A side-by-side comparison of Fidelity Canadian Monthly High Income ETF (FCMI) and IA Clarington Strategic Income Fund ETF (ISIF) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | FCMI | ISIF |
|---|---|---|
| YTD Return | +8.15%✓ | +4.54% |
| 1-Day Change | +0.25%✓ | -0.07% |
| 1-Week Change | +0.96%✓ | +0.67% |
| 1-Month Change | +1.87%✓ | +0.82% |
| Current Price | $15.79 | $13.59 |
| AUM | $12M✓ | $2M |
| MER (Expense Ratio) | 0.5% | 0%✓ |
| Dividend Yield | 3.31%✓ | 2.70% |
| Distribution Frequency | — | — |
| Inception Date | 2020-01-16 | 2019-11-04 |
| Holdings Count | 8 | 9 |
| MorningStar Rating | ★★★★ | ★★★ |
| Category | Canadian Neutral Balanced | Canadian Neutral Balanced |
| Beta | 0.99 | 0.94 |
| 52-Week High | $16.57 | $13.68 |
| 52-Week Low | $13.10 | $12.18 |
| 50-Day MA | $15.59 | $13.36 |
| 200-Day MA | $15.05 | $13.10 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | FCMI | ISIF |
|---|---|---|
| YTD | +8.15%✓ | +4.54% |
| 1 Year | +19.48%✓ | +12.42% |
| 3 Year | +13.91%✓ | +11.76% |
| 5 Year | +8.02%✓ | +7.24% |
| 10 Year | — | — |
| 1Y Volatility | 5.85% | 4.87% |
| Sharpe Ratio (3Y) | 1.35 | 1.11 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RY | Royal Bank of Canada | 2.24% |
| 2 | IAU | iShares Gold Trust | 2.03% |
| 3 | ENB | Enbridge Inc | 1.96% |
| 4 | CNQ | Canadian Natural Resources Ltd | 1.84% |
| 5 | XRB | XRB | 1.71% |
| 6 | TD | Toronto Dominion Bank | 1.57% |
| 7 | SU | Suncor Energy Inc | 1.56% |
| 8 | QSR | Restaurant Brands International Inc | 1.47% |
| 1 | TD | Toronto Dominion Bank | 3.33% |
| 2 | RY | Royal Bank of Canada | 2.98% |
| 3 | FTS | Fortis Inc | 2.54% |
| 4 | L | Loblaw Companies Limited | 2.38% |
| 5 | CP | Canadian Pacific Railway Ltd | 2.32% |
| 6 | JNJ | Johnson & Johnson | 2.11% |
| 7 | CM | Canadian Imperial Bank Of Commerce | 1.83% |
| 8 | JPM | JPMorgan Chase & Co | 1.60% |
| 9 | AEM | Agnico Eagle Mines Limited | 1.53% |
Sector Weights
| Sector | FCMI | ISIF |
|---|---|---|
| Basic Materials | 11.32% | 5.86% |
| Communication Services | 5.56% | 3.58% |
| Consumer Cyclicals | 10.52% | 9.22% |
| Consumer Defensive | 1.71% | 5.75% |
| Energy | 20.55% | 10.26% |
| Financial Services | 22.83% | 26.89% |
| Healthcare | 1.81% | 3.52% |
| Industrials | 5.56% | 15.29% |
| Real Estate | 6.75% | 5.35% |
| Technology | 5.82% | 4.92% |
| Utilities | 7.57% | 9.36% |
About FCMI
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About ISIF
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Which ETF is Right for You?
Both FCMI and ISIF are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, FCMI scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between FCMI and ISIF?
FCMI (Fidelity Canadian Monthly High Income ETF) and ISIF (IA Clarington Strategic Income Fund ETF) are both Canadian-listed ETFs. Key differences include their AUM ($12M vs $2M), dividend yield (3.31% vs 2.70%), and year-to-date performance (+8.15% vs +4.54%).
Is FCMI better than ISIF?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, FCMI has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy FCMI and ISIF on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both FCMI and ISIF should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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