VS
Compare Fidelity U.S. Value Currency Neutral Index ETF (FCVH) vs Mackenzie Cyclical Tilt ETF (MCYC) to find the best fit for your portfolio. FCVH provides Information Technology, Consumer Discretionary, and Financials exposures, while MCYC is primarily weighted in Information Technology, Industrials, and Financials. When evaluating costs, FCVH features a management fee (MER) of 0.38%, compared to 0.55% for MCYC. Performance-wise, FCVH has returned 10.07% year-to-date with +$45 M in net flows, whereas MCYC is at 13.66% with +$1 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
FCVH
MCYC
| AuM | $300.65 M | $3.67 M |
| Management Fees | 0.38% | 0.55% |
| Exp. ratio | 0.41% | 0.55% |
| Tracking Difference | -1.06% | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCVH | -0.17% | +8.70% | +10.07% | +31.95% | +85.18% |
MCYC | +2.48% | +16.55% | +13.66% | - | - | |
| Flows | FCVH | +$2 M | -$8 M | +$45 M | +$69 M | +$202 M |
MCYC | +$0 M | +$1 M | +$1 M | - | - |
FCVH vs MCYC exposure
Countries
FCVH
USA
96.03%
MCYC
USA
92.06%
Other
7.94%
Sectors
FCVH
Information Technology
30.64%
Consumer Discretionary
15.38%
Financials
14.27%
Industrials
13.81%
Materials
9.12%
Utilities
8.40%
Other
8.38%
MCYC
Information Technology
29.52%
Industrials
19.93%
Financials
14.78%
Consumer Discretionary
10.79%
Other
24.98%
As of June 10, 2026
Top 10 Holdings
FCVH
NVIDIA
6.36%
CF INDUSTRIES HOLDINGS
5.19%
AMAZON.COM INC
5.09%
APPLE
4.92%
EDISON INTERNATIONAL
4.33%
PG&E
4.07%
MICROSOFT-T
3.96%
NEWMONT CORP
3.94%
BROADCOM LIMITED
2.45%
BERKSHIRE HATHWAY
2.44%
MCYC
NVIDIA
4.40%
APPLE
3.30%
MICROSOFT-T
2.44%
BROADCOM LIMITED
2.13%
ALPHABET INC-CL
1.89%
ADVANCED MICRO DEVICES
1.17%
MICRON TECHNOLOGY
0.82%
MORGAN STANLEY
0.79%
JPMORGAN CHASE
0.79%
JOHNSON&JOHNSON
0.76%
Diversification
FCVH
Total weight of top 10 holdings out of 87 total
42.75%
MCYC
Total weight of top 10 holdings out of 238 total
18.49%
Characteristics
Compare
FCVH
MCYC
| Provider | Fidelity | Mackenzie Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Fidelity Canada U.S. Value Currency Neutral GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.59% | - |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2020 | September 3, 2025 |
Frequently asked questions about FCVH and MCYC
Which ETF has performed better year to date: FCVH or MCYC?
As of June 10, 2026, FCVH has returned 10.07% year to date, while MCYC has returned 13.66%. MCYC is ahead on YTD performance.
Which ETF is larger by assets under management: FCVH or MCYC?
As of June 10, 2026, FCVH manages $300.65 M in assets, while MCYC manages $3.67 M. FCVH is the larger fund by AUM.
How are FCVH and MCYC managed?
FCVH is passively managed by Fidelity. It tracks the Fidelity Canada U.S. Value Currency Neutral GTR Index - CAD benchmark. MCYC is actively managed by Mackenzie Investments. It does not track an index.
What sectors do FCVH and MCYC emphasize?
FCVH is most exposed to Information Technology, Consumer Discretionary, and Financials. MCYC is most exposed to Information Technology, Industrials, and Financials.
Which ETF is attracting more investor flows: FCVH or MCYC?
Year to date, FCVH has seen +$44.54 M in net flows, compared with +$1.09 M for MCYC. FCVH has attracted more net investor money so far.
How do the fees of FCVH and MCYC compare?
FCVH has an expense ratio of 0.41%, while MCYC has an expense ratio of 0.55%.
What are the top holdings of FCVH and MCYC?
FCVH's largest holdings include NVIDIA, CF INDUSTRIES HOLDINGS, and AMAZON.COM INC. MCYC's top holdings include NVIDIA, APPLE, and MICROSOFT-T.
Which ETF is more diversified: FCVH or MCYC?
FCVH holds 87 securities, while MCYC holds 235. On holdings count, MCYC is the more diversified portfolio.
Recent articles about FCVH and MCYC
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