FCRR.TO vs. FCIM.NEO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and FCIM.NEO (Fidelity International Momentum Index ETF) are both exchange-traded funds - FCRR.TO is a Dividend fund actively managed by Fidelity, while FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index. FCRR.TO is actively managed, while FCIM.NEO is passively managed. Over the past 5 years, FCRR.TO returned 12.52%/yr vs 17.67%/yr for FCIM.NEO. At a 0.34 correlation, their price movements are largely independent. FCRR.TO charges 0.35%/yr vs 0.45%/yr for FCIM.NEO.
Performance
FCRR.TO vs. FCIM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly lower than FCIM.NEO's 20.84% return.
FCRR.TO
- 1D
- -0.03%
- 1M
- 0.87%
- 6M
- 12.05%
- YTD
- 14.88%
- 1Y
- 15.20%
- 3Y*
- 17.64%
- 5Y*
- 12.52%
- 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*
- —
FCRR.TO vs. FCIM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -6.47% | 29.36% | 9.26% |
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 FCRR.TO and FCIM.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 | 0.33 |
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
FCRR.TO vs. FCIM.NEO — Risk / Return Rank
FCRR.TO
FCIM.NEO
FCRR.TO vs. FCIM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.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.
| FCRR.TO | FCIM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.96 | -2.14 |
| Martin ratioReturn relative to average drawdown | 1.64 | 11.29 | -9.65 |
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Drawdowns
FCRR.TO vs. FCIM.NEO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, 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 FCRR.TO and FCIM.NEO.
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Drawdown Indicators
| FCRR.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -26.89% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -13.21% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -13.21% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -26.89% | +8.28% |
Current DrawdownCurrent decline from peak | -3.84% | -5.21% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -5.38% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 3.45% | +5.84% |
Volatility
FCRR.TO vs. FCIM.NEO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 6.80%. This indicates that FCRR.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
| FCRR.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 6.80% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 17.42% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 19.57% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 17.55% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 16.93% | -0.11% |
FCRR.TO vs. FCIM.NEO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is lower than FCIM.NEO's 0.45% expense ratio.
Dividends
FCRR.TO vs. FCIM.NEO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, more than FCIM.NEO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 1.32% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% | 0.00% | 0.00% |
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 1.55% | 1.86% | 1.65% | 2.01% | 2.08% | 1.59% | 2.53% | 2.27% | 0.61% |
Frequently Asked Questions
FCRR.TO and FCIM.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.
On fees, FCRR.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCRR.TO is cheaper with a 0.35% expense ratio, compared with 0.45% for FCIM.NEO.
FCRR.TO is categorized as Dividend, while FCIM.NEO is Momentum. Their fees differ too: 0.35% for FCRR.TO and 0.45% for FCIM.NEO.
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