WSRD.TO vs. FCIM.NEO

Last updated Jul 16, 2026

WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) and FCIM.NEO (Fidelity International Momentum Index ETF) are both exchange-traded funds - WSRD.TO is a International Equity fund actively managed by Wealthsimple, while FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index. WSRD.TO is actively managed, while FCIM.NEO is passively managed. Over the past 5 years, WSRD.TO returned 3.97%/yr vs 17.67%/yr for FCIM.NEO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

WSRD.TO vs. FCIM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and Fidelity International Momentum Index ETF (FCIM.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSRD.TO achieves a 2.80% return, which is significantly lower than FCIM.NEO's 20.84% return.

WSRD.TO

• 1D: 0.29%
• 1M: 0.78%
• 6M: 0.32%
• YTD: 2.80%
• 1Y: 9.08%
• 3Y*: 11.38%
• 5Y*: 3.97%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.80%	18.84%	9.39%	14.01%	-20.37%	8.79%	18.09%
FCIM.NEO Fidelity International Momentum Index ETF	20.84%	37.03%	25.38%	16.54%	-12.40%	10.86%	18.25%

Correlation

The correlation between WSRD.TO and FCIM.NEO is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020	0.59

The correlation between WSRD.TO and FCIM.NEO has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Return for Risk

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

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

WSRD.TO

WSRD.TO Risk / Return Rank: 21
WSRD.TO Sharpe Ratio Rank: 22
WSRD.TO Sortino Ratio Rank: 21
WSRD.TO Omega Ratio Rank: 20
WSRD.TO Calmar Ratio Rank: 21
WSRD.TO Martin Ratio Rank: 23

FCIM.NEO

FCIM.NEO Risk / Return Rank: 78
FCIM.NEO Sharpe Ratio Rank: 79
FCIM.NEO Sortino Ratio Rank: 83
FCIM.NEO Omega Ratio Rank: 82
FCIM.NEO Calmar Ratio Rank: 73
FCIM.NEO Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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.

	WSRD.TO	FCIM.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.64	2.00	-1.36
Sortino ratio: Return per unit of downside risk	1.01	2.96	-1.95
Omega ratio: Gain probability vs. loss probability	1.12	1.39	-0.27
Calmar ratio: Return relative to maximum drawdown	0.80	2.96	-2.16
Martin ratio: Return relative to average drawdown	2.37	11.29	-8.92

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

The current WSRD.TO Sharpe Ratio is 0.64, which is lower than the FCIM.NEO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of WSRD.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

WSRD.TO vs. FCIM.NEO - Drawdown Comparison

The maximum WSRD.TO drawdown since its inception was -34.80%, 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 WSRD.TO and FCIM.NEO.

Drawdown Indicators

	WSRD.TO	FCIM.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-26.89%	-7.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-13.21%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-12.76%	-13.21%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-26.89%	-7.91%
Current Drawdown Current decline from peak	-2.20%	-5.21%	+3.01%
Average Drawdown Average peak-to-trough decline	-9.47%	-5.38%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.45%	+0.39%

Volatility

WSRD.TO vs. FCIM.NEO - Volatility Comparison

The current volatility for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) is 4.02%, while Fidelity International Momentum Index ETF (FCIM.NEO) has a volatility of 6.80%. This indicates that WSRD.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

	WSRD.TO	FCIM.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	6.80%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	17.42%	-5.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	19.57%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	17.55%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	16.93%	-2.61%

Dividends

WSRD.TO vs. FCIM.NEO - Dividend Comparison

WSRD.TO's dividend yield for the trailing twelve months is around 2.49%, more than FCIM.NEO's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FCIM.NEO Fidelity International Momentum Index ETF	1.32%	1.59%	1.26%	1.70%	1.86%	2.70%	0.52%
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.49%	2.28%	2.58%	2.31%	2.18%	1.20%	0.41%

Frequently Asked Questions

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

WSRD.TO and FCIM.NEO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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