XIC.TO vs. FCMI.TO
XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both Canada Equities funds. XIC.TO is passively managed, while FCMI.TO is actively managed. Over the past 5 years, XIC.TO returned 14.94%/yr vs 8.04%/yr for FCMI.TO. At a 0.20 correlation, their price movements are largely independent. XIC.TO charges 0.06%/yr vs 0.50%/yr for FCMI.TO.
Performance
XIC.TO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIC.TO achieves a 12.55% return, which is significantly higher than FCMI.TO's 9.25% return.
XIC.TO
- 1D
- -0.25%
- 1M
- 0.58%
- 6M
- 7.94%
- YTD
- 12.55%
- 1Y
- 31.69%
- 3Y*
- 23.40%
- 5Y*
- 14.94%
- 10Y*
- 12.39%
FCMI.TO
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 6.69%
- YTD
- 9.25%
- 1Y
- 19.66%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
XIC.TO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 12.55% | 31.51% | 21.48% | 11.74% | -5.82% | 23.43% | 3.37% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 15.26% | -50.19% |
Correlation
The correlation between XIC.TO and FCMI.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.20 |
The correlation between XIC.TO and FCMI.TO shifts across timeframes, from 0.20 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIC.TO vs. FCMI.TO — Risk / Return Rank
XIC.TO
FCMI.TO
XIC.TO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.
| XIC.TO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.80 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 5.36 | -1.94 |
| Martin ratioReturn relative to average drawdown | 15.52 | 20.62 | -5.09 |
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Drawdowns
XIC.TO vs. FCMI.TO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -47.27%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for XIC.TO and FCMI.TO.
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Drawdown Indicators
| XIC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -63.80% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -3.62% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -6.63% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -10.00% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -18.96% | +18.59% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -41.59% | +34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.94% | +1.11% |
Volatility
XIC.TO vs. FCMI.TO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and Fidelity Canadian Monthly High Income ETF (FCMI.TO) have volatilities of 2.06% and 2.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIC.TO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 2.08% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 4.99% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 6.39% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 7.80% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 22.19% | -7.24% |
XIC.TO vs. FCMI.TO - Expense Ratio Comparison
XIC.TO has a 0.06% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
XIC.TO vs. FCMI.TO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.00%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.00% | 2.23% | 2.64% | 2.96% | 3.10% | 2.45% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
Frequently Asked Questions
XIC.TO and FCMI.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.50% for FCMI.TO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.06% for XIC.TO and 0.50% for FCMI.TO.
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