VIU.TO vs. FCIM.NEO
VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and FCIM.NEO (Fidelity International Momentum Index ETF) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index. Both are passively managed. Over the past 5 years, VIU.TO returned 11.99%/yr vs 18.22%/yr for FCIM.NEO. A 0.69 correlation means they provide meaningful diversification when combined. VIU.TO charges 0.23%/yr vs 0.45%/yr for FCIM.NEO.
Performance
VIU.TO vs. FCIM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, VIU.TO achieves a 16.73% return, which is significantly lower than FCIM.NEO's 20.03% return.
VIU.TO
- 1D
- -0.44%
- 1M
- 7.93%
- YTD
- 16.73%
- 6M
- 17.50%
- 1Y
- 33.05%
- 3Y*
- 20.38%
- 5Y*
- 11.99%
- 10Y*
- 10.41%
FCIM.NEO
- 1D
- -0.81%
- 1M
- 5.53%
- YTD
- 20.03%
- 6M
- 22.93%
- 1Y
- 38.49%
- 3Y*
- 30.84%
- 5Y*
- 18.22%
- 10Y*
- —
VIU.TO vs. FCIM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 16.73% | 27.83% | 10.72% | 15.66% | -10.63% | 9.74% | 17.76% |
FCIM.NEO Fidelity International Momentum Index ETF | 20.03% | 37.03% | 25.38% | 16.54% | -12.40% | 10.86% | 18.11% |
Correlation
The correlation between VIU.TO and FCIM.NEO is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020 | 0.69 |
The correlation between VIU.TO and FCIM.NEO has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
VIU.TO vs. FCIM.NEO — Risk / Return Rank
VIU.TO
FCIM.NEO
VIU.TO vs. FCIM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.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.
| VIU.TO | FCIM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.93 | -0.10 |
| Martin ratioReturn relative to average drawdown | 11.39 | 11.94 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIU.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.32 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.09 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.13 | -0.51 |
Drawdowns
VIU.TO vs. FCIM.NEO - Drawdown Comparison
The maximum VIU.TO drawdown since its inception was -29.15%, 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 VIU.TO and FCIM.NEO.
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Drawdown Indicators
| VIU.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -26.89% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -13.21% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.26% | -13.21% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -26.89% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -29.15% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.91% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -5.43% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.23% | -0.32% |
Volatility
VIU.TO vs. FCIM.NEO - Volatility Comparison
The current volatility for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) is 5.83%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 6.68%. This indicates that VIU.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
| VIU.TO | FCIM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 6.68% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 13.97% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 16.67% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 16.82% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 16.45% | -1.33% |
VIU.TO vs. FCIM.NEO - Expense Ratio Comparison
VIU.TO has a 0.23% expense ratio, which is lower than FCIM.NEO's 0.45% expense ratio.
Dividends
VIU.TO vs. FCIM.NEO - Dividend Comparison
VIU.TO's dividend yield for the trailing twelve months is around 2.16%, more than FCIM.NEO's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 1.33% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 2.16% | 2.48% | 2.55% | 2.65% | 2.75% | 2.37% | 1.97% | 2.67% | 2.75% | 2.12% | 1.71% | 0.27% |
Frequently Asked Questions
VIU.TO and FCIM.NEO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.45% for FCIM.NEO.
VIU.TO is categorized as International Equity, while FCIM.NEO is Momentum. VIU.TO tracks FTSE Developed All Cap ex North America Index, while FCIM.NEO tracks Fidelity Canada International Momentum Index. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.23% for VIU.TO and 0.45% for FCIM.NEO.
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