FEQT.NEO vs. FCCM.NEO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and FCCM.NEO (Fidelity Canadian Momentum Index ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCCM.NEO is a Momentum fund tracking the Fidelity Canada Canadian Momentum Index. FEQT.NEO is actively managed, while FCCM.NEO is passively managed. Over the past year, FEQT.NEO returned 25.84% vs 44.14% for FCCM.NEO. A 0.73 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.38%/yr for FCCM.NEO.
Performance
FEQT.NEO vs. FCCM.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FEQT.NEO having a 10.90% return and FCCM.NEO slightly higher at 11.11%.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCCM.NEO
- 1D
- 1.32%
- 1M
- 3.24%
- YTD
- 11.11%
- 6M
- 12.84%
- 1Y
- 44.14%
- 3Y*
- 29.52%
- 5Y*
- 19.08%
- 10Y*
- —
FEQT.NEO vs. FCCM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 11.11% | 43.17% | 17.25% |
Correlation
The correlation between FEQT.NEO and FCCM.NEO is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.73 |
The correlation between FEQT.NEO and FCCM.NEO has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
FEQT.NEO vs. FCCM.NEO — Risk / Return Rank
FEQT.NEO
FCCM.NEO
FEQT.NEO vs. FCCM.NEO - 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 Canadian Momentum Index ETF (FCCM.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.
| FEQT.NEO | FCCM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.52 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.59 | -0.46 |
| Martin ratioReturn relative to average drawdown | 13.53 | 15.61 | -2.08 |
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 | FCCM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.85 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 1.34 | +0.45 |
Drawdowns
FEQT.NEO vs. FCCM.NEO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum FCCM.NEO drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and FCCM.NEO.
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Drawdown Indicators
| FEQT.NEO | FCCM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -16.59% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -12.36% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.59% | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.19% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -2.60% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.83% | -0.92% |
Volatility
FEQT.NEO vs. FCCM.NEO - Volatility Comparison
The current volatility for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) is 3.90%, while Fidelity Canadian Momentum Index ETF (FCCM.NEO) has a volatility of 5.20%. This indicates that FEQT.NEO experiences smaller price fluctuations and is considered to be less risky than FCCM.NEO 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 | FCCM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.20% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 12.63% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 15.60% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 13.47% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 13.41% | -0.97% |
FEQT.NEO vs. FCCM.NEO - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is higher than FCCM.NEO's 0.38% expense ratio.
Dividends
FEQT.NEO vs. FCCM.NEO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, which matches FCCM.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.82% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEQT.NEO and FCCM.NEO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCM.NEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCM.NEO is cheaper with a 0.38% expense ratio, compared with 0.43% for FEQT.NEO.
FEQT.NEO is categorized as Diversified Portfolio, while FCCM.NEO is Momentum. Their fees differ too: 0.43% for FEQT.NEO and 0.38% for FCCM.NEO.
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