FCCM.NEO vs. FEQT.NEO
FCCM.NEO (Fidelity Canadian Momentum Index ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. FCCM.NEO is passively managed, while FEQT.NEO is actively managed. Over the past year, FCCM.NEO returned 44.14% vs 25.84% for FEQT.NEO. A 0.73 correlation means they provide meaningful diversification when combined. FCCM.NEO charges 0.38%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCCM.NEO vs. FEQT.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCCM.NEO having a 11.11% return and FEQT.NEO slightly lower at 10.90%.
FCCM.NEO
- 1D
- 1.32%
- 1M
- 3.24%
- YTD
- 11.11%
- 6M
- 12.84%
- 1Y
- 44.14%
- 3Y*
- 29.52%
- 5Y*
- 19.08%
- 10Y*
- —
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCM.NEO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 11.11% | 43.17% | 17.25% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
Correlation
The correlation between FCCM.NEO and FEQT.NEO is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.73 |
The correlation between FCCM.NEO and FEQT.NEO has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
FCCM.NEO vs. FEQT.NEO — Risk / Return Rank
FCCM.NEO
FEQT.NEO
FCCM.NEO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Momentum Index ETF (FCCM.NEO) 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.
| FCCM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.44 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.12 | +0.46 |
| Martin ratioReturn relative to average drawdown | 15.61 | 13.53 | +2.08 |
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
| FCCM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.36 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.79 | -0.45 |
Drawdowns
FCCM.NEO vs. FEQT.NEO - Drawdown Comparison
The maximum FCCM.NEO drawdown since its inception was -16.59%, 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 FCCM.NEO and FEQT.NEO.
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Drawdown Indicators
| FCCM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -13.24% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -8.31% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.59% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -0.48% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -1.45% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 1.91% | +0.92% |
Volatility
FCCM.NEO vs. FEQT.NEO - Volatility Comparison
Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a higher volatility of 5.20% compared to Fidelity All-in-One Equity ETF Fund (FEQT.NEO) at 3.90%. This indicates that FCCM.NEO'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
| FCCM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.90% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 8.89% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 11.02% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 12.44% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 12.44% | +0.97% |
FCCM.NEO vs. FEQT.NEO - Expense Ratio Comparison
FCCM.NEO has a 0.38% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCCM.NEO vs. FEQT.NEO - Dividend Comparison
FCCM.NEO's dividend yield for the trailing twelve months is around 0.82%, which matches FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.82% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCCM.NEO and FEQT.NEO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCM.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCM.NEO is cheaper with a 0.38% expense ratio, compared with 0.43% for FEQT.NEO.
FCCM.NEO is categorized as Momentum, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.38% for FCCM.NEO and 0.43% for FEQT.NEO.
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