FCIQ.TO vs. FCCM.NEO
FCIQ.TO (Fidelity International High Quality ETF) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - FCIQ.TO is a International Equity fund actively managed by Fidelity, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. FCIQ.TO is actively managed, while FCCM.NEO is passively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 18.62%/yr for FCCM.NEO. At a 0.36 correlation, their price movements are largely independent. FCIQ.TO charges 0.45%/yr vs 0.38%/yr for FCCM.NEO.
Performance
FCIQ.TO vs. FCCM.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly higher than FCCM.NEO's 11.38% return.
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
FCCM.NEO
- 1D
- 0.39%
- 1M
- 0.05%
- 6M
- 6.14%
- YTD
- 11.38%
- 1Y
- 41.08%
- 3Y*
- 28.97%
- 5Y*
- 18.62%
- 10Y*
- —
FCIQ.TO vs. FCCM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 12.55% | 11.87% | 11.21% | 17.76% | -16.23% | 5.22% | 21.22% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 11.38% | 43.17% | 27.03% | 10.10% | -3.42% | 14.23% | 9.03% |
Correlation
The correlation between FCIQ.TO and FCCM.NEO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCIQ.TO vs. FCCM.NEO — Risk / Return Rank
FCIQ.TO
FCCM.NEO
FCIQ.TO vs. FCCM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and Fidelity Canadian Momentum Index ETF (FCCM.NEO). 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.
| FCIQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.46 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.34 | -1.87 |
| Martin ratioReturn relative to average drawdown | 4.02 | 13.98 | -9.95 |
Loading charts...
Drawdowns
FCIQ.TO vs. FCCM.NEO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, which is greater than FCCM.NEO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and FCCM.NEO.
Loading charts...
Drawdown Indicators
| FCIQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -16.59% | -16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -12.36% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -12.36% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | -16.59% | -16.29% |
Current DrawdownCurrent decline from peak | -1.23% | -0.95% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -2.59% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.95% | +0.30% |
Volatility
FCIQ.TO vs. FCCM.NEO - Volatility Comparison
Fidelity International High Quality ETF (FCIQ.TO) has a higher volatility of 3.76% compared to Fidelity Canadian Momentum Index ETF (FCCM.NEO) at 2.95%. This indicates that FCIQ.TO's price experiences larger fluctuations and is considered to be riskier than FCCM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCIQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.95% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 13.53% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 16.44% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 13.70% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 13.49% | +3.07% |
FCIQ.TO vs. FCCM.NEO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than FCCM.NEO's 0.38% expense ratio.
Dividends
FCIQ.TO vs. FCCM.NEO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, more than FCCM.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.82% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% | 0.00% |
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% |
Frequently Asked Questions
FCIQ.TO and FCCM.NEO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCM.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCM.NEO is cheaper with a 0.38% expense ratio, compared with 0.45% for FCIQ.TO.
FCIQ.TO is categorized as International Equity, while FCCM.NEO is Momentum. Their fees differ too: 0.45% for FCIQ.TO and 0.38% for FCCM.NEO.
Find the right allocation for FCIQ.TO and FCCM.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer