FCCM.NEO vs. FGEP.TO
FCCM.NEO (Fidelity Canadian Momentum Index ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both exchange-traded funds - FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index, while FGEP.TO is a Global Equities fund actively managed by Fidelity. FCCM.NEO is passively managed, while FGEP.TO is actively managed. Over the past year, FCCM.NEO returned 44.14% vs 33.77% for FGEP.TO. A 0.55 correlation means they provide meaningful diversification when combined. FCCM.NEO charges 0.38%/yr vs 1.16%/yr for FGEP.TO.
Performance
FCCM.NEO vs. FGEP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCCM.NEO achieves a 11.11% return, which is significantly lower than FGEP.TO's 17.63% return.
FCCM.NEO
- 1D
- 1.32%
- 1M
- 3.24%
- YTD
- 11.11%
- 6M
- 12.84%
- 1Y
- 44.14%
- 3Y*
- 29.52%
- 5Y*
- 19.08%
- 10Y*
- —
FGEP.TO
- 1D
- 0.73%
- 1M
- 5.77%
- YTD
- 17.63%
- 6M
- 17.82%
- 1Y
- 33.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCM.NEO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 11.11% | 43.17% | 16.73% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 17.63% | 17.44% | 9.99% |
Correlation
The correlation between FCCM.NEO and FGEP.TO is 0.53, 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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.55 |
The correlation between FCCM.NEO and FGEP.TO has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
FCCM.NEO vs. FGEP.TO — Risk / Return Rank
FCCM.NEO
FGEP.TO
FCCM.NEO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Fidelity Global Equity+ Fund ETF (FGEP.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.
| FCCM.NEO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.61 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 4.75 | -1.17 |
| Martin ratioReturn relative to average drawdown | 15.61 | 20.01 | -4.40 |
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 | FGEP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 3.24 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.81 | -0.46 |
Drawdowns
FCCM.NEO vs. FGEP.TO - Drawdown Comparison
The maximum FCCM.NEO drawdown since its inception was -16.59%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for FCCM.NEO and FGEP.TO.
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Drawdown Indicators
| FCCM.NEO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -14.78% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -7.14% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.59% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | 0.00% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -1.63% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 1.69% | +1.14% |
Volatility
FCCM.NEO vs. FGEP.TO - Volatility Comparison
Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a higher volatility of 5.20% compared to Fidelity Global Equity+ Fund ETF (FGEP.TO) at 3.77%. This indicates that FCCM.NEO's price experiences larger fluctuations and is considered to be riskier than FGEP.TO 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 | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.77% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 8.36% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 10.46% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 12.69% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 12.69% | +0.72% |
FCCM.NEO vs. FGEP.TO - Expense Ratio Comparison
FCCM.NEO has a 0.38% expense ratio, which is lower than FGEP.TO's 1.16% expense ratio.
Dividends
FCCM.NEO vs. FGEP.TO - Dividend Comparison
FCCM.NEO's dividend yield for the trailing twelve months is around 0.82%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.82% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCCM.NEO and FGEP.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCM.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCM.NEO is cheaper with a 0.38% expense ratio, compared with 1.16% for FGEP.TO.
FCCM.NEO is categorized as Momentum, while FGEP.TO is Global Equities. Their fees differ too: 0.38% for FCCM.NEO and 1.16% for FGEP.TO.
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