CIE.NEO vs. FGEP.TO
CIE.NEO (iShares International Fundamental Common Class) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. CIE.NEO is passively managed, while FGEP.TO is actively managed. Over the past year, CIE.NEO returned 39.49% vs 33.16% for FGEP.TO. A 0.62 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 1.16%/yr for FGEP.TO.
Performance
CIE.NEO vs. FGEP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly higher than FGEP.TO's 16.78% return.
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
FGEP.TO
- 1D
- -0.40%
- 1M
- 6.04%
- YTD
- 16.78%
- 6M
- 17.33%
- 1Y
- 33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CIE.NEO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 1.75% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 16.78% | 17.44% | 9.99% |
Correlation
The correlation between CIE.NEO and FGEP.TO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.62 |
The correlation between CIE.NEO and FGEP.TO has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
CIE.NEO vs. FGEP.TO — Risk / Return Rank
CIE.NEO
FGEP.TO
CIE.NEO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and Fidelity Global Equity+ Fund ETF (FGEP.TO). 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.
| CIE.NEO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.61 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.67 | -1.09 |
| Martin ratioReturn relative to average drawdown | 14.78 | 19.65 | -4.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIE.NEO | FGEP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 3.19 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.78 | -1.34 |
Drawdowns
CIE.NEO vs. FGEP.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and FGEP.TO.
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Drawdown Indicators
| CIE.NEO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -14.78% | -25.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -7.14% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.66% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.64% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.69% | +0.99% |
Volatility
CIE.NEO vs. FGEP.TO - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 4.85% compared to Fidelity Global Equity+ Fund ETF (FGEP.TO) at 3.81%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than FGEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.81% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 8.34% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 10.47% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 12.70% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 12.70% | +5.49% |
CIE.NEO vs. FGEP.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is lower than FGEP.TO's 1.16% expense ratio.
Dividends
CIE.NEO vs. FGEP.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and FGEP.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIE.NEO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIE.NEO is cheaper with a 0.73% expense ratio, compared with 1.16% for FGEP.TO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.73% for CIE.NEO and 1.16% for FGEP.TO.
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