ARB.TO vs. FGLS.NEO
ARB.TO (Accelerate Arbitrage Fund) and FGLS.NEO (Fidelity Global Value Long/Short Alternative ETF) are both Long-Short funds. ARB.TO is passively managed, while FGLS.NEO is actively managed. Over the past year, ARB.TO returned 2.61% vs 12.65% for FGLS.NEO. At a correlation of -0.04, they often move in opposite directions. ARB.TO charges 1.38%/yr vs 1.51%/yr for FGLS.NEO.
Performance
ARB.TO vs. FGLS.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ARB.TO achieves a 0.86% return, which is significantly lower than FGLS.NEO's 8.43% return.
ARB.TO
- 1D
- -0.33%
- 1M
- -0.58%
- 6M
- -0.75%
- YTD
- 0.86%
- 1Y
- 2.61%
- 3Y*
- 6.52%
- 5Y*
- 3.81%
- 10Y*
- —
FGLS.NEO
- 1D
- 5.59%
- 1M
- 15.32%
- 6M
- 9.72%
- YTD
- 8.43%
- 1Y
- 12.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARB.TO vs. FGLS.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARB.TO Accelerate Arbitrage Fund | 0.86% | 10.14% | 5.17% |
FGLS.NEO Fidelity Global Value Long/Short Alternative ETF | 8.43% | 8.38% | -21.20% |
Correlation
The correlation between ARB.TO and FGLS.NEO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | -0.04 |
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Return for Risk
ARB.TO vs. FGLS.NEO — Risk / Return Rank
ARB.TO
FGLS.NEO
ARB.TO vs. FGLS.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Accelerate Arbitrage Fund (ARB.TO) and Fidelity Global Value Long/Short Alternative ETF (FGLS.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARB.TO | FGLS.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.60 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.17 | 1.23 | +0.93 |
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Drawdowns
ARB.TO vs. FGLS.NEO - Drawdown Comparison
The maximum ARB.TO drawdown since its inception was -13.46%, smaller than the maximum FGLS.NEO drawdown of -25.89%. Use the drawdown chart below to compare losses from any high point for ARB.TO and FGLS.NEO.
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Drawdown Indicators
| ARB.TO | FGLS.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.46% | -25.89% | +12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -21.12% | +18.62% |
Max Drawdown (3Y)Largest decline over 3 years | -2.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.18% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -7.51% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -14.44% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 10.29% | -9.08% |
Volatility
ARB.TO vs. FGLS.NEO - Volatility Comparison
The current volatility for Accelerate Arbitrage Fund (ARB.TO) is 1.89%, while Fidelity Global Value Long/Short Alternative ETF (FGLS.NEO) has a volatility of 11.09%. This indicates that ARB.TO experiences smaller price fluctuations and is considered to be less risky than FGLS.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARB.TO | FGLS.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 11.09% | -9.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.33% | 21.09% | -15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 27.47% | -19.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 24.00% | -16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 24.00% | -15.66% |
ARB.TO vs. FGLS.NEO - Expense Ratio Comparison
ARB.TO has a 1.38% expense ratio, which is lower than FGLS.NEO's 1.51% expense ratio.
Dividends
ARB.TO vs. FGLS.NEO - Dividend Comparison
ARB.TO's dividend yield for the trailing twelve months is around 3.79%, while FGLS.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ARB.TO Accelerate Arbitrage Fund | 3.79% | 3.75% | 3.98% | 3.56% | 3.09% | 2.63% | 1.24% |
FGLS.NEO Fidelity Global Value Long/Short Alternative ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARB.TO and FGLS.NEO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARB.TO is cheaper at 1.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARB.TO is cheaper with a 1.38% expense ratio, compared with 1.51% for FGLS.NEO.
Their fees differ too: 1.38% for ARB.TO and 1.51% for FGLS.NEO.
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