FCNS.NEO vs. FCCM.NEO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - FCNS.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. FCNS.NEO is actively managed, while FCCM.NEO is passively managed. Over the past year, FCNS.NEO returned 11.65% vs 40.55% for FCCM.NEO. A 0.60 correlation means they provide meaningful diversification when combined. FCNS.NEO charges 0.40%/yr vs 0.38%/yr for FCCM.NEO.
Performance
FCNS.NEO vs. FCCM.NEO - 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 FCCM.NEO's 12.08% 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%
FCCM.NEO
- 1D
- 0.43%
- 1M
- 2.71%
- 6M
- 5.03%
- YTD
- 12.08%
- 1Y
- 40.55%
- 3Y*
- 28.47%
- 5Y*
- 18.77%
- 10Y*
- —
- ALL TIME*
- 17.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$541.70K | CA$753.19K | CA$932.82K | |
| CA$2.87M | CA$3.68M | CA$3.34M |
FCNS.NEO vs. FCCM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 12.08% | 43.17% | 16.83% |
Correlation
The correlation between FCNS.NEO and FCCM.NEO is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.60 |
The correlation between FCNS.NEO and FCCM.NEO has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. FCCM.NEO — Risk / Return Rank
FCNS.NEO
FCCM.NEO
FCNS.NEO vs. FCCM.NEO - 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 Canadian Momentum Index ETF (FCCM.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.
| FCNS.NEO | FCCM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.30 | -0.88 |
| Martin ratioReturn relative to average drawdown | 9.35 | 13.77 | -4.42 |
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Drawdowns
FCNS.NEO vs. FCCM.NEO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum FCCM.NEO drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and FCCM.NEO.
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Drawdown Indicators
| FCNS.NEO | FCCM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -16.59% | +10.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -12.36% | +7.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.59% | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.33% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -2.58% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.95% | -1.70% |
Volatility
FCNS.NEO vs. FCCM.NEO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to Fidelity Canadian Momentum Index ETF (FCCM.NEO) at 2.67%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than FCCM.NEO 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 | FCCM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.67% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 13.55% | -7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 16.47% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 13.71% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 13.47% | -6.55% |
FCNS.NEO vs. FCCM.NEO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than FCCM.NEO's 0.38% expense ratio.
Dividends
FCNS.NEO vs. FCCM.NEO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, more than FCCM.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.81% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% |
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCNS.NEO and FCCM.NEO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCM.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCM.NEO is cheaper with a 0.38% expense ratio, compared with 0.40% for FCNS.NEO.
FCNS.NEO is categorized as Diversified Portfolio, while FCCM.NEO is Momentum. Their fees differ too: 0.40% for FCNS.NEO and 0.38% for FCCM.NEO.
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