FCCQ.TO vs. FFIX.NEO
FCCQ.TO (Fidelity Canadian High Quality ETF) and FFIX.NEO (Fidelity All-in-One Fixed Income ETF) are both exchange-traded funds - FCCQ.TO is a Canada Equities fund tracking the Fidelity Canada Canadian High Quality Index, while FFIX.NEO is a Global Bonds fund actively managed by Fidelity. FCCQ.TO is passively managed, while FFIX.NEO is actively managed. Over the past year, FCCQ.TO returned 29.84% vs 4.39% for FFIX.NEO. At a 0.26 correlation, their price movements are largely independent. FCCQ.TO charges 0.35%/yr vs 0.33%/yr for FFIX.NEO.
Performance
FCCQ.TO vs. FFIX.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCCQ.TO achieves a 6.98% return, which is significantly higher than FFIX.NEO's 1.12% return.
FCCQ.TO
- 1D
- 0.04%
- 1M
- -0.95%
- 6M
- 2.69%
- YTD
- 6.98%
- 1Y
- 29.84%
- 3Y*
- 22.09%
- 5Y*
- 13.46%
- 10Y*
- —
FFIX.NEO
- 1D
- 0.20%
- 1M
- 0.06%
- 6M
- 0.51%
- YTD
- 1.12%
- 1Y
- 4.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCQ.TO vs. FFIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCCQ.TO Fidelity Canadian High Quality ETF | 6.98% | 23.77% |
FFIX.NEO Fidelity All-in-One Fixed Income ETF | 1.12% | 2.76% |
Correlation
The correlation between FCCQ.TO and FFIX.NEO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025 | 0.26 |
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Return for Risk
FCCQ.TO vs. FFIX.NEO — Risk / Return Rank
FCCQ.TO
FFIX.NEO
FCCQ.TO vs. FFIX.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian High Quality ETF (FCCQ.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCCQ.TO | FFIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.71 | +0.94 |
| Martin ratioReturn relative to average drawdown | 10.62 | 4.88 | +5.74 |
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Drawdowns
FCCQ.TO vs. FFIX.NEO - Drawdown Comparison
The maximum FCCQ.TO drawdown since its inception was -35.56%, which is greater than FFIX.NEO's maximum drawdown of -2.57%. Use the drawdown chart below to compare losses from any high point for FCCQ.TO and FFIX.NEO.
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Drawdown Indicators
| FCCQ.TO | FFIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -2.57% | -32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -2.57% | -8.72% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | — | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.00% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -0.71% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 0.90% | +1.92% |
Volatility
FCCQ.TO vs. FFIX.NEO - Volatility Comparison
Fidelity Canadian High Quality ETF (FCCQ.TO) has a higher volatility of 2.96% compared to Fidelity All-in-One Fixed Income ETF (FFIX.NEO) at 1.39%. This indicates that FCCQ.TO's price experiences larger fluctuations and is considered to be riskier than FFIX.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCCQ.TO | FFIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 1.39% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 3.29% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 4.24% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 4.23% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 4.23% | +11.82% |
FCCQ.TO vs. FFIX.NEO - Expense Ratio Comparison
FCCQ.TO has a 0.35% expense ratio, which is higher than FFIX.NEO's 0.33% expense ratio.
Dividends
FCCQ.TO vs. FFIX.NEO - Dividend Comparison
FCCQ.TO's dividend yield for the trailing twelve months is around 1.49%, less than FFIX.NEO's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCCQ.TO Fidelity Canadian High Quality ETF | 1.49% | 1.44% | 1.85% | 2.41% | 2.33% | 1.92% | 2.14% | 2.33% |
FFIX.NEO Fidelity All-in-One Fixed Income ETF | 4.04% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCCQ.TO and FFIX.NEO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FFIX.NEO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FFIX.NEO is cheaper with a 0.33% expense ratio, compared with 0.35% for FCCQ.TO.
FCCQ.TO is categorized as Canada Equities, while FFIX.NEO is Global Bonds. Their fees differ too: 0.35% for FCCQ.TO and 0.33% for FFIX.NEO.
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