FCMI.TO vs. FBTC.TO
FCMI.TO (Fidelity Canadian Monthly High Income ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCMI.TO is a Canada Equities fund actively managed by Fidelity, while FBTC.TO is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FCMI.TO returned 13.93%/yr vs 31.16%/yr for FBTC.TO. At a 0.06 correlation, their price movements are largely independent. FCMI.TO charges 0.50%/yr vs 0.40%/yr for FBTC.TO.
Performance
FCMI.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCMI.TO achieves a 9.25% return, which is significantly higher than FBTC.TO's -24.22% return.
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
FBTC.TO
- 1D
- 0.44%
- 1M
- -2.44%
- 6M
- -32.82%
- YTD
- -24.22%
- 1Y
- -43.09%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
FCMI.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 4.07% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.22% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between FCMI.TO and FBTC.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.06 |
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Return for Risk
FCMI.TO vs. FBTC.TO — Risk / Return Rank
FCMI.TO
FBTC.TO
FCMI.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Monthly High Income ETF (FCMI.TO) and Fidelity Advantage Bitcoin ETF (FBTC.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.
| FCMI.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +6.21 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 0.84 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | -0.82 | +6.18 |
| Martin ratioReturn relative to average drawdown | 20.61 | -1.28 | +21.89 |
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Drawdowns
FCMI.TO vs. FBTC.TO - Drawdown Comparison
The maximum FCMI.TO drawdown since its inception was -63.80%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCMI.TO and FBTC.TO.
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Drawdown Indicators
| FCMI.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.80% | -70.77% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -52.71% | +49.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -52.71% | +46.08% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | — | — |
Current DrawdownCurrent decline from peak | -18.96% | -48.26% | +29.30% |
Average DrawdownAverage peak-to-trough decline | -41.60% | -31.38% | -10.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 33.71% | -32.77% |
Volatility
FCMI.TO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity Canadian Monthly High Income ETF (FCMI.TO) is 2.10%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 10.29%. This indicates that FCMI.TO experiences smaller price fluctuations and is considered to be less risky than FBTC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCMI.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 10.29% | -8.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 33.54% | -28.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 43.74% | -37.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 52.10% | -44.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 52.10% | -29.90% |
FCMI.TO vs. FBTC.TO - Expense Ratio Comparison
FCMI.TO has a 0.50% expense ratio, which is higher than FBTC.TO's 0.40% expense ratio.
Dividends
FCMI.TO vs. FBTC.TO - Dividend Comparison
FCMI.TO's dividend yield for the trailing twelve months is around 3.28%, while FBTC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FCMI.TO and FBTC.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTC.TO is cheaper with a 0.40% expense ratio, compared with 0.50% for FCMI.TO.
FCMI.TO is categorized as Canada Equities, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.50% for FCMI.TO and 0.40% for FBTC.TO.
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