FCNS.NEO vs. XINC.TO
FCNS.NEO (Fidelity All-in-One Conservative ETF) and XINC.TO (iShares Core Income Balanced ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FCNS.NEO returned 11.65% vs 7.20% for XINC.TO. A 0.69 correlation means they provide meaningful diversification when combined. FCNS.NEO charges 0.40%/yr vs 0.20%/yr for XINC.TO.
Performance
FCNS.NEO vs. XINC.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 XINC.TO's 2.91% 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%
XINC.TO
- 1D
- 0.28%
- 1M
- -0.87%
- 6M
- 1.90%
- YTD
- 2.91%
- 1Y
- 7.20%
- 3Y*
- 7.47%
- 5Y*
- 2.66%
- 10Y*
- —
- ALL TIME*
- 3.56%
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$87.65K | CA$101.26K | CA$100.83K |
FCNS.NEO vs. XINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.61% | 9.95% | 9.08% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 2.91% | 6.71% | 7.02% |
Correlation
The correlation between FCNS.NEO and XINC.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.69 |
The correlation between FCNS.NEO and XINC.TO has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
FCNS.NEO vs. XINC.TO — Risk / Return Rank
FCNS.NEO
XINC.TO
FCNS.NEO vs. XINC.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 iShares Core Income Balanced ETF Portfolio (XINC.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 | XINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.98 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.35 | 7.30 | +2.05 |
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Drawdowns
FCNS.NEO vs. XINC.TO - Drawdown Comparison
The maximum FCNS.NEO drawdown since its inception was -6.45%, smaller than the maximum XINC.TO drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for FCNS.NEO and XINC.TO.
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Drawdown Indicators
| FCNS.NEO | XINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.45% | -15.63% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -3.65% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.63% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.25% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.82% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.99% | +0.26% |
Volatility
FCNS.NEO vs. XINC.TO - Volatility Comparison
Fidelity All-in-One Conservative ETF (FCNS.NEO) has a higher volatility of 2.90% compared to iShares Core Income Balanced ETF Portfolio (XINC.TO) at 1.43%. This indicates that FCNS.NEO's price experiences larger fluctuations and is considered to be riskier than XINC.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 | XINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.43% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 4.26% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 5.02% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 6.83% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 7.43% | -0.51% |
FCNS.NEO vs. XINC.TO - Expense Ratio Comparison
FCNS.NEO has a 0.40% expense ratio, which is higher than XINC.TO's 0.20% expense ratio.
Dividends
FCNS.NEO vs. XINC.TO - Dividend Comparison
FCNS.NEO's dividend yield for the trailing twelve months is around 1.96%, less than XINC.TO's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.32% | 3.16% | 2.81% | 2.87% | 2.54% | 2.03% | 2.43% | 0.94% |
Frequently Asked Questions
FCNS.NEO and XINC.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XINC.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XINC.TO is cheaper with a 0.20% expense ratio, compared with 0.40% for FCNS.NEO.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.40% for FCNS.NEO and 0.20% for XINC.TO.
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