FEQT.NEO vs. IBIT
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FEQT.NEO is actively managed, while IBIT is passively managed. Over the past year, FEQT.NEO returned 25.84% vs -38.58% for IBIT. At a 0.40 correlation, their price movements are largely independent. FEQT.NEO charges 0.43%/yr vs 0.25%/yr for IBIT.
Performance
FEQT.NEO vs. IBIT - Performance Comparison
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Different Trading Currencies
FEQT.NEO is traded in CAD, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEQT.NEO achieves a 10.90% return, which is significantly higher than IBIT's -26.45% return.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.55%
- 1M
- -20.51%
- YTD
- -26.45%
- 6M
- -31.64%
- 1Y
- -38.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEQT.NEO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
IBIT iShares Bitcoin Trust ETF | -26.45% | -10.70% | 55.07% |
Correlation
The correlation between FEQT.NEO and IBIT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.40 |
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Return for Risk
FEQT.NEO vs. IBIT — Risk / Return Rank
FEQT.NEO
IBIT
FEQT.NEO vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +4.54 | ||
| 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 | +14.86 |
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 | IBIT | 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 | 0.31 | +1.48 |
Drawdowns
FEQT.NEO vs. IBIT - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum IBIT drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and IBIT.
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Drawdown Indicators
| FEQT.NEO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -50.21% | +36.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -50.21% | +41.90% |
Current DrawdownCurrent decline from peak | -0.48% | -49.59% | +49.11% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -16.00% | +14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 29.15% | -27.24% |
Volatility
FEQT.NEO vs. IBIT - Volatility Comparison
The current volatility for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) is 3.90%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.08%. This indicates that FEQT.NEO experiences smaller price fluctuations and is considered to be less risky than IBIT 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 | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 9.08% | -5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 33.66% | -24.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 43.10% | -32.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 49.54% | -37.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 49.54% | -37.10% |
FEQT.NEO vs. IBIT - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
FEQT.NEO vs. IBIT - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEQT.NEO and IBIT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.43% for FEQT.NEO.
FEQT.NEO is categorized as Diversified Portfolio, while IBIT is Cryptocurrency. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.43% for FEQT.NEO and 0.25% for IBIT.
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