ESGC.TO vs. FCMI.TO
ESGC.TO (Invesco S&P/TSX Composite ESG Index ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. ESGC.TO is passively managed, while FCMI.TO is actively managed. Over the past 5 years, ESGC.TO returned 13.24%/yr vs 8.04%/yr for FCMI.TO. At a 0.20 correlation, their price movements are largely independent. ESGC.TO charges 0.15%/yr vs 0.50%/yr for FCMI.TO.
Performance
ESGC.TO vs. FCMI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGC.TO achieves a 14.51% return, which is significantly higher than FCMI.TO's 9.25% return.
ESGC.TO
- 1D
- 0.21%
- 1M
- -0.40%
- 6M
- 9.79%
- YTD
- 14.51%
- 1Y
- 34.25%
- 3Y*
- 21.60%
- 5Y*
- 13.24%
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.19%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
ESGC.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF | 14.51% | 31.52% | 16.03% | 7.50% | -7.28% | 23.99% | 5.27% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 15.26% | 8.13% |
Correlation
The correlation between ESGC.TO and FCMI.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020 | 0.20 |
Over the past year, ESGC.TO and FCMI.TO have become more correlated (0.42) than their long-term average of 0.20, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESGC.TO vs. FCMI.TO — Risk / Return Rank
ESGC.TO
FCMI.TO
ESGC.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Composite ESG Index ETF (ESGC.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.
| ESGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.80 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 5.36 | -1.97 |
| Martin ratioReturn relative to average drawdown | 14.48 | 20.61 | -6.13 |
Loading charts...
Drawdowns
ESGC.TO vs. FCMI.TO - Drawdown Comparison
The maximum ESGC.TO drawdown since its inception was -16.66%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for ESGC.TO and FCMI.TO.
Loading charts...
Drawdown Indicators
| ESGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -63.80% | +47.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -3.62% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -6.63% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.66% | -10.00% | -6.66% |
Current DrawdownCurrent decline from peak | -0.40% | -18.96% | +18.56% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -41.60% | +37.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.94% | +1.43% |
Volatility
ESGC.TO vs. FCMI.TO - Volatility Comparison
Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) has a higher volatility of 2.48% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that ESGC.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.
Loading charts...
Volatility by Period
| ESGC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 2.10% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 4.99% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 6.39% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 7.80% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.86% | 22.20% | -9.34% |
ESGC.TO vs. FCMI.TO - Expense Ratio Comparison
ESGC.TO has a 0.15% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
ESGC.TO vs. FCMI.TO - Dividend Comparison
ESGC.TO's dividend yield for the trailing twelve months is around 2.13%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF | 2.13% | 2.36% | 2.66% | 3.23% | 2.98% | 2.28% | 0.67% |
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
ESGC.TO and FCMI.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGC.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGC.TO is cheaper with a 0.15% expense ratio, compared with 0.50% for FCMI.TO.
They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.15% for ESGC.TO and 0.50% for FCMI.TO.
Find the right allocation for ESGC.TO and FCMI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer