FCCM.NEO vs. CM
Compare and contrast key facts about Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Canadian Imperial Bank of Commerce (CM).
FCCM.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada Canadian Momentum Index. It was launched on Jun 5, 2020.
Performance
FCCM.NEO vs. CM - Performance Comparison
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FCCM.NEO vs. CM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 4.13% | 43.17% | 27.03% | 10.10% | -3.42% | 14.23% | -64.10% |
CM Canadian Imperial Bank of Commerce | 6.86% | 42.19% | 49.67% | 24.43% | -20.42% | 41.01% | 16.49% |
Different Trading Currencies
FCCM.NEO is traded in CAD, while CM is traded in USD. To make them comparable, the CM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FCCM.NEO achieves a 4.13% return, which is significantly lower than CM's 6.86% return.
FCCM.NEO
- 1D
- 3.30%
- 1M
- -7.13%
- YTD
- 4.13%
- 6M
- 14.81%
- 1Y
- 43.62%
- 3Y*
- 28.20%
- 5Y*
- 18.14%
- 10Y*
- —
CM
- 1D
- 3.10%
- 1M
- -3.51%
- YTD
- 6.86%
- 6M
- 20.49%
- 1Y
- 68.56%
- 3Y*
- 38.61%
- 5Y*
- 22.54%
- 10Y*
- 16.72%
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Return for Risk
FCCM.NEO vs. CM — Risk / Return Rank
FCCM.NEO
CM
FCCM.NEO vs. CM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Canadian Imperial Bank of Commerce (CM). 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.
| FCCM.NEO | CM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 4.09 | -1.50 |
Sortino ratioReturn per unit of downside risk | 3.30 | 5.21 | -1.92 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.71 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.65 | 7.59 | -3.94 |
Martin ratioReturn relative to average drawdown | 15.49 | 30.71 | -15.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCCM.NEO | CM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 4.09 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 1.25 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.87 | -0.98 |
Correlation
The correlation between FCCM.NEO and CM is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCCM.NEO vs. CM - Dividend Comparison
FCCM.NEO's dividend yield for the trailing twelve months is around 0.88%, less than CM's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.88% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CM Canadian Imperial Bank of Commerce | 3.13% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
Drawdowns
FCCM.NEO vs. CM - Drawdown Comparison
The maximum FCCM.NEO drawdown since its inception was -67.22%, which is greater than CM's maximum drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for FCCM.NEO and CM.
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Drawdown Indicators
| FCCM.NEO | CM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.22% | -71.70% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -10.79% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.59% | -40.61% | +24.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.82% | — |
Current DrawdownCurrent decline from peak | -17.77% | -7.92% | -9.85% |
Average DrawdownAverage peak-to-trough decline | -53.22% | -14.74% | -38.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.43% | +0.48% |
Volatility
FCCM.NEO vs. CM - Volatility Comparison
Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a higher volatility of 7.47% compared to Canadian Imperial Bank of Commerce (CM) at 7.01%. This indicates that FCCM.NEO's price experiences larger fluctuations and is considered to be riskier than CM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCCM.NEO | CM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 7.01% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 13.56% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 16.86% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 18.11% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.53% | 19.37% | +11.16% |