FCSB.NEO vs. ESGB.TO
FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) and ESGB.TO (BMO ESG Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, FCSB.NEO returned 2.92%/yr vs 1.90%/yr for ESGB.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
FCSB.NEO vs. ESGB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCSB.NEO achieves a 1.49% return, which is significantly higher than ESGB.TO's 1.16% return.
FCSB.NEO
- 1D
- -0.04%
- 1M
- -0.04%
- 6M
- 0.94%
- YTD
- 1.49%
- 1Y
- 3.74%
- 3Y*
- 5.98%
- 5Y*
- 2.92%
- 10Y*
- —
ESGB.TO
- 1D
- -0.04%
- 1M
- -0.57%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 4.55%
- 3Y*
- 6.00%
- 5Y*
- 1.90%
- 10Y*
- —
FCSB.NEO vs. ESGB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.49% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.05% |
ESGB.TO BMO ESG Corporate Bond Index ETF | 1.16% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
Correlation
The correlation between FCSB.NEO and ESGB.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCSB.NEO vs. ESGB.TO — Risk / Return Rank
FCSB.NEO
ESGB.TO
FCSB.NEO vs. ESGB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) and BMO ESG Corporate Bond Index ETF (ESGB.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.
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.
| FCSB.NEO | ESGB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.85 | +0.52 |
| Martin ratioReturn relative to average drawdown | 8.66 | 5.36 | +3.29 |
Loading charts...
Drawdowns
FCSB.NEO vs. ESGB.TO - Drawdown Comparison
The maximum FCSB.NEO drawdown since its inception was -12.48%, smaller than the maximum ESGB.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for FCSB.NEO and ESGB.TO.
Loading charts...
Drawdown Indicators
| FCSB.NEO | ESGB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.48% | -15.18% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -2.47% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -2.54% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -7.44% | -13.96% | +6.52% |
Current DrawdownCurrent decline from peak | -0.51% | -1.46% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -4.25% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.85% | -0.42% |
Volatility
FCSB.NEO vs. ESGB.TO - Volatility Comparison
The current volatility for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) is 0.93%, while BMO ESG Corporate Bond Index ETF (ESGB.TO) has a volatility of 1.73%. This indicates that FCSB.NEO experiences smaller price fluctuations and is considered to be less risky than ESGB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCSB.NEO | ESGB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.73% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 3.14% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 4.05% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 5.40% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 5.99% | -1.06% |
Dividends
FCSB.NEO vs. ESGB.TO - Dividend Comparison
FCSB.NEO's dividend yield for the trailing twelve months is around 3.81%, less than ESGB.TO's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 4.02% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.81% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% |
Frequently Asked Questions
FCSB.NEO and ESGB.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Fidelity and BMO.
Find the right allocation for FCSB.NEO and ESGB.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer