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FCUD.TO vs. FCCM.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCUD.TO vs. FCCM.NEO

Last updated Jul 16, 2026
Documentation

FCUD.TO (Fidelity U.S. High Dividend ETF) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - FCUD.TO is a Dividend fund actively managed by Fidelity, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. FCUD.TO is actively managed, while FCCM.NEO is passively managed. Over the past 5 years, FCUD.TO returned 9.99%/yr vs 18.62%/yr for FCCM.NEO. At a 0.29 correlation, their price movements are largely independent. FCUD.TO charges 0.35%/yr vs 0.38%/yr for FCCM.NEO.

Performance

FCUD.TO vs. FCCM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Dividend ETF (FCUD.TO) and Fidelity Canadian Momentum Index ETF (FCCM.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FCUD.TO achieves a 14.75% return, which is significantly higher than FCCM.NEO's 11.38% return.

FCUD.TO

1D
0.07%
1M
0.46%
6M
10.36%
YTD
14.75%
1Y
5.31%
3Y*
11.70%
5Y*
9.99%
10Y*
—

FCCM.NEO

1D
0.39%
1M
0.05%
6M
6.14%
YTD
11.38%
1Y
41.08%
3Y*
28.97%
5Y*
18.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUD.TO vs. FCCM.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FCUD.TO
Fidelity U.S. High Dividend ETF		14.75%-5.65%22.63%8.12%0.48%31.54%13.49%
FCCM.NEO
Fidelity Canadian Momentum Index ETF		11.38%43.17%27.03%10.10%-3.42%14.23%9.03%

Correlation

The correlation between FCUD.TO and FCCM.NEO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2020

0.29

Compare stocks, funds, or ETFs

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Fidelity U.S. High Dividend ETF

Fidelity Canadian Momentum Index ETF

Often compared with FCCM.NEO:
FCCM.NEO vs. SPMOFCCM.NEO vs. WXM.TOFCCM.NEO vs. VCN.TOFCCM.NEO vs. VMO.TOFCCM.NEO vs. MGNRFCCM.NEO vs. CMGG.TOFCCM.NEO vs. FINN.NEO

Return for Risk

FCUD.TO vs. FCCM.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCUD.TO
FCUD.TO Risk / Return Rank: 1515
Overall Rank
FCUD.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
FCUD.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
FCUD.TO Omega Ratio Rank: 1818
Omega Ratio Rank
FCUD.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
FCUD.TO Martin Ratio Rank: 1414
Martin Ratio Rank
FCCM.NEO
FCCM.NEO Risk / Return Rank: 8787
Overall Rank
FCCM.NEO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FCCM.NEO Sortino Ratio Rank: 8989
Sortino Ratio Rank
FCCM.NEO Omega Ratio Rank: 9090
Omega Ratio Rank
FCCM.NEO Calmar Ratio Rank: 8080
Calmar Ratio Rank
FCCM.NEO Martin Ratio Rank: 8686
Martin Ratio Rank
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.

FCUD.TO vs. FCCM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend ETF (FCUD.TO) and Fidelity Canadian Momentum Index ETF (FCCM.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.

FCUD.TOFCCM.NEODifference
Sharpe ratioReturn per unit of total volatility
0.43
2.51

-2.08

Sortino ratioReturn per unit of downside risk
0.59
3.32

-2.73

Omega ratioGain probability vs. loss probability

1.10

1.46

-0.36

Calmar ratioReturn relative to maximum drawdown

0.38

3.34

-2.96

Martin ratioReturn relative to average drawdown

0.87

13.98

-13.11

FCUD.TO vs. FCCM.NEO - Sharpe Ratio Comparison

The current FCUD.TO Sharpe Ratio is 0.43, which is lower than the FCCM.NEO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FCUD.TO and FCCM.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FCUD.TO vs. FCCM.NEO - Drawdown Comparison

The maximum FCUD.TO drawdown since its inception was -38.79%, which is greater than FCCM.NEO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FCUD.TO and FCCM.NEO.

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Drawdown Indicators

FCUD.TOFCCM.NEODifference

Max Drawdown

Largest peak-to-trough decline

-38.79%

-16.59%

-22.20%

Max Drawdown (1Y)

Largest decline over 1 year

-14.19%

-12.36%

-1.83%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

-12.36%

-3.77%

Max Drawdown (5Y)

Largest decline over 5 years

-16.13%

-16.59%

+0.46%

Current Drawdown

Current decline from peak

-1.54%

-0.95%

-0.59%

Average Drawdown

Average peak-to-trough decline

-4.69%

-2.59%

-2.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.12%

2.95%

+3.17%

Volatility

FCUD.TO vs. FCCM.NEO - Volatility Comparison

The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a volatility of 2.95%. This indicates that FCUD.TO experiences smaller price fluctuations and is considered to be less risky than FCCM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUD.TOFCCM.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.82%

2.95%

-1.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.34%

13.53%

-7.19%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

16.44%

-4.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.11%

13.70%

-0.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.82%

13.49%

+4.33%

FCUD.TO vs. FCCM.NEO - Expense Ratio Comparison

FCUD.TO has a 0.35% expense ratio, which is lower than FCCM.NEO's 0.38% expense ratio.

Dividends

FCUD.TO vs. FCCM.NEO - Dividend Comparison

FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, more than FCCM.NEO's 0.82% yield.

PositionTTM20252024202320222021202020192018
FCCM.NEO
Fidelity Canadian Momentum Index ETF		0.82%0.91%0.91%1.32%1.79%1.49%0.78%0.00%0.00%
FCUD.TO
Fidelity U.S. High Dividend ETF		2.46%3.13%2.15%2.45%2.72%2.16%4.10%2.90%1.01%

Frequently Asked Questions

FCUD.TO and FCCM.NEO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FCUD.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FCUD.TO is cheaper with a 0.35% expense ratio, compared with 0.38% for FCCM.NEO.

FCUD.TO is categorized as Dividend, while FCCM.NEO is Momentum. Their fees differ too: 0.35% for FCUD.TO and 0.38% for FCCM.NEO.

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