CEQT.TO vs. FEQT.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Equity Asset Allocation ETF (CEQT.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO).

CEQT.TO 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. CEQT.TO is an actively managed fund by CI. It was launched on May 17, 2023. FEQT.NEO is an actively managed fund by Fidelity. It was launched on Jan 20, 2022.

Performance

CEQT.TO vs. FEQT.NEO - Performance Comparison

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

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

	2026 (YTD)	2025	2024
CEQT.TO CI Equity Asset Allocation ETF	-1.84%	18.84%	18.26%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	1.32%	18.36%	13.06%

Returns By Period

In the year-to-date period, CEQT.TO achieves a -1.84% return, which is significantly lower than FEQT.NEO's 1.32% return.

CEQT.TO

• 1D: -0.49%
• 1M: -6.66%
• YTD: -1.84%
• 6M: 1.25%
• 1Y: 18.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQT.NEO

• 1D: 2.79%
• 1M: -4.51%
• YTD: 1.32%
• 6M: 3.17%
• 1Y: 17.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEQT.TO vs. FEQT.NEO - Expense Ratio Comparison

CEQT.TO has a 0.30% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.

FEQT.NEO

Fidelity All-in-One Equity ETF Fund

CEQT.TO

CI Equity Asset Allocation ETF

Return for Risk

CEQT.TO vs. FEQT.NEO — Risk / Return Rank

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

CEQT.TO

CEQT.TO Risk / Return Rank: 59
CEQT.TO Sharpe Ratio Rank: 54
CEQT.TO Sortino Ratio Rank: 55
CEQT.TO Omega Ratio Rank: 88
CEQT.TO Calmar Ratio Rank: 45
CEQT.TO Martin Ratio Rank: 56

FEQT.NEO

FEQT.NEO Risk / Return Rank: 69
FEQT.NEO Sharpe Ratio Rank: 69
FEQT.NEO Sortino Ratio Rank: 67
FEQT.NEO Omega Ratio Rank: 69
FEQT.NEO Calmar Ratio Rank: 68
FEQT.NEO Martin Ratio Rank: 74

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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Equity Asset Allocation ETF (CEQT.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.

	CEQT.TO	FEQT.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.15	-0.17
Sortino ratio Return per unit of downside risk	1.46	1.64	-0.18
Omega ratio Gain probability vs. loss probability	1.36	1.24	+0.12
Calmar ratio Return relative to maximum drawdown	1.19	1.64	-0.45
Martin ratio Return relative to average drawdown	5.56	7.24	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEQT.TO vs. FEQT.NEO - Sharpe Ratio Comparison

The current CEQT.TO Sharpe Ratio is 0.98, which is comparable to the FEQT.NEO Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of CEQT.TO and FEQT.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEQT.TO	FEQT.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.15	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.33	+0.02

Correlation

The correlation between CEQT.TO and FEQT.NEO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CEQT.TO vs. FEQT.NEO - Dividend Comparison

CEQT.TO's dividend yield for the trailing twelve months is around 1.04%, while FEQT.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023
CEQT.TO CI Equity Asset Allocation ETF	1.04%	1.25%	1.82%	1.06%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.00%	0.00%	0.00%	0.00%

Drawdowns

CEQT.TO vs. FEQT.NEO - Drawdown Comparison

The maximum CEQT.TO drawdown since its inception was -14.02%, which is greater than FEQT.NEO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for CEQT.TO and FEQT.NEO.

Drawdown Indicators

	CEQT.TO	FEQT.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-13.24%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-11.15%	-0.34%
Current Drawdown Current decline from peak	-7.26%	-5.00%	-2.26%
Average Drawdown Average peak-to-trough decline	-1.20%	-1.49%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.53%	+0.37%

Volatility

CEQT.TO vs. FEQT.NEO - Volatility Comparison

The current volatility for CI Equity Asset Allocation ETF (CEQT.TO) is 3.60%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 5.83%. This indicates that CEQT.TO experiences smaller price fluctuations and is considered to be less risky than FEQT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEQT.TO	FEQT.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	5.83%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	9.34%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	15.04%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	13.27%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	13.27%	-0.33%