FXM.TO Alternatives & Similar ETFs

CI Morningstar Canada Value Index ETF (FXM.TO) belongs to the Canada Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXM.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FXM.TO

FXM.TO charges 0.64% annually. There are 57 ETFs in the Canada Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	5.71B	Jan 2018	FXM.TO vs QCN.TO
QCE.TO	Mackenzie Canadian Large Cap Equity Index ETF	0.04%	273.29M	Jan 2018	FXM.TO vs QCE.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	FXM.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.59B	Feb 2020	FXM.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.23B	Mar 2016	FXM.TO vs TTP.TO

Best Risk-Adjusted Alternatives to FXM.TO

FXM.TO has a PortfoliosLab risk / return rank of 97. There are 19 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
XCV.TO	iShares Canadian Value Index ETF	98	253.39M	Nov 2006	FXM.TO vs XCV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	263.64M	Apr 2016	FXM.TO vs HXH.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	98	57.60M	Mar 2024	FXM.TO vs FLVC.NEO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.38B	Apr 2011	FXM.TO vs XEI.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	108.60M	Jun 2020	FXM.TO vs HCA.TO

Top Performing FXM.TO Alternatives (YTD)

FXM.TO is at 18.11% YTD. There are 23 ETFs in the Canada Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	FXM.TO vs CFOU.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	46.30%	2.32B	Mar 2001	FXM.TO vs XEG.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	FXM.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	FXM.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	38.64%	—	Mar 2025	FXM.TO vs CLSA.TO

Lowest Volatility Alternatives to FXM.TO

FXM.TO has 11.25% 1-year volatility. There are 24 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 6.43%.

Symbol	Name	Volatility 1Y	AUM	Inception
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.43%	12.40M	Jan 2020	FXM.TO vs FCMI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.67%	103.58M	Apr 2012	FXM.TO vs TLV.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	7.91%	57.60M	Mar 2024	FXM.TO vs FLVC.NEO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	8.16%	4.38B	Apr 2011	FXM.TO vs XEI.TO
PDF.TO	Purpose Core Dividend Fund	8.46%	475.00M	Sep 2013	FXM.TO vs PDF.TO

Lowest Drawdown Alternatives to FXM.TO

FXM.TO has a 1-year max drawdown of -8.11%. There are 36 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.52%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	263.64M	Apr 2016	FXM.TO vs HXH.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	-3.21%	57.60M	Mar 2024	FXM.TO vs FLVC.NEO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	12.40M	Jan 2020	FXM.TO vs FCMI.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	253.39M	Nov 2006	FXM.TO vs XCV.TO
PDC.TO	Invesco Canadian Dividend Index ETF	-3.86%	1.05B	Apr 2011	FXM.TO vs PDC.TO

Other ETFs from CI

The 10 most viewed CI ETFs shown here include BTCX-B.TO, CIAI.TO, VXM.TO and span 18 categories. AUM among these funds goes as high as $5B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BTCX-B.TO	CI Galaxy Bitcoin ETF C$ Unhedged Series Units	Cryptocurrency	2	-26.95%	694.86M	Mar 2021	FXM.TO vs BTCX-B.TO
CIAI.TO	CI Global Artificial Intelligence ETF	Artificial Intelligence, Technology Equities	38	19.72%	—	May 2024	FXM.TO vs CIAI.TO
VXM.TO	CI Morningstar International Value CAD Hedged	Foreign Small & Mid Cap Equities	91	15.25%	1.12B	Nov 2014	FXM.TO vs VXM.TO
VALT.TO	CI Gold Bullion ETF	Gold, Precious Metals	28	-7.03%	—	Jan 2021	FXM.TO vs VALT.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	99	1.18%	4.51B	Jun 2019	FXM.TO vs CSAV.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	88	13.16%	1.30B	Feb 2012	FXM.TO vs WXM.TO
JAPN.TO	CI WisdomTree Japan Equity Index ETF	Japan Equities, Asia Pacific Equities	92	20.60%	56.38M	Aug 2018	FXM.TO vs JAPN.TO
TXF.TO	CI Tech Giants Covered Call Common	Technology Equities, Derivative Income	52	14.26%	777.65M	Oct 2011	FXM.TO vs TXF.TO
CLML.TO	CI Global Climate Leaders Fund	Alternative Energy Equities, Sustainable, Global Equities, Actively Managed, Energy Equities	56	24.04%	—	Jul 2021	FXM.TO vs CLML.TO
CCOM.TO	CI Auspice Broad Commodity Fund ETF Hedged Units	Commodities	79	14.17%	—	May 2023	FXM.TO vs CCOM.TO

Often Compared With FXM.TO

Investors most often compare FXM.TO with FCUV.TO, FCCM.NEO, VDY.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FCUV.TO	Fidelity U.S. Value ETF	Large Cap Value Equities	91	18.65%	4.09B	Jun 2020	FXM.TO vs FCUV.TO
FCCM.NEO	Fidelity Canadian Momentum ETF	Momentum, Canada Equities	89	10.63%	—	Jun 2020	FXM.TO vs FCCM.NEO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	FXM.TO vs VDY.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Quality Factor, Canada Equities	82	8.28%	1.05B	Jan 2019	FXM.TO vs FCCQ.TO
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	95	17.50%	1.27B	Jun 2020	FXM.TO vs FCCV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	FXM.TO vs XDIV.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	Canada Equities	67	14.90%	237.21M	May 2007	FXM.TO vs XCS.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	90	12.26%	16.37B	Aug 2013	FXM.TO vs VCN.TO
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	Canada Equities	97	18.12%	—	May 2024	FXM.TO vs KNGC.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	Canada Equities, Low Volatility	88	9.21%	124.02M	May 2020	FXM.TO vs TCLV.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	86	13.38%	20.80B	Aug 2019	FXM.TO vs XEQT.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	58	7.74%	6.27B	Oct 2011	FXM.TO vs ZLB.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.55%	31.79B	Feb 2001	FXM.TO vs XIC.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	Global Equities	91	14.27%	200.21M	Jan 2008	FXM.TO vs CYH.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Derivative Income, Canada Equities, Low Volatility	87	10.72%	—	Apr 2025	FXM.TO vs HVOI.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	Oct 2011	FXM.TO vs ZDV.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	12.34%	34.09B	Nov 2012	FXM.TO vs VFV.TO
XMTM.TO	iShares MSCI USA Momentum Factor Index ETF	Momentum, Large Cap Blend Equities	41	22.91%	34.17M	Sep 2019	FXM.TO vs XMTM.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	89	12.86%	3.54B	Nov 2011	FXM.TO vs VCE.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	96	19.12%	3.46B	Nov 2019	FXM.TO vs TQCD.TO

Compare FXM.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair FXM.TO with funds that move differently

CI Morningstar Canada Value Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXM.TO.

Explore FXM.TO Diversifiers

CI Morningstar Canada Value Index ETF (FXM.TO) Alternatives