A side-by-side comparison of Fidelity Canadian Monthly High Income ETF (FCMI) and iShares Diversified Monthly Income ETF (XTR) 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 | XTR |
|---|---|---|
| YTD Return | +7.19%✓ | +5.56% |
| 1-Day Change | -0.19% | -0.16%✓ |
| 1-Week Change | +0.64%✓ | -0.20% |
| 1-Month Change | +1.36%✓ | +1.31% |
| Current Price | $15.65 | $12.34 |
| AUM | $14M | $378M✓ |
| MER (Expense Ratio) | 0.5% | 0%✓ |
| Dividend Yield | 3.18% | 3.93%✓ |
| Distribution Frequency | — | Monthly |
| Inception Date | 2020-01-16 | 2005-12-19 |
| Holdings Count | 8 | 10 |
| MorningStar Rating | ★★★★ | ★★ |
| Category | Canadian Neutral Balanced | Canadian Neutral Balanced |
| Beta | 0.99 | 0.79 |
| 52-Week High | $15.79 | $12.40 |
| 52-Week Low | $12.96 | $10.85 |
| 50-Day MA | $15.47 | $12.15 |
| 200-Day MA | $14.92 | $12.03 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | FCMI | XTR |
|---|---|---|
| YTD | +7.19%✓ | +5.56% |
| 1 Year | +21.91%✓ | +13.75% |
| 3 Year | +14.22%✓ | +11.25% |
| 5 Year | +8.21%✓ | +6.04% |
| 10 Year | — | +6.03% |
| 1Y Volatility | 5.72% | 4.30% |
| Sharpe Ratio (3Y) | 1.39 | 1.18 |
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 | iShares Canadian Real Return Bond | 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 | XMV | iShares MSCI Canada Minimum Volatility | 21.27% |
| 2 | XIGS | iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 13.57% |
| 3 | XHU | iShares U.S. High Dividend Equity Index ETF | 13.48% |
| 4 | XLB | iShares Core Canadian Long Term Bond Index ETF | 7.97% |
| 5 | XCB | iShares Core Canadian Corporate Bond Index ETF | 7.84% |
| 6 | XHY | iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | 7.37% |
| 7 | XSH | iShares Core Canadian Short Term Corporate + Maple Bond | 6.82% |
| 8 | XEC | iShares Core MSCI Emerging Markets IMI Index ETF | 5.34% |
| 9 | XEI | iShares S&P/TSX Composite High Dividend Index ETF | 4.09% |
| 10 | XFLB | iShares Core Canadian 15+ Year Federal Bond Index ETF | 3.95% |
Sector Weights
| Sector | FCMI | XTR |
|---|---|---|
| Basic Materials | 11.32% | 4.74% |
| Communication Services | 5.56% | 4.32% |
| Consumer Cyclicals | 10.52% | 6.11% |
| Consumer Defensive | 1.71% | 11.63% |
| Energy | 20.55% | 15.57% |
| Financial Services | 22.83% | 26.06% |
| Healthcare | 1.81% | 5.73% |
| Industrials | 5.56% | 6.84% |
| Real Estate | 6.75% | 0.86% |
| Technology | 5.82% | 10.39% |
| Utilities | 7.57% | 7.74% |
About FCMI
NA
About XTR
iShares Diversified Monthly Income ETF (XTR.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both FCMI and XTR 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, XTR 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 XTR?
FCMI (Fidelity Canadian Monthly High Income ETF) and XTR (iShares Diversified Monthly Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($14M vs $378M), dividend yield (3.18% vs 3.93%), and year-to-date performance (+7.19% vs +5.56%).
Is FCMI better than XTR?
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 XTR on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both FCMI and XTR should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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