ASET vs. FEQT.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about FlexShares Real Assets Allocation Index Fund (ASET) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO).

ASET and FEQT.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. FEQT.NEO is an actively managed fund by Fidelity. It was launched on Jan 20, 2022.

Performance

ASET vs. FEQT.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). The values are adjusted to include any dividend payments, if applicable.

ASET vs. FEQT.NEO - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	-2.43%

Different Trading Currencies

ASET is traded in USD, while FEQT.NEO is traded in CAD. To make them comparable, the FEQT.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQT.NEO

• 1D: 1.06%
• 1M: -4.99%
• YTD: 1.08%
• 6M: 3.89%
• 1Y: 21.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASET vs. FEQT.NEO - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is higher than FEQT.NEO's 0.43% expense ratio.

ASET

FlexShares Real Assets Allocation Index Fund

FEQT.NEO

Fidelity All-in-One Equity ETF Fund

Return for Risk

ASET vs. FEQT.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEQT.NEO

FEQT.NEO Risk / Return Rank: 67
FEQT.NEO Sharpe Ratio Rank: 68
FEQT.NEO Sortino Ratio Rank: 67
FEQT.NEO Omega Ratio Rank: 68
FEQT.NEO Calmar Ratio Rank: 62
FEQT.NEO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASET vs. FEQT.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) and Fidelity All-in-One Equity ETF Fund (FEQT.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASET	FEQT.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.20	—

Dividends

ASET vs. FEQT.NEO - Dividend Comparison

Neither ASET nor FEQT.NEO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ASET vs. FEQT.NEO - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum FEQT.NEO drawdown of -13.86%. Use the drawdown chart below to compare losses from any high point for ASET and FEQT.NEO.

Drawdown Indicators

	ASET	FEQT.NEO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.24%	+13.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.15%	—
Current Drawdown Current decline from peak	0.00%	-4.10%	+4.10%
Average Drawdown Average peak-to-trough decline	0.00%	-1.49%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	ASET	FEQT.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.04%	-16.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.36%	-14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	14.36%	-14.36%