ESGB.TO vs. FCSB.NEO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) are both Corporate Bonds funds. Over the past 5 years, ESGB.TO returned 2.22%/yr vs 3.05%/yr for FCSB.NEO. At a 0.30 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. FCSB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 2.00% return, which is significantly higher than FCSB.NEO's 1.77% return.
ESGB.TO
- 1D
- -0.64%
- 1M
- 0.33%
- YTD
- 2.00%
- 6M
- 1.89%
- 1Y
- 4.32%
- 3Y*
- 6.14%
- 5Y*
- 2.22%
- 10Y*
- —
FCSB.NEO
- 1D
- 0.20%
- 1M
- 0.43%
- YTD
- 1.77%
- 6M
- 1.49%
- 1Y
- 3.86%
- 3Y*
- 6.08%
- 5Y*
- 3.05%
- 10Y*
- —
ESGB.TO vs. FCSB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 2.00% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.77% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.05% |
Correlation
The correlation between ESGB.TO and FCSB.NEO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.30 |
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Return for Risk
ESGB.TO vs. FCSB.NEO — Risk / Return Rank
ESGB.TO
FCSB.NEO
ESGB.TO vs. FCSB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). 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.
| ESGB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.45 | -0.69 |
| Martin ratioReturn relative to average drawdown | 5.17 | 9.00 | -3.82 |
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Drawdowns
ESGB.TO vs. FCSB.NEO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, which is greater than FCSB.NEO's maximum drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and FCSB.NEO.
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Drawdown Indicators
| ESGB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -12.48% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -1.58% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -1.58% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -7.44% | -6.52% |
Current DrawdownCurrent decline from peak | -0.64% | -0.23% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -1.49% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.43% | +0.41% |
Volatility
ESGB.TO vs. FCSB.NEO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.55% compared to Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) at 0.96%. This indicates that ESGB.TO's price experiences larger fluctuations and is considered to be riskier than FCSB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.96% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.18% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 2.78% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 3.32% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 4.94% | +1.05% |
Dividends
ESGB.TO vs. FCSB.NEO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 3.99%, more than FCSB.NEO's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 3.99% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.80% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% |
Frequently Asked Questions
ESGB.TO and FCSB.NEO have a correlation of 0.35, 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: BMO and Fidelity.
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