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ZVU.TO vs. FCUV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZVU.TO vs. FCUV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO MSCI USA Value ETF (ZVU.TO) and Fidelity U.S. Value ETF (FCUV.TO).

ZVU.TO and FCUV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZVU.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Enhanced Value Capped Index. It was launched on Oct 4, 2017. FCUV.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. Value Index. It was launched on Jun 5, 2020. Both ZVU.TO and FCUV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZVU.TO vs. FCUV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Value ETF (ZVU.TO) and Fidelity U.S. Value ETF (FCUV.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020
ZVU.TO
BMO MSCI USA Value ETF		5.24%20.00%15.86%11.00%-9.58%28.41%5.29%
FCUV.TO
Fidelity U.S. Value ETF		1.19%14.80%35.81%19.98%2.58%38.55%10.80%

Returns By Period

In the year-to-date period, ZVU.TO achieves a 5.24% return, which is significantly higher than FCUV.TO's 1.19% return.

ZVU.TO

1D
0.59%
1M
-3.66%
YTD
5.24%
6M
8.97%
1Y
25.46%
3Y*
16.52%
5Y*
9.79%
10Y*
—

FCUV.TO

1D
0.51%
1M
-2.03%
YTD
1.19%
6M
5.84%
1Y
15.29%
3Y*
21.79%
5Y*
19.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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BMO MSCI USA Value ETF

Fidelity U.S. Value ETF

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Often compared with FCUV.TO:
FCUV.TO vs. VGG.TOFCUV.TO vs. VFV.TOFCUV.TO vs. XCV.TOFCUV.TO vs. FXM.TOFCUV.TO vs. XSP.TOFCUV.TO vs. RUD.TOFCUV.TO vs. QQC.TO

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

ZVU.TO has a 0.33% expense ratio, which is lower than FCUV.TO's 0.38% expense ratio.

FCUV.TO
Fidelity U.S. Value ETF
ZVU.TO
BMO MSCI USA Value ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZVU.TO
ZVU.TO Risk / Return Rank: 7474
Overall Rank
ZVU.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
ZVU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
ZVU.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZVU.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
ZVU.TO Martin Ratio Rank: 7171
Martin Ratio Rank
FCUV.TO
FCUV.TO Risk / Return Rank: 4949
Overall Rank
FCUV.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
FCUV.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
FCUV.TO Omega Ratio Rank: 4646
Omega Ratio Rank
FCUV.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
FCUV.TO Martin Ratio Rank: 5353
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Value ETF (ZVU.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.

ZVU.TOFCUV.TODifference

Sharpe ratio

Return per unit of total volatility

1.41

0.81

+0.60

Sortino ratio

Return per unit of downside risk

1.85

1.20

+0.65

Omega ratio

Gain probability vs. loss probability

1.27

1.17

+0.10

Calmar ratio

Return relative to maximum drawdown

2.10

1.42

+0.68

Martin ratio

Return relative to average drawdown

7.43

5.06

+2.37

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

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

The current ZVU.TO Sharpe Ratio is 1.41, which is higher than the FCUV.TO Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ZVU.TO and FCUV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZVU.TOFCUV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

0.81

+0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

1.30

-0.66

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

1.41

-0.89

Correlation

The correlation between ZVU.TO and FCUV.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ZVU.TO vs. FCUV.TO - Dividend Comparison

ZVU.TO's dividend yield for the trailing twelve months is around 1.50%, more than FCUV.TO's 1.04% yield.

TTM20252024202320222021202020192018
ZVU.TO
BMO MSCI USA Value ETF		1.50%1.62%2.13%2.55%2.45%1.89%2.38%1.97%1.98%
FCUV.TO
Fidelity U.S. Value ETF		1.04%1.13%1.03%1.42%2.71%1.40%1.14%0.00%0.00%

Drawdowns

ZVU.TO vs. FCUV.TO - Drawdown Comparison

The maximum ZVU.TO drawdown since its inception was -34.24%, 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 ZVU.TO and FCUV.TO.

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Drawdown Indicators

ZVU.TOFCUV.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.24%

-16.47%

-17.77%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-11.90%

-0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-20.30%

-16.47%

-3.83%

Current Drawdown

Current decline from peak

-5.00%

-3.77%

-1.23%

Average Drawdown

Average peak-to-trough decline

-6.23%

-2.58%

-3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

3.34%

+0.13%

Volatility

ZVU.TO vs. FCUV.TO - Volatility Comparison

BMO MSCI USA Value ETF (ZVU.TO) has a higher volatility of 5.42% compared to Fidelity U.S. Value ETF (FCUV.TO) at 4.76%. This indicates that ZVU.TO's price experiences larger fluctuations and is considered to be riskier than FCUV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZVU.TOFCUV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.42%

4.76%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

11.96%

11.30%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

18.17%

19.10%

-0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.32%

15.00%

+0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.77%

14.72%

+3.05%