XCSR.TO vs. FCCM.NEO

Last updated Jun 5, 2026

XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - XCSR.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. Both are passively managed. Over the past 5 years, XCSR.TO returned 13.66%/yr vs 19.08%/yr for FCCM.NEO. A 0.57 correlation means they provide meaningful diversification when combined. XCSR.TO charges 0.17%/yr vs 0.38%/yr for FCCM.NEO.

Performance

XCSR.TO vs. FCCM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) and Fidelity Canadian Momentum Index ETF (FCCM.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCSR.TO achieves a 7.96% return, which is significantly lower than FCCM.NEO's 11.11% return.

XCSR.TO

• 1D: 1.26%
• 1M: 6.36%
• YTD: 7.96%
• 6M: 7.56%
• 1Y: 32.34%
• 3Y*: 25.22%
• 5Y*: 13.66%
• 10Y*: —

FCCM.NEO

• 1D: 1.32%
• 1M: 3.24%
• YTD: 11.11%
• 6M: 12.84%
• 1Y: 44.14%
• 3Y*: 29.52%
• 5Y*: 19.08%
• 10Y*: —

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

XCSR.TO vs. FCCM.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF	7.96%	35.35%	23.27%	15.18%	-14.41%	22.30%	23.07%
FCCM.NEO Fidelity Canadian Momentum Index ETF	11.11%	43.17%	27.03%	10.10%	-3.42%	14.23%	9.03%

Correlation

The correlation between XCSR.TO and FCCM.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	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 15, 2020	0.57

Over the past year, XCSR.TO and FCCM.NEO have become more correlated (0.77) than their long-term average of 0.57, meaning their price movements have been converging.

Return for Risk

XCSR.TO vs. FCCM.NEO — Risk / Return Rank

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

XCSR.TO

XCSR.TO Risk / Return Rank: 64
XCSR.TO Sharpe Ratio Rank: 66
XCSR.TO Sortino Ratio Rank: 63
XCSR.TO Omega Ratio Rank: 64
XCSR.TO Calmar Ratio Rank: 60
XCSR.TO Martin Ratio Rank: 65

FCCM.NEO

FCCM.NEO Risk / Return Rank: 82
FCCM.NEO Sharpe Ratio Rank: 87
FCCM.NEO Sortino Ratio Rank: 83
FCCM.NEO Omega Ratio Rank: 86
FCCM.NEO Calmar Ratio Rank: 73
FCCM.NEO Martin Ratio Rank: 80

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.

XCSR.TO vs. FCCM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) and Fidelity Canadian Momentum Index ETF (FCCM.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.

	XCSR.TO	FCCM.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.85	-0.69
Sortino ratio: Return per unit of downside risk	2.89	3.66	-0.77
Omega ratio: Gain probability vs. loss probability	1.38	1.52	-0.14
Calmar ratio: Return relative to maximum drawdown	2.92	3.59	-0.67
Martin ratio: Return relative to average drawdown	11.63	15.61	-3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCSR.TO vs. FCCM.NEO - Sharpe Ratio Comparison

The current XCSR.TO Sharpe Ratio is 2.15, which is comparable to the FCCM.NEO Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of XCSR.TO and FCCM.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.

Sharpe Ratios by Period

	XCSR.TO	FCCM.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.85	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.42	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.34	-1.26

Drawdowns

XCSR.TO vs. FCCM.NEO - Drawdown Comparison

The maximum XCSR.TO drawdown since its inception was -23.56%, which is greater than FCCM.NEO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for XCSR.TO and FCCM.NEO.

Drawdown Indicators

	XCSR.TO	FCCM.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-16.59%	-6.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-12.36%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-12.14%	-12.36%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-23.56%	-16.59%	-6.97%
Current Drawdown Current decline from peak	0.00%	-1.19%	+1.19%
Average Drawdown Average peak-to-trough decline	-5.12%	-2.60%	-2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.83%	-0.04%

Volatility

XCSR.TO vs. FCCM.NEO - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) is 4.09%, while Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a volatility of 5.20%. This indicates that XCSR.TO experiences smaller price fluctuations and is considered to be less risky than FCCM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCSR.TO	FCCM.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	5.20%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	12.63%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.11%	15.60%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	13.47%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,367.87%	13.41%	+1,354.46%

XCSR.TO vs. FCCM.NEO - Expense Ratio Comparison

XCSR.TO has a 0.17% expense ratio, which is lower than FCCM.NEO's 0.38% expense ratio.

Dividends

XCSR.TO vs. FCCM.NEO - Dividend Comparison

XCSR.TO's dividend yield for the trailing twelve months is around 1.63%, more than FCCM.NEO's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FCCM.NEO Fidelity Canadian Momentum Index ETF	0.82%	0.91%	0.91%	1.32%	1.79%	1.49%	0.78%
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF	1.63%	1.73%	2.20%	2.61%	2.78%	1.53%	0.81%

Frequently Asked Questions

Can I hold both XCSR.TO and FCCM.NEO in my portfolio?

XCSR.TO and FCCM.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.

Which ETF is better, XCSR.TO or FCCM.NEO?

On fees, XCSR.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCSR.TO or FCCM.NEO?

XCSR.TO is cheaper with a 0.17% expense ratio, compared with 0.38% for FCCM.NEO.

What is the main difference between XCSR.TO and FCCM.NEO?

XCSR.TO is categorized as Canada Equities, while FCCM.NEO is Momentum. XCSR.TO tracks Morningstar Canada GR CAD, while FCCM.NEO tracks Fidelity Canada Canadian Momentum Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.17% for XCSR.TO and 0.38% for FCCM.NEO.