FCNS.NEO vs. TCON.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and TCON.TO (TD Conservative ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 11.98% for TCON.TO. Their correlation of 0.82 suggests significant overlap in exposure. FCNS.NEO charges 0.40%/yr vs 0.17%/yr for TCON.TO.
Performance
FCNS.NEO vs. TCON.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCNS.NEO having a 5.61% return and TCON.TO slightly lower at 5.38%.
FCNS.NEO
- 1D
- 0.47%
- 1M
- -0.08%
- 6M
- 3.89%
- YTD
- 5.61%
- 1Y
- 11.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.36%
TCON.TO
- 1D
- 0.41%
- 1M
- -0.49%
- 6M
- 3.76%
- YTD
- 5.38%
- 1Y
- 11.98%
- 3Y*
- 10.51%
- 5Y*
- 5.14%
- 10Y*
- —
- ALL TIME*
- 5.38%
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$174.44K | CA$191.95K | CA$217.55K |
FCNS.NEO vs. TCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
TCON.TO TD Conservative ETF Portfolio | 5.38% | 10.47% | 8.26% |
Correlation
The correlation between FCNS.NEO and TCON.TO is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.82 |
The correlation between FCNS.NEO and TCON.TO has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. TCON.TO — Risk / Return Rank
FCNS.NEO
TCON.TO
FCNS.NEO vs. TCON.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 TD Conservative ETF Portfolio (TCON.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 | TCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.37 | +0.04 |
| Martin ratioReturn relative to average drawdown | 9.35 | 9.90 | -0.55 |
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Drawdowns
FCNS.NEO vs. TCON.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum TCON.TO drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and TCON.TO.
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Drawdown Indicators
| FCNS.NEO | TCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -16.43% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -5.06% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.43% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.31% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.66% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.21% | +0.04% |
Volatility
FCNS.NEO vs. TCON.TO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to TD Conservative ETF Portfolio (TCON.TO) at 1.66%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than TCON.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 | TCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.66% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 5.55% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 6.64% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 7.82% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 7.54% | -0.62% |
FCNS.NEO vs. TCON.TO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than TCON.TO's 0.17% expense ratio.
Dividends
FCNS.NEO vs. TCON.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, less than TCON.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
TCON.TO TD Conservative ETF Portfolio | 2.60% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% |
Frequently Asked Questions
FCNS.NEO and TCON.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCON.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCON.TO is cheaper with a 0.17% expense ratio, compared with 0.40% for FCNS.NEO.
They also come from different issuers: Fidelity and TD. Their fees differ too: 0.40% for FCNS.NEO and 0.17% for TCON.TO.
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