VS
Fidelity Canadian Long/Short Alternative Fund (FCLS) and RBC Quant Canadian Dividend Leaders ETF (RCD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCLS focuses its top 3 sector exposures on Financials, Materials, and Industrials, while RCD leans towards Financials, Energy, and Materials. When evaluating costs, FCLS features a management fee (MER) of 0.95%, compared to 0.39% for RCD. Performance-wise, FCLS has returned 5.87% year-to-date with -$0 M in net flows, whereas RCD is at 11.63% with +$59 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
FCLS
RCD
| AuM | $9.46 M | $400.23 M |
| Management Fees | 0.95% | 0.39% |
| Exp. ratio | 1.27% | 0.43% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCLS | -1.41% | +3.97% | +5.87% | +19.29% | - |
RCD | +1.35% | +4.89% | +11.63% | +33.00% | +92.12% | |
| Flows | FCLS | +$0 M | +$0 M | -$0 M | -$0 M | - |
RCD | +$8 M | +$11 M | +$59 M | +$98 M | +$162 M |
FCLS vs RCD exposure
Countries
FCLS
Canada
82.41%
Other
17.59%
RCD
Canada
96.90%
Sectors
FCLS
Other
23.48%
Financials
22.45%
Materials
20.82%
Industrials
9.53%
Information Technology
7.32%
Other
16.40%
RCD
Financials
30.23%
Energy
18.14%
Materials
15.11%
Industrials
7.28%
Other
29.24%
As of June 11, 2026
Top 10 Holdings
FCLS
ROYAL BK CANADA
3.18%
TORONTO DOMINION
3.05%
BANK OF MONTREAL
2.88%
CA1130041058
2.86%
GREAT WEST LIFECO
2.73%
POWER CORPORATION OF CANADA
2.64%
FORTIS
2.59%
TELUS
2.58%
EMERA
2.46%
IA FINANCIAL CORP
2.38%
RCD
ROYAL BK CANADA
5.88%
BANK OF MONTREAL
5.70%
BNS
5.59%
CONSTELLTION STW
5.24%
BARRICK GOLD
4.91%
KINROSS GOLD
4.14%
TORONTO DOMINION
3.93%
SUNCOR ENERGY
3.83%
CAMECO
3.25%
CDN NATURAL RESOURCE
3.20%
Diversification
FCLS
Total weight of top 10 holdings out of 143 total
27.37%
RCD
Total weight of top 10 holdings out of 51 total
45.67%
Characteristics
Compare
FCLS
RCD
| Provider | Fidelity | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.62% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2024 | January 15, 2014 |
Frequently asked questions about FCLS and RCD
Which ETF has performed better year to date: FCLS or RCD?
As of June 11, 2026, FCLS has returned 5.87% year to date, while RCD has returned 11.63%. RCD is ahead on YTD performance.
Which ETF is larger by assets under management: FCLS or RCD?
As of June 11, 2026, FCLS manages $9.46 M in assets, while RCD manages $400.23 M. RCD is the larger fund by AUM.
How are FCLS and RCD managed?
FCLS is actively managed by Fidelity. It does not track an index. RCD is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do FCLS and RCD emphasize?
FCLS is most exposed to Financials, Materials, and Industrials. RCD is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: FCLS or RCD?
Year to date, FCLS has seen -$0.01 M in net flows, compared with +$59.40 M for RCD. RCD has attracted more net investor money so far.
How do the fees of FCLS and RCD compare?
FCLS has an expense ratio of 1.27%, while RCD has an expense ratio of 0.43%.
What are the top holdings of FCLS and RCD?
FCLS's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. RCD's top holdings include ROYAL BK CANADA, BANK OF MONTREAL, and BNS.
Which ETF is more diversified: FCLS or RCD?
FCLS holds 140 securities, while RCD holds 51. On holdings count, FCLS is the more diversified portfolio.
Recent articles about FCLS and RCD
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.