FCNS.NEO vs. FCMO.NEO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and FCMO.NEO (Fidelity US Momentum ETF) are both exchange-traded funds - FCNS.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCMO.NEO is a Momentum fund tracking the Fidelity Canada U.S. Momentum Index. FCNS.NEO is actively managed, while FCMO.NEO is passively managed. Over the past year, FCNS.NEO returned 11.65% vs 27.60% for FCMO.NEO. A 0.63 correlation means they provide meaningful diversification when combined. FCNS.NEO charges 0.40%/yr vs 0.38%/yr for FCMO.NEO.
Performance
FCNS.NEO vs. FCMO.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 FCMO.NEO's 19.72% 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%
FCMO.NEO
- 1D
- -0.91%
- 1M
- -1.67%
- 6M
- 16.38%
- YTD
- 19.72%
- 1Y
- 27.60%
- 3Y*
- 31.82%
- 5Y*
- 17.66%
- 10Y*
- —
- ALL TIME*
- -1.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCMO.NEO Fidelity US Momentum ETF | CA$252.59K | CA$286.79K | CA$398.92K |
| CA$2.87M | CA$3.68M | CA$3.34M |
FCNS.NEO vs. FCMO.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
FCMO.NEO Fidelity US Momentum ETF | 19.72% | 13.77% | 22.92% |
Correlation
The correlation between FCNS.NEO and FCMO.NEO is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.63 |
The correlation between FCNS.NEO and FCMO.NEO has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. FCMO.NEO — Risk / Return Rank
FCNS.NEO
FCMO.NEO
FCNS.NEO vs. FCMO.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 US Momentum ETF (FCMO.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 | FCMO.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.54 | -0.13 |
| Martin ratioReturn relative to average drawdown | 9.35 | 8.21 | +1.14 |
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Drawdowns
FCNS.NEO vs. FCMO.NEO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum FCMO.NEO drawdown of -67.39%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and FCMO.NEO.
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Drawdown Indicators
| FCNS.NEO | FCMO.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -67.39% | +60.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -10.91% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.93% | — |
Current DrawdownCurrent decline from peak | -1.61% | -8.88% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -48.59% | +47.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 3.37% | -2.12% |
Volatility
FCNS.NEO vs. FCMO.NEO - Volatility Comparison
The current volatility for Fidelity All-in-One Conservative ETF (FCNS.NEO) is 2.90%, while Fidelity US Momentum ETF (FCMO.NEO) has a volatility of 5.70%. This indicates that FCNS.NEO experiences smaller price fluctuations and is considered to be less risky than FCMO.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 | FCMO.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 5.70% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 16.97% | -11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 20.16% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 18.42% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 32.54% | -25.62% |
FCNS.NEO vs. FCMO.NEO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than FCMO.NEO's 0.38% expense ratio.
Dividends
FCNS.NEO vs. FCMO.NEO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, more than FCMO.NEO's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMO.NEO Fidelity US Momentum ETF | 0.30% | 0.36% | 0.25% | 0.00% | 0.00% | 0.00% | 0.28% |
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 FCMO.NEO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCMO.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCMO.NEO is cheaper with a 0.38% expense ratio, compared with 0.40% for FCNS.NEO.
FCNS.NEO is categorized as Diversified Portfolio, while FCMO.NEO is Momentum. Their fees differ too: 0.40% for FCNS.NEO and 0.38% for FCMO.NEO.
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