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Compare Fidelity International High Quality Index ETF (FCIQ) vs iShares Core MSCI All Country World ex Canada Index ETF (XAW) to find the best fit for your portfolio. FCIQ provides Industrials, Consumer Discretionary, and Information Technology exposures, while XAW is primarily weighted in Information Technology, Financials, and Industrials. When evaluating costs, FCIQ features a management fee (MER) of 0.45%, compared to 0.2% for XAW. Performance-wise, FCIQ has returned 6.24% year-to-date with +$287 M in net flows, whereas XAW is at 6.41% with +$102 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
FCIQ
XAW
| AuM | $1,654.17 M | $3,949.89 M |
| Management Fees | 0.45% | 0.20% |
| Exp. ratio | 0.51% | 0.22% |
| Tracking Difference | -0.94% | 0.39% |
Historical performance and flows
As of April 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCIQ | +7.57% | +3.19% | +6.24% | +18.17% | +44.11% |
XAW | +9.77% | +4.50% | +6.41% | +37.89% | +71.76% | |
| Flows | FCIQ | +$45 M | +$250 M | +$287 M | +$679 M | +$961 M |
XAW | +$42 M | +$28 M | +$102 M | +$466 M | +$728 M |
FCIQ vs XAW exposure
Countries
FCIQ
Japan
31.70%
United Kingdom
15.59%
France
8.29%
Netherlands
7.57%
Other
36.86%
XAW
USA
60.89%
Other
39.11%
Sectors
FCIQ
Industrials
25.91%
Consumer Discretionary
16.01%
Information Technology
15.80%
Financials
14.45%
Energy
10.12%
Communication Services
9.88%
Other
7.83%
XAW
Information Technology
26.29%
Financials
14.46%
Industrials
11.68%
Consumer Discretionary
9.86%
Health Care
8.47%
Communication Services
7.79%
Other
21.44%
As of April 20, 2026
Top 10 Holdings
FCIQ
ASML HOLDING
3.34%
CAPCOM
3.33%
SHELL PLC
3.18%
EQUINOR
2.46%
RIGHTMOVE
2.42%
AUTO TRAD/D
2.42%
GTT PROMESSES
2.27%
INPEX
2.21%
KEYENCE
2.15%
ADVANTEST
2.11%
XAW
NVIDIA
4.28%
APPLE
3.85%
MICROSOFT-T
2.85%
AMAZON.COM INC
1.94%
ALPHABET INC-CL
1.72%
TWN SEMICONT MAN
1.51%
BROADCOM LIMITED
1.45%
ALPHABET INC-CL
1.37%
META PLATFORMS
1.37%
TESLA
1.10%
Diversification
FCIQ
Total weight of top 10 holdings out of 87 total
25.90%
XAW
Total weight of top 10 holdings out of 8,142 total
21.45%
Characteristics
Compare
FCIQ
XAW
| Provider | Fidelity | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Fidelity Canada International High Quality GTR Index - CAD | MSCI ACWI ex Canada IMI Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.48% | 1.25% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | February 10, 2015 |
Frequently asked questions about FCIQ and XAW
Which ETF has performed better year to date: FCIQ or XAW?
As of April 20, 2026, FCIQ has returned 6.24% year to date, while XAW has returned 6.41%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: FCIQ or XAW?
As of April 20, 2026, FCIQ manages $1.65 B in assets, while XAW manages $3.95 B. XAW is the larger fund by AUM.
How are FCIQ and XAW managed?
FCIQ is passively managed by Fidelity. It tracks the Fidelity Canada International High Quality GTR Index - CAD benchmark. XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark.
What sectors do FCIQ and XAW emphasize?
FCIQ is most exposed to Industrials, Consumer Discretionary, and Information Technology. XAW is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: FCIQ or XAW?
Year to date, FCIQ has seen +$286.55 M in net flows, compared with +$102.35 M for XAW. FCIQ has attracted more net investor money so far.
How do the fees of FCIQ and XAW compare?
FCIQ has an expense ratio of 0.51%, while XAW has an expense ratio of 0.22%.
What are the top holdings of FCIQ and XAW?
FCIQ's largest holdings include ASML HOLDING, CAPCOM, and SHELL PLC. XAW's top holdings include NVIDIA and APPLE.
Which ETF is more diversified: FCIQ or XAW?
FCIQ holds 84 securities, while XAW holds 7316. On holdings count, XAW is the more diversified portfolio.
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