Fidelity Canadian Competition

FCCD Etf

CAD 37.62 -0.34 -0.90%

Fidelity Canadian High operates alongside Fidelity High, RBC Quant, IShares MSCI, Fidelity International, and IShares ESG and other firms in the same space. Peer context helps frame relative positioning. Side-by-side data shows whether Fidelity Canadian is leading or trailing its competition.

Fidelity Canadian vs IShares SAMPPTSX Correlation View

Very poor diversification

FCCD currently posts a 0.82 correlation with XUT, indicating a Very poor diversification relationship for the active sample. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.

Moving together with Fidelity Etf

0.99	ZWC	BMO Canadian High	Pair Corr
0.83	XDV	iShares Canadian Select	Pair Corr
0.84	CDZ	iShares SAMPPTSX Canadian	Pair Corr
0.89	PDC	Invesco Canadian Dividend	Pair Corr
0.94	XEI	iShares SAMPPTSX	Pair Corr

Moving against Fidelity Etf

0.71	CBCX	CI Galaxy Blockchain	Pair Corr
0.54	HBLK	Blockchain Technologies	Pair Corr

Specify up to 10 symbols:

Investors who believe in mean reversion view Fidelity Canadian's price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.

Hype

Prediction

Low	Estimated	High
37.37	37.99	38.61

Details

Intrinsic

Valuation

Low	Real	High
34.16	41.19	41.81

Details

Naive

Forecast

Low	Next	High
36.81	37.43	38.06

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
37.52	38.39	39.25

Details

A complete picture of Fidelity Canadian's investment merit requires comparative analysis. How Fidelity Canadian's growth rates, profitability, and capital efficiency stack up against peers is often the deciding factor in investment decisions.

Fidelity Canadian Competition Correlation Matrix

Competition correlation for Fidelity Canadian High matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.

	FCUD	RCD	XEH	FCID	XDSR	FCVH	XBM	XCNS	BKCC	XUT
FCUD		0.8	0.2	0.38	0.25	0.02	0.14	0.4	0.49	0.67	FCUD
RCD	0.8		0.02	0.11	0.05	-0.04	0.03	0.34	0.39	0.57	RCD
XEH	0.2	0.02		0.95	0.95	0.89	0.9	0.88	0.78	0.3	XEH
FCID	0.38	0.11	0.95		0.9	0.79	0.89	0.81	0.82	0.5	FCID
XDSR	0.25	0.05	0.95	0.9		0.88	0.81	0.93	0.67	0.15	XDSR
FCVH	0.02	-0.04	0.89	0.79	0.88		0.79	0.83	0.68	0.1	FCVH
XBM	0.14	0.03	0.9	0.89	0.81	0.79		0.75	0.71	0.36	XBM
XCNS	0.4	0.34	0.88	0.81	0.93	0.83	0.75		0.73	0.24	XCNS
BKCC	0.49	0.39	0.78	0.82	0.67	0.68	0.71	0.73		0.68	BKCC
XUT	0.67	0.57	0.3	0.5	0.15	0.1	0.36	0.24	0.68		XUT
	FCUD	RCD	XEH	FCID	XDSR	FCVH	XBM	XCNS	BKCC	XUT

