FCMI.TO vs. FGRO.NEO
FCMI.TO (Fidelity Canadian Monthly High Income ETF) and FGRO.NEO (Fidelity All-in-One Growth ETF) are both exchange-traded funds - FCMI.TO is a Canada Equities fund actively managed by Fidelity, while FGRO.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FCMI.TO returned 8.04%/yr vs 13.48%/yr for FGRO.NEO. At a 0.21 correlation, their price movements are largely independent. FCMI.TO charges 0.50%/yr vs 0.42%/yr for FGRO.NEO.
Performance
FCMI.TO vs. FGRO.NEO - 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 lower than FGRO.NEO's 10.79% 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*
- —
FGRO.NEO
- 1D
- 0.11%
- 1M
- 0.53%
- 6M
- 6.87%
- YTD
- 10.79%
- 1Y
- 21.75%
- 3Y*
- 20.57%
- 5Y*
- 13.48%
- 10Y*
- —
FCMI.TO vs. FGRO.NEO - 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% | 13.61% |
FGRO.NEO Fidelity All-in-One Growth ETF | 10.79% | 17.00% | 25.97% | 16.92% | -8.80% | 16.52% |
Correlation
The correlation between FCMI.TO and FGRO.NEO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.21 |
The correlation between FCMI.TO and FGRO.NEO shifts across timeframes, from 0.21 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCMI.TO vs. FGRO.NEO — Risk / Return Rank
FCMI.TO
FGRO.NEO
FCMI.TO vs. FGRO.NEO - 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 All-in-One Growth ETF (FGRO.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.
| FCMI.TO | FGRO.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.38 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 2.90 | +2.47 |
| Martin ratioReturn relative to average drawdown | 20.61 | 12.06 | +8.55 |
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Drawdowns
FCMI.TO vs. FGRO.NEO - Drawdown Comparison
The maximum FCMI.TO drawdown since its inception was -63.80%, which is greater than FGRO.NEO's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for FCMI.TO and FGRO.NEO.
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Drawdown Indicators
| FCMI.TO | FGRO.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.80% | -17.50% | -46.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -7.54% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -11.45% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -17.50% | +7.50% |
Current DrawdownCurrent decline from peak | -18.96% | -1.61% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -41.60% | -3.11% | -38.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.81% | -0.87% |
Volatility
FCMI.TO vs. FGRO.NEO - Volatility Comparison
The current volatility for Fidelity Canadian Monthly High Income ETF (FCMI.TO) is 2.10%, while Fidelity All-in-One Growth ETF (FGRO.NEO) has a volatility of 2.50%. This indicates that FCMI.TO experiences smaller price fluctuations and is considered to be less risky than FGRO.NEO 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 | FGRO.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.50% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 8.72% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 10.51% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 10.64% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 10.43% | +11.77% |
FCMI.TO vs. FGRO.NEO - Expense Ratio Comparison
FCMI.TO has a 0.50% expense ratio, which is higher than FGRO.NEO's 0.42% expense ratio.
Dividends
FCMI.TO vs. FGRO.NEO - Dividend Comparison
FCMI.TO's dividend yield for the trailing twelve months is around 3.28%, more than FGRO.NEO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
FGRO.NEO Fidelity All-in-One Growth ETF | 1.12% | 1.24% | 1.09% | 1.39% | 1.82% | 0.94% | 0.00% |
Frequently Asked Questions
FCMI.TO and FGRO.NEO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FGRO.NEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FGRO.NEO is cheaper with a 0.42% expense ratio, compared with 0.50% for FCMI.TO.
FCMI.TO is categorized as Canada Equities, while FGRO.NEO is Diversified Portfolio. Their fees differ too: 0.50% for FCMI.TO and 0.42% for FGRO.NEO.
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