VS
Fidelity Canadian Long/Short Alternative Fund (FCLS) and TD Canadian Equity Index ETF (TTP) 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 TTP leans towards Financials, Materials, and Energy. When evaluating costs, FCLS features a management fee (MER) of 0.95%, compared to 0.04% for TTP. Performance-wise, FCLS has returned 5.87% year-to-date with -$0 M in net flows, whereas TTP is at 10.3% with +$1 B. 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
TTP
| AuM | $9.46 M | $6,076.49 M |
| Management Fees | 0.95% | 0.04% |
| Exp. ratio | 1.27% | 0.05% |
| Tracking Difference | - | -0.12% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCLS | -1.41% | +3.97% | +5.87% | +19.29% | - |
TTP | +1.60% | +5.21% | +10.30% | +33.90% | +90.02% | |
| Flows | FCLS | +$0 M | +$0 M | -$0 M | -$0 M | - |
TTP | +$125 M | +$406 M | +$1,005 M | +$1,566 M | +$2,891 M |
FCLS vs TTP exposure
Countries
FCLS
Canada
82.41%
Other
17.59%
TTP
Canada
90.23%
Other
9.55%
Sectors
FCLS
Other
23.48%
Financials
22.45%
Materials
20.82%
Industrials
9.53%
Information Technology
7.32%
Other
16.40%
TTP
Financials
28.76%
Materials
17.04%
Energy
16.71%
Other
13.52%
Industrials
9.86%
Other
14.11%
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%
TTP
ROYAL BK CANADA
6.93%
TORONTO DOMINION
5.00%
ENBRIDGE
3.21%
BANK OF MONTREAL
3.03%
CDN IMPERIAL BK
2.87%
AGNICO EAGLE MINES LTD
2.79%
CA11271J1075
2.78%
BNS
2.65%
CDN NATURAL RESOURCE
2.57%
CANADIAN PACIFIC RAILWAY
2.21%
Diversification
FCLS
Total weight of top 10 holdings out of 143 total
27.37%
TTP
Total weight of top 10 holdings out of 236 total
34.04%
Characteristics
Compare
FCLS
TTP
| Provider | Fidelity | TD Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.62% | 1.89% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2024 | March 22, 2016 |
Frequently asked questions about FCLS and TTP
Which ETF has performed better year to date: FCLS or TTP?
As of June 11, 2026, FCLS has returned 5.87% year to date, while TTP has returned 10.30%. TTP is ahead on YTD performance.
Which ETF is larger by assets under management: FCLS or TTP?
As of June 11, 2026, FCLS manages $9.46 M in assets, while TTP manages $6.08 B. TTP is the larger fund by AUM.
How are FCLS and TTP managed?
FCLS is actively managed by Fidelity. It does not track an index. TTP is passively managed by TD Asset Management. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do FCLS and TTP emphasize?
FCLS is most exposed to Financials, Materials, and Industrials. TTP is most exposed to Financials, Materials, and Energy.
Which ETF is attracting more investor flows: FCLS or TTP?
Year to date, FCLS has seen -$0.01 M in net flows, compared with +$1,005.15 M for TTP. TTP has attracted more net investor money so far.
How do the fees of FCLS and TTP compare?
FCLS has an expense ratio of 1.27%, while TTP has an expense ratio of 0.05%.
What are the top holdings of FCLS and TTP?
FCLS's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. TTP's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: FCLS or TTP?
FCLS holds 140 securities, while TTP holds 233. On holdings count, TTP is the more diversified portfolio.
Recent articles about FCLS and TTP
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.