Fidelity Canadian Monthly High Income ETF (FCMI.TO)

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Fidelity Canadian Monthly High Income ETF (FCMI.TO) is up 9.3% since the beginning of the year. FCMI.TO is currently trading at CA$16 per share. Investors who bought CA$1,000 worth of FCMI.TO shares 5 years ago would now be looking at an investment worth CA$1,472.

Fidelity Canadian Monthly High Income ETF (FCMI.TO) has returned 9.25% so far this year and 19.31% over the past 12 months.

Based on dividend-adjusted daily data since Jan 16, 2020, FCMI.TO's average daily return is 0.00%, while the average monthly return is +0.03%. At this rate, an investment would double in approximately 192.6 years.

Historically, 71% of months were positive and 29% were negative. The best month was May 2020 with a return of +9.1%, while the worst month was Jan 2020 at -49.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FCMI.TO closed higher 20% of trading days. The best single day was May 19, 2020 with a return of +6.8%, while the worst single day was Jan 27, 2020 at -49.9%.

Fidelity Canadian Monthly High Income ETF has an annualized alpha of -1.35%, beta of 0.08, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 16, 2020.

• This ETF participated in 111.90% of S&P 500 Index downside but only 43.95% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R2 of 0.01 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 0.01 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.

FCMI.TO has an expense ratio of 0.50%, placing it in the medium range.

FCMI.TO 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.

Fidelity Canadian Monthly High Income ETF provided a 3.28% dividend yield over the last twelve months, with an annual payout of CA$0.51 per share.

The table displays the monthly dividend distributions for Fidelity Canadian 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 Canadian 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 Canadian Monthly High Income ETF was 63.80%, occurring on Mar 23, 2020. The portfolio has not yet recovered.

The current Fidelity Canadian Monthly High Income ETF drawdown is 18.96%.

The chart below shows the rolling one-month volatility.