FCIM.NEO vs. CAGE.TO
FCIM.NEO (Fidelity International Momentum Index ETF) and CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) are both exchange-traded funds - FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index, while CAGE.TO is a Global Equities fund actively managed by Avantis. FCIM.NEO is passively managed, while CAGE.TO is actively managed. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
FCIM.NEO vs. CAGE.TO - Performance Comparison
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Returns By Period
FCIM.NEO
- 1D
- 0.48%
- 1M
- 6.20%
- YTD
- 20.61%
- 6M
- 23.45%
- 1Y
- 38.70%
- 3Y*
- 31.32%
- 5Y*
- 18.33%
- 10Y*
- —
CAGE.TO
- 1D
- 0.67%
- 1M
- 5.30%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCIM.NEO vs. CAGE.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 12.92% |
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF | 12.46% |
Correlation
The correlation between FCIM.NEO and CAGE.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026 | 0.69 |
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Return for Risk
FCIM.NEO vs. CAGE.TO — Risk / Return Rank
FCIM.NEO
CAGE.TO
FCIM.NEO vs. CAGE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Momentum Index ETF (FCIM.NEO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.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.
| FCIM.NEO | CAGE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | — | — |
| Martin ratioReturn relative to average drawdown | 12.01 | — | — |
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
| FCIM.NEO | CAGE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 4.71 | -3.57 |
Drawdowns
FCIM.NEO vs. CAGE.TO - Drawdown Comparison
The maximum FCIM.NEO drawdown since its inception was -26.89%, which is greater than CAGE.TO's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for FCIM.NEO and CAGE.TO.
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Drawdown Indicators
| FCIM.NEO | CAGE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.89% | -2.93% | -23.96% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.31% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -0.73% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | — | — |
Volatility
FCIM.NEO vs. CAGE.TO - Volatility Comparison
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Volatility by Period
| FCIM.NEO | CAGE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 15.63% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 15.63% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 15.63% | +0.82% |
Dividends
FCIM.NEO vs. CAGE.TO - Dividend Comparison
FCIM.NEO's dividend yield for the trailing twelve months is around 1.32%, while CAGE.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCIM.NEO Fidelity International Momentum Index ETF | 1.32% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% |
Frequently Asked Questions
FCIM.NEO and CAGE.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCIM.NEO is categorized as Momentum, while CAGE.TO is Global Equities. They also come from different issuers: Fidelity and Avantis.
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