XUSC.TO vs. FCUQ.TO
XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) and FCUQ.TO (Fidelity U.S. High Quality ETF) are both Large Cap Blend Equities funds - XUSC.TO tracks the S&P 500 3% Capped Index while FCUQ.TO tracks the Fidelity Canada U.S. High Quality Index. Both are passively managed. Over the past year, XUSC.TO returned 27.62% vs 13.48% for FCUQ.TO. Their correlation of 0.87 suggests significant overlap in exposure. XUSC.TO charges 0.12%/yr vs 0.35%/yr for FCUQ.TO.
Performance
XUSC.TO vs. FCUQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUSC.TO achieves a 13.37% return, which is significantly higher than FCUQ.TO's 7.52% return.
XUSC.TO
- 1D
- -0.85%
- 1M
- 3.02%
- YTD
- 13.37%
- 6M
- 12.60%
- 1Y
- 27.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCUQ.TO
- 1D
- -0.96%
- 1M
- 2.15%
- YTD
- 7.52%
- 6M
- 4.79%
- 1Y
- 13.48%
- 3Y*
- 18.47%
- 5Y*
- 13.70%
- 10Y*
- —
XUSC.TO vs. FCUQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 13.37% | 11.40% | 10.66% |
FCUQ.TO Fidelity U.S. High Quality ETF | 7.52% | 4.69% | 9.67% |
Correlation
The correlation between XUSC.TO and FCUQ.TO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.87 |
The correlation between XUSC.TO and FCUQ.TO has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
XUSC.TO vs. FCUQ.TO — Risk / Return Rank
XUSC.TO
FCUQ.TO
XUSC.TO vs. FCUQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and Fidelity U.S. High Quality ETF (FCUQ.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.
| XUSC.TO | FCUQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.12 | +2.54 |
| Martin ratioReturn relative to average drawdown | 13.26 | 3.63 | +9.62 |
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Drawdowns
XUSC.TO vs. FCUQ.TO - Drawdown Comparison
The maximum XUSC.TO drawdown since its inception was -18.31%, smaller than the maximum FCUQ.TO drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for XUSC.TO and FCUQ.TO.
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Drawdown Indicators
| XUSC.TO | FCUQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -27.90% | +9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -12.14% | +4.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.89% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -4.84% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 3.72% | -1.63% |
Volatility
XUSC.TO vs. FCUQ.TO - Volatility Comparison
The current volatility for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) is 4.06%, while Fidelity U.S. High Quality ETF (FCUQ.TO) has a volatility of 4.46%. This indicates that XUSC.TO experiences smaller price fluctuations and is considered to be less risky than FCUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUSC.TO | FCUQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.46% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 10.16% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 12.04% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 14.70% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 24.24% | -8.49% |
XUSC.TO vs. FCUQ.TO - Expense Ratio Comparison
XUSC.TO has a 0.12% expense ratio, which is lower than FCUQ.TO's 0.35% expense ratio.
Dividends
XUSC.TO vs. FCUQ.TO - Dividend Comparison
XUSC.TO's dividend yield for the trailing twelve months is around 0.83%, more than FCUQ.TO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCUQ.TO Fidelity U.S. High Quality ETF | 0.68% | 0.74% | 0.78% | 0.89% | 1.06% | 0.77% | 1.22% | 0.86% |
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 0.83% | 0.94% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUSC.TO and FCUQ.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUSC.TO is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUSC.TO is cheaper with a 0.12% expense ratio, compared with 0.35% for FCUQ.TO.
XUSC.TO tracks S&P 500 3% Capped Index, while FCUQ.TO tracks Fidelity Canada U.S. High Quality Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.12% for XUSC.TO and 0.35% for FCUQ.TO.
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