FCIM.NEO vs. FEQT.NEO
FCIM.NEO (Fidelity International Momentum Index ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCIM.NEO is a Momentum fund tracking the Fidelity Canada International Momentum Index, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. FCIM.NEO is passively managed, while FEQT.NEO is actively managed. Over the past year, FCIM.NEO returned 38.70% vs 25.84% for FEQT.NEO. A 0.72 correlation means they provide meaningful diversification when combined. FCIM.NEO charges 0.45%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCIM.NEO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIM.NEO achieves a 20.61% return, which is significantly higher than FEQT.NEO's 10.90% return.
FCIM.NEO
- 1D
- 0.48%
- 1M
- 6.20%
- YTD
- 20.61%
- 6M
- 23.45%
- 1Y
- 38.70%
- 3Y*
- 31.32%
- 5Y*
- 18.33%
- 10Y*
- —
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCIM.NEO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 20.61% | 37.03% | 6.75% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
Correlation
The correlation between FCIM.NEO and FEQT.NEO is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.72 |
The correlation between FCIM.NEO and FEQT.NEO has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
FCIM.NEO vs. FEQT.NEO — Risk / Return Rank
FCIM.NEO
FEQT.NEO
FCIM.NEO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Momentum Index ETF (FCIM.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.
| FCIM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.12 | -0.18 |
| Martin ratioReturn relative to average drawdown | 12.01 | 13.53 | -1.53 |
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
| FCIM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.36 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 1.79 | -0.66 |
Drawdowns
FCIM.NEO vs. FEQT.NEO - Drawdown Comparison
The maximum FCIM.NEO drawdown since its inception was -26.89%, 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 FCIM.NEO and FEQT.NEO.
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Drawdown Indicators
| FCIM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.89% | -13.24% | -13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -8.31% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.48% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -1.45% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.91% | +1.32% |
Volatility
FCIM.NEO vs. FEQT.NEO - Volatility Comparison
Fidelity International Momentum Index ETF (FCIM.NEO) has a higher volatility of 6.67% compared to Fidelity All-in-One Equity ETF Fund (FEQT.NEO) at 3.90%. This indicates that FCIM.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
| FCIM.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 3.90% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 8.89% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 11.02% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 12.44% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 12.44% | +4.01% |
FCIM.NEO vs. FEQT.NEO - Expense Ratio Comparison
FCIM.NEO has a 0.45% expense ratio, which is higher than FEQT.NEO's 0.43% expense ratio.
Dividends
FCIM.NEO vs. FEQT.NEO - Dividend Comparison
FCIM.NEO's dividend yield for the trailing twelve months is around 1.32%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCIM.NEO Fidelity International Momentum Index ETF | 1.32% | 1.59% | 1.26% | 1.70% | 1.86% | 2.70% | 0.52% |
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
FCIM.NEO and FEQT.NEO have a correlation of 0.76, 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 0.45% for FCIM.NEO.
FCIM.NEO is categorized as Momentum, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.45% for FCIM.NEO and 0.43% for FEQT.NEO.
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