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Fidelity U.S. High Quality Index ETF (FCUQ) and Purpose Tactical Hedged Equity Fund ETF (PHE.B) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCUQ 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, FCUQ features a management fee (MER) of 0.35%, compared to 0.95% for PHE.B. Performance-wise, FCUQ has returned 5.75% year-to-date with +$497 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
FCUQ
PHE.B
| AuM | $2,402.67 M | $6.82 M |
| Management Fees | 0.35% | 0.95% |
| Exp. ratio | 0.39% | 0.94% |
| Tracking Difference | -0.63% | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCUQ | +2.21% | +8.96% | +5.75% | +13.75% | +64.98% |
PHE.B | +2.29% | +5.21% | +3.57% | +14.31% | +46.00% | |
| Flows | FCUQ | +$54 M | +$235 M | +$497 M | +$1,066 M | +$1,787 M |
PHE.B | -$1 M | -$18 M | -$17 M | -$15 M | -$12 M |
FCUQ vs PHE.B exposure
Countries
FCUQ
USA
93.10%
PHE.B
USA
92.99%
Other
7.01%
Sectors
FCUQ
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
FCUQ
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
FCUQ
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
FCUQ
PHE.B
| Provider | Fidelity | Purpose Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Fidelity US High Quality GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.68% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | April 29, 2014 |
Frequently asked questions about FCUQ and PHE.B
Which ETF has performed better year to date: FCUQ or PHE.B?
As of June 11, 2026, FCUQ has returned 5.75% year to date, while PHE.B has returned 3.57%. FCUQ is ahead on YTD performance.
Which ETF is larger by assets under management: FCUQ or PHE.B?
As of June 11, 2026, FCUQ manages $2.40 B in assets, while PHE.B manages $6.82 M. FCUQ is the larger fund by AUM.
How are FCUQ and PHE.B managed?
FCUQ is passively managed by Fidelity. It tracks the Fidelity US High Quality GTR Index - CAD benchmark. PHE.B is actively managed by Purpose Investments. It does not track an index.
What sectors do FCUQ and PHE.B emphasize?
FCUQ 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: FCUQ or PHE.B?
Year to date, FCUQ has seen +$496.91 M in net flows, compared with -$16.53 M for PHE.B. FCUQ has attracted more net investor money so far.
How do the fees of FCUQ and PHE.B compare?
FCUQ has an expense ratio of 0.39%, while PHE.B has an expense ratio of 0.94%.
What are the top holdings of FCUQ and PHE.B?
FCUQ'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: FCUQ or PHE.B?
FCUQ holds 87 securities, while PHE.B holds 78. On holdings count, FCUQ is the more diversified portfolio.
Recent articles about FCUQ and PHE.B
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