FCNS.NEO vs. FBTC.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCNS.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FBTC.TO is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs -44.43% for FBTC.TO. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
FCNS.NEO vs. FBTC.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 higher than FBTC.TO's -24.80% 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%
FBTC.TO
- 1D
- -0.83%
- 1M
- 6.13%
- 6M
- -26.47%
- YTD
- -24.80%
- 1Y
- -44.43%
- 3Y*
- 32.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.63M | CA$2.29M | CA$2.66M | |
| CA$2.87M | CA$3.68M | CA$3.34M |
FCNS.NEO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.80% | -10.85% | 61.23% |
Correlation
The correlation between FCNS.NEO and FBTC.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.36 |
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Return for Risk
FCNS.NEO vs. FBTC.TO — Risk / Return Rank
FCNS.NEO
FBTC.TO
FCNS.NEO vs. FBTC.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 Fidelity Advantage Bitcoin ETF (FBTC.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 | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.83 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.85 | +3.26 |
| Martin ratioReturn relative to average drawdown | 9.35 | -1.28 | +10.63 |
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Drawdowns
FCNS.NEO vs. FBTC.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and FBTC.TO.
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Drawdown Indicators
| FCNS.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -70.77% | +64.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -52.71% | +47.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.71% | — |
Current DrawdownCurrent decline from peak | -1.61% | -48.66% | +47.05% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -31.48% | +30.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 34.65% | -33.40% |
Volatility
FCNS.NEO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity All-in-One Conservative ETF (FCNS.NEO) is 2.90%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 8.97%. This indicates that FCNS.NEO experiences smaller price fluctuations and is considered to be less risky than FBTC.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 | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 8.97% | -6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 33.33% | -27.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 43.69% | -36.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 51.98% | -45.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 51.98% | -45.06% |
FCNS.NEO vs. FBTC.TO - Expense Ratio Comparison
Both FCNS.NEO and FBTC.TO have an expense ratio of 0.40%.
Dividends
FCNS.NEO vs. FBTC.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, while FBTC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% |
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% |
Frequently Asked Questions
FCNS.NEO and FBTC.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FCNS.NEO and FBTC.TO have the same expense ratio: 0.40% per year.
FCNS.NEO is categorized as Diversified Portfolio, while FBTC.TO is Cryptocurrency.
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