FCCV.TO vs. FEQT.NEO
FCCV.TO (Fidelity Canadian Value ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCCV.TO is a Canada Equities fund tracking the Fidelity Canada Canadian Value Index, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. FCCV.TO is passively managed, while FEQT.NEO is actively managed. Over the past year, FCCV.TO returned 46.84% vs 24.74% for FEQT.NEO. A 0.71 correlation means they provide meaningful diversification when combined. FCCV.TO charges 0.35%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCCV.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCCV.TO achieves a 15.39% return, which is significantly higher than FEQT.NEO's 10.30% return.
FCCV.TO
- 1D
- -1.10%
- 1M
- 5.29%
- YTD
- 15.39%
- 6M
- 17.25%
- 1Y
- 46.84%
- 3Y*
- 24.94%
- 5Y*
- 17.48%
- 10Y*
- —
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCV.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCCV.TO Fidelity Canadian Value ETF | 15.39% | 36.93% | 11.57% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between FCCV.TO and FEQT.NEO is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.71 |
The correlation between FCCV.TO and FEQT.NEO has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
FCCV.TO vs. FEQT.NEO — Risk / Return Rank
FCCV.TO
FEQT.NEO
FCCV.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Value ETF (FCCV.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.
| FCCV.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.42 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.99 | +1.82 |
| Martin ratioReturn relative to average drawdown | 21.76 | 12.96 | +8.80 |
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
| FCCV.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 2.26 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 1.77 | -0.31 |
Drawdowns
FCCV.TO vs. FEQT.NEO - Drawdown Comparison
The maximum FCCV.TO drawdown since its inception was -19.81%, 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 FCCV.TO and FEQT.NEO.
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Drawdown Indicators
| FCCV.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.81% | -13.24% | -6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -8.31% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.02% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -1.45% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.91% | +0.25% |
Volatility
FCCV.TO vs. FEQT.NEO - Volatility Comparison
Fidelity Canadian Value ETF (FCCV.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO) have volatilities of 3.95% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCCV.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.89% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 8.88% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 11.01% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 12.45% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 12.45% | +2.32% |
FCCV.TO vs. FEQT.NEO - Expense Ratio Comparison
FCCV.TO has a 0.35% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCCV.TO vs. FEQT.NEO - Dividend Comparison
FCCV.TO's dividend yield for the trailing twelve months is around 1.59%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCCV.TO Fidelity Canadian Value ETF | 1.59% | 1.84% | 2.59% | 3.01% | 2.45% | 1.66% | 1.59% |
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
FCCV.TO and FEQT.NEO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCV.TO is cheaper with a 0.35% expense ratio, compared with 0.43% for FEQT.NEO.
FCCV.TO is categorized as Canada Equities, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.35% for FCCV.TO and 0.43% for FEQT.NEO.
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