CRQ.NEO vs. FCMI.TO
CRQ.NEO (iShares Canadian Fundamental Index ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. CRQ.NEO is passively managed, while FCMI.TO is actively managed. Over the past 5 years, CRQ.NEO returned 19.04%/yr vs 8.04%/yr for FCMI.TO. At a 0.20 correlation, their price movements are largely independent. CRQ.NEO charges 0.72%/yr vs 0.50%/yr for FCMI.TO.
Performance
CRQ.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CRQ.NEO achieves a 21.35% return, which is significantly higher than FCMI.TO's 9.25% return.
CRQ.NEO
- 1D
- -0.03%
- 1M
- 2.62%
- 6M
- 16.94%
- YTD
- 21.35%
- 1Y
- 44.57%
- 3Y*
- 26.99%
- 5Y*
- 19.04%
- 10Y*
- 13.72%
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
CRQ.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 21.35% | 31.87% | 22.17% | 9.76% | 0.89% | 33.95% | -4.07% |
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 CRQ.NEO and FCMI.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.20 |
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Return for Risk
CRQ.NEO vs. FCMI.TO — Risk / Return Rank
CRQ.NEO
FCMI.TO
CRQ.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) 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.
| CRQ.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.80 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 5.36 | +1.22 |
| Martin ratioReturn relative to average drawdown | 31.79 | 20.62 | +11.18 |
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Drawdowns
CRQ.NEO vs. FCMI.TO - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and FCMI.TO.
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Drawdown Indicators
| CRQ.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -63.80% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -3.62% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -6.63% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -10.00% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -18.96% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -41.59% | +36.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.94% | +0.47% |
Volatility
CRQ.NEO vs. FCMI.TO - Volatility Comparison
iShares Canadian Fundamental Index ETF (CRQ.NEO) has a higher volatility of 2.19% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.08%. This indicates that CRQ.NEO'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
| CRQ.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.08% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 4.99% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 6.39% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 7.80% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 22.19% | -6.00% |
CRQ.NEO vs. FCMI.TO - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than FCMI.TO's 0.50% expense ratio.
Dividends
CRQ.NEO vs. FCMI.TO - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.78%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.78% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRQ.NEO and FCMI.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMI.TO is cheaper with a 0.50% expense ratio, compared with 0.72% for CRQ.NEO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.72% for CRQ.NEO and 0.50% for FCMI.TO.
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