FCCM.NEO vs. HVOI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO).

FCCM.NEO and HVOI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HVOI.TO is an actively managed fund by Harvest. It was launched on Apr 11, 2025.

Performance

FCCM.NEO vs. HVOI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO). The values are adjusted to include any dividend payments, if applicable.

FCCM.NEO vs. HVOI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
FCCM.NEO Fidelity Canadian Momentum Index ETF	5.42%	39.97%
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	2.01%	15.20%

Returns By Period

In the year-to-date period, FCCM.NEO achieves a 5.42% return, which is significantly higher than HVOI.TO's 2.01% return.

FCCM.NEO

• 1D: 1.24%
• 1M: -6.21%
• YTD: 5.42%
• 6M: 15.69%
• 1Y: 44.65%
• 3Y*: 28.73%
• 5Y*: 18.43%
• 10Y*: —

HVOI.TO

• 1D: 0.30%
• 1M: -3.75%
• YTD: 2.01%
• 6M: 5.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCCM.NEO vs. HVOI.TO - Expense Ratio Comparison

FCCM.NEO

Fidelity Canadian Momentum Index ETF

Return for Risk

FCCM.NEO vs. HVOI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCCM.NEO

FCCM.NEO Risk / Return Rank: 95
FCCM.NEO Sharpe Ratio Rank: 96
FCCM.NEO Sortino Ratio Rank: 96
FCCM.NEO Omega Ratio Rank: 96
FCCM.NEO Calmar Ratio Rank: 93
FCCM.NEO Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCCM.NEO vs. HVOI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Momentum Index ETF (FCCM.NEO) and Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.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	HVOI.TO	Difference
Sharpe ratio Return per unit of total volatility	2.65	—	—
Sortino ratio Return per unit of downside risk	3.36	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	3.67	—	—
Martin ratio Return relative to average drawdown	15.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FCCM.NEO	HVOI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	2.18	-2.28

Correlation

The correlation between FCCM.NEO and HVOI.TO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FCCM.NEO vs. HVOI.TO - Dividend Comparison

FCCM.NEO's dividend yield for the trailing twelve months is around 0.86%, less than HVOI.TO's 6.53% yield.

	TTM	2025	2024	2023	2022	2021	2020
FCCM.NEO Fidelity Canadian Momentum Index ETF	0.86%	0.91%	0.91%	1.32%	1.79%	1.49%	0.78%
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A	6.53%	4.76%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FCCM.NEO vs. HVOI.TO - Drawdown Comparison

The maximum FCCM.NEO drawdown since its inception was -67.22%, which is greater than HVOI.TO's maximum drawdown of -6.72%. Use the drawdown chart below to compare losses from any high point for FCCM.NEO and HVOI.TO.

Drawdown Indicators

	FCCM.NEO	HVOI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-67.22%	-6.72%	-60.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.59%	—	—
Current Drawdown Current decline from peak	-16.76%	-4.02%	-12.74%
Average Drawdown Average peak-to-trough decline	-53.20%	-0.80%	-52.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	—	—

Volatility

Volatility by Period

	FCCM.NEO	HVOI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	8.43%	+8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	8.43%	+4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.53%	8.43%	+22.10%