DRAI vs. FEQT.NEO
DRAI (Draco Evolution AI ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, DRAI returned 41.96% vs 23.14% for FEQT.NEO. A 0.64 correlation means they provide meaningful diversification when combined. DRAI charges 1.50%/yr vs 0.43%/yr for FEQT.NEO.
Performance
DRAI vs. FEQT.NEO - Performance Comparison
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Different Trading Currencies
DRAI 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
In the year-to-date period, DRAI achieves a 18.51% return, which is significantly higher than FEQT.NEO's 8.94% return.
DRAI
- 1D
- -0.50%
- 1M
- 7.63%
- YTD
- 18.51%
- 6M
- 16.55%
- 1Y
- 41.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEQT.NEO
- 1D
- -0.78%
- 1M
- 1.94%
- YTD
- 8.94%
- 6M
- 11.06%
- 1Y
- 23.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRAI vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DRAI Draco Evolution AI ETF | 18.51% | 33.68% | -7.70% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 8.94% | 25.15% | 5.29% |
Correlation
The correlation between DRAI and FEQT.NEO is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | 0.64 |
The correlation between DRAI and FEQT.NEO has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
DRAI vs. FEQT.NEO — Risk / Return Rank
DRAI
FEQT.NEO
DRAI vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Draco Evolution AI ETF (DRAI) 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.
| DRAI | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.95 | 1.94 | +1.00 |
Sortino ratioReturn per unit of downside risk | 3.91 | 2.69 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 5.84 | 2.54 | +3.30 |
Martin ratioReturn relative to average drawdown | 16.23 | 11.11 | +5.12 |
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
| DRAI | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | 1.94 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.56 | -0.23 |
Drawdowns
DRAI vs. FEQT.NEO - Drawdown Comparison
The maximum DRAI drawdown since its inception was -13.69%, roughly equal to the maximum FEQT.NEO drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for DRAI and FEQT.NEO.
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Drawdown Indicators
| DRAI | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.69% | -13.08% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.15% | +1.93% |
Current DrawdownCurrent decline from peak | -0.50% | -1.66% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -1.60% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.09% | +0.50% |
Volatility
DRAI vs. FEQT.NEO - Volatility Comparison
Draco Evolution AI ETF (DRAI) has a higher volatility of 5.23% compared to Fidelity All-in-One Equity ETF Fund (FEQT.NEO) at 4.07%. This indicates that DRAI's price experiences larger fluctuations and is considered to be riskier than FEQT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRAI | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.07% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 9.60% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 11.96% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 13.48% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 13.48% | +3.27% |
DRAI vs. FEQT.NEO - Expense Ratio Comparison
DRAI has a 1.50% expense ratio, which is higher than FEQT.NEO's 0.43% expense ratio.
Dividends
DRAI vs. FEQT.NEO - Dividend Comparison
DRAI's dividend yield for the trailing twelve months is around 1.30%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DRAI Draco Evolution AI ETF | 1.30% | 1.48% | 2.18% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% |
Frequently Asked Questions
DRAI and FEQT.NEO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEQT.NEO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEQT.NEO is cheaper with a 0.43% expense ratio, compared with 1.50% for DRAI.
They also come from different issuers: Draco Evolution and Fidelity. Their fees differ too: 1.50% for DRAI and 0.43% for FEQT.NEO.
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