FCIQ.TO vs. FGRO.NEO

Last updated Jul 16, 2026

FCIQ.TO (Fidelity International High Quality ETF) and FGRO.NEO (Fidelity All-in-One Growth ETF) are both exchange-traded funds - FCIQ.TO is a International Equity fund actively managed by Fidelity, while FGRO.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 13.48%/yr for FGRO.NEO. A 0.71 correlation means they provide meaningful diversification when combined. FCIQ.TO charges 0.45%/yr vs 0.42%/yr for FGRO.NEO.

Performance

FCIQ.TO vs. FGRO.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity International High Quality ETF (FCIQ.TO) and Fidelity All-in-One Growth ETF (FGRO.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly higher than FGRO.NEO's 10.79% return.

FCIQ.TO

• 1D: 0.90%
• 1M: 2.68%
• 6M: 7.49%
• YTD: 12.55%
• 1Y: 13.05%
• 3Y*: 13.45%
• 5Y*: 6.75%
• 10Y*: —

FGRO.NEO

• 1D: 0.11%
• 1M: 0.53%
• 6M: 6.87%
• YTD: 10.79%
• 1Y: 21.75%
• 3Y*: 20.57%
• 5Y*: 13.48%
• 10Y*: —

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

FCIQ.TO vs. FGRO.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FCIQ.TO Fidelity International High Quality ETF	12.55%	11.87%	11.21%	17.76%	-16.23%	5.25%
FGRO.NEO Fidelity All-in-One Growth ETF	10.79%	17.00%	25.97%	16.92%	-8.80%	16.52%

Correlation

The correlation between FCIQ.TO and FGRO.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 (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.71

The correlation between FCIQ.TO and FGRO.NEO has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

Return for Risk

FCIQ.TO vs. FGRO.NEO — Risk / Return Rank

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

FCIQ.TO

FCIQ.TO Risk / Return Rank: 30
FCIQ.TO Sharpe Ratio Rank: 28
FCIQ.TO Sortino Ratio Rank: 28
FCIQ.TO Omega Ratio Rank: 26
FCIQ.TO Calmar Ratio Rank: 34
FCIQ.TO Martin Ratio Rank: 33

FGRO.NEO

FGRO.NEO Risk / Return Rank: 79
FGRO.NEO Sharpe Ratio Rank: 82
FGRO.NEO Sortino Ratio Rank: 83
FGRO.NEO Omega Ratio Rank: 82
FGRO.NEO Calmar Ratio Rank: 71
FGRO.NEO Martin Ratio Rank: 79

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.

FCIQ.TO vs. FGRO.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and Fidelity All-in-One Growth ETF (FGRO.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.

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.

	FCIQ.TO	FGRO.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.87	2.09	-1.22
Sortino ratio: Return per unit of downside risk	1.31	2.96	-1.64
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.23
Calmar ratio: Return relative to maximum drawdown	1.47	2.90	-1.42
Martin ratio: Return relative to average drawdown	4.02	12.06	-8.03

FCIQ.TO vs. FGRO.NEO - Sharpe Ratio Comparison

The current FCIQ.TO Sharpe Ratio is 0.87, which is lower than the FGRO.NEO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of FCIQ.TO and FGRO.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCIQ.TO vs. FGRO.NEO - Drawdown Comparison

The maximum FCIQ.TO drawdown since its inception was -32.88%, which is greater than FGRO.NEO's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and FGRO.NEO.

Drawdown Indicators

	FCIQ.TO	FGRO.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-32.88%	-17.50%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-7.54%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-11.45%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	-32.88%	-17.50%	-15.38%
Current Drawdown Current decline from peak	-1.23%	-1.61%	+0.38%
Average Drawdown Average peak-to-trough decline	-6.85%	-3.11%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	1.81%	+1.44%

Volatility

FCIQ.TO vs. FGRO.NEO - Volatility Comparison

Fidelity International High Quality ETF (FCIQ.TO) has a higher volatility of 3.76% compared to Fidelity All-in-One Growth ETF (FGRO.NEO) at 2.50%. This indicates that FCIQ.TO's price experiences larger fluctuations and is considered to be riskier than FGRO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCIQ.TO	FGRO.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	2.50%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	8.72%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	10.51%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	10.64%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	10.43%	+6.13%

FCIQ.TO vs. FGRO.NEO - Expense Ratio Comparison

FCIQ.TO has a 0.45% expense ratio, which is higher than FGRO.NEO's 0.42% expense ratio.

Dividends

FCIQ.TO vs. FGRO.NEO - Dividend Comparison

FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, more than FGRO.NEO's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FCIQ.TO Fidelity International High Quality ETF	1.18%	1.59%	1.64%	1.94%	2.54%	1.56%	0.54%	1.42%
FGRO.NEO Fidelity All-in-One Growth ETF	1.12%	1.24%	1.09%	1.39%	1.82%	0.94%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCIQ.TO and FGRO.NEO in my portfolio?

FCIQ.TO and FGRO.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.

Which ETF is better, FCIQ.TO or FGRO.NEO?

On fees, FGRO.NEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCIQ.TO or FGRO.NEO?

FGRO.NEO is cheaper with a 0.42% expense ratio, compared with 0.45% for FCIQ.TO.

What is the main difference between FCIQ.TO and FGRO.NEO?

FCIQ.TO is categorized as International Equity, while FGRO.NEO is Diversified Portfolio. Their fees differ too: 0.45% for FCIQ.TO and 0.42% for FGRO.NEO.