HUTE.TO vs. FCMI.TO
HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - HUTE.TO is a Derivative Income fund actively managed by Harvest, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, HUTE.TO returned 17.79%/yr vs 13.93%/yr for FCMI.TO. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
HUTE.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUTE.TO achieves a 14.28% return, which is significantly higher than FCMI.TO's 9.25% return.
HUTE.TO
- 1D
- 0.76%
- 1M
- 3.68%
- 6M
- 12.63%
- YTD
- 14.28%
- 1Y
- 20.60%
- 3Y*
- 17.79%
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
HUTE.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 14.28% | 19.04% | 18.16% | 0.10% | 0.94% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | 3.10% |
Correlation
The correlation between HUTE.TO and FCMI.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.10 |
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Return for Risk
HUTE.TO vs. FCMI.TO — Risk / Return Rank
HUTE.TO
FCMI.TO
HUTE.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.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.
| HUTE.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.80 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 5.36 | -2.34 |
| Martin ratioReturn relative to average drawdown | 8.58 | 20.62 | -12.04 |
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Drawdowns
HUTE.TO vs. FCMI.TO - Drawdown Comparison
The maximum HUTE.TO drawdown since its inception was -18.35%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HUTE.TO and FCMI.TO.
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Drawdown Indicators
| HUTE.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -63.80% | +45.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -3.62% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -6.63% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -2.86% | -18.96% | +16.10% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -41.59% | +37.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 0.94% | +1.47% |
Volatility
HUTE.TO vs. FCMI.TO - Volatility Comparison
Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) has a higher volatility of 4.71% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.08%. This indicates that HUTE.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
| HUTE.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.08% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 4.99% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 6.39% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 7.80% | +6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 22.19% | -7.57% |
HUTE.TO vs. FCMI.TO - Expense Ratio Comparison
Both HUTE.TO and FCMI.TO have an expense ratio of 0.50%.
Dividends
HUTE.TO vs. FCMI.TO - Dividend Comparison
HUTE.TO's dividend yield for the trailing twelve months is around 9.20%, more than FCMI.TO's 3.28% yield.
| 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% |
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 9.20% | 9.64% | 10.24% | 10.72% | 1.61% | 0.00% | 0.00% |
Frequently Asked Questions
HUTE.TO and FCMI.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HUTE.TO and FCMI.TO have the same expense ratio: 0.50% per year.
HUTE.TO is categorized as Derivative Income, while FCMI.TO is Canada Equities. They also come from different issuers: Harvest and Fidelity.
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