DXC.TO vs. FCMI.TO
DXC.TO (Dynamic Active Canadian Dividend ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. Both are actively managed. Over the past 5 years, DXC.TO returned 13.10%/yr vs 8.04%/yr for FCMI.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
DXC.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXC.TO achieves a 15.19% return, which is significantly higher than FCMI.TO's 9.25% return.
DXC.TO
- 1D
- 0.38%
- 1M
- 2.40%
- 6M
- 13.57%
- YTD
- 15.19%
- 1Y
- 27.78%
- 3Y*
- 17.93%
- 5Y*
- 13.10%
- 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*
- —
DXC.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXC.TO Dynamic Active Canadian Dividend ETF | 15.19% | 19.73% | 13.93% | 10.41% | -1.73% | 27.18% | 5.72% |
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 DXC.TO and FCMI.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
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 |
The correlation between DXC.TO and FCMI.TO shifts across timeframes, from 0.20 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXC.TO vs. FCMI.TO — Risk / Return Rank
DXC.TO
FCMI.TO
DXC.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Canadian Dividend ETF (DXC.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.
| DXC.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.80 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 5.36 | -0.59 |
| Martin ratioReturn relative to average drawdown | 21.63 | 20.61 | +1.02 |
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Drawdowns
DXC.TO vs. FCMI.TO - Drawdown Comparison
The maximum DXC.TO drawdown since its inception was -30.48%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for DXC.TO and FCMI.TO.
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Drawdown Indicators
| DXC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -63.80% | +33.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -3.62% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -6.63% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -10.00% | -3.30% |
Current DrawdownCurrent decline from peak | 0.00% | -18.96% | +18.96% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -41.60% | +39.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.94% | +0.35% |
Volatility
DXC.TO vs. FCMI.TO - Volatility Comparison
The current volatility for Dynamic Active Canadian Dividend ETF (DXC.TO) is 1.69%, while Fidelity Canadian Monthly High Income ETF (FCMI.TO) has a volatility of 2.10%. This indicates that DXC.TO experiences smaller price fluctuations and is considered to be less risky 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
| DXC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.10% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 4.99% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 6.39% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 7.80% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 22.20% | -9.21% |
Dividends
DXC.TO vs. FCMI.TO - Dividend Comparison
DXC.TO's dividend yield for the trailing twelve months is around 2.05%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXC.TO Dynamic Active Canadian Dividend ETF | 2.05% | 2.33% | 2.61% | 2.44% | 1.85% | 1.47% | 1.84% | 1.96% | 2.35% | 1.97% |
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% |
Frequently Asked Questions
DXC.TO and FCMI.TO have a correlation of 0.36, 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: Dynamic and Fidelity.
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