FCUH.TO vs. FEQT.NEO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FCUH.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, FCUH.TO returned 11.42%/yr vs 23.27%/yr for FEQT.NEO. At a 0.43 correlation, their price movements are largely independent. FCUH.TO charges 0.38%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FCUH.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUH.TO achieves a 10.30% return, which is significantly lower than FEQT.NEO's 12.75% return.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 10Y*
- —
FEQT.NEO
- 1D
- 0.11%
- 1M
- 0.59%
- 6M
- 8.22%
- YTD
- 12.75%
- 1Y
- 25.16%
- 3Y*
- 23.27%
- 5Y*
- —
- 10Y*
- —
FCUH.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 9.08% | -6.87% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.75% | 19.42% | 29.43% | 17.95% | -3.63% |
Correlation
The correlation between FCUH.TO and FEQT.NEO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.43 |
Over the past year, the correlation between FCUH.TO and FEQT.NEO has dropped to 0.16 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
FCUH.TO vs. FEQT.NEO — Risk / Return Rank
FCUH.TO
FEQT.NEO
FCUH.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.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.
| FCUH.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.04 | -1.60 |
| Martin ratioReturn relative to average drawdown | 4.41 | 12.73 | -8.32 |
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Drawdowns
FCUH.TO vs. FEQT.NEO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, 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 FCUH.TO and FEQT.NEO.
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Drawdown Indicators
| FCUH.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -15.98% | -29.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -8.31% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -13.24% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.77% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -2.83% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.98% | +0.39% |
Volatility
FCUH.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 2.69%. This indicates that FCUH.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
| FCUH.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.69% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 10.09% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 12.11% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 12.57% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 12.57% | +7.57% |
FCUH.TO vs. FEQT.NEO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FCUH.TO vs. FEQT.NEO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, more than FEQT.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 2.48% | 2.72% | 2.41% | 2.57% | 3.05% | 2.32% | 4.23% | 2.99% | 0.29% |
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
FCUH.TO and FEQT.NEO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO is cheaper with a 0.38% expense ratio, compared with 0.43% for FEQT.NEO.
FCUH.TO is categorized as Dividend, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.38% for FCUH.TO and 0.43% for FEQT.NEO.
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