Fidelity Global Monthly High Income ETF (FCGI.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Fidelity Global Monthly High Income 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 Global Monthly High Income ETF (FCGI.TO) has returned 3.84% so far this year and 14.38% over the past 12 months.

Based on dividend-adjusted daily data since Jan 16, 2020, FCGI.TO's average daily return is 0.00%, while the average monthly return is -0.04%.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +8.9%, while the worst month was Jan 2020 at -50.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCGI.TO closed higher 23% of trading days. The best single day was Mar 24, 2020 with a return of +6.0%, while the worst single day was Jan 22, 2020 at -49.8%.

Fidelity Global Monthly High Income ETF has an annualized alpha of -3.09%, beta of 0.18, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 17, 2020.

• This ETF participated in 113.51% of S&P 500 Index downside but only 47.91% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.18 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.

FCGI.TO has an expense ratio of 0.55%, placing it in the medium range.

FCGI.TO ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Global Monthly High Income ETF (FCGI.TO) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Global Monthly High Income ETF provided a 3.08% dividend yield over the last twelve months, with an annual payout of CA$0.48 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Global Monthly High Income 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 Global Monthly High Income 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 Global Monthly High Income ETF was 63.42%, occurring on Mar 23, 2020. The portfolio has not yet recovered.

The current Fidelity Global Monthly High Income ETF drawdown is 23.57%.

The chart below shows the rolling one-month volatility.