AI.TO vs. FCR-UN.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Atrium Mortgage Investment Corporation (AI.TO) and First Capital Real Estate Investment Trust (FCR-UN.TO).

Performance

AI.TO vs. FCR-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Atrium Mortgage Investment Corporation (AI.TO) and First Capital Real Estate Investment Trust (FCR-UN.TO). The values are adjusted to include any dividend payments, if applicable.

AI.TO vs. FCR-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AI.TO Atrium Mortgage Investment Corporation	0.98%	15.34%	12.42%	6.32%	-17.74%	18.44%	-5.58%	23.01%	7.71%	10.84%
FCR-UN.TO First Capital Real Estate Investment Trust	9.92%	17.08%	16.59%	-3.27%	-7.64%	42.71%	-30.44%	13.36%	-4.95%	4.62%

Fundamentals

Market Cap AI.TO : CA$639.96M FCR-UN.TO : CA$4.38B
EPS AI.TO : CA$0.94 FCR-UN.TO : CA$4.99
PE Ratio AI.TO : 12.33 FCR-UN.TO : 4.13
PEG Ratio AI.TO : 7.63 FCR-UN.TO : 0.00
PS Ratio AI.TO : 7.49 FCR-UN.TO : 5.91
PB Ratio AI.TO : 1.22 FCR-UN.TO : 0.91
Total Revenue (TTM) AI.TO : CA$80.78M FCR-UN.TO : CA$743.81M
Gross Profit (TTM) AI.TO : CA$63.73M FCR-UN.TO : CA$470.51M
EBITDA (TTM) AI.TO : CA$59.12M FCR-UN.TO : CA$447.26M

Returns By Period

In the year-to-date period, AI.TO achieves a 0.98% return, which is significantly lower than FCR-UN.TO's 9.92% return. Over the past 10 years, AI.TO has outperformed FCR-UN.TO with an annualized return of 7.78%, while FCR-UN.TO has yielded a comparatively lower 4.37% annualized return.

AI.TO

• 1D: 0.44%
• 1M: -2.78%
• YTD: 0.98%
• 6M: 2.27%
• 1Y: 17.31%
• 3Y*: 6.95%
• 5Y*: 5.17%
• 10Y*: 7.78%

FCR-UN.TO

• 1D: 1.28%
• 1M: -3.60%
• YTD: 9.92%
• 6M: 6.31%
• 1Y: 30.60%
• 3Y*: 15.26%
• 5Y*: 9.30%
• 10Y*: 4.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AI.TO vs. FCR-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AI.TO

AI.TO Risk / Return Rank: 84
AI.TO Sharpe Ratio Rank: 84
AI.TO Sortino Ratio Rank: 80
AI.TO Omega Ratio Rank: 81
AI.TO Calmar Ratio Rank: 87
AI.TO Martin Ratio Rank: 88

FCR-UN.TO

FCR-UN.TO Risk / Return Rank: 89
FCR-UN.TO Sharpe Ratio Rank: 90
FCR-UN.TO Sortino Ratio Rank: 88
FCR-UN.TO Omega Ratio Rank: 84
FCR-UN.TO Calmar Ratio Rank: 91
FCR-UN.TO Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AI.TO vs. FCR-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Atrium Mortgage Investment Corporation (AI.TO) and First Capital Real Estate Investment Trust (FCR-UN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AI.TO	FCR-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.88	-0.40
Sortino ratio Return per unit of downside risk	2.05	2.62	-0.57
Omega ratio Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio Return relative to maximum drawdown	3.20	3.99	-0.79
Martin ratio Return relative to average drawdown	9.28	12.71	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AI.TO vs. FCR-UN.TO - Sharpe Ratio Comparison

The current AI.TO Sharpe Ratio is 1.48, which is comparable to the FCR-UN.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of AI.TO and FCR-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AI.TO	FCR-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.88	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.47	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.20	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.35	+0.08

Correlation

The correlation between AI.TO and FCR-UN.TO is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AI.TO vs. FCR-UN.TO - Dividend Comparison

AI.TO's dividend yield for the trailing twelve months is around 7.44%, more than FCR-UN.TO's 3.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AI.TO Atrium Mortgage Investment Corporation	7.44%	8.08%	8.28%	8.56%	8.39%	6.41%	7.11%	6.21%	7.15%	6.99%	7.11%	7.37%
FCR-UN.TO First Capital Real Estate Investment Trust	3.97%	4.70%	5.09%	5.63%	3.43%	2.29%	6.38%	3.47%	4.56%	4.15%	4.16%	4.69%

Drawdowns

AI.TO vs. FCR-UN.TO - Drawdown Comparison

The maximum AI.TO drawdown since its inception was -53.30%, smaller than the maximum FCR-UN.TO drawdown of -63.96%. Use the drawdown chart below to compare losses from any high point for AI.TO and FCR-UN.TO.

Drawdown Indicators

	AI.TO	FCR-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-63.96%	+10.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.29%	-7.71%	+2.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	-29.38%	+3.51%
Max Drawdown (10Y) Largest decline over 10 years	-53.30%	-49.80%	-3.50%
Current Drawdown Current decline from peak	-3.28%	-3.60%	+0.32%
Average Drawdown Average peak-to-trough decline	-6.11%	-15.37%	+9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.42%	-0.59%

Volatility

AI.TO vs. FCR-UN.TO - Volatility Comparison

The current volatility for Atrium Mortgage Investment Corporation (AI.TO) is 4.42%, while First Capital Real Estate Investment Trust (FCR-UN.TO) has a volatility of 5.02%. This indicates that AI.TO experiences smaller price fluctuations and is considered to be less risky than FCR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AI.TO	FCR-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	5.02%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	11.33%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	16.36%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	19.80%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	22.36%	-1.82%

Financials