XHU.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

XHU.TOFCCD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

2.54%

+0.99%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

6.80%

+3.48%

Volatility (1Y)

Calculated over the trailing 1-year period

11.79%

8.37%

+3.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.89%

11.52%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.38%

17.11%

-2.73%

XHU.TO vs. FCCD.TO - Expense Ratio Comparison

XHU.TO has a 0.34% expense ratio, which is lower than FCCD.TO's 0.35% expense ratio.

Dividends

XHU.TO vs. FCCD.TO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.44%, less than FCCD.TO's 2.97% yield.

PositionTTM20252024202320222021202020192018201720162015
FCCD.TO
Fidelity Canadian High Dividend Index ETF		2.97%3.56%4.27%4.65%4.01%3.02%4.74%3.80%0.47%0.00%0.00%0.00%
XHU.TO
iShares U.S. High Dividend Equity Index ETF		2.44%2.75%2.72%2.86%2.63%2.60%3.18%2.25%2.52%2.27%2.38%2.30%

Frequently Asked Questions

XHU.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.

On fees, XHU.TO is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XHU.TO is cheaper with a 0.34% expense ratio, compared with 0.35% for FCCD.TO.

XHU.TO is categorized as Large Cap Blend Equities, while FCCD.TO is Dividend. XHU.TO tracks Morningstar US Market TR CAD, while FCCD.TO tracks Fidelity Canada Canadian High Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.34% for XHU.TO and 0.35% for FCCD.TO.

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