CAGE.TO vs. FEQT.NEO

Last updated Jun 4, 2026

CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - CAGE.TO is a Global Equities fund actively managed by Avantis, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

CAGE.TO vs. FEQT.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAGE.TO

• 1D: -0.31%
• 1M: 5.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQT.NEO

• 1D: -0.38%
• 1M: 4.01%
• YTD: 10.30%
• 6M: 10.63%
• 1Y: 24.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAGE.TO vs. FEQT.NEO - Yearly Performance Comparison

	2026 (YTD)
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	11.71%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	9.77%

Correlation

The correlation between CAGE.TO and FEQT.NEO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.82

Return for Risk

CAGE.TO 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: 66
FEQT.NEO Sharpe Ratio Rank: 67
FEQT.NEO Sortino Ratio Rank: 68
FEQT.NEO Omega Ratio Rank: 69
FEQT.NEO Calmar Ratio Rank: 60
FEQT.NEO Martin Ratio Rank: 69

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.

CAGE.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO) 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

	CAGE.TO	FEQT.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.44	1.77	+2.67

Drawdowns

CAGE.TO vs. FEQT.NEO - Drawdown Comparison

The maximum CAGE.TO drawdown since its inception was -2.93%, smaller than the maximum FEQT.NEO drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CAGE.TO and FEQT.NEO.

Drawdown Indicators

	CAGE.TO	FEQT.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-2.93%	-13.24%	+10.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.31%	—
Current Drawdown Current decline from peak	-1.96%	-1.02%	-0.94%
Average Drawdown Average peak-to-trough decline	-0.72%	-1.45%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	CAGE.TO	FEQT.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	11.01%	+4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	12.45%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	12.45%	+3.30%

Dividends

CAGE.TO vs. FEQT.NEO - Dividend Comparison

CAGE.TO has not paid dividends to shareholders, while FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	0.00%	0.00%	0.00%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.82%	0.91%	0.91%

Frequently Asked Questions

Can I hold both CAGE.TO and FEQT.NEO in my portfolio?

CAGE.TO and FEQT.NEO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CAGE.TO and FEQT.NEO?

CAGE.TO is categorized as Global Equities, while FEQT.NEO is Diversified Portfolio. They also come from different issuers: Avantis and Fidelity.