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FCQH.TO vs. FCCM.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCQH.TO vs. FCCM.NEO

Last updated Jul 16, 2026
Documentation

FCQH.TO (Fidelity U.S. High Quality Currency Neutral ETF) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - FCQH.TO is a Large Cap Blend Equities fund actively managed by Fidelity, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. FCQH.TO is actively managed, while FCCM.NEO is passively managed. Over the past 5 years, FCQH.TO returned 9.60%/yr vs 18.62%/yr for FCCM.NEO. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.38% expense ratio.

Performance

FCQH.TO vs. FCCM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) and Fidelity Canadian Momentum Index ETF (FCCM.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCQH.TO achieves a 5.08% return, which is significantly lower than FCCM.NEO's 11.38% return.

FCQH.TO

1D
-0.15%
1M
-0.15%
6M
5.76%
YTD
5.08%
1Y
10.06%
3Y*
13.98%
5Y*
9.60%
10Y*
—

FCCM.NEO

1D
0.39%
1M
0.05%
6M
6.14%
YTD
11.38%
1Y
41.08%
3Y*
28.97%
5Y*
18.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCQH.TO vs. FCCM.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCQH.TO
Fidelity U.S. High Quality Currency Neutral ETF		5.08%9.95%22.06%21.43%-17.97%33.05%0.96%
FCCM.NEO
Fidelity Canadian Momentum Index ETF		11.38%43.17%27.03%10.10%-3.42%14.23%9.03%

Correlation

The correlation between FCQH.TO and FCCM.NEO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2020

0.27

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity U.S. High Quality Currency Neutral ETF

Fidelity Canadian Momentum Index ETF

Often compared with FCCM.NEO:
FCCM.NEO vs. SPMOFCCM.NEO vs. WXM.TOFCCM.NEO vs. VCN.TOFCCM.NEO vs. VMO.TOFCCM.NEO vs. MGNRFCCM.NEO vs. CMGG.TOFCCM.NEO vs. FINN.NEO

Return for Risk

FCQH.TO vs. FCCM.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCQH.TO
FCQH.TO Risk / Return Rank: 2626
Overall Rank
FCQH.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FCQH.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
FCQH.TO Omega Ratio Rank: 2828
Omega Ratio Rank
FCQH.TO Calmar Ratio Rank: 2323
Calmar Ratio Rank
FCQH.TO Martin Ratio Rank: 3131
Martin Ratio Rank
FCCM.NEO
FCCM.NEO Risk / Return Rank: 8787
Overall Rank
FCCM.NEO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FCCM.NEO Sortino Ratio Rank: 8989
Sortino Ratio Rank
FCCM.NEO Omega Ratio Rank: 9090
Omega Ratio Rank
FCCM.NEO Calmar Ratio Rank: 8080
Calmar Ratio Rank
FCCM.NEO Martin Ratio Rank: 8686
Martin Ratio Rank
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.

FCQH.TO vs. FCCM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) and Fidelity Canadian Momentum Index ETF (FCCM.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.

FCQH.TOFCCM.NEODifference
Sharpe ratioReturn per unit of total volatility
0.79
2.51

-1.72

Sortino ratioReturn per unit of downside risk
1.18
3.32

-2.14

Omega ratioGain probability vs. loss probability

1.16

1.46

-0.30

Calmar ratioReturn relative to maximum drawdown

0.92

3.34

-2.42

Martin ratioReturn relative to average drawdown

3.77

13.98

-10.21

FCQH.TO vs. FCCM.NEO - Sharpe Ratio Comparison

The current FCQH.TO Sharpe Ratio is 0.79, which is lower than the FCCM.NEO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FCQH.TO and FCCM.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FCQH.TO vs. FCCM.NEO - Drawdown Comparison

The maximum FCQH.TO drawdown since its inception was -30.90%, which is greater than FCCM.NEO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FCQH.TO and FCCM.NEO.

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Drawdown Indicators

FCQH.TOFCCM.NEODifference

Max Drawdown

Largest peak-to-trough decline

-30.90%

-16.59%

-14.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.02%

-12.36%

+1.34%

Max Drawdown (3Y)

Largest decline over 3 years

-15.32%

-12.36%

-2.96%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-16.59%

-10.37%

Current Drawdown

Current decline from peak

-0.67%

-0.95%

+0.28%

Average Drawdown

Average peak-to-trough decline

-5.98%

-2.59%

-3.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

2.95%

-0.27%

Volatility

FCQH.TO vs. FCCM.NEO - Volatility Comparison

Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) has a higher volatility of 4.27% compared to Fidelity Canadian Momentum Index ETF (FCCM.NEO) at 2.95%. This indicates that FCQH.TO's price experiences larger fluctuations and is considered to be riskier than FCCM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCQH.TOFCCM.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

2.95%

+1.32%

Volatility (6M)

Calculated over the trailing 6-month period

11.01%

13.53%

-2.52%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

16.44%

-3.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.93%

13.70%

+2.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.86%

13.49%

+22.37%

FCQH.TO vs. FCCM.NEO - Expense Ratio Comparison

Both FCQH.TO and FCCM.NEO have an expense ratio of 0.38%.

Dividends

FCQH.TO vs. FCCM.NEO - Dividend Comparison

FCQH.TO's dividend yield for the trailing twelve months is around 0.69%, less than FCCM.NEO's 0.82% yield.

PositionTTM2025202420232022202120202019
FCCM.NEO
Fidelity Canadian Momentum Index ETF		0.82%0.91%0.91%1.32%1.79%1.49%0.78%0.00%
FCQH.TO
Fidelity U.S. High Quality Currency Neutral ETF		0.69%0.58%0.80%0.87%1.13%0.80%1.18%0.88%

Frequently Asked Questions

FCQH.TO and FCCM.NEO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

FCQH.TO and FCCM.NEO have the same expense ratio: 0.38% per year.

FCQH.TO is categorized as Large Cap Blend Equities, while FCCM.NEO is Momentum.

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