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RID.TO vs. FCIM.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RID.TO vs. FCIM.NEO

Last updated Jul 16, 2026
Documentation

RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) and FCIM.NEO (Fidelity International Momentum Index ETF) are both exchange-traded funds - RID.TO is a International Equity fund actively managed by RBC, while FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index. RID.TO is actively managed, while FCIM.NEO is passively managed. Over the past 5 years, RID.TO returned 13.70%/yr vs 17.67%/yr for FCIM.NEO. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

RID.TO vs. FCIM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) and Fidelity International Momentum Index ETF (FCIM.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RID.TO achieves a 16.07% return, which is significantly lower than FCIM.NEO's 20.84% return.

RID.TO

1D
0.13%
1M
0.58%
6M
10.88%
YTD
16.07%
1Y
32.72%
3Y*
22.79%
5Y*
13.70%
10Y*
10.01%

FCIM.NEO

1D
0.10%
1M
-2.15%
6M
11.27%
YTD
20.84%
1Y
38.88%
3Y*
29.47%
5Y*
17.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RID.TO vs. FCIM.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		16.07%33.82%13.48%16.19%-10.04%12.26%8.34%
FCIM.NEO
Fidelity International Momentum Index ETF		20.84%37.03%25.38%16.54%-12.40%10.86%18.15%

Correlation

The correlation between RID.TO and FCIM.NEO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.68

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

0.55

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

0.55

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2020

0.51

The correlation between RID.TO and FCIM.NEO shifts across timeframes, from 0.51 (all time) to 0.68 (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.

RBC Quant EAFE Dividend Leaders ETF CAD

Fidelity International Momentum Index ETF

Often compared with FCIM.NEO:
FCIM.NEO vs. FCIV.TOFCIM.NEO vs. VXM.TOFCIM.NEO vs. EBNK.TOFCIM.NEO vs. VCN.TOFCIM.NEO vs. SPMOFCIM.NEO vs. VIDY.TOFCIM.NEO vs. FCCM.NEO

Return for Risk

RID.TO vs. FCIM.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RID.TO
RID.TO Risk / Return Rank: 8383
Overall Rank
RID.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
RID.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
RID.TO Omega Ratio Rank: 8383
Omega Ratio Rank
RID.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
RID.TO Martin Ratio Rank: 8484
Martin Ratio Rank
FCIM.NEO
FCIM.NEO Risk / Return Rank: 7878
Overall Rank
FCIM.NEO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
FCIM.NEO Sortino Ratio Rank: 8383
Sortino Ratio Rank
FCIM.NEO Omega Ratio Rank: 8282
Omega Ratio Rank
FCIM.NEO Calmar Ratio Rank: 7373
Calmar Ratio Rank
FCIM.NEO Martin Ratio Rank: 7676
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.

RID.TO vs. FCIM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) and Fidelity International Momentum Index ETF (FCIM.NEO). 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.

RID.TOFCIM.NEODifference
Sharpe ratioReturn per unit of total volatility
2.20
2.00

+0.20

Sortino ratioReturn per unit of downside risk
3.03
2.96

+0.06

Omega ratioGain probability vs. loss probability

1.40

1.39

+0.01

Calmar ratioReturn relative to maximum drawdown

3.34

2.96

+0.38

Martin ratioReturn relative to average drawdown

13.44

11.29

+2.15

RID.TO vs. FCIM.NEO - Sharpe Ratio Comparison

The current RID.TO Sharpe Ratio is 2.20, which is comparable to the FCIM.NEO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of RID.TO and FCIM.NEO, 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

RID.TO vs. FCIM.NEO - Drawdown Comparison

The maximum RID.TO drawdown since its inception was -28.74%, which is greater than FCIM.NEO's maximum drawdown of -26.89%. Use the drawdown chart below to compare losses from any high point for RID.TO and FCIM.NEO.

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Drawdown Indicators

RID.TOFCIM.NEODifference

Max Drawdown

Largest peak-to-trough decline

-28.74%

-26.89%

-1.85%

Max Drawdown (1Y)

Largest decline over 1 year

-9.85%

-13.21%

+3.36%

Max Drawdown (3Y)

Largest decline over 3 years

-15.23%

-13.21%

-2.02%

Max Drawdown (5Y)

Largest decline over 5 years

-23.88%

-26.89%

+3.01%

Max Drawdown (10Y)

Largest decline over 10 years

-28.74%

—

—

Current Drawdown

Current decline from peak

-2.31%

-5.21%

+2.90%

Average Drawdown

Average peak-to-trough decline

-4.45%

-5.38%

+0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

3.45%

-1.01%

Volatility

RID.TO vs. FCIM.NEO - Volatility Comparison

The current volatility for RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) is 4.23%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 6.80%. This indicates that RID.TO experiences smaller price fluctuations and is considered to be less risky than FCIM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RID.TOFCIM.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

6.80%

-2.57%

Volatility (6M)

Calculated over the trailing 6-month period

12.09%

17.42%

-5.33%

Volatility (1Y)

Calculated over the trailing 1-year period

14.95%

19.57%

-4.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.10%

17.55%

-3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

16.93%

-1.95%

Dividends

RID.TO vs. FCIM.NEO - Dividend Comparison

RID.TO's dividend yield for the trailing twelve months is around 2.84%, more than FCIM.NEO's 1.32% yield.

PositionTTM20252024202320222021202020192018201720162015
FCIM.NEO
Fidelity International Momentum Index ETF		1.32%1.59%1.26%1.70%1.86%2.70%0.52%0.00%0.00%0.00%0.00%0.00%
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		2.84%3.03%3.52%3.76%4.09%2.65%3.54%4.14%4.57%3.00%3.35%3.22%

Frequently Asked Questions

RID.TO and FCIM.NEO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RID.TO is categorized as International Equity, while FCIM.NEO is Momentum. They also come from different issuers: RBC and Fidelity.

Portfolio Optimizer

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