FCIM.NEO vs. FCMI.TO
FCIM.NEO (Fidelity International Momentum Index ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. FCIM.NEO is passively managed, while FCMI.TO is actively managed. Over the past 5 years, FCIM.NEO returned 17.67%/yr vs 8.04%/yr for FCMI.TO. At a 0.15 correlation, their price movements are largely independent. FCIM.NEO charges 0.45%/yr vs 0.50%/yr for FCMI.TO.
Performance
FCIM.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIM.NEO achieves a 20.84% return, which is significantly higher than FCMI.TO's 9.25% return.
FCIM.NEO
- 1D
- 0.10%
- 1M
- -2.15%
- 6M
- 11.27%
- YTD
- 20.84%
- 1Y
- 38.88%
- 3Y*
- 29.47%
- 5Y*
- 17.67%
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
FCIM.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 20.84% | 37.03% | 25.38% | 16.54% | -12.40% | 10.86% | 18.15% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 15.26% | 13.07% |
Correlation
The correlation between FCIM.NEO and FCMI.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.15 |
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Return for Risk
FCIM.NEO vs. FCMI.TO — Risk / Return Rank
FCIM.NEO
FCMI.TO
FCIM.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Momentum Index ETF (FCIM.NEO) and Fidelity Canadian Monthly High Income ETF (FCMI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCIM.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.80 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 5.36 | -2.41 |
| Martin ratioReturn relative to average drawdown | 11.29 | 20.61 | -9.32 |
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Drawdowns
FCIM.NEO vs. FCMI.TO - Drawdown Comparison
The maximum FCIM.NEO drawdown since its inception was -26.89%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FCIM.NEO and FCMI.TO.
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Drawdown Indicators
| FCIM.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.89% | -63.80% | +36.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -3.62% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.21% | -6.63% | -6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -10.00% | -16.89% |
Current DrawdownCurrent decline from peak | -5.21% | -18.96% | +13.75% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -41.60% | +36.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 0.94% | +2.51% |
Volatility
FCIM.NEO vs. FCMI.TO - Volatility Comparison
Fidelity International Momentum Index ETF (FCIM.NEO) has a higher volatility of 6.80% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that FCIM.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIM.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 2.10% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.42% | 4.99% | +12.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 6.39% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 7.80% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 22.20% | -5.27% |
FCIM.NEO vs. FCMI.TO - Expense Ratio Comparison
FCIM.NEO has a 0.45% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
FCIM.NEO vs. FCMI.TO - Dividend Comparison
FCIM.NEO's dividend yield for the trailing twelve months is around 1.32%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 1.32% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
Frequently Asked Questions
FCIM.NEO and FCMI.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCIM.NEO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCIM.NEO is cheaper with a 0.45% expense ratio, compared with 0.50% for FCMI.TO.
FCIM.NEO is categorized as Momentum, while FCMI.TO is Canada Equities. Their fees differ too: 0.45% for FCIM.NEO and 0.50% for FCMI.TO.
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