FCIN.NEO vs. CAGE.TO

Last updated Jun 5, 2026

FCIN.NEO (Fidelity All-International Equity ETF) and CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) are both Global Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

FCIN.NEO vs. CAGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-International Equity ETF (FCIN.NEO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCIN.NEO

• 1D: 0.58%
• 1M: 2.85%
• YTD: 11.90%
• 6M: 13.16%
• 1Y: 24.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAGE.TO

• 1D: 0.67%
• 1M: 5.30%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCIN.NEO vs. CAGE.TO - Yearly Performance Comparison

	2026 (YTD)
FCIN.NEO Fidelity All-International Equity ETF	6.74%
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	12.46%

Correlation

The correlation between FCIN.NEO and CAGE.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.63

Return for Risk

FCIN.NEO vs. CAGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCIN.NEO

FCIN.NEO Risk / Return Rank: 56
FCIN.NEO Sharpe Ratio Rank: 56
FCIN.NEO Sortino Ratio Rank: 55
FCIN.NEO Omega Ratio Rank: 58
FCIN.NEO Calmar Ratio Rank: 53
FCIN.NEO Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCIN.NEO vs. CAGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-International Equity ETF (FCIN.NEO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO). 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.

	FCIN.NEO	CAGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	10.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FCIN.NEO	CAGE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	4.71	-3.10

Drawdowns

FCIN.NEO vs. CAGE.TO - Drawdown Comparison

The maximum FCIN.NEO drawdown since its inception was -12.34%, which is greater than CAGE.TO's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for FCIN.NEO and CAGE.TO.

Drawdown Indicators

	FCIN.NEO	CAGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.34%	-2.93%	-9.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	—	—
Current Drawdown Current decline from peak	-1.59%	-1.31%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.55%	-0.73%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	—	—

Volatility

Volatility by Period

	FCIN.NEO	CAGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	15.63%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	15.63%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	15.63%	-1.88%

Dividends

FCIN.NEO vs. CAGE.TO - Dividend Comparison

FCIN.NEO's dividend yield for the trailing twelve months is around 1.14%, while CAGE.TO has not paid dividends to shareholders.

Position	TTM	2025	2024
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	0.00%	0.00%	0.00%
FCIN.NEO Fidelity All-International Equity ETF	1.14%	1.28%	1.52%

Frequently Asked Questions

Can I hold both FCIN.NEO and CAGE.TO in my portfolio?

FCIN.NEO and CAGE.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FCIN.NEO and CAGE.TO?

They also come from different issuers: Fidelity and Avantis.