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Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

FCSB.NEO is a passive ETF by Fidelity tracking the investment results of the FTSE Canada Short Term Corporate Bond 5% Capped Index. FCSB.NEO launched on Sep 20, 2019 and has a 0.44% expense ratio.

Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) belongs to the Corporate Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FCSB.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FCSB.NEO

FCSB.NEO charges 0.44% annually. There are 12 ETFs in the Corporate Bonds category with lower expense ratios, going as low as 0.16%.

SymbolNameExpense RatioAUMInception
XIGS.TO
iShares 1-5 Year U.S. IG Corporate Bond Index ETF ...0.16%—Jul 2021FCSB.NEO vs XIGS.TO
XCB.TO
iShares Core Canadian Corporate Bond Index ETF0.17%3.28BNov 2006FCSB.NEO vs XCB.TO
VCB.TO
Vanguard Canadian Corporate Bond Index ETF0.17%801.89MJan 2017FCSB.NEO vs VCB.TO
ZCB.TO
BMO Corporate Bond Index ETF0.17%1.91BMar 2018FCSB.NEO vs ZCB.TO
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index...0.17%—Aug 2021FCSB.NEO vs XCBG.TO

Best Risk-Adjusted Alternatives to FCSB.NEO

FCSB.NEO has a PortfoliosLab risk / return rank of 43. There are 2 ETFs in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 47.

SymbolNameRisk / Return RankAUMInception
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF
47
226.19MSep 2010FCSB.NEO vs XHB.TO
ZBBB.TO
BMO BBB Corporate Bond Index ETF
45
33.94MJan 2020FCSB.NEO vs ZBBB.TO
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index...
37
—Aug 2021FCSB.NEO vs XCBG.TO
ZIC.TO
BMO Mid-Term US Investment Grade Corporate Bond In...
34
3.76BMar 2013FCSB.NEO vs ZIC.TO
VCB.TO
Vanguard Canadian Corporate Bond Index ETF
34
801.89MJan 2017FCSB.NEO vs VCB.TO

Top Performing FCSB.NEO Alternatives (YTD)

FCSB.NEO is at 1.45% YTD. There are 9 ETFs in the Corporate Bonds category with higher YTD returns, going as high as 2.12%.

SymbolNameYTD ReturnAUMInception
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF
2.12%
226.19MSep 2010FCSB.NEO vs XHB.TO
DCBC.TO
Desjardins Canadian Corporate Bond Index ETF
2.01%
—Apr 2024FCSB.NEO vs DCBC.TO
ZCM.TO
BMO Mid Corporate Bond Index ETF
1.96%
1.43BJan 2010FCSB.NEO vs ZCM.TO
ZCB.TO
BMO Corporate Bond Index ETF
1.85%
1.91BMar 2018FCSB.NEO vs ZCB.TO
VCB.TO
Vanguard Canadian Corporate Bond Index ETF
1.66%
801.89MJan 2017FCSB.NEO vs VCB.TO

Lowest Volatility Alternatives to FCSB.NEO

FCSB.NEO has 2.69% 1-year volatility. There is 1 ETF in the Corporate Bonds category with lower 1-year volatility, going as low as 2.36%.

SymbolNameVolatility 1YAUMInception
XIGS.TO
iShares 1-5 Year U.S. IG Corporate Bond Index ETF ...2.36%—Jul 2021FCSB.NEO vs XIGS.TO
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index...2.95%—Aug 2021FCSB.NEO vs XCBG.TO
CBH.TO
iShares 1-10 Year Laddered Corporate Bond Index ET...3.07%547.88MOct 2011FCSB.NEO vs CBH.TO
ZBBB.TO
BMO BBB Corporate Bond Index ETF3.13%33.94MJan 2020FCSB.NEO vs ZBBB.TO
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF3.30%226.19MSep 2010FCSB.NEO vs XHB.TO

Lowest Drawdown Alternatives to FCSB.NEO

FCSB.NEO has a 1-year max drawdown of -1.58%. No ETFs in the Corporate Bonds category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.60%.

SymbolNameMax Drawdown 1YAUMInception
XIGS.TO
iShares 1-5 Year U.S. IG Corporate Bond Index ETF ...
-1.60%
—Jul 2021FCSB.NEO vs XIGS.TO
ZBBB.TO
BMO BBB Corporate Bond Index ETF
-1.91%
33.94MJan 2020FCSB.NEO vs ZBBB.TO
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index...
-2.03%
—Aug 2021FCSB.NEO vs XCBG.TO
CBH.TO
iShares 1-10 Year Laddered Corporate Bond Index ET...
-2.14%
547.88MOct 2011FCSB.NEO vs CBH.TO
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF
-2.42%
226.19MSep 2010FCSB.NEO vs XHB.TO

Other ETFs from Fidelity

The 10 most viewed Fidelity ETFs shown here include FEQT.NEO, FINN.NEO, FCCM.NEO and span 8 categories. AUM among these funds goes as high as $8B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FEQT.NEO
Fidelity All-in-One Equity ETF FundDiversified Portfolio
72
10.90%
—Jan 2022FCSB.NEO vs FEQT.NEO
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
90
41.97%
—May 2023FCSB.NEO vs FINN.NEO
FCCM.NEO
Fidelity Canadian Momentum Index ETFMomentum, Canada Equities
82
11.11%
—Jun 2020FCSB.NEO vs FCCM.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-26.46%
1.41BNov 2021FCSB.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
82
14.86%
3.08BJun 2020FCSB.NEO vs FCUV.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
67
7.17%
8.37BJan 2021FCSB.NEO vs FBAL.NEO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
70
9.39%
4.36BJan 2021FCSB.NEO vs FGRO.NEO
FCIM.NEO
Fidelity International Momentum Index ETFMomentum, International Equity
70
20.61%
—Jun 2020FCSB.NEO vs FCIM.NEO
FCMO.NEO
Fidelity US Momentum ETFMomentum, Large Cap Growth Equities
65
21.49%
—Jun 2020FCSB.NEO vs FCMO.NEO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
63
6.62%
922.80MJan 2019FCSB.NEO vs FCCQ.TO

Often Compared With FCSB.NEO

Investors most often compare FCSB.NEO with XIG.TO, FCID.TO, FCIV.TO. These 4 comparison targets span 3 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XIG.TO
iShares U.S. IG Corporate Bond Index ETF (CAD-Hedg...Corporate Bonds
20
-0.11%
287.18MJan 2010FCSB.NEO vs XIG.TO
FCID.TO
Fidelity International High Dividend ETFDividend
68
11.02%
326.60MSep 2018FCSB.NEO vs FCID.TO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
68
12.74%
2.08BJun 2025FCSB.NEO vs FCIV.TO
CACB.TO
CIBC Active Investment Grade Corporate Bond ETFCorporate Bonds
33
1.47%
1.45BJan 2019FCSB.NEO vs CACB.TO

Compare FCSB.NEO with Any Fund or Stock

Compare FCSB.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair FCSB.NEO with funds that move differently

Fidelity Canadian Short Term Corporate Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCSB.NEO.

Explore FCSB.NEO Diversifiers