FCIN.NEO vs. EVO.TO
FCIN.NEO (Fidelity All-International Equity ETF) and EVO.TO (Evovest Global Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, FCIN.NEO returned 24.64% vs 10.39% for EVO.TO. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
FCIN.NEO vs. EVO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIN.NEO achieves a 11.90% return, which is significantly higher than EVO.TO's 9.29% return.
FCIN.NEO
- 1D
- 0.58%
- 1M
- 2.85%
- YTD
- 11.90%
- 6M
- 13.16%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVO.TO
- 1D
- 0.50%
- 1M
- 3.01%
- YTD
- 9.29%
- 6M
- -0.12%
- 1Y
- 10.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCIN.NEO vs. EVO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCIN.NEO Fidelity All-International Equity ETF | 11.90% | 28.04% | 3.59% |
EVO.TO Evovest Global Equity ETF | 9.29% | 14.20% | 6.29% |
Correlation
The correlation between FCIN.NEO and EVO.TO is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024 | 0.66 |
The correlation between FCIN.NEO and EVO.TO has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
FCIN.NEO vs. EVO.TO — Risk / Return Rank
FCIN.NEO
EVO.TO
FCIN.NEO vs. EVO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-International Equity ETF (FCIN.NEO) and Evovest Global Equity ETF (EVO.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 | EVO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.89 | +1.70 |
| Martin ratioReturn relative to average drawdown | 10.20 | 2.56 | +7.64 |
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
| FCIN.NEO | EVO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.68 | +1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.83 | +0.78 |
Drawdowns
FCIN.NEO vs. EVO.TO - Drawdown Comparison
The maximum FCIN.NEO drawdown since its inception was -12.34%, roughly equal to the maximum EVO.TO drawdown of -12.72%. Use the drawdown chart below to compare losses from any high point for FCIN.NEO and EVO.TO.
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Drawdown Indicators
| FCIN.NEO | EVO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -12.72% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -11.77% | +2.21% |
Current DrawdownCurrent decline from peak | -1.59% | -1.02% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -2.42% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.06% | -1.64% |
Volatility
FCIN.NEO vs. EVO.TO - Volatility Comparison
Fidelity All-International Equity ETF (FCIN.NEO) has a higher volatility of 5.36% compared to Evovest Global Equity ETF (EVO.TO) at 3.29%. This indicates that FCIN.NEO's price experiences larger fluctuations and is considered to be riskier than EVO.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 | EVO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 3.29% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 13.42% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 15.44% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 16.68% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 16.68% | -2.93% |
Dividends
FCIN.NEO vs. EVO.TO - Dividend Comparison
FCIN.NEO's dividend yield for the trailing twelve months is around 1.14%, more than EVO.TO's 0.56% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 0.56% | 0.61% | 0.78% |
FCIN.NEO Fidelity All-International Equity ETF | 1.14% | 1.28% | 1.52% |
Frequently Asked Questions
FCIN.NEO and EVO.TO have a correlation of 0.70, 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 National Bank Investments.
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