FCNS.NEO vs. FEQT.NEO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds from Fidelity. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 23.31% for FEQT.NEO. A 0.79 correlation means they provide meaningful diversification when combined. FCNS.NEO charges 0.40%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCNS.NEO vs. FEQT.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 FEQT.NEO's 12.69% 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%
FEQT.NEO
- 1D
- 0.48%
- 1M
- 1.29%
- 6M
- 9.04%
- YTD
- 12.69%
- 1Y
- 23.31%
- 3Y*
- 22.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$2.87M | CA$3.68M | CA$3.34M | |
| CA$6.22M | CA$6.15M | CA$8.36M |
FCNS.NEO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.69% | 19.42% | 15.09% |
Correlation
The correlation between FCNS.NEO and FEQT.NEO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.79 |
The correlation between FCNS.NEO and FEQT.NEO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. FEQT.NEO — Risk / Return Rank
FCNS.NEO
FEQT.NEO
FCNS.NEO vs. FEQT.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 All-in-One Equity ETF Fund (FEQT.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 | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.82 | -0.41 |
| Martin ratioReturn relative to average drawdown | 9.35 | 11.60 | -2.25 |
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Drawdowns
FCNS.NEO vs. FEQT.NEO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum FEQT.NEO drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and FEQT.NEO.
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Drawdown Indicators
| FCNS.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -15.98% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -8.31% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.24% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.83% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -2.83% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.01% | -0.76% |
Volatility
FCNS.NEO vs. FEQT.NEO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO) have volatilities of 2.90% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNS.NEO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 3.01% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 10.06% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 12.16% | -5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 12.56% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 12.56% | -5.64% |
FCNS.NEO vs. FEQT.NEO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCNS.NEO vs. FEQT.NEO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, more than FEQT.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% | 0.00% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% |
Frequently Asked Questions
FCNS.NEO and FEQT.NEO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCNS.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCNS.NEO is cheaper with a 0.40% expense ratio, compared with 0.43% for FEQT.NEO.
Their fees differ too: 0.40% for FCNS.NEO and 0.43% for FEQT.NEO.
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