A side-by-side comparison of IA Clarington Strategic Income Fund ETF (ISIF) and Fidelity Canadian Monthly High Income ETF (FCMI) 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 | ISIF | FCMI |
|---|---|---|
| YTD Return | +3.46% | +7.19%✓ |
| 1-Day Change | +0.07%✓ | -0.19% |
| 1-Week Change | +0.07% | +0.64%✓ |
| 1-Month Change | +2.99%✓ | +1.36% |
| Current Price | $13.45 | $15.65 |
| AUM | $2M | $14M✓ |
| MER (Expense Ratio) | 0%✓ | 0.5% |
| Dividend Yield | 2.74% | 3.18%✓ |
| Distribution Frequency | — | — |
| Inception Date | 2019-11-04 | 2020-01-16 |
| Holdings Count | 8 | 8 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Canadian Neutral Balanced | Canadian Neutral Balanced |
| Beta | 0.95 | 0.99 |
| 52-Week High | $13.48 | $15.79 |
| 52-Week Low | $12.35 | $12.96 |
| 50-Day MA | $13.21 | $15.47 |
| 200-Day MA | $13.03 | $14.92 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ISIF | FCMI |
|---|---|---|
| YTD | +3.46% | +7.19%✓ |
| 1 Year | +10.36% | +21.91%✓ |
| 3 Year | +11.14% | +14.22%✓ |
| 5 Year | +6.77% | +8.21%✓ |
| 10 Year | — | — |
| 1Y Volatility | 4.60% | 5.72% |
| Sharpe Ratio (3Y) | 1.08 | 1.39 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | TD | Toronto Dominion Bank | 3.09% |
| 2 | RY | Royal Bank of Canada | 2.77% |
| 3 | FTS | Fortis Inc | 2.57% |
| 4 | L | Loblaw Companies Limited | 2.41% |
| 5 | CP | Canadian Pacific Railway Ltd | 2.33% |
| 6 | JNJ | Johnson & Johnson | 2.11% |
| 7 | CM | Canadian Imperial Bank Of Commerce | 1.85% |
| 8 | ATRL | AtkinsRealis Group Inc | 1.49% |
| 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% |
Sector Weights
| Sector | ISIF | FCMI |
|---|---|---|
| Basic Materials | 5.93% | 11.32% |
| Communication Services | 3.57% | 5.56% |
| Consumer Cyclicals | 5.25% | 10.52% |
| Consumer Defensive | 6.66% | 1.71% |
| Energy | 11.19% | 20.55% |
| Financial Services | 26.47% | 22.83% |
| Healthcare | 3.76% | 1.81% |
| Industrials | 17.19% | 5.56% |
| Real Estate | 5.60% | 6.75% |
| Technology | 4.43% | 5.82% |
| Utilities | 9.95% | 7.57% |
About ISIF
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About FCMI
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Which ETF is Right for You?
Both ISIF and FCMI 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 ISIF and FCMI?
ISIF (IA Clarington Strategic Income Fund ETF) and FCMI (Fidelity Canadian Monthly High Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($2M vs $14M), dividend yield (2.74% vs 3.18%), and year-to-date performance (+3.46% vs +7.19%).
Is ISIF better than FCMI?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ISIF and FCMI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ISIF and FCMI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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