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Fidelity International Momentum Index ETF (FCIM.NEO) Sharpe Ratio: 2.25

ETF · Currency in CAD · Last updated Jun 26, 2026

The ETF seeks to replicate the performance of the Fidelity Canada International Momentum Index by investing primarily in large- and mid-cap foreign companies outside of Canada and the U.S. that exhibit positive momentum signals.

FCIM.NEO's Sharpe Ratio of 2.25 indicates that for each unit of volatility, it generates 2.25 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FCIM.NEO Sharpe Ratio Rank

FCIM.NEO Sharpe Ratio Rank: 81.181
Exceptional

FCIM.NEO ranks above 81.1% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FCIM.NEO Sharpe Ratio Market Positioning

The chart shows FCIM.NEO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.12
  • Green zone (top 25%): 2.12 or higher
  • Top 1%: 6.94+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity International Momentum Index ETF's Sharpe Ratio with other ETFs in the Momentum, International Equity category across multiple time periods, showing how FCIM.NEO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VXM.TOCI Morningstar International Value CAD Hedged2.76
WXM.TOCI Morningstar Canada Momentum Index ETF2.60
KNGX.TOBrompton International Cash Flow Kings ETF2.57
VI.TOVanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)2.56
FCCM.NEOFidelity Canadian Momentum Index ETF2.46
VMO.TOVanguard Global Momentum Factor ETF2.37
ZXM.TOCI Morningstar International Momentum Index ETF Common Units CAD Hedged2.34
FCIM.NEOFidelity International Momentum Index ETF2.25
QDXH.TOMackenzie International Equity Index ETF (CAD-Hedged)2.24
FLVI.NEOFranklin International Low Volatility High Dividend Index ETF2.24

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FCIM.NEO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FCIM.NEO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FCIM.NEO fit in your portfolio?

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