FEQT.NEO vs. MKAM
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and MKAM (MKAM ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FEQT.NEO returned 25.84% vs 16.68% for MKAM. A 0.60 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.96%/yr for MKAM.
Performance
FEQT.NEO vs. MKAM - Performance Comparison
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Different Trading Currencies
FEQT.NEO is traded in CAD, while MKAM is traded in USD. To make them comparable, the MKAM 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 MKAM's 6.79% return.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MKAM
- 1D
- 0.30%
- 1M
- 4.65%
- YTD
- 6.79%
- 6M
- 5.17%
- 1Y
- 16.68%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
FEQT.NEO vs. MKAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
MKAM MKAM ETF | 6.79% | 3.12% | 12.40% |
Correlation
The correlation between FEQT.NEO and MKAM is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.60 |
The correlation between FEQT.NEO and MKAM has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.
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Return for Risk
FEQT.NEO vs. MKAM — Risk / Return Rank
FEQT.NEO
MKAM
FEQT.NEO vs. MKAM - 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 MKAM ETF (MKAM). 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 | MKAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 4.13 | -1.01 |
| Martin ratioReturn relative to average drawdown | 13.53 | 11.64 | +1.90 |
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 | MKAM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.45 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 1.76 | +0.03 |
Drawdowns
FEQT.NEO vs. MKAM - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, which is greater than MKAM's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and MKAM.
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Drawdown Indicators
| FEQT.NEO | MKAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -8.83% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -4.06% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.83% | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -1.68% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.44% | +0.47% |
Volatility
FEQT.NEO vs. MKAM - Volatility Comparison
Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 3.90% compared to MKAM ETF (MKAM) at 1.39%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than MKAM 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 | MKAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 1.39% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 5.16% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 6.86% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 6.89% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 6.89% | +5.55% |
FEQT.NEO vs. MKAM - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is lower than MKAM's 0.96% expense ratio.
Dividends
FEQT.NEO vs. MKAM - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, less than MKAM's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% |
MKAM MKAM ETF | 2.90% | 2.56% | 1.88% | 1.70% |
Frequently Asked Questions
FEQT.NEO and MKAM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEQT.NEO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEQT.NEO is cheaper with a 0.43% expense ratio, compared with 0.96% for MKAM.
They also come from different issuers: Fidelity and MKAM. Their fees differ too: 0.43% for FEQT.NEO and 0.96% for MKAM.
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