FCIQ.TO vs. FCMO.NEO
FCIQ.TO (Fidelity International High Quality ETF) and FCMO.NEO (Fidelity US Momentum ETF) are both exchange-traded funds - FCIQ.TO is a International Equity fund actively managed by Fidelity, while FCMO.NEO is a Momentum fund tracking the Fidelity Canada U.S. Momentum Index. FCIQ.TO is actively managed, while FCMO.NEO is passively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 17.92%/yr for FCMO.NEO. At a 0.40 correlation, their price movements are largely independent. FCIQ.TO charges 0.45%/yr vs 0.38%/yr for FCMO.NEO.
Performance
FCIQ.TO vs. FCMO.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly lower than FCMO.NEO's 20.14% 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*
- —
FCMO.NEO
- 1D
- -0.65%
- 1M
- -1.58%
- 6M
- 15.32%
- YTD
- 20.14%
- 1Y
- 29.41%
- 3Y*
- 31.97%
- 5Y*
- 17.92%
- 10Y*
- —
FCIQ.TO vs. FCMO.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% | 18.40% |
FCMO.NEO Fidelity US Momentum ETF | 20.14% | 13.77% | 53.26% | 13.09% | -14.21% | 16.13% | -61.16% |
Correlation
The correlation between FCIQ.TO and FCMO.NEO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.40 |
The correlation between FCIQ.TO and FCMO.NEO shifts across timeframes, from 0.40 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCIQ.TO vs. FCMO.NEO — Risk / Return Rank
FCIQ.TO
FCMO.NEO
FCIQ.TO vs. FCMO.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 US Momentum ETF (FCMO.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 | FCMO.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.71 | -1.24 |
| Martin ratioReturn relative to average drawdown | 4.02 | 9.01 | -4.99 |
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Drawdowns
FCIQ.TO vs. FCMO.NEO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, smaller than the maximum FCMO.NEO drawdown of -67.39%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and FCMO.NEO.
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Drawdown Indicators
| FCIQ.TO | FCMO.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -67.39% | +34.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -10.91% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -21.82% | +8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | -26.93% | -5.95% |
Current DrawdownCurrent decline from peak | -1.23% | -8.56% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -48.77% | +41.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.27% | -0.02% |
Volatility
FCIQ.TO vs. FCMO.NEO - Volatility Comparison
The current volatility for Fidelity International High Quality ETF (FCIQ.TO) is 3.76%, while Fidelity US Momentum ETF (FCMO.NEO) has a volatility of 5.56%. This indicates that FCIQ.TO experiences smaller price fluctuations and is considered to be less risky than FCMO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIQ.TO | FCMO.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 5.56% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 16.89% | -4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 19.99% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 18.36% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 32.59% | -16.03% |
FCIQ.TO vs. FCMO.NEO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than FCMO.NEO's 0.38% expense ratio.
Dividends
FCIQ.TO vs. FCMO.NEO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, more than FCMO.NEO's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% |
FCMO.NEO Fidelity US Momentum ETF | 0.30% | 0.36% | 0.25% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% |
Frequently Asked Questions
FCIQ.TO and FCMO.NEO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMO.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMO.NEO is cheaper with a 0.38% expense ratio, compared with 0.45% for FCIQ.TO.
FCIQ.TO is categorized as International Equity, while FCMO.NEO is Momentum. Their fees differ too: 0.45% for FCIQ.TO and 0.38% for FCMO.NEO.
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