FCNS.NEO vs. CEQT.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and CEQT.TO (CI Equity Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 26.61% for CEQT.TO. At a 0.32 correlation, their price movements are largely independent. FCNS.NEO charges 0.40%/yr vs 0.30%/yr for CEQT.TO.
Performance
FCNS.NEO vs. CEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCNS.NEO achieves a 5.61% return, which is significantly lower than CEQT.TO's 13.94% return.
FCNS.NEO
- 1D
- 0.47%
- 1M
- -0.08%
- 6M
- 3.89%
- YTD
- 5.61%
- 1Y
- 11.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.36%
CEQT.TO
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 10.12%
- YTD
- 13.94%
- 1Y
- 26.61%
- 3Y*
- 21.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.36K | CA$11.26K | CA$17.10K | |
| CA$2.87M | CA$3.68M | CA$3.34M |
FCNS.NEO vs. CEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
CEQT.TO CI Equity Asset Allocation ETF | 13.94% | 18.84% | 18.26% |
Correlation
The correlation between FCNS.NEO and CEQT.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.32 |
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Return for Risk
FCNS.NEO vs. CEQT.TO — Risk / Return Rank
FCNS.NEO
CEQT.TO
FCNS.NEO vs. CEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Conservative ETF (FCNS.NEO) and CI Equity Asset Allocation ETF (CEQT.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.
| FCNS.NEO | CEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.75 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.70 | -1.29 |
| Martin ratioReturn relative to average drawdown | 9.35 | 14.46 | -5.11 |
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Drawdowns
FCNS.NEO vs. CEQT.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum CEQT.TO drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and CEQT.TO.
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Drawdown Indicators
| FCNS.NEO | CEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -14.02% | +7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.26% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.02% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.28% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -1.17% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.85% | -0.60% |
Volatility
FCNS.NEO vs. CEQT.TO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to CI Equity Asset Allocation ETF (CEQT.TO) at 1.97%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than CEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNS.NEO | CEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.97% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 8.90% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 11.09% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 12.98% | -6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 12.98% | -6.06% |
FCNS.NEO vs. CEQT.TO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than CEQT.TO's 0.30% expense ratio.
Dividends
FCNS.NEO vs. CEQT.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, more than CEQT.TO's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CEQT.TO CI Equity Asset Allocation ETF | 1.09% | 1.25% | 1.82% | 1.06% |
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% |
Frequently Asked Questions
FCNS.NEO and CEQT.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEQT.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEQT.TO is cheaper with a 0.30% expense ratio, compared with 0.40% for FCNS.NEO.
They also come from different issuers: Fidelity and CI. Their fees differ too: 0.40% for FCNS.NEO and 0.30% for CEQT.TO.
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