ZGRO.TO vs. FCGI.TO
ZGRO.TO (BMO Growth ETF) and FCGI.TO (Fidelity Global Monthly High Income ETF) are both Global Allocation funds. Both are actively managed. Over the past 5 years, ZGRO.TO returned 15.61%/yr vs 8.80%/yr for FCGI.TO. At a 0.27 correlation, their price movements are largely independent. ZGRO.TO charges 0.18%/yr vs 0.55%/yr for FCGI.TO.
Performance
ZGRO.TO vs. FCGI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZGRO.TO achieves a 10.93% return, which is significantly higher than FCGI.TO's 8.14% return.
ZGRO.TO
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 10.93%
- 6M
- 10.40%
- 1Y
- 25.31%
- 3Y*
- 23.01%
- 5Y*
- 15.61%
- 10Y*
- —
FCGI.TO
- 1D
- -0.18%
- 1M
- -0.14%
- YTD
- 8.14%
- 6M
- 8.32%
- 1Y
- 19.16%
- 3Y*
- 13.65%
- 5Y*
- 8.80%
- 10Y*
- —
ZGRO.TO vs. FCGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 10.93% | 18.65% | 25.70% | 20.36% | -5.92% | 20.50% | 14.90% |
FCGI.TO Fidelity Global Monthly High Income ETF | 8.14% | 13.21% | 13.10% | 9.65% | -5.30% | 14.00% | -49.72% |
Correlation
The correlation between ZGRO.TO and FCGI.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.27 |
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Return for Risk
ZGRO.TO vs. FCGI.TO — Risk / Return Rank
ZGRO.TO
FCGI.TO
ZGRO.TO vs. FCGI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and Fidelity Global Monthly High Income ETF (FCGI.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.
| ZGRO.TO | FCGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.74 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.08 | -1.38 |
| Martin ratioReturn relative to average drawdown | 14.49 | 19.23 | -4.74 |
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Drawdowns
ZGRO.TO vs. FCGI.TO - Drawdown Comparison
The maximum ZGRO.TO drawdown since its inception was -24.67%, smaller than the maximum FCGI.TO drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and FCGI.TO.
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Drawdown Indicators
| ZGRO.TO | FCGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -63.41% | +38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -3.79% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -9.45% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -11.16% | -5.05% |
Current DrawdownCurrent decline from peak | -2.43% | -17.89% | +15.46% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -40.76% | +38.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.00% | +0.75% |
Volatility
ZGRO.TO vs. FCGI.TO - Volatility Comparison
BMO Growth ETF (ZGRO.TO) has a higher volatility of 5.05% compared to Fidelity Global Monthly High Income ETF (FCGI.TO) at 1.97%. This indicates that ZGRO.TO's price experiences larger fluctuations and is considered to be riskier than FCGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZGRO.TO | FCGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.97% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 5.60% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 6.98% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 8.54% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 22.23% | -9.04% |
ZGRO.TO vs. FCGI.TO - Expense Ratio Comparison
ZGRO.TO has a 0.18% expense ratio, which is lower than FCGI.TO's 0.55% expense ratio.
Dividends
ZGRO.TO vs. FCGI.TO - Dividend Comparison
ZGRO.TO's dividend yield for the trailing twelve months is around 2.24%, less than FCGI.TO's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCGI.TO Fidelity Global Monthly High Income ETF | 2.97% | 3.25% | 3.21% | 3.50% | 3.71% | 2.62% | 5.47% | 0.00% |
ZGRO.TO BMO Growth ETF | 2.24% | 3.38% | 5.76% | 6.81% | 7.63% | 6.65% | 7.47% | 6.95% |
Frequently Asked Questions
ZGRO.TO and FCGI.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZGRO.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZGRO.TO is cheaper with a 0.18% expense ratio, compared with 0.55% for FCGI.TO.
They also come from different issuers: BMO and Fidelity. Their fees differ too: 0.18% for ZGRO.TO and 0.55% for FCGI.TO.
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