FEQT.NEO vs. CAGE.TO

Last updated Jun 4, 2026

FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while CAGE.TO is a Global Equities fund actively managed by Avantis. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

FEQT.NEO vs. CAGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEQT.NEO

• 1D: -0.38%
• 1M: 4.01%
• YTD: 10.30%
• 6M: 10.63%
• 1Y: 24.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAGE.TO

• 1D: -0.31%
• 1M: 5.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEQT.NEO vs. CAGE.TO - Yearly Performance Comparison

	2026 (YTD)
FEQT.NEO Fidelity All-in-One Equity ETF Fund	9.77%
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	11.71%

Correlation

The correlation between FEQT.NEO and CAGE.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.82

Return for Risk

FEQT.NEO vs. CAGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEQT.NEO

FEQT.NEO Risk / Return Rank: 66
FEQT.NEO Sharpe Ratio Rank: 67
FEQT.NEO Sortino Ratio Rank: 68
FEQT.NEO Omega Ratio Rank: 69
FEQT.NEO Calmar Ratio Rank: 60
FEQT.NEO Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEQT.NEO vs. CAGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.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.

	FEQT.NEO	CAGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.99	—	—
Martin ratio: Return relative to average drawdown	12.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FEQT.NEO	CAGE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	4.44	-2.67

Drawdowns

FEQT.NEO vs. CAGE.TO - Drawdown Comparison

The maximum FEQT.NEO drawdown since its inception was -13.24%, which is greater than CAGE.TO's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and CAGE.TO.

Drawdown Indicators

	FEQT.NEO	CAGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-2.93%	-10.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	—	—
Current Drawdown Current decline from peak	-1.02%	-1.96%	+0.94%
Average Drawdown Average peak-to-trough decline	-1.45%	-0.72%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	FEQT.NEO	CAGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	15.75%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	15.75%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	15.75%	-3.30%

Dividends

FEQT.NEO vs. CAGE.TO - Dividend Comparison

FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, while CAGE.TO has not paid dividends to shareholders.

Position	TTM	2025	2024
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	0.00%	0.00%	0.00%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.82%	0.91%	0.91%

Frequently Asked Questions

Can I hold both FEQT.NEO and CAGE.TO in my portfolio?

FEQT.NEO and CAGE.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FEQT.NEO and CAGE.TO?

FEQT.NEO is categorized as Diversified Portfolio, while CAGE.TO is Global Equities. They also come from different issuers: Fidelity and Avantis.