RIDH.TO vs. FCIM.NEO

Last updated Aug 4, 2026

RIDH.TO (RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF) and FCIM.NEO (Fidelity International Momentum Index ETF) are both Foreign Large Cap Equities funds. RIDH.TO is actively managed, while FCIM.NEO is passively managed. Over the past 5 years, RIDH.TO returned 15.14%/yr vs 16.49%/yr for FCIM.NEO. Their 0.36 correlation means their historical movements had little consistent relationship. RIDH.TO charges 0.54%/yr vs 0.45%/yr for FCIM.NEO.

Performance

RIDH.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 (CAD Hedged) ETF (RIDH.TO) and Fidelity International Momentum Index ETF (FCIM.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RIDH.TO having a 16.37% return and FCIM.NEO slightly higher at 16.97%.

RIDH.TO

• 1D: -1.23%
• 1M: 1.94%
• 6M: 10.08%
• YTD: 16.37%
• 1Y: 36.80%
• 3Y*: 21.98%
• 5Y*: 15.14%
• 10Y*: 11.11%
• ALL TIME*: 10.01%

FCIM.NEO

• 1D: 1.20%
• 1M: -6.94%
• 6M: 6.24%
• YTD: 16.97%
• 1Y: 32.10%
• 3Y*: 27.86%
• 5Y*: 16.49%
• 10Y*: —
• ALL TIME*: 17.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCIM.NEO Fidelity International Momentum Index ETF	CA$5.07M	CA$3.44M	CA$2.71M
RIDH.TO RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	CA$18.38K	CA$62.92K	CA$73.93K

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RIDH.TO RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	16.37%	32.49%	12.69%	17.54%	-3.96%	19.17%	4.77%
FCIM.NEO Fidelity International Momentum Index ETF	16.97%	37.03%	25.38%	16.54%	-12.40%	10.86%	18.15%

Correlation

The correlation between RIDH.TO and FCIM.NEO is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.36

The correlation between RIDH.TO and FCIM.NEO shifts across timeframes, from 0.36 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

RIDH.TO

RIDH.TO Risk / Return Rank: 93
RIDH.TO Sharpe Ratio Rank: 95
RIDH.TO Sortino Ratio Rank: 94
RIDH.TO Omega Ratio Rank: 94
RIDH.TO Calmar Ratio Rank: 89
RIDH.TO Martin Ratio Rank: 93

FCIM.NEO

FCIM.NEO Risk / Return Rank: 69
FCIM.NEO Sharpe Ratio Rank: 66
FCIM.NEO Sortino Ratio Rank: 71
FCIM.NEO Omega Ratio Rank: 72
FCIM.NEO Calmar Ratio Rank: 68
FCIM.NEO Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.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.

	RIDH.TO	FCIM.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.86	1.60	+1.27
Sortino ratio: Return per unit of downside risk	3.85	2.40	+1.45
Omega ratio: Gain probability vs. loss probability	1.53	1.31	+0.22
Calmar ratio: Return relative to maximum drawdown	3.95	2.47	+1.48
Martin ratio: Return relative to average drawdown	17.82	8.30	+9.52

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

The current RIDH.TO Sharpe Ratio is 2.86, which is higher than the FCIM.NEO Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of RIDH.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.

Drawdowns

RIDH.TO vs. FCIM.NEO - Drawdown Comparison

The maximum RIDH.TO drawdown since its inception was -34.53%, 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 RIDH.TO and FCIM.NEO.

Drawdown Indicators

	RIDH.TO	FCIM.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-26.89%	-7.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-13.21%	+4.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.33%	-13.21%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-15.01%	-26.89%	+11.88%
Max Drawdown (10Y) Largest decline over 10 years	-34.53%	—	—
Current Drawdown Current decline from peak	-1.23%	-8.24%	+7.01%
Average Drawdown Average peak-to-trough decline	-4.38%	-5.41%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	3.92%	-1.99%

Volatility

RIDH.TO vs. FCIM.NEO - Volatility Comparison

The current volatility for RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO) is 3.24%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 8.46%. This indicates that RIDH.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.

Volatility by Period

	RIDH.TO	FCIM.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	8.46%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	18.24%	-8.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	20.43%	-8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	17.77%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	17.07%	-1.33%

RIDH.TO vs. FCIM.NEO - Expense Ratio Comparison

RIDH.TO has a 0.54% expense ratio, which is higher than FCIM.NEO's 0.45% expense ratio.

Dividends

RIDH.TO vs. FCIM.NEO - Dividend Comparison

RIDH.TO's dividend yield for the trailing twelve months is around 3.06%, more than FCIM.NEO's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCIM.NEO Fidelity International Momentum Index ETF	1.36%	1.59%	1.26%	1.70%	1.86%	2.70%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%
RIDH.TO RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	3.06%	3.10%	3.69%	3.70%	4.41%	2.63%	3.63%	4.07%	4.55%	2.91%	3.33%	3.28%

Frequently Asked Questions

Can I hold both RIDH.TO and FCIM.NEO in my portfolio?

RIDH.TO and FCIM.NEO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RIDH.TO or FCIM.NEO?

On fees, FCIM.NEO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RIDH.TO or FCIM.NEO?

FCIM.NEO is cheaper with a 0.45% expense ratio, compared with 0.54% for RIDH.TO.

What is the main difference between RIDH.TO and FCIM.NEO?

They also come from different issuers: RBC and Fidelity. Their fees differ too: 0.54% for RIDH.TO and 0.45% for FCIM.NEO.