FCMO.NEO vs. FCIV.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity US Momentum ETF (FCMO.NEO) and Fidelity International Value ETF (FCIV.TO).

FCMO.NEO and FCIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCMO.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. Momentum Index. It was launched on Jun 5, 2020. FCIV.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada International Value Index. It was launched on Jun 3, 2025. Both FCMO.NEO and FCIV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FCMO.NEO vs. FCIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity US Momentum ETF (FCMO.NEO) and Fidelity International Value ETF (FCIV.TO). The values are adjusted to include any dividend payments, if applicable.

FCMO.NEO vs. FCIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCMO.NEO Fidelity US Momentum ETF	0.94%	14.07%	26.59%
FCIV.TO Fidelity International Value ETF	10.96%	33.59%	-0.09%

Returns By Period

In the year-to-date period, FCMO.NEO achieves a 0.94% return, which is significantly lower than FCIV.TO's 10.96% return.

FCMO.NEO

• 1D: 1.46%
• 1M: -4.10%
• YTD: 0.94%
• 6M: -0.31%
• 1Y: 19.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCIV.TO

• 1D: 0.83%
• 1M: -0.68%
• YTD: 10.96%
• 6M: 13.21%
• 1Y: 31.67%
• 3Y*: 21.49%
• 5Y*: 15.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCMO.NEO vs. FCIV.TO - Expense Ratio Comparison

FCMO.NEO has a 0.38% expense ratio, which is lower than FCIV.TO's 0.45% expense ratio.

FCIV.TO

Fidelity International Value ETF

FCMO.NEO

Fidelity US Momentum ETF

Return for Risk

FCMO.NEO vs. FCIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCMO.NEO

FCMO.NEO Risk / Return Rank: 45
FCMO.NEO Sharpe Ratio Rank: 41
FCMO.NEO Sortino Ratio Rank: 42
FCMO.NEO Omega Ratio Rank: 44
FCMO.NEO Calmar Ratio Rank: 51
FCMO.NEO Martin Ratio Rank: 48

FCIV.TO

FCIV.TO Risk / Return Rank: 84
FCIV.TO Sharpe Ratio Rank: 85
FCIV.TO Sortino Ratio Rank: 84
FCIV.TO Omega Ratio Rank: 85
FCIV.TO Calmar Ratio Rank: 79
FCIV.TO Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCMO.NEO vs. FCIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Momentum ETF (FCMO.NEO) and Fidelity International Value ETF (FCIV.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.

	FCMO.NEO	FCIV.TO	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.78	-0.97
Sortino ratio Return per unit of downside risk	1.26	2.32	-1.06
Omega ratio Gain probability vs. loss probability	1.18	1.35	-0.17
Calmar ratio Return relative to maximum drawdown	1.45	2.39	-0.93
Martin ratio Return relative to average drawdown	5.08	11.18	-6.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCMO.NEO vs. FCIV.TO - Sharpe Ratio Comparison

The current FCMO.NEO Sharpe Ratio is 0.81, which is lower than the FCIV.TO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of FCMO.NEO and FCIV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCMO.NEO	FCIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.78	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.01	-0.01

Correlation

The correlation between FCMO.NEO and FCIV.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FCMO.NEO vs. FCIV.TO - Dividend Comparison

FCMO.NEO's dividend yield for the trailing twelve months is around 0.36%, less than FCIV.TO's 1.87% yield.

	TTM	2025	2024	2023	2022	2021	2020
FCMO.NEO Fidelity US Momentum ETF	0.36%	0.36%	0.25%	0.00%	0.00%	0.00%	0.00%
FCIV.TO Fidelity International Value ETF	1.87%	2.08%	2.80%	3.63%	3.45%	2.97%	0.90%

Drawdowns

FCMO.NEO vs. FCIV.TO - Drawdown Comparison

The maximum FCMO.NEO drawdown since its inception was -21.77%, smaller than the maximum FCIV.TO drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for FCMO.NEO and FCIV.TO.

Drawdown Indicators

	FCMO.NEO	FCIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-24.27%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-13.01%	-0.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.27%	—
Current Drawdown Current decline from peak	-5.35%	-2.65%	-2.70%
Average Drawdown Average peak-to-trough decline	-3.12%	-4.10%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	2.81%	+1.16%

Volatility

FCMO.NEO vs. FCIV.TO - Volatility Comparison

Fidelity US Momentum ETF (FCMO.NEO) has a higher volatility of 8.84% compared to Fidelity International Value ETF (FCIV.TO) at 6.38%. This indicates that FCMO.NEO's price experiences larger fluctuations and is considered to be riskier than FCIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCMO.NEO	FCIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.84%	6.38%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	14.74%	11.73%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	24.21%	17.89%	+6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	15.15%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	15.59%	+5.09%