FCUH.TO vs. FCMO.NEO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and FCMO.NEO (Fidelity US Momentum ETF) are both exchange-traded funds - FCUH.TO is a Dividend fund actively managed by Fidelity, while FCMO.NEO is a Momentum fund tracking the Fidelity Canada U.S. Momentum Index. FCUH.TO is actively managed, while FCMO.NEO is passively managed. Over the past 5 years, FCUH.TO returned 8.27%/yr vs 17.92%/yr for FCMO.NEO. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.38% expense ratio.
Performance
FCUH.TO vs. FCMO.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUH.TO achieves a 10.30% return, which is significantly lower than FCMO.NEO's 20.14% return.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 10Y*
- —
FCMO.NEO
- 1D
- -0.65%
- 1M
- -1.58%
- 6M
- 15.32%
- YTD
- 20.14%
- 1Y
- 29.41%
- 3Y*
- 31.97%
- 5Y*
- 17.92%
- 10Y*
- —
FCUH.TO vs. FCMO.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 9.08% | -6.43% | 31.92% | 14.34% |
FCMO.NEO Fidelity US Momentum ETF | 20.14% | 13.77% | 53.26% | 13.09% | -14.21% | 16.13% | -61.16% |
Correlation
The correlation between FCUH.TO and FCMO.NEO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.19 |
The correlation between FCUH.TO and FCMO.NEO shifts across timeframes, from 0.11 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCUH.TO vs. FCMO.NEO — Risk / Return Rank
FCUH.TO
FCMO.NEO
FCUH.TO vs. FCMO.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) and Fidelity US Momentum ETF (FCMO.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.
| FCUH.TO | FCMO.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.71 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.41 | 9.01 | -4.60 |
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Drawdowns
FCUH.TO vs. FCMO.NEO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, smaller than the maximum FCMO.NEO drawdown of -67.39%. Use the drawdown chart below to compare losses from any high point for FCUH.TO and FCMO.NEO.
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Drawdown Indicators
| FCUH.TO | FCMO.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -67.39% | +22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.91% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -21.82% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -26.93% | +5.13% |
Current DrawdownCurrent decline from peak | -1.29% | -8.56% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -48.77% | +42.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.27% | -0.90% |
Volatility
FCUH.TO vs. FCMO.NEO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while Fidelity US Momentum ETF (FCMO.NEO) has a volatility of 5.56%. This indicates that FCUH.TO experiences smaller price fluctuations and is considered to be less risky than FCMO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCUH.TO | FCMO.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.56% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 16.89% | -10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 19.99% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 18.36% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 32.59% | -12.45% |
FCUH.TO vs. FCMO.NEO - Expense Ratio Comparison
Both FCUH.TO and FCMO.NEO have an expense ratio of 0.38%.
Dividends
FCUH.TO vs. FCMO.NEO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, more than FCMO.NEO's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCMO.NEO Fidelity US Momentum ETF | 0.30% | 0.36% | 0.25% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% |
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 2.48% | 2.72% | 2.41% | 2.57% | 3.05% | 2.32% | 4.23% | 2.99% | 0.29% |
Frequently Asked Questions
FCUH.TO and FCMO.NEO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO and FCMO.NEO have the same expense ratio: 0.38% per year.
FCUH.TO is categorized as Dividend, while FCMO.NEO is Momentum.
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