FEQT.NEO vs. VRIF.TO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and VRIF.TO (Vanguard Retirement Income ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, FEQT.NEO returned 24.39%/yr vs 10.05%/yr for VRIF.TO. A 0.63 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.29%/yr for VRIF.TO.
Performance
FEQT.NEO vs. VRIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FEQT.NEO achieves a 11.50% return, which is significantly higher than VRIF.TO's 5.33% return.
FEQT.NEO
- 1D
- 0.22%
- 1M
- 1.03%
- YTD
- 11.50%
- 6M
- 10.71%
- 1Y
- 25.59%
- 3Y*
- 24.39%
- 5Y*
- —
- 10Y*
- —
VRIF.TO
- 1D
- 0.04%
- 1M
- 0.91%
- YTD
- 5.33%
- 6M
- 5.10%
- 1Y
- 11.93%
- 3Y*
- 10.05%
- 5Y*
- 4.62%
- 10Y*
- —
FEQT.NEO vs. VRIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 11.50% | 19.42% | 29.43% | 17.95% | -3.63% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 5.33% | 10.60% | 8.42% | 8.96% | -8.91% |
Correlation
The correlation between FEQT.NEO and VRIF.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.63 |
The correlation between FEQT.NEO and VRIF.TO shifts across timeframes, from 0.63 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEQT.NEO vs. VRIF.TO — Risk / Return Rank
FEQT.NEO
VRIF.TO
FEQT.NEO vs. VRIF.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 Vanguard Retirement Income ETF Portfolio (VRIF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEQT.NEO | VRIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.62 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.08 | 10.80 | +2.28 |
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Drawdowns
FEQT.NEO vs. VRIF.TO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -15.98%, roughly equal to the maximum VRIF.TO drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and VRIF.TO.
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Drawdown Indicators
| FEQT.NEO | VRIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -16.19% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -4.57% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.24% | -5.01% | -8.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.36% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.83% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.11% | +0.85% |
Volatility
FEQT.NEO vs. VRIF.TO - Volatility Comparison
Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 5.14% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 1.81%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than VRIF.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 | VRIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 1.81% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 4.83% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 5.56% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 6.26% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.60% | 6.25% | +6.35% |
FEQT.NEO vs. VRIF.TO - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is higher than VRIF.TO's 0.29% expense ratio.
Dividends
FEQT.NEO vs. VRIF.TO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.81%, less than VRIF.TO's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% | 0.00% | 0.00% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.71% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% |
Frequently Asked Questions
FEQT.NEO and VRIF.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VRIF.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VRIF.TO is cheaper with a 0.29% expense ratio, compared with 0.43% for FEQT.NEO.
They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.43% for FEQT.NEO and 0.29% for VRIF.TO.
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