TSLY.TO vs. FCMI.TO
TSLY.TO (Harvest Tesla Enhanced High Income Shares ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - TSLY.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 year, TSLY.TO returned 39.16% vs 19.31% for FCMI.TO. At a 0.18 correlation, their price movements are largely independent. TSLY.TO charges 0.40%/yr vs 0.50%/yr for FCMI.TO.
Performance
TSLY.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TSLY.TO achieves a -8.48% return, which is significantly lower than FCMI.TO's 9.25% return.
TSLY.TO
- 1D
- -0.58%
- 1M
- -2.74%
- 6M
- -7.22%
- YTD
- -8.48%
- 1Y
- 39.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
TSLY.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF | -8.48% | -1.89% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 16.08% |
Correlation
The correlation between TSLY.TO and FCMI.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.18 |
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Return for Risk
TSLY.TO vs. FCMI.TO — Risk / Return Rank
TSLY.TO
FCMI.TO
TSLY.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Tesla Enhanced High Income Shares ETF (TSLY.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.
| TSLY.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.80 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 5.36 | -4.03 |
| Martin ratioReturn relative to average drawdown | 3.07 | 20.61 | -17.54 |
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Drawdowns
TSLY.TO vs. FCMI.TO - Drawdown Comparison
The maximum TSLY.TO drawdown since its inception was -58.91%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for TSLY.TO and FCMI.TO.
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Drawdown Indicators
| TSLY.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -63.80% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -29.78% | -3.62% | -26.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -18.34% | -18.96% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -26.20% | -41.60% | +15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.86% | 0.94% | +11.92% |
Volatility
TSLY.TO vs. FCMI.TO - Volatility Comparison
Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) has a higher volatility of 15.97% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that TSLY.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
| TSLY.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.97% | 2.10% | +13.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.62% | 4.99% | +26.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.85% | 6.39% | +38.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.21% | 7.80% | +52.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.21% | 22.20% | +38.01% |
TSLY.TO vs. FCMI.TO - Expense Ratio Comparison
TSLY.TO has a 0.40% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
TSLY.TO vs. FCMI.TO - Dividend Comparison
TSLY.TO's dividend yield for the trailing twelve months is around 39.80%, 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% |
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF | 39.80% | 32.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLY.TO and FCMI.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLY.TO is cheaper with a 0.40% expense ratio, compared with 0.50% for FCMI.TO.
TSLY.TO is categorized as Derivative Income, while FCMI.TO is Canada Equities. They also come from different issuers: Harvest and Fidelity. Their fees differ too: 0.40% for TSLY.TO and 0.50% for FCMI.TO.
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