FMCX vs. XEQT.TO
Compare and contrast key facts about FMC Excelsior Focus Equity ETF (FMCX) and iShares Core Equity ETF Portfolio (XEQT.TO).
FMCX and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMCX is an actively managed fund by First Manhattan. It was launched on Apr 22, 2022. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMCX or XEQT.TO.
Correlation
The correlation between FMCX and XEQT.TO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMCX vs. XEQT.TO - Performance Comparison
Key characteristics
FMCX:
1.32
XEQT.TO:
2.38
FMCX:
1.82
XEQT.TO:
3.36
FMCX:
1.23
XEQT.TO:
1.44
FMCX:
2.61
XEQT.TO:
3.64
FMCX:
7.86
XEQT.TO:
16.63
FMCX:
2.23%
XEQT.TO:
1.45%
FMCX:
13.22%
XEQT.TO:
10.15%
FMCX:
-17.33%
XEQT.TO:
-29.74%
FMCX:
-2.62%
XEQT.TO:
-0.84%
Returns By Period
In the year-to-date period, FMCX achieves a 2.36% return, which is significantly lower than XEQT.TO's 3.90% return.
FMCX
2.36%
-1.30%
9.24%
18.22%
N/A
N/A
XEQT.TO
3.90%
1.08%
12.00%
24.29%
11.62%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMCX vs. XEQT.TO - Expense Ratio Comparison
FMCX has a 0.70% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Risk-Adjusted Performance
FMCX vs. XEQT.TO — Risk-Adjusted Performance Rank
FMCX
XEQT.TO
FMCX vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FMC Excelsior Focus Equity ETF (FMCX) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
FMCX vs. XEQT.TO - Dividend Comparison
FMCX's dividend yield for the trailing twelve months is around 2.07%, more than XEQT.TO's 1.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FMCX FMC Excelsior Focus Equity ETF | 2.07% | 2.12% | 1.34% | 1.19% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.95% | 2.03% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
FMCX vs. XEQT.TO - Drawdown Comparison
The maximum FMCX drawdown since its inception was -17.33%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for FMCX and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
FMCX vs. XEQT.TO - Volatility Comparison
FMC Excelsior Focus Equity ETF (FMCX) has a higher volatility of 3.53% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.50%. This indicates that FMCX's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.