Fidelity Canadian Momentum Index ETF (FCCM.NEO)

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The chart shows the growth of an initial investment of CA$10,000 in Fidelity Canadian Momentum Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Canadian Momentum Index ETF (FCCM.NEO) has returned 4.13% so far this year and 43.62% over the past 12 months.

Based on dividend-adjusted daily data since Jun 5, 2020, FCCM.NEO's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Feb 2026 with a return of +10.5%, while the worst month was Jun 2020 at -67.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCCM.NEO closed higher 35% of trading days. The best single day was Jul 27, 2020 with a return of +6.7%, while the worst single day was Jun 12, 2020 at -66.0%.

Fidelity Canadian Momentum Index ETF has an annualized alpha of -0.27%, beta of 0.29, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 08, 2020.

• This ETF participated in 149.79% of S&P 500 Index downside but only 68.54% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.29 may look defensive, but with R² of 0.02 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FCCM.NEO has an expense ratio of 0.38%, placing it in the medium range.

FCCM.NEO ranks 95 for risk / return — in the top 95% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Canadian Momentum Index ETF (FCCM.NEO) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Canadian Momentum Index ETF provided a 0.88% dividend yield over the last twelve months, with an annual payout of CA$0.17 per share.

The table displays the monthly dividend distributions for Fidelity Canadian Momentum Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Canadian Momentum Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Canadian Momentum Index ETF was 67.22%, occurring on Jun 12, 2020. The portfolio has not yet recovered.

The current Fidelity Canadian Momentum Index ETF drawdown is 17.77%.

The chart below shows the rolling one-month volatility.