FCNS.NEO vs. PINC.TO

Last updated Jul 25, 2026

FCNS.NEO (Fidelity All-in-One Conservative ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both exchange-traded funds - FCNS.NEO is a Diversified Portfolio fund actively managed by Fidelity, while PINC.TO is a Derivative Income fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 24.52% for PINC.TO. At a 0.35 correlation, their price movements are largely independent. FCNS.NEO charges 0.40%/yr vs 1.04%/yr for PINC.TO.

Performance

FCNS.NEO vs. PINC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Conservative ETF (FCNS.NEO) and Purpose Multi-Asset Income Fund (PINC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCNS.NEO achieves a 5.61% return, which is significantly lower than PINC.TO's 18.40% 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%

PINC.TO

• 1D: 0.57%
• 1M: 1.74%
• 6M: 17.22%
• YTD: 18.40%
• 1Y: 24.52%
• 3Y*: 14.69%
• 5Y*: 6.92%
• 10Y*: —
• ALL TIME*: 7.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCNS.NEO Fidelity All-in-One Conservative ETF	CA$2.87M	CA$3.68M	CA$3.34M
PINC.TO Purpose Multi-Asset Income Fund	CA$10.04K	CA$9.73K	CA$12.47K

FCNS.NEO vs. PINC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCNS.NEO Fidelity All-in-One Conservative ETF	5.61%	9.95%	9.08%
PINC.TO Purpose Multi-Asset Income Fund	18.40%	14.41%	10.15%

Correlation

The correlation between FCNS.NEO and PINC.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 13, 2024	0.35

Return for Risk

FCNS.NEO vs. PINC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCNS.NEO

FCNS.NEO Risk / Return Rank: 74
FCNS.NEO Sharpe Ratio Rank: 74
FCNS.NEO Sortino Ratio Rank: 77
FCNS.NEO Omega Ratio Rank: 75
FCNS.NEO Calmar Ratio Rank: 68
FCNS.NEO Martin Ratio Rank: 74

PINC.TO

PINC.TO Risk / Return Rank: 97
PINC.TO Sharpe Ratio Rank: 98
PINC.TO Sortino Ratio Rank: 97
PINC.TO Omega Ratio Rank: 97
PINC.TO Calmar Ratio Rank: 96
PINC.TO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCNS.NEO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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	PINC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.70	3.89	-2.19
Sortino ratio: Return per unit of downside risk	2.50	5.55	-3.05
Omega ratio: Gain probability vs. loss probability	1.32	1.81	-0.49
Calmar ratio: Return relative to maximum drawdown	2.41	6.87	-4.45
Martin ratio: Return relative to average drawdown	9.35	26.66	-17.31

FCNS.NEO vs. PINC.TO - Sharpe Ratio Comparison

The current FCNS.NEO Sharpe Ratio is 1.70, which is lower than the PINC.TO Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of FCNS.NEO and PINC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCNS.NEO vs. PINC.TO - Drawdown Comparison

The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and PINC.TO.

Drawdown Indicators

	FCNS.NEO	PINC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.45%	-43.84%	+37.39%
Max Drawdown (1Y) Largest decline over 1 year	-4.85%	-3.59%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.04%	—
Current Drawdown Current decline from peak	-1.61%	0.00%	-1.61%
Average Drawdown Average peak-to-trough decline	-0.89%	-5.81%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	0.93%	+0.32%

Volatility

FCNS.NEO vs. PINC.TO - Volatility Comparison

Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.54%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than PINC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCNS.NEO	PINC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	1.54%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	5.06%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	6.88%	6.35%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.92%	8.38%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.92%	14.70%	-7.78%

FCNS.NEO vs. PINC.TO - Expense Ratio Comparison

FCNS.NEO has a 0.40% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.

Dividends

FCNS.NEO vs. PINC.TO - Dividend Comparison

FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, less than PINC.TO's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCNS.NEO Fidelity All-in-One Conservative ETF	1.96%	2.07%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PINC.TO Purpose Multi-Asset Income Fund	4.37%	5.05%	5.48%	5.78%	5.51%	4.60%	5.33%	5.06%	3.66%

Frequently Asked Questions

Can I hold both FCNS.NEO and PINC.TO in my portfolio?

FCNS.NEO and PINC.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCNS.NEO or PINC.TO?

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.

Which ETF is cheaper, FCNS.NEO or PINC.TO?

FCNS.NEO is cheaper with a 0.40% expense ratio, compared with 1.04% for PINC.TO.

What is the main difference between FCNS.NEO and PINC.TO?

FCNS.NEO is categorized as Diversified Portfolio, while PINC.TO is Derivative Income. They also come from different issuers: Fidelity and Purpose Investments Inc.. Their fees differ too: 0.40% for FCNS.NEO and 1.04% for PINC.TO.