Please upgrade your account to get full access to Macroaxis premium features

High positive correlations

FCID	+ 0.95	XEH
XDSR	+ 0.95	XEH
XCNS	+ 0.93	XDSR
XBM	+ 0.9	XEH
XDSR	+ 0.9	FCID
FCVH	+ 0.89	XEH

High negative correlations

FCVH

- 0.04

RCD

Fidelity Canadian Constituents Risk-Adjusted Indicators

Strong stock returns do not always mean Fidelity Canadian ETF is outperforming its peers on a fundamental level. A thorough review of Fidelity Canadian's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCUD	0.58	-0.03	0.00	-2.74	0.00	0.00	1.15	-1.08	5.98
RCD	0.79	0.01	0.00	-0.07	0.00	0.00	1.22	-1.71	8.87
XEH	0.55	0.07	0.12	0.02	0.79	-0.53	0.91	-1.17	3.75
FCID	0.64	0.12	0.14	0.09	0.94	-0.66	1.20	-1.30	5.35
XDSR	0.70	0.04	0.00	-0.03	0.00	0.00	1.30	-1.59	4.81
FCVH	0.68	0.07	0.10	0.00	0.80	-0.74	1.25	-1.22	4.67
XBM	1.95	0.28	0.08	0.12	2.73	-1.86	3.60	-4.79	12.32
XCNS	0.30	0.01	0.00	-0.06	0.00	0.00	0.47	-0.82	1.70
BKCC	0.59	0.07	0.14	0.04	0.71	-0.62	1.00	-1.18	3.84
XUT	0.42	0.10	0.24	-0.99	0.66	-0.46	0.89	-0.55	4.15

Fidelity Canadian Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	FCCD	FCUD	RCD	XEH	FCID	XDSR	FCVH	XBM	XCNS	BKCC
	0.90 37.62 Fidelity	0.22 41.20 Fidelity	1.49 38.38 RBC	1.33 37.07 IShares	0.98 34.38 Fidelity	0.12 66.59 IShares	1.22 21.78 Fidelity	4.32 29.93 IShares	0.12 25.22 IShares	1.14 16.45 Global
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Balanced	Weak	Weak	Soft	Contained	Weak	Weak	Mild	Weak	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Fair
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Sell	Strong Hold	Buy	Strong Buy	Strong Hold	Buy	Strong Hold	Hold	Buy
Holdings Turnover	N/A	N/A	N/A	44.46	N/A	N/A	N/A	49.73	N/A	N/A
Net Asset	97.64 M	116.26 M	119.53 M	156.51 M	104.26 M	76.03 M	17.93 M	71.37 M	24.98 M	N/A
Price To Book	N/A	N/A	1.19	N/A	N/A	N/A	N/A	1.11	N/A	N/A
Five Year Return	12.3	12.5	16.1	9.9	13.0	7.6	16.9	16.1	5.4	N/A
One Year Return	32.2	9.9	38.4	10.5	20.2	7.9	23.9	63.6	9.1	N/A
Last Dividend Paid	0.09	0.0471	0.058	0.23	0.0424	N/A	N/A	0.11	0.13	N/A
Beta	0.91	0.68	0.89	0.8	0.91	1.03	0.85	0.97	0.98	0.81
Price To Earning	N/A	N/A	14.84	N/A	N/A	N/A	N/A	25.63	N/A	N/A
Price To Sales	N/A	N/A	1.78	N/A	N/A	N/A	N/A	1.07	N/A	N/A
Equity Positions Weight	99.82	99.87	99.62	96.33	99.98	99.25	100.01	99.9	41.43	N/A
Three Year Return	17.9	15.6	22.7	13.8	18.5	13.7	22.0	22.4	9.7	N/A
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	54.67	N/A
Ten Year Return	N/A	N/A	11.9	9.5	N/A	N/A	N/A	18.0	N/A	N/A
Day Typical Price	37.58	41.28	38.85	37.04	34.41	66.29	21.87	29.56	25.18	16.45
Accumulation Distribution	114.2	0.006	486.04	50.51	219.16	30.06	76.27	9443.66	133.04	433.14
Market Facilitation Index	0.0	0.25	2.0E-4	0.0	0.0	6.0E-4	0.0	0.0	0.0	0.0
Daily Balance Of Power	-1.62	0.36	-0.32	-1.79	-0.72	-0.07	-1.00	-0.88	-0.17	-1.46
Period Momentum Indicator	-0.34	0.09	-0.58	-0.50	-0.34	-0.08	-0.27	-1.35	-0.03	-0.19
Rate Of Daily Change	0.99	1.0	0.99	0.99	0.99	1.0	0.99	0.96	1.0	0.99
Day Median Price	37.56	41.33	39.08	37.03	34.42	66.14	21.92	29.38	25.16	16.45
Price Action Indicator	-0.11	-0.08	-0.99	-0.21	-0.21	0.41	-0.27	-0.12	0.045	-0.10
