HXT.TO vs. FCMI.TO
HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. HXT.TO is passively managed, while FCMI.TO is actively managed. Over the past 5 years, HXT.TO returned 15.08%/yr vs 8.04%/yr for FCMI.TO. At a 0.20 correlation, their price movements are largely independent. HXT.TO charges 0.08%/yr vs 0.50%/yr for FCMI.TO.
Performance
HXT.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXT.TO achieves a 13.87% return, which is significantly higher than FCMI.TO's 9.25% return.
HXT.TO
- 1D
- 0.40%
- 1M
- 1.69%
- 6M
- 10.31%
- YTD
- 13.87%
- 1Y
- 33.28%
- 3Y*
- 23.23%
- 5Y*
- 15.08%
- 10Y*
- 12.87%
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
HXT.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 13.87% | 28.74% | 20.94% | 12.02% | -6.27% | 28.11% | 3.01% |
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 HXT.TO and FCMI.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.20 |
The correlation between HXT.TO and FCMI.TO shifts across timeframes, from 0.20 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HXT.TO vs. FCMI.TO — Risk / Return Rank
HXT.TO
FCMI.TO
HXT.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.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.
| HXT.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.80 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 5.36 | -1.02 |
| Martin ratioReturn relative to average drawdown | 19.88 | 20.61 | -0.73 |
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Drawdowns
HXT.TO vs. FCMI.TO - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -52.13%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HXT.TO and FCMI.TO.
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Drawdown Indicators
| HXT.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.13% | -63.80% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -3.62% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -6.63% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -10.00% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.96% | +18.96% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -41.60% | +22.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.94% | +0.74% |
Volatility
HXT.TO vs. FCMI.TO - Volatility Comparison
The current volatility for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) is 1.91%, while Fidelity Canadian Monthly High Income ETF (FCMI.TO) has a volatility of 2.10%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky 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
| HXT.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.10% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 4.99% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 6.39% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 7.80% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 22.20% | -7.07% |
HXT.TO vs. FCMI.TO - Expense Ratio Comparison
HXT.TO has a 0.08% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
HXT.TO vs. FCMI.TO - Dividend Comparison
HXT.TO 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% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HXT.TO and FCMI.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXT.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXT.TO is cheaper with a 0.08% expense ratio, compared with 0.50% for FCMI.TO.
They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.08% for HXT.TO and 0.50% for FCMI.TO.
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