VS
Compare Fidelity Canadian Momentum Index ETF (FCCM) vs Mackenzie Canada Low Volatility ETF (MCLV) to find the best fit for your portfolio. FCCM provides Financials, Materials, and Energy exposures, while MCLV is primarily weighted in Financials, Energy, and Materials. When evaluating costs, FCCM features a management fee (MER) of 0.35%, compared to 0.45% for MCLV. Performance-wise, FCCM has returned 8.61% year-to-date with +$270 M in net flows, whereas MCLV is at 12.91% with +$38 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
FCCM
MCLV
| AuM | $1,130.00 M | $177.55 M |
| Management Fees | 0.35% | 0.45% |
| Exp. ratio | 0.38% | 0.50% |
| Tracking Difference | -0.38% | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCCM | -2.07% | +1.97% | +8.61% | +40.26% | +113.63% |
MCLV | +2.07% | +7.05% | +12.91% | +28.44% | - | |
| Flows | FCCM | +$58 M | +$169 M | +$270 M | +$530 M | +$833 M |
MCLV | +$12 M | +$22 M | +$38 M | +$43 M | - |
FCCM vs MCLV exposure
Countries
FCCM
Canada
93.23%
MCLV
Canada
96.04%
Sectors
FCCM
Financials
35.77%
Materials
19.06%
Energy
10.48%
Other
9.84%
Consumer Discretionary
8.84%
Utilities
8.80%
Other
7.21%
MCLV
Financials
31.31%
Energy
14.21%
Materials
11.75%
Industrials
10.18%
Consumer Staples
9.47%
Utilities
7.21%
Other
15.87%
As of June 10, 2026
Top 10 Holdings
FCCM
ROYAL BK CANADA
7.62%
TORONTO DOMINION
5.56%
AGNICO EAGLE MINES LTD
3.81%
BANK OF MONTREAL
3.46%
CDN IMPERIAL BK
3.31%
FORTIS
3.11%
ARITZIA
3.09%
BNS
3.07%
CA11271J1075
3.07%
DOLLARAMA
3.00%
MCLV
TORONTO DOMINION
4.10%
BNS
3.72%
HYDRO ONE
3.00%
CDN IMPERIAL BK
2.95%
BANK OF MONTREAL
2.76%
NATIONAL BANK OF CANADA
2.76%
GEORGE WESTON
2.75%
GREAT WEST LIFECO
2.71%
SUNCOR ENERGY
2.68%
CDN NATL RAILWAY
2.65%
Diversification
FCCM
Total weight of top 10 holdings out of 53 total
39.11%
MCLV
Total weight of top 10 holdings out of 82 total
30.08%
Characteristics
Compare
FCCM
MCLV
| Provider | Fidelity | Mackenzie Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Fidelity Canada Canadian Momentum GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.86% | 1.81% |
| Meets ESG criteria | No | Yes |
| Inception Date | June 10, 2020 | June 6, 2024 |
Frequently asked questions about FCCM and MCLV
Which ETF has performed better year to date: FCCM or MCLV?
As of June 10, 2026, FCCM has returned 8.61% year to date, while MCLV has returned 12.91%. MCLV is ahead on YTD performance.
Which ETF is larger by assets under management: FCCM or MCLV?
As of June 10, 2026, FCCM manages $1.13 B in assets, while MCLV manages $177.55 M. FCCM is the larger fund by AUM.
How are FCCM and MCLV managed?
FCCM is passively managed by Fidelity. It tracks the Fidelity Canada Canadian Momentum GTR Index - CAD benchmark. MCLV is actively managed by Mackenzie Investments. It does not track an index.
What sectors do FCCM and MCLV emphasize?
FCCM is most exposed to Financials, Materials, and Energy. MCLV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: FCCM or MCLV?
Year to date, FCCM has seen +$270.18 M in net flows, compared with +$37.86 M for MCLV. FCCM has attracted more net investor money so far.
How do the fees of FCCM and MCLV compare?
FCCM has an expense ratio of 0.38%, while MCLV has an expense ratio of 0.50%.
What are the top holdings of FCCM and MCLV?
FCCM's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and AGNICO EAGLE MINES LTD. MCLV's top holdings include TORONTO DOMINION, BNS, and HYDRO ONE.
Which ETF is more diversified: FCCM or MCLV?
FCCM holds 53 securities, while MCLV holds 81. On holdings count, MCLV is the more diversified portfolio.
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