XUSR.TO vs. FCMO.NEO

Last updated Jun 4, 2026

XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) and FCMO.NEO (Fidelity US Momentum ETF) are both exchange-traded funds - XUSR.TO is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while FCMO.NEO is a Momentum fund tracking the Fidelity Canada U.S. Momentum Index. Both are passively managed. Over the past 3 years, XUSR.TO returned 26.02%/yr vs 33.21%/yr for FCMO.NEO. A 0.59 correlation means they provide meaningful diversification when combined. XUSR.TO charges 0.23%/yr vs 0.38%/yr for FCMO.NEO.

Performance

XUSR.TO vs. FCMO.NEO - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with XUSR.TO having a 21.07% return and FCMO.NEO slightly lower at 20.55%.

XUSR.TO

• 1D: -0.71%
• 1M: 11.78%
• YTD: 21.07%
• 6M: 17.73%
• 1Y: 32.90%
• 3Y*: 26.02%
• 5Y*: 16.66%
• 10Y*: —

FCMO.NEO

• 1D: 0.09%
• 1M: 8.22%
• YTD: 20.55%
• 6M: 17.86%
• 1Y: 36.30%
• 3Y*: 33.21%
• 5Y*: —
• 10Y*: —

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

XUSR.TO vs. FCMO.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XUSR.TO iShares ESG Advanced MSCI USA Index ETF	21.07%	9.24%	32.45%	29.28%	-17.20%	14.15%
FCMO.NEO Fidelity US Momentum ETF	20.55%	14.07%	53.26%	13.09%	-14.21%	18.26%

Correlation

The correlation between XUSR.TO and FCMO.NEO is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	0.59

The correlation between XUSR.TO and FCMO.NEO shifts across timeframes, from 0.59 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XUSR.TO vs. FCMO.NEO — Risk / Return Rank

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

XUSR.TO

XUSR.TO Risk / Return Rank: 58
XUSR.TO Sharpe Ratio Rank: 61
XUSR.TO Sortino Ratio Rank: 58
XUSR.TO Omega Ratio Rank: 60
XUSR.TO Calmar Ratio Rank: 58
XUSR.TO Martin Ratio Rank: 51

FCMO.NEO

FCMO.NEO Risk / Return Rank: 61
FCMO.NEO Sharpe Ratio Rank: 58
FCMO.NEO Sortino Ratio Rank: 57
FCMO.NEO Omega Ratio Rank: 57
FCMO.NEO Calmar Ratio Rank: 67
FCMO.NEO Martin Ratio Rank: 64

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.

XUSR.TO vs. FCMO.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) and Fidelity US Momentum ETF (FCMO.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.

	XUSR.TO	FCMO.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.99	+0.09
Sortino ratio: Return per unit of downside risk	2.75	2.75	0.00
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	2.87	3.34	-0.47
Martin ratio: Return relative to average drawdown	8.61	11.57	-2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUSR.TO vs. FCMO.NEO - Sharpe Ratio Comparison

The current XUSR.TO Sharpe Ratio is 2.08, which is comparable to the FCMO.NEO Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XUSR.TO and FCMO.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

	XUSR.TO	FCMO.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.99	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.34	-0.23

Drawdowns

XUSR.TO vs. FCMO.NEO - Drawdown Comparison

The maximum XUSR.TO drawdown since its inception was -28.39%, which is greater than FCMO.NEO's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for XUSR.TO and FCMO.NEO.

Drawdown Indicators

	XUSR.TO	FCMO.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-28.39%	-26.93%	-1.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.52%	-10.91%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.02%	-21.77%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-28.39%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.52%	-0.19%
Average Drawdown Average peak-to-trough decline	-6.29%	-6.35%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	3.15%	+0.68%

Volatility

XUSR.TO vs. FCMO.NEO - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) is 4.94%, while Fidelity US Momentum ETF (FCMO.NEO) has a volatility of 6.89%. This indicates that XUSR.TO experiences smaller price fluctuations and is considered to be less risky than FCMO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUSR.TO	FCMO.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	6.89%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	12.58%	15.18%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	18.30%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	21.71%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	21.71%	-4.12%

XUSR.TO vs. FCMO.NEO - Expense Ratio Comparison

XUSR.TO has a 0.23% expense ratio, which is lower than FCMO.NEO's 0.38% expense ratio.

Dividends

XUSR.TO vs. FCMO.NEO - Dividend Comparison

XUSR.TO's dividend yield for the trailing twelve months is around 0.56%, more than FCMO.NEO's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FCMO.NEO Fidelity US Momentum ETF	0.30%	0.36%	0.25%	0.00%	0.00%	0.00%	0.00%
XUSR.TO iShares ESG Advanced MSCI USA Index ETF	0.56%	0.67%	0.68%	0.93%	1.01%	0.65%	0.34%

Frequently Asked Questions

Can I hold both XUSR.TO and FCMO.NEO in my portfolio?

XUSR.TO and FCMO.NEO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUSR.TO or FCMO.NEO?

On fees, XUSR.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUSR.TO or FCMO.NEO?

XUSR.TO is cheaper with a 0.23% expense ratio, compared with 0.38% for FCMO.NEO.

What is the main difference between XUSR.TO and FCMO.NEO?

XUSR.TO is categorized as Large Cap Growth Equities, while FCMO.NEO is Momentum. XUSR.TO tracks MSCI USA Choice ESG Screened Index, while FCMO.NEO tracks Fidelity Canada U.S. Momentum Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.23% for XUSR.TO and 0.38% for FCMO.NEO.