BGC.TO vs. FCMI.TO
BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. Both are actively managed. Over the past 5 years, BGC.TO returned 8.03%/yr vs 8.04%/yr for FCMI.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
BGC.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGC.TO achieves a 2.35% return, which is significantly lower than FCMI.TO's 9.25% return.
BGC.TO
- 1D
- 0.10%
- 1M
- 3.29%
- 6M
- 2.16%
- YTD
- 2.35%
- 1Y
- 6.21%
- 3Y*
- 10.26%
- 5Y*
- 8.03%
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
BGC.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 2.35% | 8.06% | 13.80% | 17.67% | -5.52% | 18.08% | -2.03% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 15.26% | -50.19% |
Correlation
The correlation between BGC.TO and FCMI.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.12 |
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Return for Risk
BGC.TO vs. FCMI.TO — Risk / Return Rank
BGC.TO
FCMI.TO
BGC.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and Fidelity Canadian Monthly High Income ETF (FCMI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.80 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 5.36 | -4.66 |
| Martin ratioReturn relative to average drawdown | 1.87 | 20.61 | -18.73 |
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Drawdowns
BGC.TO vs. FCMI.TO - Drawdown Comparison
The maximum BGC.TO drawdown since its inception was -36.73%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for BGC.TO and FCMI.TO.
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Drawdown Indicators
| BGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.73% | -63.80% | +27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -3.62% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -6.63% | -7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -10.00% | -4.14% |
Current DrawdownCurrent decline from peak | -0.52% | -18.96% | +18.44% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -41.60% | +37.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.94% | +2.29% |
Volatility
BGC.TO vs. FCMI.TO - Volatility Comparison
Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) has a higher volatility of 2.91% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that BGC.TO's price experiences larger fluctuations and is considered to be riskier than FCMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.10% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 4.99% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 6.39% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 7.80% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 22.20% | -6.23% |
Dividends
BGC.TO vs. FCMI.TO - Dividend Comparison
BGC.TO has not paid dividends to shareholders, while FCMI.TO's dividend yield for the trailing twelve months is around 3.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
Frequently Asked Questions
BGC.TO and FCMI.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Bristol Gate and Fidelity.
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