FCMI.TO vs. HVOI.TO
FCMI.TO (Fidelity Canadian Monthly High Income ETF) and HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) are both Canada Equities funds. Both are actively managed. Over the past year, FCMI.TO returned 19.31% vs 19.56% for HVOI.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
FCMI.TO vs. HVOI.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 lower than HVOI.TO's 10.64% 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*
- —
HVOI.TO
- 1D
- 0.42%
- 1M
- 2.06%
- 6M
- 9.50%
- YTD
- 10.64%
- 1Y
- 19.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCMI.TO vs. HVOI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 18.83% |
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 10.64% | 15.49% |
Correlation
The correlation between FCMI.TO and HVOI.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.32 |
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Return for Risk
FCMI.TO vs. HVOI.TO — Risk / Return Rank
FCMI.TO
HVOI.TO
FCMI.TO vs. HVOI.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 Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.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 | HVOI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.43 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 2.92 | +2.44 |
| Martin ratioReturn relative to average drawdown | 20.61 | 11.71 | +8.90 |
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Drawdowns
FCMI.TO vs. HVOI.TO - Drawdown Comparison
The maximum FCMI.TO drawdown since its inception was -63.80%, which is greater than HVOI.TO's maximum drawdown of -6.72%. Use the drawdown chart below to compare losses from any high point for FCMI.TO and HVOI.TO.
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Drawdown Indicators
| FCMI.TO | HVOI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.80% | -6.72% | -57.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -6.72% | +3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | — | — |
Current DrawdownCurrent decline from peak | -18.96% | 0.00% | -18.96% |
Average DrawdownAverage peak-to-trough decline | -41.60% | -0.90% | -40.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.67% | -0.73% |
Volatility
FCMI.TO vs. HVOI.TO - Volatility Comparison
Fidelity Canadian Monthly High Income ETF (FCMI.TO) and Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) have volatilities of 2.10% and 2.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCMI.TO | HVOI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.07% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 7.05% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 8.70% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 8.33% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 8.33% | +13.87% |
Dividends
FCMI.TO vs. HVOI.TO - Dividend Comparison
FCMI.TO's dividend yield for the trailing twelve months is around 3.28%, less than HVOI.TO's 6.68% 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% |
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 6.68% | 4.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCMI.TO and HVOI.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Fidelity and Harvest.
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