VS
Compare Fidelity U.S. Value Currency Neutral Index ETF (FCVH) vs Manulife Multifactor U.S. Large Cap Index ETF (MULC.B) to find the best fit for your portfolio. FCVH provides Information Technology, Consumer Discretionary, and Financials exposures, while MULC.B is primarily weighted in Information Technology, Financials, and Industrials. When evaluating costs, FCVH features a management fee (MER) of 0.38%, compared to 0.32% for MULC.B. Performance-wise, FCVH has returned 10.07% year-to-date with +$45 M in net flows, whereas MULC.B is at 12.04% with +$95 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
MULC.B
| AuM | $300.65 M | $193.62 M |
| Management Fees | 0.38% | 0.32% |
| Exp. ratio | 0.41% | 0.36% |
| Tracking Difference | -1.06% | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCVH | -0.17% | +8.70% | +10.07% | +31.95% | +85.18% |
MULC.B | +3.31% | +12.40% | +12.04% | +25.75% | +73.74% | |
| Flows | FCVH | +$2 M | -$8 M | +$45 M | +$69 M | +$202 M |
MULC.B | -$7 M | -$4 M | +$95 M | +$88 M | +$93 M |
FCVH vs MULC.B exposure
Countries
FCVH
USA
96.03%
MULC.B
USA
92.82%
Other
7.18%
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%
MULC.B
Information Technology
25.13%
Financials
12.50%
Industrials
11.80%
Consumer Discretionary
9.85%
Health Care
9.42%
Communication Services
7.71%
Other
23.59%
As of June 11, 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%
MULC.B
NVIDIA
4.00%
APPLE
3.99%
MICROSOFT-T
2.85%
AMAZON.COM INC
2.73%
ALPHABET INC-CL
2.44%
META PLATFORMS
1.81%
BROADCOM LIMITED
1.63%
JPMORGAN CHASE
1.16%
BERKSHIRE HATHWAY
0.98%
LILLY
0.95%
Diversification
FCVH
Total weight of top 10 holdings out of 87 total
42.75%
MULC.B
Total weight of top 10 holdings out of 701 total
22.54%
Characteristics
Compare
FCVH
MULC.B
| Provider | Fidelity | Manulife Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Fidelity Canada U.S. Value Currency Neutral GTR Index - CAD | John Hancock Dimensional Large Cap Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.59% | 0.41% |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2020 | March 23, 2017 |
Frequently asked questions about FCVH and MULC.B
Which ETF has performed better year to date: FCVH or MULC.B?
As of June 11, 2026, FCVH has returned 10.07% year to date, while MULC.B has returned 12.04%. MULC.B is ahead on YTD performance.
Which ETF is larger by assets under management: FCVH or MULC.B?
As of June 11, 2026, FCVH manages $300.65 M in assets, while MULC.B manages $193.62 M. FCVH is the larger fund by AUM.
How are FCVH and MULC.B managed?
FCVH is passively managed by Fidelity. It tracks the Fidelity Canada U.S. Value Currency Neutral GTR Index - CAD benchmark. MULC.B is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Large Cap Total Return Index - USD benchmark.
What sectors do FCVH and MULC.B emphasize?
FCVH is most exposed to Information Technology, Consumer Discretionary, and Financials. MULC.B is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: FCVH or MULC.B?
Year to date, FCVH has seen +$44.54 M in net flows, compared with +$94.61 M for MULC.B. MULC.B has attracted more net investor money so far.
How do the fees of FCVH and MULC.B compare?
FCVH has an expense ratio of 0.41%, while MULC.B has an expense ratio of 0.36%.
What are the top holdings of FCVH and MULC.B?
FCVH's largest holdings include NVIDIA, CF INDUSTRIES HOLDINGS, and AMAZON.COM INC. MULC.B's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: FCVH or MULC.B?
FCVH holds 87 securities, while MULC.B holds 679. On holdings count, MULC.B is the more diversified portfolio.
Recent articles about FCVH and MULC.B
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