ESGE.TO vs. FCIV.TO
ESGE.TO (BMO MSCI EAFE Selection Equity Index ETF) and FCIV.TO (Fidelity International Value ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, ESGE.TO returned 10.48%/yr vs 15.86%/yr for FCIV.TO. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ESGE.TO vs. FCIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGE.TO achieves a 14.35% return, which is significantly lower than FCIV.TO's 15.63% return.
ESGE.TO
- 1D
- 0.62%
- 1M
- 4.82%
- YTD
- 14.35%
- 6M
- 14.12%
- 1Y
- 24.26%
- 3Y*
- 16.82%
- 5Y*
- 10.48%
- 10Y*
- —
FCIV.TO
- 1D
- -0.19%
- 1M
- 3.14%
- YTD
- 15.63%
- 6M
- 15.48%
- 1Y
- 32.20%
- 3Y*
- 21.91%
- 5Y*
- 15.86%
- 10Y*
- —
ESGE.TO vs. FCIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGE.TO BMO MSCI EAFE Selection Equity Index ETF | 14.35% | 19.50% | 10.61% | 15.06% | -11.25% | 11.14% | 11.57% |
FCIV.TO Fidelity International Value ETF | 15.63% | 33.60% | 6.89% | 22.75% | -0.22% | 14.15% | 4.49% |
Correlation
The correlation between ESGE.TO and FCIV.TO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2020 | 0.69 |
The correlation between ESGE.TO and FCIV.TO shifts across timeframes, from 0.69 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESGE.TO vs. FCIV.TO — Risk / Return Rank
ESGE.TO
FCIV.TO
ESGE.TO vs. FCIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI EAFE Selection Equity Index ETF (ESGE.TO) and Fidelity International Value ETF (FCIV.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.
| ESGE.TO | FCIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.77 | -1.59 |
| Martin ratioReturn relative to average drawdown | 8.38 | 14.14 | -5.76 |
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Drawdowns
ESGE.TO vs. FCIV.TO - Drawdown Comparison
The maximum ESGE.TO drawdown since its inception was -27.77%, which is greater than FCIV.TO's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for ESGE.TO and FCIV.TO.
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Drawdown Indicators
| ESGE.TO | FCIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.77% | -24.27% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -8.59% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -16.59% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.79% | -24.27% | -1.52% |
Current DrawdownCurrent decline from peak | 0.00% | -0.19% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -4.06% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.28% | +0.62% |
Volatility
ESGE.TO vs. FCIV.TO - Volatility Comparison
BMO MSCI EAFE Selection Equity Index ETF (ESGE.TO) has a higher volatility of 4.23% compared to Fidelity International Value ETF (FCIV.TO) at 3.41%. This indicates that ESGE.TO's price experiences larger fluctuations and is considered to be riskier than FCIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGE.TO | FCIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.41% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 11.16% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 14.61% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 15.21% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 15.50% | +0.79% |
Dividends
ESGE.TO vs. FCIV.TO - Dividend Comparison
ESGE.TO's dividend yield for the trailing twelve months is around 1.75%, less than FCIV.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGE.TO BMO MSCI EAFE Selection Equity Index ETF | 1.75% | 2.10% | 2.60% | 2.89% | 2.95% | 2.54% | 2.75% |
FCIV.TO Fidelity International Value ETF | 2.16% | 2.09% | 2.80% | 3.64% | 3.45% | 2.97% | 0.90% |
Frequently Asked Questions
ESGE.TO and FCIV.TO have a correlation of 0.79, 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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