FEQT.NEO vs. PYF.TO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and PYF.TO (Purpose Premium Yield Fund Series ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FEQT.NEO returned 25.84% vs 2.58% for PYF.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
FEQT.NEO vs. PYF.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FEQT.NEO achieves a 10.90% return, which is significantly higher than PYF.TO's 1.34% return.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYF.TO
- 1D
- 0.18%
- 1M
- 0.85%
- YTD
- 1.34%
- 6M
- 1.52%
- 1Y
- 2.58%
- 3Y*
- 6.55%
- 5Y*
- 6.03%
- 10Y*
- 4.65%
FEQT.NEO vs. PYF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
PYF.TO Purpose Premium Yield Fund Series ETF | 1.34% | 5.45% | 4.70% |
Correlation
The correlation between FEQT.NEO and PYF.TO 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 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEQT.NEO vs. PYF.TO — Risk / Return Rank
FEQT.NEO
PYF.TO
FEQT.NEO vs. PYF.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 Purpose Premium Yield Fund Series ETF (PYF.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 | PYF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.16 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.23 | +1.90 |
| Martin ratioReturn relative to average drawdown | 13.53 | 3.30 | +10.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FEQT.NEO | PYF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 0.83 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.71 | +1.08 |
Drawdowns
FEQT.NEO vs. PYF.TO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum PYF.TO drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and PYF.TO.
Loading charts...
Drawdown Indicators
| FEQT.NEO | PYF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -20.53% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -2.11% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.53% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.24% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -0.98% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.79% | +1.12% |
Volatility
FEQT.NEO vs. PYF.TO - Volatility Comparison
Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 3.90% compared to Purpose Premium Yield Fund Series ETF (PYF.TO) at 1.19%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than PYF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEQT.NEO | PYF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 1.19% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 2.30% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 3.12% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 5.19% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 6.66% | +5.78% |
Dividends
FEQT.NEO vs. PYF.TO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, less than PYF.TO's 7.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PYF.TO Purpose Premium Yield Fund Series ETF | 7.34% | 7.84% | 7.66% | 7.47% | 5.78% | 5.74% | 5.69% | 5.29% | 5.38% | 5.83% | 6.59% |
Frequently Asked Questions
FEQT.NEO and PYF.TO 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.
They also come from different issuers: Fidelity and Purpose Investments.
Find the right allocation for FEQT.NEO and PYF.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer