CNYE.TO vs. FCMI.TO
CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - CNYE.TO is a Derivative Income fund actively managed by Harvest, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, CNYE.TO returned -65.79% vs 19.66% for FCMI.TO. At a 0.13 correlation, their price movements are largely independent. CNYE.TO charges 0.40%/yr vs 0.50%/yr for FCMI.TO.
Performance
CNYE.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNYE.TO achieves a -31.68% return, which is significantly lower than FCMI.TO's 9.25% return.
CNYE.TO
- 1D
- -2.53%
- 1M
- -4.02%
- 6M
- -38.07%
- YTD
- -31.68%
- 1Y
- -65.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
CNYE.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -31.68% | -10.85% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 12.43% |
Correlation
The correlation between CNYE.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 (All Time) Calculated using the full available price history since Mar 5, 2025 | 0.13 |
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Return for Risk
CNYE.TO vs. FCMI.TO — Risk / Return Rank
CNYE.TO
FCMI.TO
CNYE.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.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.
| CNYE.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.90 | ||
| Sortino ratioReturn per unit of downside risk | -6.19 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.80 | -0.97 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 5.36 | -6.28 |
| Martin ratioReturn relative to average drawdown | -1.33 | 20.62 | -21.95 |
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Drawdowns
CNYE.TO vs. FCMI.TO - Drawdown Comparison
The maximum CNYE.TO drawdown since its inception was -72.18%, which is greater than FCMI.TO's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and FCMI.TO.
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Drawdown Indicators
| CNYE.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -63.80% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -72.18% | -3.62% | -68.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -66.37% | -18.96% | -47.41% |
Average DrawdownAverage peak-to-trough decline | -36.44% | -41.59% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.39% | 0.94% | +48.45% |
Volatility
CNYE.TO vs. FCMI.TO - Volatility Comparison
Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a higher volatility of 19.97% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.08%. This indicates that CNYE.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
| CNYE.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.97% | 2.08% | +17.89% |
Volatility (6M)Calculated over the trailing 6-month period | 59.85% | 4.99% | +54.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.22% | 6.39% | +69.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.38% | 7.80% | +73.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.38% | 22.19% | +59.19% |
CNYE.TO vs. FCMI.TO - Expense Ratio Comparison
CNYE.TO has a 0.40% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
CNYE.TO vs. FCMI.TO - Dividend Comparison
CNYE.TO's dividend yield for the trailing twelve months is around 89.39%, more than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 89.39% | 48.74% | 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
CNYE.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.
On fees, CNYE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYE.TO is cheaper with a 0.40% expense ratio, compared with 0.50% for FCMI.TO.
CNYE.TO is categorized as Derivative Income, while FCMI.TO is Canada Equities. They also come from different issuers: Harvest and Fidelity. Their fees differ too: 0.40% for CNYE.TO and 0.50% for FCMI.TO.
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