FINN.NEO vs. FCMI.TO
FINN.NEO (Fidelity Global Innovators ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - FINN.NEO is a Global Equities fund actively managed by Fidelity, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FINN.NEO returned 43.00%/yr vs 13.93%/yr for FCMI.TO. At a 0.07 correlation, their price movements are largely independent. FINN.NEO charges 1.09%/yr vs 0.50%/yr for FCMI.TO.
Performance
FINN.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FINN.NEO achieves a 40.98% return, which is significantly higher than FCMI.TO's 9.25% return.
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
FINN.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 3.57% |
Correlation
The correlation between FINN.NEO and FCMI.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.07 |
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Return for Risk
FINN.NEO vs. FCMI.TO — Risk / Return Rank
FINN.NEO
FCMI.TO
FINN.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Fidelity Canadian Monthly High Income ETF (FCMI.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.
| FINN.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.80 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 5.36 | -0.43 |
| Martin ratioReturn relative to average drawdown | 15.51 | 20.61 | -5.10 |
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Drawdowns
FINN.NEO vs. FCMI.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and FCMI.TO.
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Drawdown Indicators
| FINN.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -63.80% | +38.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -3.62% | -8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -6.63% | -19.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -2.91% | -18.96% | +16.05% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -41.60% | +37.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 0.94% | +2.85% |
Volatility
FINN.NEO vs. FCMI.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.08% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINN.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 2.10% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 4.99% | +15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 6.39% | +18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 7.80% | +14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 22.20% | +0.17% |
FINN.NEO vs. FCMI.TO - Expense Ratio Comparison
FINN.NEO has a 1.09% expense ratio, which is higher than FCMI.TO's 0.50% expense ratio.
Dividends
FINN.NEO vs. FCMI.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while FCMI.TO's dividend yield for the trailing twelve months is around 3.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FINN.NEO and FCMI.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMI.TO is cheaper with a 0.50% expense ratio, compared with 1.09% for FINN.NEO.
FINN.NEO is categorized as Global Equities, while FCMI.TO is Canada Equities. Their fees differ too: 1.09% for FINN.NEO and 0.50% for FCMI.TO.
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