FCR-UN.TO vs. AI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about First Capital Real Estate Investment Trust (FCR-UN.TO) and Atrium Mortgage Investment Corporation (AI.TO).

Performance

FCR-UN.TO vs. AI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Capital Real Estate Investment Trust (FCR-UN.TO) and Atrium Mortgage Investment Corporation (AI.TO). The values are adjusted to include any dividend payments, if applicable.

FCR-UN.TO vs. AI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCR-UN.TO First Capital Real Estate Investment Trust	9.92%	17.08%	16.59%	-3.27%	-7.64%	42.71%	-30.44%	13.36%	-4.95%	4.62%
AI.TO Atrium Mortgage Investment Corporation	0.98%	15.34%	12.42%	6.32%	-17.74%	18.44%	-5.58%	23.01%	7.71%	10.84%

Fundamentals

Market Cap FCR-UN.TO : CA$4.38B AI.TO : CA$639.96M
EPS FCR-UN.TO : CA$4.99 AI.TO : CA$0.94
PE Ratio FCR-UN.TO : 4.13 AI.TO : 12.33
PEG Ratio FCR-UN.TO : 0.00 AI.TO : 7.63
PS Ratio FCR-UN.TO : 5.91 AI.TO : 7.49
PB Ratio FCR-UN.TO : 0.91 AI.TO : 1.22
Total Revenue (TTM) FCR-UN.TO : CA$743.81M AI.TO : CA$80.78M
Gross Profit (TTM) FCR-UN.TO : CA$470.51M AI.TO : CA$63.73M
EBITDA (TTM) FCR-UN.TO : CA$447.26M AI.TO : CA$59.12M

Returns By Period

In the year-to-date period, FCR-UN.TO achieves a 9.92% return, which is significantly higher than AI.TO's 0.98% return. Over the past 10 years, FCR-UN.TO has underperformed AI.TO with an annualized return of 4.37%, while AI.TO has yielded a comparatively higher 7.78% annualized return.

FCR-UN.TO

• 1D: 1.28%
• 1M: -3.60%
• YTD: 9.92%
• 6M: 6.31%
• 1Y: 30.60%
• 3Y*: 15.26%
• 5Y*: 9.30%
• 10Y*: 4.37%

AI.TO

• 1D: 0.44%
• 1M: -2.78%
• YTD: 0.98%
• 6M: 2.27%
• 1Y: 17.31%
• 3Y*: 6.95%
• 5Y*: 5.17%
• 10Y*: 7.78%

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

Return for Risk

FCR-UN.TO vs. AI.TO — Risk / Return Rank

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

FCR-UN.TO

FCR-UN.TO Risk / Return Rank: 89
FCR-UN.TO Sharpe Ratio Rank: 90
FCR-UN.TO Sortino Ratio Rank: 88
FCR-UN.TO Omega Ratio Rank: 84
FCR-UN.TO Calmar Ratio Rank: 91
FCR-UN.TO Martin Ratio Rank: 92

AI.TO

AI.TO Risk / Return Rank: 84
AI.TO Sharpe Ratio Rank: 84
AI.TO Sortino Ratio Rank: 80
AI.TO Omega Ratio Rank: 81
AI.TO Calmar Ratio Rank: 87
AI.TO Martin Ratio Rank: 88

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.

FCR-UN.TO vs. AI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Capital Real Estate Investment Trust (FCR-UN.TO) and Atrium Mortgage Investment Corporation (AI.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.

	FCR-UN.TO	AI.TO	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.48	+0.40
Sortino ratio Return per unit of downside risk	2.62	2.05	+0.57
Omega ratio Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio Return relative to maximum drawdown	3.99	3.20	+0.79
Martin ratio Return relative to average drawdown	12.71	9.28	+3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCR-UN.TO vs. AI.TO - Sharpe Ratio Comparison

The current FCR-UN.TO Sharpe Ratio is 1.88, which is comparable to the AI.TO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FCR-UN.TO and AI.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

	FCR-UN.TO	AI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.48	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.32	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.38	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.42	-0.08

Correlation

The correlation between FCR-UN.TO and AI.TO is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FCR-UN.TO vs. AI.TO - Dividend Comparison

FCR-UN.TO's dividend yield for the trailing twelve months is around 3.97%, less than AI.TO's 7.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCR-UN.TO First Capital Real Estate Investment Trust	3.97%	4.70%	5.09%	5.63%	3.43%	2.29%	6.38%	3.47%	4.56%	4.15%	4.16%	4.69%
AI.TO Atrium Mortgage Investment Corporation	7.44%	8.08%	8.28%	8.56%	8.39%	6.41%	7.11%	6.21%	7.15%	6.99%	7.11%	7.37%

Drawdowns

FCR-UN.TO vs. AI.TO - Drawdown Comparison

The maximum FCR-UN.TO drawdown since its inception was -63.96%, which is greater than AI.TO's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for FCR-UN.TO and AI.TO.

Drawdown Indicators

	FCR-UN.TO	AI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.96%	-53.30%	-10.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-5.29%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	-25.87%	-3.51%
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	-53.30%	+3.50%
Current Drawdown Current decline from peak	-3.60%	-3.28%	-0.32%
Average Drawdown Average peak-to-trough decline	-15.37%	-6.11%	-9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	1.83%	+0.59%

Volatility

FCR-UN.TO vs. AI.TO - Volatility Comparison

First Capital Real Estate Investment Trust (FCR-UN.TO) has a higher volatility of 5.02% compared to Atrium Mortgage Investment Corporation (AI.TO) at 4.42%. This indicates that FCR-UN.TO's price experiences larger fluctuations and is considered to be riskier than AI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCR-UN.TO	AI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	4.42%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	7.58%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	11.79%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	16.32%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	20.54%	+1.82%

Financials