FCGI.TO vs. VRIF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Global Monthly High Income ETF (FCGI.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.TO).

FCGI.TO and VRIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCGI.TO is an actively managed fund by Fidelity. It was launched on Jan 16, 2020. VRIF.TO is an actively managed fund by Vanguard. It was launched on Sep 9, 2020.

Performance

FCGI.TO vs. VRIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Monthly High Income ETF (FCGI.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.TO). The values are adjusted to include any dividend payments, if applicable.

FCGI.TO vs. VRIF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCGI.TO Fidelity Global Monthly High Income ETF	3.84%	13.21%	13.10%	9.65%	-5.30%	13.84%	6.21%
VRIF.TO Vanguard Retirement Income ETF Portfolio	0.63%	10.58%	8.44%	8.97%	-11.50%	7.44%	5.55%

Returns By Period

In the year-to-date period, FCGI.TO achieves a 3.84% return, which is significantly higher than VRIF.TO's 0.63% return.

FCGI.TO

• 1D: 1.42%
• 1M: -1.98%
• YTD: 3.84%
• 6M: 6.45%
• 1Y: 14.38%
• 3Y*: 13.16%
• 5Y*: 8.60%
• 10Y*: —

VRIF.TO

• 1D: 1.19%
• 1M: -2.84%
• YTD: 0.63%
• 6M: 1.95%
• 1Y: 9.14%
• 3Y*: 8.19%
• 5Y*: 4.12%
• 10Y*: —

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

FCGI.TO vs. VRIF.TO - Expense Ratio Comparison

FCGI.TO has a 0.55% expense ratio, which is higher than VRIF.TO's 0.29% expense ratio.

FCGI.TO

Fidelity Global Monthly High Income ETF

VRIF.TO

Vanguard Retirement Income ETF Portfolio

Return for Risk

FCGI.TO vs. VRIF.TO — Risk / Return Rank

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

FCGI.TO

FCGI.TO Risk / Return Rank: 78
FCGI.TO Sharpe Ratio Rank: 79
FCGI.TO Sortino Ratio Rank: 77
FCGI.TO Omega Ratio Rank: 96
FCGI.TO Calmar Ratio Rank: 65
FCGI.TO Martin Ratio Rank: 72

VRIF.TO

VRIF.TO Risk / Return Rank: 79
VRIF.TO Sharpe Ratio Rank: 81
VRIF.TO Sortino Ratio Rank: 82
VRIF.TO Omega Ratio Rank: 80
VRIF.TO Calmar Ratio Rank: 77
VRIF.TO Martin Ratio Rank: 76

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.

FCGI.TO vs. VRIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Monthly High Income ETF (FCGI.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.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.

	FCGI.TO	VRIF.TO	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.52	+0.01
Sortino ratio Return per unit of downside risk	2.00	2.13	-0.13
Omega ratio Gain probability vs. loss probability	1.53	1.31	+0.22
Calmar ratio Return relative to maximum drawdown	1.69	2.05	-0.36
Martin ratio Return relative to average drawdown	7.61	7.91	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCGI.TO vs. VRIF.TO - Sharpe Ratio Comparison

The current FCGI.TO Sharpe Ratio is 1.53, which is comparable to the VRIF.TO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FCGI.TO and VRIF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCGI.TO	VRIF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.52	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.67	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.83	-1.01

Correlation

The correlation between FCGI.TO and VRIF.TO is 0.27, 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

FCGI.TO vs. VRIF.TO - Dividend Comparison

FCGI.TO's dividend yield for the trailing twelve months is around 3.08%, less than VRIF.TO's 3.80% yield.

	TTM	2025	2024	2023	2022	2021	2020
FCGI.TO Fidelity Global Monthly High Income ETF	3.08%	3.25%	3.21%	3.50%	3.71%	2.49%	2.74%
VRIF.TO Vanguard Retirement Income ETF Portfolio	3.80%	3.77%	3.96%	4.33%	4.72%	3.86%	1.27%

Drawdowns

FCGI.TO vs. VRIF.TO - Drawdown Comparison

The maximum FCGI.TO drawdown since its inception was -63.42%, which is greater than VRIF.TO's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for FCGI.TO and VRIF.TO.

Drawdown Indicators

	FCGI.TO	VRIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.42%	-16.19%	-47.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-4.55%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-11.16%	-16.19%	+5.03%
Current Drawdown Current decline from peak	-23.57%	-2.90%	-20.67%
Average Drawdown Average peak-to-trough decline	-43.27%	-3.96%	-39.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.18%	+0.78%

Volatility

FCGI.TO vs. VRIF.TO - Volatility Comparison

Fidelity Global Monthly High Income ETF (FCGI.TO) has a higher volatility of 3.29% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 3.04%. This indicates that FCGI.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCGI.TO	VRIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.04%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	5.44%	4.02%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	6.03%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.59%	6.19%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	6.23%	+16.40%