FCRR.TO vs. FEQT.NEO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCRR.TO is a Dividend fund actively managed by Fidelity, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FCRR.TO returned 17.64%/yr vs 23.27%/yr for FEQT.NEO. A 0.55 correlation means they provide meaningful diversification when combined. FCRR.TO charges 0.35%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCRR.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly higher than FEQT.NEO's 12.75% return.
FCRR.TO
- 1D
- -0.03%
- 1M
- 0.87%
- 6M
- 12.05%
- YTD
- 14.88%
- 1Y
- 15.20%
- 3Y*
- 17.64%
- 5Y*
- 12.52%
- 10Y*
- —
FEQT.NEO
- 1D
- 0.11%
- 1M
- 0.59%
- 6M
- 8.22%
- YTD
- 12.75%
- 1Y
- 25.16%
- 3Y*
- 23.27%
- 5Y*
- —
- 10Y*
- —
FCRR.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -2.62% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.75% | 19.42% | 29.43% | 17.95% | -3.63% |
Correlation
The correlation between FCRR.TO and FEQT.NEO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.55 |
The correlation between FCRR.TO and FEQT.NEO shifts across timeframes, from 0.41 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCRR.TO vs. FEQT.NEO — Risk / Return Rank
FCRR.TO
FEQT.NEO
FCRR.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). 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.
| FCRR.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.04 | -2.22 |
| Martin ratioReturn relative to average drawdown | 1.64 | 12.73 | -11.09 |
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Drawdowns
FCRR.TO vs. FEQT.NEO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, which is greater than FEQT.NEO's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and FEQT.NEO.
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Drawdown Indicators
| FCRR.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -15.98% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -8.31% | -10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -13.24% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -1.77% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -2.83% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 1.98% | +7.31% |
Volatility
FCRR.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 2.69%. This indicates that FCRR.TO experiences smaller price fluctuations and is considered to be less risky than FEQT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCRR.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.69% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 10.09% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 12.11% | +8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 12.57% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 12.57% | +4.25% |
FCRR.TO vs. FEQT.NEO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCRR.TO vs. FEQT.NEO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, more than FEQT.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 1.55% | 1.86% | 1.65% | 2.01% | 2.08% | 1.59% | 2.53% | 2.27% | 0.61% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCRR.TO and FEQT.NEO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCRR.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCRR.TO is cheaper with a 0.35% expense ratio, compared with 0.43% for FEQT.NEO.
FCRR.TO is categorized as Dividend, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.35% for FCRR.TO and 0.43% for FEQT.NEO.
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