FCNS.NEO vs. PYF.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and PYF.TO (Purpose Premium Yield Fund Series ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 3.22% for PYF.TO. At a 0.33 correlation, their price movements are largely independent. FCNS.NEO charges 0.40%/yr vs 0.78%/yr for PYF.TO.
Performance
FCNS.NEO vs. PYF.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 PYF.TO's 2.39% 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%
PYF.TO
- 1D
- 0.24%
- 1M
- 0.91%
- 6M
- 2.14%
- YTD
- 2.39%
- 1Y
- 3.22%
- 3Y*
- 6.37%
- 5Y*
- 6.00%
- 10Y*
- 4.61%
- ALL TIME*
- 4.66%
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$132.75K | CA$156.88K | CA$433.79K |
FCNS.NEO vs. PYF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
PYF.TO Purpose Premium Yield Fund Series ETF | 2.39% | 5.45% | 4.82% |
Correlation
The correlation between FCNS.NEO and PYF.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.33 |
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Return for Risk
FCNS.NEO vs. PYF.TO — Risk / Return Rank
FCNS.NEO
PYF.TO
FCNS.NEO vs. PYF.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 Premium Yield Fund Series ETF (PYF.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 | PYF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.53 | +0.88 |
| Martin ratioReturn relative to average drawdown | 9.35 | 4.07 | +5.28 |
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Drawdowns
FCNS.NEO vs. PYF.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum PYF.TO drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and PYF.TO.
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Drawdown Indicators
| FCNS.NEO | PYF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -20.53% | +14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -2.11% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.53% | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.06% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -0.97% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.79% | +0.46% |
Volatility
FCNS.NEO vs. PYF.TO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to Purpose Premium Yield Fund Series ETF (PYF.TO) at 1.11%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than PYF.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 | PYF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.11% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 2.81% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 3.28% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 5.26% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 6.67% | +0.25% |
FCNS.NEO vs. PYF.TO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is lower than PYF.TO's 0.78% expense ratio.
Dividends
FCNS.NEO vs. PYF.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, less than PYF.TO's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PYF.TO Purpose Premium Yield Fund Series ETF | 7.19% | 7.84% | 7.66% | 7.47% | 5.78% | 5.74% | 5.69% | 5.29% | 5.38% | 5.83% | 6.59% |
Frequently Asked Questions
FCNS.NEO and PYF.TO have a correlation of 0.28, 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 0.78% for PYF.TO.
They also come from different issuers: Fidelity and Purpose Investments. Their fees differ too: 0.40% for FCNS.NEO and 0.78% for PYF.TO.
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