A side-by-side comparison of iShares Diversified Monthly Income ETF (XTR) 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 | XTR | FCMI |
|---|---|---|
| YTD Return | +5.56% | +7.19%✓ |
| 1-Day Change | -0.16%✓ | -0.19% |
| 1-Week Change | -0.20% | +0.64%✓ |
| 1-Month Change | +1.31%✓ | +1.36% |
| Current Price | $12.34 | $15.65 |
| AUM | $378M✓ | $14M |
| MER (Expense Ratio) | 0%✓ | 0.5% |
| Dividend Yield | 3.93%✓ | 3.18% |
| Distribution Frequency | Monthly | — |
| Inception Date | 2005-12-19 | 2020-01-16 |
| Holdings Count | 10 | 8 |
| MorningStar Rating | ★★ | ★★★★ |
| Category | Canadian Neutral Balanced | Canadian Neutral Balanced |
| Beta | 0.79 | 0.99 |
| 52-Week High | $12.40 | $15.79 |
| 52-Week Low | $10.85 | $12.96 |
| 50-Day MA | $12.15 | $15.47 |
| 200-Day MA | $12.03 | $14.92 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | XTR | FCMI |
|---|---|---|
| YTD | +5.56% | +7.19%✓ |
| 1 Year | +13.75% | +21.91%✓ |
| 3 Year | +11.25% | +14.22%✓ |
| 5 Year | +6.04% | +8.21%✓ |
| 10 Year | +6.03% | — |
| 1Y Volatility | 4.30% | 5.72% |
| Sharpe Ratio (3Y) | 1.18 | 1.39 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 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% |
| 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 | XTR | FCMI |
|---|---|---|
| Basic Materials | 4.74% | 11.32% |
| Communication Services | 4.32% | 5.56% |
| Consumer Cyclicals | 6.11% | 10.52% |
| Consumer Defensive | 11.63% | 1.71% |
| Energy | 15.57% | 20.55% |
| Financial Services | 26.06% | 22.83% |
| Healthcare | 5.73% | 1.81% |
| Industrials | 6.84% | 5.56% |
| Real Estate | 0.86% | 6.75% |
| Technology | 10.39% | 5.82% |
| Utilities | 7.74% | 7.57% |
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.
About FCMI
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Which ETF is Right for You?
Both XTR 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, 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 XTR and FCMI?
XTR (iShares Diversified Monthly Income ETF) and FCMI (Fidelity Canadian Monthly High Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($378M vs $14M), dividend yield (3.93% vs 3.18%), and year-to-date performance (+5.56% vs +7.19%).
Is XTR 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 XTR and FCMI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both XTR and FCMI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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