FCNS.NEO vs. TGRO.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and TGRO.TO (TD Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 21.41% for TGRO.TO. Their correlation of 0.82 suggests significant overlap in exposure. FCNS.NEO charges 0.40%/yr vs 0.17%/yr for TGRO.TO.
Performance
FCNS.NEO vs. TGRO.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 lower than TGRO.TO's 10.58% 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%
TGRO.TO
- 1D
- 0.52%
- 1M
- 0.38%
- 6M
- 7.95%
- YTD
- 10.58%
- 1Y
- 21.41%
- 3Y*
- 18.26%
- 5Y*
- 11.95%
- 10Y*
- —
- ALL TIME*
- 13.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$2.87M | CA$3.68M | CA$3.34M | |
TGRO.TO TD Growth ETF Portfolio | CA$1.50M | CA$1.50M | CA$1.49M |
FCNS.NEO vs. TGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
TGRO.TO TD Growth ETF Portfolio | 10.58% | 18.03% | 10.67% |
Correlation
The correlation between FCNS.NEO and TGRO.TO is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.82 |
The correlation between FCNS.NEO and TGRO.TO has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. TGRO.TO — Risk / Return Rank
FCNS.NEO
TGRO.TO
FCNS.NEO vs. TGRO.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 Growth ETF Portfolio (TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.98 | -0.57 |
| Martin ratioReturn relative to average drawdown | 9.35 | 12.73 | -3.38 |
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Drawdowns
FCNS.NEO vs. TGRO.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum TGRO.TO drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and TGRO.TO.
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Drawdown Indicators
| FCNS.NEO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -18.37% | +11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.21% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.37% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.59% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.42% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.69% | -0.44% |
Volatility
FCNS.NEO vs. TGRO.TO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to TD Growth ETF Portfolio (TGRO.TO) at 2.49%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.49% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 8.65% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 10.54% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 11.80% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 11.58% | -4.66% |
FCNS.NEO vs. TGRO.TO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than TGRO.TO's 0.17% expense ratio.
Dividends
FCNS.NEO vs. TGRO.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, more than TGRO.TO's 1.75% 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% |
TGRO.TO TD Growth ETF Portfolio | 1.75% | 2.03% | 2.06% | 2.16% | 2.46% | 1.71% | 0.83% |
Frequently Asked Questions
FCNS.NEO and TGRO.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGRO.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.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 TGRO.TO.
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