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FCIN.NEO vs. XEF-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCIN.NEO vs. XEF-U.TO

Last updated Jun 5, 2026

FCIN.NEO (Fidelity All-International Equity ETF) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds. FCIN.NEO is actively managed, while XEF-U.TO is passively managed. Over the past year, FCIN.NEO returned 24.64% vs 23.21% for XEF-U.TO. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

FCIN.NEO vs. XEF-U.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 iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FCIN.NEO is traded in CAD, while XEF-U.TO is traded in USD. To make them comparable, the XEF-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FCIN.NEO achieves a 11.90% return, which is significantly higher than XEF-U.TO's 10.75% return.

FCIN.NEO

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

XEF-U.TO

1D
0.97%
1M
4.89%
YTD
10.75%
6M
11.16%
1Y
23.21%
3Y*
17.45%
5Y*
10.42%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCIN.NEO vs. XEF-U.TO - Yearly Performance Comparison

2026 (YTD)20252024
FCIN.NEO
Fidelity All-International Equity ETF		11.90%28.04%11.14%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		10.75%25.22%9.75%

Correlation

The correlation between FCIN.NEO and XEF-U.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2024

0.68

The correlation between FCIN.NEO and XEF-U.TO shifts across timeframes, from 0.68 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Fidelity All-International Equity ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with FCIN.NEO:
FCIN.NEO vs. FCID.TOFCIN.NEO vs. BREA.TOFCIN.NEO vs. XMY.TOFCIN.NEO vs. BGIE.TOFCIN.NEO vs. MEQT.TOFCIN.NEO vs. TINF.TOFCIN.NEO vs. CYH.TO
Often compared with XEF-U.TO:
XEF-U.TO vs. XEF.TOXEF-U.TO vs. VEAXEF-U.TO vs. VXUSXEF-U.TO vs. IEFAXEF-U.TO vs. ZSP.TOXEF-U.TO vs. VTIXEF-U.TO vs. IEMG

Return for Risk

FCIN.NEO vs. XEF-U.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: 5656
Overall Rank
FCIN.NEO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
FCIN.NEO Sortino Ratio Rank: 5555
Sortino Ratio Rank
FCIN.NEO Omega Ratio Rank: 5858
Omega Ratio Rank
FCIN.NEO Calmar Ratio Rank: 5353
Calmar Ratio Rank
FCIN.NEO Martin Ratio Rank: 5959
Martin Ratio Rank
XEF-U.TO
XEF-U.TO Risk / Return Rank: 4040
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 4040
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 4444
Martin Ratio Rank
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. XEF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-International Equity ETF (FCIN.NEO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.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.NEOXEF-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.87
1.65

+0.22

Sortino ratioReturn per unit of downside risk
2.62
2.29

+0.33

Omega ratioGain probability vs. loss probability

1.35

1.30

+0.05

Calmar ratioReturn relative to maximum drawdown

2.59

2.07

+0.52

Martin ratioReturn relative to average drawdown

10.20

8.33

+1.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCIN.NEO vs. XEF-U.TO - Sharpe Ratio Comparison

The current FCIN.NEO Sharpe Ratio is 1.87, which is comparable to the XEF-U.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FCIN.NEO and XEF-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FCIN.NEOXEF-U.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

1.65

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.92

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.92

+0.69

Drawdowns

FCIN.NEO vs. XEF-U.TO - Drawdown Comparison

The maximum FCIN.NEO drawdown since its inception was -12.34%, smaller than the maximum XEF-U.TO drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for FCIN.NEO and XEF-U.TO.

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Drawdown Indicators

FCIN.NEOXEF-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.34%

-27.28%

+14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

-11.37%

+1.81%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.81%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.05%

—

Current Drawdown

Current decline from peak

-1.59%

-0.09%

-1.50%

Average Drawdown

Average peak-to-trough decline

-1.55%

-3.89%

+2.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.81%

-0.39%

Volatility

FCIN.NEO vs. XEF-U.TO - Volatility Comparison

Fidelity All-International Equity ETF (FCIN.NEO) has a higher volatility of 5.36% compared to iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) at 4.63%. This indicates that FCIN.NEO's price experiences larger fluctuations and is considered to be riskier than XEF-U.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.NEOXEF-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.36%

4.63%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

10.88%

11.86%

-0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

13.22%

14.28%

-1.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

17.82%

-4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.75%

20.34%

-6.59%

Dividends

FCIN.NEO vs. XEF-U.TO - Dividend Comparison

FCIN.NEO's dividend yield for the trailing twelve months is around 1.14%, less than XEF-U.TO's 1.62% yield.

PositionTTM2025202420232022202120202019
FCIN.NEO
Fidelity All-International Equity ETF		1.14%1.28%1.52%0.00%0.00%0.00%0.00%0.00%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		1.62%1.77%2.05%2.09%2.27%1.94%1.41%0.77%

Frequently Asked Questions

FCIN.NEO and XEF-U.TO have a correlation of 0.82, 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 iShares.

Portfolio Optimizer

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