FEQT.NEO vs. FBTC.TO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FBTC.TO is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. Over the past year, FEQT.NEO returned 25.84% vs -38.60% for FBTC.TO. At a 0.43 correlation, their price movements are largely independent. FEQT.NEO charges 0.43%/yr vs 0.40%/yr for FBTC.TO.
Performance
FEQT.NEO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FEQT.NEO achieves a 10.90% return, which is significantly higher than FBTC.TO's -26.46% return.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTC.TO
- 1D
- -2.74%
- 1M
- -20.46%
- YTD
- -26.46%
- 6M
- -32.03%
- 1Y
- -38.60%
- 3Y*
- 35.95%
- 5Y*
- —
- 10Y*
- —
FEQT.NEO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -26.46% | -10.85% | 54.83% |
Correlation
The correlation between FEQT.NEO and FBTC.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.43 |
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Return for Risk
FEQT.NEO vs. FBTC.TO — Risk / Return Rank
FEQT.NEO
FBTC.TO
FEQT.NEO vs. FBTC.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 Fidelity Advantage Bitcoin ETF (FBTC.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 | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.86 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | -0.77 | +3.89 |
| Martin ratioReturn relative to average drawdown | 13.53 | -1.32 | +14.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEQT.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | -0.90 | +3.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.07 | +1.72 |
Drawdowns
FEQT.NEO vs. FBTC.TO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and FBTC.TO.
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Drawdown Indicators
| FEQT.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -70.77% | +57.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -50.22% | +41.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.22% | — |
Current DrawdownCurrent decline from peak | -0.48% | -49.79% | +49.31% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -30.95% | +29.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 29.35% | -27.44% |
Volatility
FEQT.NEO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) is 3.90%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 9.51%. This indicates that FEQT.NEO experiences smaller price fluctuations and is considered to be less risky than FBTC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEQT.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 9.51% | -5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 33.11% | -24.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 42.86% | -31.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 52.36% | -39.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 52.36% | -39.92% |
FEQT.NEO vs. FBTC.TO - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is higher than FBTC.TO's 0.40% expense ratio.
Dividends
FEQT.NEO vs. FBTC.TO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, while FBTC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin 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
FEQT.NEO and FBTC.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTC.TO is cheaper with a 0.40% expense ratio, compared with 0.43% for FEQT.NEO.
FEQT.NEO is categorized as Diversified Portfolio, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.43% for FEQT.NEO and 0.40% for FBTC.TO.
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