FLVC.NEO vs. FCMI.TO
FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. FLVC.NEO is passively managed, while FCMI.TO is actively managed. Over the past year, FLVC.NEO returned 34.39% vs 18.20% for FCMI.TO. Their 0.22 correlation means their historical movements had little consistent relationship. FLVC.NEO charges 0.15%/yr vs 0.50%/yr for FCMI.TO.
Performance
FLVC.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLVC.NEO achieves a 21.03% return, which is significantly higher than FCMI.TO's 9.45% return.
FLVC.NEO
- 1D
- 0.06%
- 1M
- 3.34%
- 6M
- 21.68%
- YTD
- 21.03%
- 1Y
- 34.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.44%
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.77%
- 6M
- 6.48%
- YTD
- 9.45%
- 1Y
- 18.20%
- 3Y*
- 14.00%
- 5Y*
- 8.20%
- 10Y*
- —
- ALL TIME*
- -3.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$46.04K | CA$34.60K | CA$26.27K | |
| CA$126.22K | CA$137.12K | CA$491.29K |
FLVC.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 21.03% | 21.15% | 13.79% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.45% | 15.02% | 9.15% |
Correlation
The correlation between FLVC.NEO and FCMI.TO is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.22 |
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Return for Risk
FLVC.NEO vs. FCMI.TO — Risk / Return Rank
FLVC.NEO
FCMI.TO
FLVC.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.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.
| FLVC.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.77 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 12.02 | 5.21 | +6.82 |
| Martin ratioReturn relative to average drawdown | 52.99 | 19.97 | +33.01 |
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Drawdowns
FLVC.NEO vs. FCMI.TO - Drawdown Comparison
The maximum FLVC.NEO drawdown since its inception was -7.89%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FLVC.NEO and FCMI.TO.
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Drawdown Indicators
| FLVC.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.89% | -63.80% | +55.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.62% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -1.11% | -18.80% | +17.69% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -41.51% | +40.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.94% | -0.23% |
Volatility
FLVC.NEO vs. FCMI.TO - Volatility Comparison
Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) has a higher volatility of 2.83% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.05%. This indicates that FLVC.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
| FLVC.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.05% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 4.92% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 6.43% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 7.80% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 22.16% | -10.77% |
FLVC.NEO vs. FCMI.TO - Expense Ratio Comparison
FLVC.NEO has a 0.15% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
FLVC.NEO vs. FCMI.TO - Dividend Comparison
FLVC.NEO's dividend yield for the trailing twelve months is around 4.72%, more than FCMI.TO's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 2.94% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 4.72% | 4.96% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLVC.NEO and FCMI.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLVC.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLVC.NEO is cheaper with a 0.15% expense ratio, compared with 0.50% for FCMI.TO.
They also come from different issuers: Franklin Templeton and Fidelity. Their fees differ too: 0.15% for FLVC.NEO and 0.50% for FCMI.TO.
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