FCQH.TO vs. FCIM.NEO
FCQH.TO (Fidelity U.S. High Quality Currency Neutral ETF) and FCIM.NEO (Fidelity International Momentum Index ETF) are both exchange-traded funds - FCQH.TO is a Large Cap Blend Equities fund actively managed by Fidelity, while FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index. FCQH.TO is actively managed, while FCIM.NEO is passively managed. Over the past 5 years, FCQH.TO returned 9.60%/yr vs 17.67%/yr for FCIM.NEO. At a 0.34 correlation, their price movements are largely independent. FCQH.TO charges 0.38%/yr vs 0.45%/yr for FCIM.NEO.
Performance
FCQH.TO vs. FCIM.NEO - Performance Comparison
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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 FCIM.NEO's 20.84% 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*
- —
FCIM.NEO
- 1D
- 0.10%
- 1M
- -2.15%
- 6M
- 11.27%
- YTD
- 20.84%
- 1Y
- 38.88%
- 3Y*
- 29.47%
- 5Y*
- 17.67%
- 10Y*
- —
FCQH.TO vs. FCIM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCQH.TO Fidelity U.S. High Quality Currency Neutral ETF | 5.08% | 9.95% | 22.06% | 21.43% | -17.97% | 33.05% | 8.34% |
FCIM.NEO Fidelity International Momentum Index ETF | 20.84% | 37.03% | 25.38% | 16.54% | -12.40% | 10.86% | 18.15% |
Correlation
The correlation between FCQH.TO and FCIM.NEO 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 (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.34 |
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Return for Risk
FCQH.TO vs. FCIM.NEO — Risk / Return Rank
FCQH.TO
FCIM.NEO
FCQH.TO vs. FCIM.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 International Momentum Index ETF (FCIM.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.TO | FCIM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.96 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.77 | 11.29 | -7.52 |
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Drawdowns
FCQH.TO vs. FCIM.NEO - Drawdown Comparison
The maximum FCQH.TO drawdown since its inception was -30.90%, which is greater than FCIM.NEO's maximum drawdown of -26.89%. Use the drawdown chart below to compare losses from any high point for FCQH.TO and FCIM.NEO.
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Drawdown Indicators
| FCQH.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.90% | -26.89% | -4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -13.21% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.32% | -13.21% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -26.89% | -0.07% |
Current DrawdownCurrent decline from peak | -0.67% | -5.21% | +4.54% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -5.38% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 3.45% | -0.77% |
Volatility
FCQH.TO vs. FCIM.NEO - Volatility Comparison
The current volatility for Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO) is 4.27%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 6.80%. This indicates that FCQH.TO experiences smaller price fluctuations and is considered to be less risky than FCIM.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.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 6.80% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 17.42% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 19.57% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 17.55% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 16.93% | +18.93% |
FCQH.TO vs. FCIM.NEO - Expense Ratio Comparison
FCQH.TO has a 0.38% expense ratio, which is lower than FCIM.NEO's 0.45% expense ratio.
Dividends
FCQH.TO vs. FCIM.NEO - Dividend Comparison
FCQH.TO's dividend yield for the trailing twelve months is around 0.69%, less than FCIM.NEO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 1.32% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% | 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 FCIM.NEO 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.
On fees, FCQH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCQH.TO is cheaper with a 0.38% expense ratio, compared with 0.45% for FCIM.NEO.
FCQH.TO is categorized as Large Cap Blend Equities, while FCIM.NEO is Momentum. Their fees differ too: 0.38% for FCQH.TO and 0.45% for FCIM.NEO.
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