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Fidelity Canadian Low Volatility ETF

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Canadian Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-01-2025) 		$36.30
Change
-$0.10 (-0.27%)

As at March 31, 2025

As at December 31, 2024

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Apr 2022Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 20…$10,000$7,500$12,500$15,000$17,500$8,000$9,000$11,000$12,000Period

Legend

Fidelity Canadian Low Volatility ETF

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Fund Returns

Inception Return (January 18, 2019): 8.72%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.72% 3.02% 2.06% 3.02% 12.82% 10.61% 5.43% 9.14% 12.48% 8.07% - - - -
Benchmark -1.51% 1.51% 5.33% 1.51% 15.81% 14.88% 7.77% 10.75% 16.76% 10.91% 10.51% 9.37% 10.36% 8.54%
Category Average -1.79% 0.66% 3.20% 0.66% 11.77% 11.90% 6.25% 9.22% 14.67% 9.19% 8.59% 7.58% 8.33% 6.89%
Category Rank 95 / 748 89 / 744 596 / 744 89 / 744 360 / 722 581 / 699 548 / 669 378 / 596 506 / 555 448 / 538 - - - -
Quartile Ranking 1 1 4 1 2 4 4 3 4 4 - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.75% 2.82% -0.47% 5.86% 1.89% 2.98% -0.97% 3.02% -2.89% 2.22% 1.51% -0.72%
Benchmark -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51%

Best Monthly Return Since Inception

10.21% (November 2020)

Worst Monthly Return Since Inception

-16.56% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - -4.21% 24.36% -1.54% 5.52% 15.26%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85% 17.87%
Quartile Ranking - - - - - 4 2 1 4 4
Category Rank - - - - - 509/ 552 292/ 587 117/ 655 660/ 693 637/ 719

Best Calendar Return (Last 10 years)

24.36% (2021)

Worst Calendar Return (Last 10 years)

-4.21% (2020)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 92.83
Income Trust Units 7.02
Cash and Equivalents 0.15
Canadian Government Bonds 0.01
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 29.26
Industrial Services 12.18
Energy 11.39
Consumer Services 10.94
Real Estate 10.35
Other 25.88

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.02
Other -0.02

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada -
Loblaw Cos Ltd -
Canadian Pacific Railway Ltd -
Metro Inc -
Fortis Inc -
Canadian National Railway Co -
Toronto-Dominion Bank -
George Weston Ltd -
Emera Inc -
Hydro One Ltd -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return67891011121314151617181920-5%0%5%10%15%20%25%

Fidelity Canadian Low Volatility ETF

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 11.56% 11.31% -
Beta 0.79% 0.79% -
Alpha -0.01% -0.01% -
Rsquared 0.91% 0.87% -
Sharpe 0.18% 0.89% -
Sortino 0.38% 1.49% -
Treynor 0.03% 0.13% -
Tax Efficiency 81.39% 90.57% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.08% 11.56% 11.31% -
Beta 0.75% 0.79% 0.79% -
Alpha 0.01% -0.01% -0.01% -
Rsquared 0.79% 0.91% 0.87% -
Sharpe 0.95% 0.18% 0.89% -
Sortino 2.03% 0.38% 1.49% -
Treynor 0.11% 0.03% 0.13% -
Tax Efficiency 91.86% 81.39% 90.57% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A47.4​47.454.4​54.40%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A64.1​64.156.5​56.50%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A39.4​39.450.4​50.40%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A46.0​46.049.9​49.90%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date January 18, 2019
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $268

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

Fidelity Canadian Low Volatility Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada Canadian Low Volatility Index. This Fidelity ETF invests primarily in equity securities of large and mid-capitalization Canadian companies with lower volatility than the broader Canadian equity market.

Investment Strategy

In order to achieve its investment objective, Fidelity Canadian Low Volatility Index ETF normally invests its assets in the Constituent Securities of the Fidelity Canada Canadian Low Volatility Index.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC
Sub-Advisor

Geode Capital Management, LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.39%
Management Fee 0.35%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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