FCSB.NEO vs. FLCI.TO
FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) and FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) are both Corporate Bonds funds. FCSB.NEO is passively managed, while FLCI.TO is actively managed. Over the past 5 years, FCSB.NEO returned 3.01%/yr vs 2.56%/yr for FLCI.TO. At a 0.25 correlation, their price movements are largely independent. FCSB.NEO charges 0.44%/yr vs 0.39%/yr for FLCI.TO.
Performance
FCSB.NEO vs. FLCI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCSB.NEO achieves a 1.76% return, which is significantly lower than FLCI.TO's 2.34% return.
FCSB.NEO
- 1D
- 0.43%
- 1M
- 0.80%
- YTD
- 1.76%
- 6M
- 1.51%
- 1Y
- 3.84%
- 3Y*
- 6.25%
- 5Y*
- 3.01%
- 10Y*
- —
FLCI.TO
- 1D
- 0.44%
- 1M
- 1.18%
- YTD
- 2.34%
- 6M
- 2.58%
- 1Y
- 5.33%
- 3Y*
- 7.24%
- 5Y*
- 2.56%
- 10Y*
- —
FCSB.NEO vs. FLCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.76% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.26% | 0.82% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 2.34% | 4.88% | 8.03% | 8.31% | -10.13% | -1.36% | 8.04% | 0.62% |
Correlation
The correlation between FCSB.NEO and FLCI.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019 | 0.25 |
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Return for Risk
FCSB.NEO vs. FLCI.TO — Risk / Return Rank
FCSB.NEO
FLCI.TO
FCSB.NEO vs. FLCI.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 Franklin Canadian Corporate Bond Fund ETF (FLCI.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 | FLCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.36 | +0.08 |
| Martin ratioReturn relative to average drawdown | 8.98 | 6.55 | +2.43 |
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Drawdowns
FCSB.NEO vs. FLCI.TO - Drawdown Comparison
The maximum FCSB.NEO drawdown since its inception was -12.48%, smaller than the maximum FLCI.TO drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for FCSB.NEO and FLCI.TO.
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Drawdown Indicators
| FCSB.NEO | FLCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.48% | -17.51% | +5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -2.27% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -3.31% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -7.44% | -14.63% | +7.19% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -3.29% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.82% | -0.39% |
Volatility
FCSB.NEO vs. FLCI.TO - Volatility Comparison
The current volatility for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) is 0.77%, while Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a volatility of 1.23%. This indicates that FCSB.NEO experiences smaller price fluctuations and is considered to be less risky than FLCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSB.NEO | FLCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.23% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 3.00% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 3.96% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 5.64% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 6.47% | -1.53% |
FCSB.NEO vs. FLCI.TO - Expense Ratio Comparison
FCSB.NEO has a 0.44% expense ratio, which is higher than FLCI.TO's 0.39% expense ratio.
Dividends
FCSB.NEO vs. FLCI.TO - Dividend Comparison
FCSB.NEO's dividend yield for the trailing twelve months is around 3.77%, less than FLCI.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.77% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% | 0.00% | 0.00% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.40% | 4.26% | 4.41% | 4.09% | 4.95% | 3.35% | 3.25% | 3.68% | 3.87% | 0.84% |
Frequently Asked Questions
FCSB.NEO and FLCI.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLCI.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLCI.TO is cheaper with a 0.39% expense ratio, compared with 0.44% for FCSB.NEO.
They also come from different issuers: Fidelity and Franklin. Their fees differ too: 0.44% for FCSB.NEO and 0.39% for FLCI.TO.
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