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FST.TO vs. FCMI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FST.TO vs. FCMI.TO

Last updated Jul 16, 2026
Documentation

FST.TO (First Trust Canadian Capital Strength ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. Both are actively managed. Over the past 5 years, FST.TO returned 16.91%/yr vs 8.04%/yr for FCMI.TO. At a 0.17 correlation, their price movements are largely independent. FST.TO charges 0.65%/yr vs 0.50%/yr for FCMI.TO.

Performance

FST.TO vs. FCMI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Canadian Capital Strength ETF (FST.TO) and Fidelity Canadian Monthly High Income ETF (FCMI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with FST.TO having a 9.32% return and FCMI.TO slightly lower at 9.25%.

FST.TO

1D
0.37%
1M
-0.03%
6M
5.45%
YTD
9.32%
1Y
26.44%
3Y*
23.27%
5Y*
16.91%
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*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FST.TO vs. FCMI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FST.TO
First Trust Canadian Capital Strength ETF		9.32%29.77%26.23%12.01%2.26%19.40%-0.41%
FCMI.TO
Fidelity Canadian Monthly High Income ETF		9.25%15.02%13.11%5.49%-5.32%15.26%-50.19%

Correlation

The correlation between FST.TO and FCMI.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Jan 16, 2020

0.17

The correlation between FST.TO and FCMI.TO shifts across timeframes, from 0.17 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Canadian Capital Strength ETF

Fidelity Canadian Monthly High Income ETF

Often compared with FST.TO:
FST.TO vs. BLCK.TOFST.TO vs. CLSA.TOFST.TO vs. HXH.TOFST.TO vs. DMEC.TOFST.TO vs. TLV.TOFST.TO vs. ZDV.TOFST.TO vs. CDZ.TO

Return for Risk

FST.TO vs. FCMI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FST.TO
FST.TO Risk / Return Rank: 8484
Overall Rank
FST.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FST.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
FST.TO Omega Ratio Rank: 8181
Omega Ratio Rank
FST.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
FST.TO Martin Ratio Rank: 8989
Martin Ratio Rank
FCMI.TO
FCMI.TO Risk / Return Rank: 9595
Overall Rank
FCMI.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FCMI.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
FCMI.TO Omega Ratio Rank: 9797
Omega Ratio Rank
FCMI.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
FCMI.TO Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FST.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Canadian Capital Strength ETF (FST.TO) 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.

FST.TOFCMI.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
3.03

-0.96

Sortino ratioReturn per unit of downside risk
2.97
4.75

-1.78

Omega ratioGain probability vs. loss probability

1.38

1.80

-0.42

Calmar ratioReturn relative to maximum drawdown

3.79

5.36

-1.57

Martin ratioReturn relative to average drawdown

15.77

20.61

-4.84

FST.TO vs. FCMI.TO - Sharpe Ratio Comparison

The current FST.TO Sharpe Ratio is 2.08, which is lower than the FCMI.TO Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of FST.TO and FCMI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FST.TO vs. FCMI.TO - Drawdown Comparison

The maximum FST.TO drawdown since its inception was -38.15%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FST.TO and FCMI.TO.

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Drawdown Indicators

FST.TOFCMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.15%

-63.80%

+25.65%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-3.62%

-3.39%

Max Drawdown (3Y)

Largest decline over 3 years

-12.33%

-6.63%

-5.70%

Max Drawdown (5Y)

Largest decline over 5 years

-14.73%

-10.00%

-4.73%

Current Drawdown

Current decline from peak

-0.47%

-18.96%

+18.49%

Average Drawdown

Average peak-to-trough decline

-3.25%

-41.60%

+38.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

0.94%

+0.74%

Volatility

FST.TO vs. FCMI.TO - Volatility Comparison

First Trust Canadian Capital Strength ETF (FST.TO) has a higher volatility of 2.57% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that FST.TO'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

FST.TOFCMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

2.10%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

4.99%

+5.10%

Volatility (1Y)

Calculated over the trailing 1-year period

12.81%

6.39%

+6.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.14%

7.80%

+6.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.28%

22.20%

-6.92%

FST.TO vs. FCMI.TO - Expense Ratio Comparison

FST.TO has a 0.65% expense ratio, which is higher than FCMI.TO's 0.50% expense ratio.

Dividends

FST.TO vs. FCMI.TO - Dividend Comparison

FST.TO's dividend yield for the trailing twelve months is around 0.92%, less than FCMI.TO's 3.28% yield.

PositionTTM202520242023202220212020201920182017
FCMI.TO
Fidelity Canadian Monthly High Income ETF		3.28%3.38%3.63%4.09%3.73%2.76%6.22%0.00%0.00%0.00%
FST.TO
First Trust Canadian Capital Strength ETF		0.92%1.01%1.16%1.63%2.03%1.87%1.85%1.91%1.12%0.67%

Frequently Asked Questions

FST.TO and FCMI.TO have a correlation of 0.30, 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 0.65% for FST.TO.

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.65% for FST.TO and 0.50% for FCMI.TO.

Portfolio Optimizer

Find the right allocation for FST.TO and FCMI.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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