Relative Strength Index	50.52	50.34	41.23	38.41	47.33	40.07	N/A	40.56	40.61	44.75
Coefficient Of Variation	526.92	-5,885	-3,672	3132.33	1247.76	-5,573	11000.42	1494.25	-2,782	2421.02
Mean Deviation	0.4423	0.5755	0.7863	0.548	0.639	0.7007	0.6838	1.95	0.3035	0.5908
Jensen Alpha	0.1332	-0.03	0.0124	0.0659	0.117	0.0427	0.0715	0.283	0.0091	0.0685
Total Risk Alpha	0.1712	0.0758	0.0968	0.0901	0.1545	0.0717	0.0902	0.4457	0.0184	0.1033
Sortino Ratio	0.242	N/A	N/A	0.1192	0.1445	N/A	0.1011	0.0831	N/A	0.141
Downside Variance	0.6256	N/A	N/A	0.6874	1.02	N/A	0.6861	9.08	N/A	0.5793
Standard Deviation	0.6081	0.9417	1.32	0.715	0.8735	0.9061	0.8548	2.6	0.3939	0.7584
Kurtosis	0.922	17.67	21.28	0.9042	2.75	0.8545	0.8087	0.5173	0.5377	0.3113
Potential Upside	0.8864	1.15	1.22	0.9124	1.2	1.3	1.25	3.6	0.4691	0.9982
Treynor Ratio	0.3263	-2.74	-0.07	0.0208	0.0905	-0.03	-0.0026	0.1189	-0.06	0.0389
Maximum Drawdown	2.97	5.98	8.87	3.75	5.35	4.81	4.67	12.32	1.7	3.84
Variance	0.3698	0.8867	1.74	0.5112	0.7631	0.821	0.7306	6.78	0.1552	0.5752
Market Risk Adjusted Performance	0.3363	-2.73	-0.06	0.0308	0.1005	-0.02	0.0074	0.1289	-0.05	0.0489
Risk Adjusted Performance	0.1479	-0.01	-0.02	0.0243	0.0646	-0.01	0.0079	0.0602	-0.04	0.0324
Skewness	-0.76	-3.08	-3.75	-0.64	-1.02	-0.58	0.3745	-0.51	-0.82	0.1256
Semi Deviation	0.6306	N/A	N/A	0.7851	0.9371	N/A	0.7986	2.73	N/A	0.7147
Information Ratio	0.3148	0.0637	0.0303	0.1382	0.1671	0.0659	0.098	0.0961	0.157	0.1415
Value At Risk	-1.04	-1.08	-1.71	-1.18	-1.30	-1.59	-1.22	-4.79	-0.82	-1.18
Expected Short fall	-0.44	N/A	N/A	-0.53	-0.66	N/A	-0.74	-1.86	N/A	-0.62
Downside Deviation	0.7909	N/A	N/A	0.8291	1.01	N/A	0.8283	3.01	N/A	0.7611
Semi Variance	0.3977	N/A	N/A	0.6164	0.8782	N/A	0.6378	7.43	N/A	0.5108

Fidelity Canadian Competition Peer Performance Charts

How to Analyze Fidelity Canadian Against Peers

Fidelity Canadian's peer analysis compares Fidelity Canadian with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Fidelity Canadian trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Fidelity Canadian leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Return on invested capital comparison for Fidelity Canadian versus peers reveals which companies in the group are genuinely creating value versus just growing the top line. Competition analysis can clarify whether Fidelity Canadian is priced richly or cheaply relative to similar exposures.

This section for Fidelity Canadian High is built from fund disclosures and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board

Last reviewed on March 8th, 2026

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

Fidelity Canadian Competition

Fidelity Canadian vs IShares SAMPPTSX Correlation View

Moving together with Fidelity Etf

Moving against Fidelity Etf

Specify up to 10 symbols:

Fidelity Canadian Competition Correlation Matrix

High positive correlations

High negative correlations

Fidelity Canadian Constituents Risk-Adjusted Indicators

Fidelity Canadian Competitive Analysis

Fidelity Canadian Competition Peer Performance Charts

How to Analyze Fidelity Canadian Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY