FCCD.TO vs. FEQT.NEO
FCCD.TO (Fidelity Canadian High Dividend Index ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCCD.TO is a Dividend fund tracking the Fidelity Canada Canadian High Dividend Index, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. FCCD.TO is passively managed, while FEQT.NEO is actively managed. Over the past year, FCCD.TO returned 32.15% vs 24.74% for FEQT.NEO. A 0.65 correlation means they provide meaningful diversification when combined. FCCD.TO charges 0.35%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCCD.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCCD.TO achieves a 14.15% return, which is significantly higher than FEQT.NEO's 10.30% return.
FCCD.TO
- 1D
- -0.07%
- 1M
- 3.50%
- YTD
- 14.15%
- 6M
- 15.72%
- 1Y
- 32.15%
- 3Y*
- 19.49%
- 5Y*
- 12.03%
- 10Y*
- —
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCD.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCCD.TO Fidelity Canadian High Dividend Index ETF | 14.15% | 25.05% | 9.42% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between FCCD.TO and FEQT.NEO is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.65 |
The correlation between FCCD.TO and FEQT.NEO has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
FCCD.TO vs. FEQT.NEO — Risk / Return Rank
FCCD.TO
FEQT.NEO
FCCD.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Dividend Index ETF (FCCD.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.
| FCCD.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.42 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | 2.99 | +2.71 |
| Martin ratioReturn relative to average drawdown | 27.08 | 12.96 | +14.12 |
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
| FCCD.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.87 | 2.26 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.77 | -1.15 |
Drawdowns
FCCD.TO vs. FEQT.NEO - Drawdown Comparison
The maximum FCCD.TO drawdown since its inception was -43.53%, 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 FCCD.TO and FEQT.NEO.
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Drawdown Indicators
| FCCD.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -13.24% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -8.31% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -1.02% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -1.45% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.91% | -0.72% |
Volatility
FCCD.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for Fidelity Canadian High Dividend Index ETF (FCCD.TO) is 2.54%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.89%. This indicates that FCCD.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.
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Volatility by Period
| FCCD.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 3.89% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.80% | 8.88% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 11.01% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 12.45% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 12.45% | +4.66% |
FCCD.TO vs. FEQT.NEO - Expense Ratio Comparison
FCCD.TO has a 0.35% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCCD.TO vs. FEQT.NEO - Dividend Comparison
FCCD.TO's dividend yield for the trailing twelve months is around 2.97%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCCD.TO Fidelity Canadian High Dividend Index ETF | 2.97% | 3.56% | 4.27% | 4.65% | 4.01% | 3.02% | 4.74% | 3.80% | 0.47% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCCD.TO and FEQT.NEO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCD.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCD.TO is cheaper with a 0.35% expense ratio, compared with 0.43% for FEQT.NEO.
FCCD.TO is categorized as Dividend, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.35% for FCCD.TO and 0.43% for FEQT.NEO.
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