IGM.TO vs. FCR-UN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about IGM Financial Inc. (IGM.TO) and First Capital Real Estate Investment Trust (FCR-UN.TO).

Performance

IGM.TO vs. FCR-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in IGM Financial Inc. (IGM.TO) and First Capital Real Estate Investment Trust (FCR-UN.TO). The values are adjusted to include any dividend payments, if applicable.

IGM.TO vs. FCR-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGM.TO IGM Financial Inc.	9.85%	40.98%	38.87%	-1.67%	-12.00%	39.17%	-0.01%	27.74%	-25.09%	21.99%
FCR-UN.TO First Capital Real Estate Investment Trust	11.99%	17.08%	16.59%	-3.27%	-7.64%	42.71%	-30.44%	13.36%	-4.95%	4.62%

Fundamentals

Market Cap IGM.TO : CA$15.94B FCR-UN.TO : CA$4.45B
EPS IGM.TO : CA$4.64 FCR-UN.TO : CA$4.99
PE Ratio IGM.TO : 14.48 FCR-UN.TO : 4.19
PEG Ratio IGM.TO : 2.71 FCR-UN.TO : 0.00
PS Ratio IGM.TO : 4.17 FCR-UN.TO : 6.00
PB Ratio IGM.TO : 1.78 FCR-UN.TO : 0.92
Total Revenue (TTM) IGM.TO : CA$3.82B FCR-UN.TO : CA$743.81M
Gross Profit (TTM) IGM.TO : CA$1.88B FCR-UN.TO : CA$470.51M
EBITDA (TTM) IGM.TO : CA$1.57B FCR-UN.TO : CA$447.26M

Returns By Period

In the year-to-date period, IGM.TO achieves a 9.85% return, which is significantly lower than FCR-UN.TO's 11.99% return. Over the past 10 years, IGM.TO has outperformed FCR-UN.TO with an annualized return of 12.20%, while FCR-UN.TO has yielded a comparatively lower 4.56% annualized return.

IGM.TO

• 1D: 1.45%
• 1M: 0.42%
• YTD: 9.85%
• 6M: 35.46%
• 1Y: 57.39%
• 3Y*: 24.96%
• 5Y*: 17.91%
• 10Y*: 12.20%

FCR-UN.TO

• 1D: 1.50%
• 1M: -0.72%
• YTD: 11.99%
• 6M: 7.83%
• 1Y: 31.54%
• 3Y*: 15.98%
• 5Y*: 9.71%
• 10Y*: 4.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IGM.TO vs. FCR-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGM.TO

IGM.TO Risk / Return Rank: 94
IGM.TO Sharpe Ratio Rank: 93
IGM.TO Sortino Ratio Rank: 92
IGM.TO Omega Ratio Rank: 93
IGM.TO Calmar Ratio Rank: 94
IGM.TO Martin Ratio Rank: 96

FCR-UN.TO

FCR-UN.TO Risk / Return Rank: 89
FCR-UN.TO Sharpe Ratio Rank: 89
FCR-UN.TO Sortino Ratio Rank: 88
FCR-UN.TO Omega Ratio Rank: 84
FCR-UN.TO Calmar Ratio Rank: 91
FCR-UN.TO Martin Ratio Rank: 93

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.

IGM.TO vs. FCR-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IGM Financial Inc. (IGM.TO) and First Capital Real Estate Investment Trust (FCR-UN.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.

	IGM.TO	FCR-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	2.38	1.93	+0.45
Sortino ratio Return per unit of downside risk	3.17	2.69	+0.48
Omega ratio Gain probability vs. loss probability	1.45	1.33	+0.12
Calmar ratio Return relative to maximum drawdown	5.45	4.29	+1.16
Martin ratio Return relative to average drawdown	18.73	13.64	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGM.TO vs. FCR-UN.TO - Sharpe Ratio Comparison

The current IGM.TO Sharpe Ratio is 2.38, which is comparable to the FCR-UN.TO Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IGM.TO and FCR-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGM.TO	FCR-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.93	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.49	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.21	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.35	0.00

Correlation

The correlation between IGM.TO and FCR-UN.TO is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IGM.TO vs. FCR-UN.TO - Dividend Comparison

IGM.TO's dividend yield for the trailing twelve months is around 3.43%, less than FCR-UN.TO's 4.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM.TO IGM Financial Inc.	3.43%	3.64%	4.91%	6.43%	5.96%	4.94%	6.53%	6.04%	7.26%	5.10%	5.92%	6.37%
FCR-UN.TO First Capital Real Estate Investment Trust	4.27%	4.70%	5.09%	5.63%	3.43%	2.29%	6.38%	3.47%	4.56%	4.15%	4.16%	4.69%

Drawdowns

IGM.TO vs. FCR-UN.TO - Drawdown Comparison

The maximum IGM.TO drawdown since its inception was -68.35%, which is greater than FCR-UN.TO's maximum drawdown of -63.96%. Use the drawdown chart below to compare losses from any high point for IGM.TO and FCR-UN.TO.

Drawdown Indicators

	IGM.TO	FCR-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.35%	-63.96%	-4.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	-7.71%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-32.58%	-29.38%	-3.20%
Max Drawdown (10Y) Largest decline over 10 years	-47.65%	-49.80%	+2.15%
Current Drawdown Current decline from peak	-2.03%	-1.78%	-0.25%
Average Drawdown Average peak-to-trough decline	-19.61%	-15.37%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.42%	+0.71%

Volatility

IGM.TO vs. FCR-UN.TO - Volatility Comparison

IGM Financial Inc. (IGM.TO) has a higher volatility of 8.93% compared to First Capital Real Estate Investment Trust (FCR-UN.TO) at 5.37%. This indicates that IGM.TO's price experiences larger fluctuations and is considered to be riskier than FCR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM.TO	FCR-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	5.37%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	19.28%	11.44%	+7.84%
Volatility (1Y) Calculated over the trailing 1-year period	24.23%	16.45%	+7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	19.81%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	22.36%	+0.03%

Financials