FCIM.NEO vs. VDY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity International Momentum Index ETF (FCIM.NEO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).

FCIM.NEO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCIM.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International Momentum Index. It was launched on Jun 5, 2020. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both FCIM.NEO and VDY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FCIM.NEO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity International Momentum Index ETF (FCIM.NEO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

FCIM.NEO vs. VDY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCIM.NEO Fidelity International Momentum Index ETF	7.74%	37.03%	25.38%	16.54%	-12.40%	10.86%	-60.82%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	9.07%	29.20%	20.71%	8.40%	-0.23%	36.78%	7.05%

Returns By Period

In the year-to-date period, FCIM.NEO achieves a 7.74% return, which is significantly lower than VDY.TO's 9.07% return.

FCIM.NEO

• 1D: 3.44%
• 1M: -7.35%
• YTD: 7.74%
• 6M: 15.87%
• 1Y: 32.19%
• 3Y*: 26.47%
• 5Y*: 16.26%
• 10Y*: —

VDY.TO

• 1D: 1.12%
• 1M: 0.19%
• YTD: 9.07%
• 6M: 16.25%
• 1Y: 39.26%
• 3Y*: 22.01%
• 5Y*: 16.73%
• 10Y*: 13.53%

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

FCIM.NEO vs. VDY.TO - Expense Ratio Comparison

FCIM.NEO has a 0.45% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

FCIM.NEO

Fidelity International Momentum Index ETF

VDY.TO

Vanguard FTSE Canadian High Dividend Yield Index ETF

Return for Risk

FCIM.NEO vs. VDY.TO — Risk / Return Rank

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

FCIM.NEO

FCIM.NEO Risk / Return Rank: 86
FCIM.NEO Sharpe Ratio Rank: 87
FCIM.NEO Sortino Ratio Rank: 90
FCIM.NEO Omega Ratio Rank: 86
FCIM.NEO Calmar Ratio Rank: 84
FCIM.NEO Martin Ratio Rank: 84

VDY.TO

VDY.TO Risk / Return Rank: 97
VDY.TO Sharpe Ratio Rank: 98
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 95
VDY.TO Martin Ratio Rank: 98

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.

FCIM.NEO vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Momentum Index ETF (FCIM.NEO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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	VDY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.79	3.58	-1.79
Sortino ratio Return per unit of downside risk	2.54	4.31	-1.77
Omega ratio Gain probability vs. loss probability	1.34	1.77	-0.42
Calmar ratio Return relative to maximum drawdown	2.47	4.00	-1.53
Martin ratio Return relative to average drawdown	9.60	22.92	-13.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCIM.NEO vs. VDY.TO - Sharpe Ratio Comparison

The current FCIM.NEO Sharpe Ratio is 1.79, which is lower than the VDY.TO Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of FCIM.NEO and VDY.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

	FCIM.NEO	VDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	3.58	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	1.47	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.80	-0.90

Correlation

The correlation between FCIM.NEO and VDY.TO is 0.38, 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

FCIM.NEO vs. VDY.TO - Dividend Comparison

FCIM.NEO's dividend yield for the trailing twelve months is around 1.48%, less than VDY.TO's 3.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCIM.NEO Fidelity International Momentum Index ETF	1.48%	1.59%	1.26%	1.70%	1.86%	2.70%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	3.51%	3.59%	4.40%	4.64%	4.42%	3.58%	4.59%	4.25%	4.43%	3.82%	3.25%	4.11%

Drawdowns

FCIM.NEO vs. VDY.TO - Drawdown Comparison

The maximum FCIM.NEO drawdown since its inception was -67.91%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for FCIM.NEO and VDY.TO.

Drawdown Indicators

	FCIM.NEO	VDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-67.91%	-39.21%	-28.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.21%	-10.07%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-26.89%	-16.18%	-10.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.21%	—
Current Drawdown Current decline from peak	-18.52%	-0.55%	-17.97%
Average Drawdown Average peak-to-trough decline	-52.34%	-4.67%	-47.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	1.76%	+1.64%

Volatility

FCIM.NEO vs. VDY.TO - Volatility Comparison

Fidelity International Momentum Index ETF (FCIM.NEO) has a higher volatility of 8.40% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.37%. This indicates that FCIM.NEO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCIM.NEO	VDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	3.37%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	6.43%	+5.72%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	11.03%	+7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	11.49%	+5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	15.96%	+16.33%