FCUQ.TO vs. FCCM.NEO
Compare and contrast key facts about Fidelity U.S. High Quality ETF (FCUQ.TO) and Fidelity Canadian Momentum Index ETF (FCCM.NEO).
FCUQ.TO and FCCM.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCUQ.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. High Quality Index. It was launched on Jan 18, 2019. FCCM.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada Canadian Momentum Index. It was launched on Jun 5, 2020. Both FCUQ.TO and FCCM.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCUQ.TO vs. FCCM.NEO - Performance Comparison
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FCUQ.TO vs. FCCM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCUQ.TO Fidelity U.S. High Quality ETF | -5.25% | 4.67% | 32.89% | 20.05% | -11.48% | 31.73% | 7.15% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 4.13% | 43.17% | 27.03% | 10.10% | -3.42% | 14.23% | -64.10% |
Returns By Period
In the year-to-date period, FCUQ.TO achieves a -5.25% return, which is significantly lower than FCCM.NEO's 4.13% return.
FCUQ.TO
- 1D
- 2.70%
- 1M
- -5.88%
- YTD
- -5.25%
- 6M
- -7.98%
- 1Y
- 0.81%
- 3Y*
- 14.38%
- 5Y*
- 11.73%
- 10Y*
- —
FCCM.NEO
- 1D
- 3.30%
- 1M
- -7.13%
- YTD
- 4.13%
- 6M
- 14.81%
- 1Y
- 43.62%
- 3Y*
- 28.20%
- 5Y*
- 18.14%
- 10Y*
- —
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FCUQ.TO vs. FCCM.NEO - Expense Ratio Comparison
FCUQ.TO has a 0.35% expense ratio, which is lower than FCCM.NEO's 0.38% expense ratio.
Return for Risk
FCUQ.TO vs. FCCM.NEO — Risk / Return Rank
FCUQ.TO
FCCM.NEO
FCUQ.TO vs. FCCM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Quality ETF (FCUQ.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.
| FCUQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 2.59 | -2.55 |
Sortino ratioReturn per unit of downside risk | 0.18 | 3.30 | -3.11 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.51 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.65 | -3.50 |
Martin ratioReturn relative to average drawdown | 0.45 | 15.49 | -15.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCUQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.59 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.37 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | -0.11 | +0.93 |
Correlation
The correlation between FCUQ.TO and FCCM.NEO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCUQ.TO vs. FCCM.NEO - Dividend Comparison
FCUQ.TO's dividend yield for the trailing twelve months is around 0.76%, less than FCCM.NEO's 0.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCUQ.TO Fidelity U.S. High Quality ETF | 0.76% | 0.73% | 0.77% | 0.88% | 1.04% | 0.79% | 1.15% | 0.82% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.88% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% | 0.00% |
Drawdowns
FCUQ.TO vs. FCCM.NEO - Drawdown Comparison
The maximum FCUQ.TO drawdown since its inception was -25.36%, smaller than the maximum FCCM.NEO drawdown of -67.22%. Use the drawdown chart below to compare losses from any high point for FCUQ.TO and FCCM.NEO.
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Drawdown Indicators
| FCUQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.36% | -67.22% | +41.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -12.36% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -16.59% | -6.14% |
Current DrawdownCurrent decline from peak | -9.46% | -17.77% | +8.31% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -53.22% | +48.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.91% | +1.17% |
Volatility
FCUQ.TO vs. FCCM.NEO - Volatility Comparison
The current volatility for Fidelity U.S. High Quality ETF (FCUQ.TO) is 5.38%, while Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a volatility of 7.47%. This indicates that FCUQ.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
| FCUQ.TO | FCCM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 7.47% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 12.81% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 16.92% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 13.34% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 30.53% | -13.12% |