FCIN.NEO vs. DRFG.TO
FCIN.NEO (Fidelity All-International Equity ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past year, FCIN.NEO returned 26.19% vs 29.11% for DRFG.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
FCIN.NEO vs. DRFG.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCIN.NEO having a 13.91% return and DRFG.TO slightly lower at 13.90%.
FCIN.NEO
- 1D
- -0.63%
- 1M
- -0.69%
- 6M
- 7.34%
- YTD
- 13.91%
- 1Y
- 26.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
FCIN.NEO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCIN.NEO Fidelity All-International Equity ETF | 13.91% | 27.93% | 11.47% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 22.28% |
Correlation
The correlation between FCIN.NEO and DRFG.TO is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2024 | 0.46 |
The correlation between FCIN.NEO and DRFG.TO shifts across timeframes, from 0.46 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCIN.NEO vs. DRFG.TO — Risk / Return Rank
FCIN.NEO
DRFG.TO
FCIN.NEO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-International Equity ETF (FCIN.NEO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.
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.
| FCIN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.48 | -0.73 |
| Martin ratioReturn relative to average drawdown | 10.59 | 13.73 | -3.14 |
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Drawdowns
FCIN.NEO vs. DRFG.TO - Drawdown Comparison
The maximum FCIN.NEO drawdown since its inception was -12.34%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for FCIN.NEO and DRFG.TO.
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Drawdown Indicators
| FCIN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -27.73% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -8.40% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.09% | — |
Current DrawdownCurrent decline from peak | -3.13% | -2.91% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -4.62% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.13% | +0.35% |
Volatility
FCIN.NEO vs. DRFG.TO - Volatility Comparison
Fidelity All-International Equity ETF (FCIN.NEO) has a higher volatility of 3.57% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that FCIN.NEO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.31% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 10.85% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 12.99% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 12.73% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 14.24% | +0.07% |
Dividends
FCIN.NEO vs. DRFG.TO - Dividend Comparison
FCIN.NEO's dividend yield for the trailing twelve months is around 1.12%, less than DRFG.TO's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
FCIN.NEO Fidelity All-International Equity ETF | 1.12% | 1.28% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCIN.NEO and DRFG.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Fidelity and Desjardins.
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