VS
Fidelity U.S. High Quality Currency Neutral Index ETF (FCQH) and Purpose Tactical Hedged Equity Fund ETF (PHE.B) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCQH focuses its top 3 sector exposures on Information Technology, Consumer Discretionary, and Industrials, while PHE.B leans towards Information Technology, Consumer Discretionary, and Communication Services. When evaluating costs, FCQH features a management fee (MER) of 0.38%, compared to 0.95% for PHE.B. Performance-wise, FCQH has returned 3.21% year-to-date with -$8 M in net flows, whereas PHE.B is at 3.57% with -$17 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
FCQH
PHE.B
| AuM | $63.38 M | $6.82 M |
| Management Fees | 0.38% | 0.95% |
| Exp. ratio | 0.42% | 0.94% |
| Tracking Difference | -0.36% | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCQH | +0.06% | +5.60% | +3.21% | +9.33% | +51.83% |
PHE.B | +2.29% | +5.21% | +3.57% | +14.31% | +46.00% | |
| Flows | FCQH | -$5 M | -$8 M | -$8 M | -$0 M | -$29 M |
PHE.B | -$1 M | -$18 M | -$17 M | -$15 M | -$12 M |
FCQH vs PHE.B exposure
Countries
FCQH
USA
93.10%
PHE.B
USA
92.99%
Other
7.01%
Sectors
FCQH
Information Technology
42.46%
Consumer Discretionary
13.58%
Industrials
12.27%
Consumer Staples
9.99%
Other
21.70%
PHE.B
Information Technology
34.80%
Consumer Discretionary
11.48%
Communication Services
11.08%
Financials
10.14%
Industrials
9.67%
Health Care
7.78%
Other
15.05%
As of June 11, 2026
Top 10 Holdings
FCQH
NVIDIA
8.41%
APPLE
6.51%
MICROSOFT-T
5.28%
NEWMONT CORP
3.73%
BROADCOM LIMITED
3.35%
PROCTERGAMBLE
2.27%
CATERPILLAR
2.21%
PHILLIP MORRIS
2.07%
ALTRIA GROUP
2.07%
ALPHABET INC-CL
2.00%
PHE.B
NVIDIA
9.65%
APPLE
7.45%
ALPHABET INC-CL
7.26%
MICROSOFT-T
5.57%
AMAZON.COM INC
3.87%
BROADCOM LIMITED
3.60%
META PLATFORMS
2.40%
JPMORGAN CHASE
2.20%
VISA INCORPORATION
2.04%
COSTCO WHOLESALE
1.98%
Diversification
FCQH
Total weight of top 10 holdings out of 87 total
37.91%
PHE.B
Total weight of top 10 holdings out of 80 total
46.02%
Characteristics
Compare
FCQH
PHE.B
| Provider | Fidelity | Purpose Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Fidelity US High Quality Currency Neutral GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.65% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | April 29, 2014 |
Frequently asked questions about FCQH and PHE.B
Which ETF has performed better year to date: FCQH or PHE.B?
As of June 11, 2026, FCQH has returned 3.21% year to date, while PHE.B has returned 3.57%. PHE.B is ahead on YTD performance.
Which ETF is larger by assets under management: FCQH or PHE.B?
As of June 11, 2026, FCQH manages $63.38 M in assets, while PHE.B manages $6.82 M. FCQH is the larger fund by AUM.
How are FCQH and PHE.B managed?
FCQH is passively managed by Fidelity. It tracks the Fidelity US High Quality Currency Neutral GTR Index - CAD benchmark. PHE.B is actively managed by Purpose Investments. It does not track an index.
What sectors do FCQH and PHE.B emphasize?
FCQH is most exposed to Information Technology, Consumer Discretionary, and Industrials. PHE.B is most exposed to Information Technology, Consumer Discretionary, and Communication Services.
Which ETF is attracting more investor flows: FCQH or PHE.B?
Year to date, FCQH has seen -$7.73 M in net flows, compared with -$16.53 M for PHE.B. FCQH has attracted more net investor money so far.
How do the fees of FCQH and PHE.B compare?
FCQH has an expense ratio of 0.42%, while PHE.B has an expense ratio of 0.94%.
What are the top holdings of FCQH and PHE.B?
FCQH's largest holdings include NVIDIA, APPLE, and MICROSOFT-T. PHE.B's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: FCQH or PHE.B?
FCQH holds 87 securities, while PHE.B holds 78. On holdings count, FCQH is the more diversified portfolio.
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