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FEQT.NEO vs. XTR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEQT.NEO vs. XTR.TO

Last updated Jun 5, 2026

FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and XTR.TO (iShares Diversified Monthly Income ETF) are both Diversified Portfolio funds. FEQT.NEO is actively managed, while XTR.TO is passively managed. Over the past year, FEQT.NEO returned 25.84% vs 13.35% for XTR.TO. A 0.61 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.61%/yr for XTR.TO.

Performance

FEQT.NEO vs. XTR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and iShares Diversified Monthly Income ETF (XTR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FEQT.NEO achieves a 10.90% return, which is significantly higher than XTR.TO's 6.76% return.

FEQT.NEO

1D
0.54%
1M
4.10%
YTD
10.90%
6M
10.77%
1Y
25.84%
3Y*
—
5Y*
—
10Y*
—

XTR.TO

1D
0.20%
1M
2.20%
YTD
6.76%
6M
6.58%
1Y
13.35%
3Y*
11.09%
5Y*
6.04%
10Y*
5.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEQT.NEO vs. XTR.TO - Yearly Performance Comparison

2026 (YTD)20252024
FEQT.NEO
Fidelity All-in-One Equity ETF Fund		10.90%19.42%14.08%
XTR.TO
iShares Diversified Monthly Income ETF		6.76%8.54%8.23%

Correlation

The correlation between FEQT.NEO and XTR.TO is 0.66, 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

0.66

Correlation (All Time)
Calculated using the full available price history since May 14, 2024

0.61

The correlation between FEQT.NEO and XTR.TO has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity All-in-One Equity ETF Fund

iShares Diversified Monthly Income ETF

Often compared with FEQT.NEO:
FEQT.NEO vs. XEQT.TOFEQT.NEO vs. VEQT.TOFEQT.NEO vs. ZEQT.TOFEQT.NEO vs. VFV.TOFEQT.NEO vs. TEQT.TOFEQT.NEO vs. HEQL.TOFEQT.NEO vs. XMTM.TO
Often compared with XTR.TO:
XTR.TO vs. FIE.TOXTR.TO vs. ZMI.TOXTR.TO vs. XDIV.TOXTR.TO vs. XCNS.TOXTR.TO vs. XEQT.TOXTR.TO vs. VRIF.TOXTR.TO vs. XEI.TO

Return for Risk

FEQT.NEO vs. XTR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEQT.NEO
FEQT.NEO Risk / Return Rank: 7272
Overall Rank
FEQT.NEO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FEQT.NEO Sortino Ratio Rank: 7474
Sortino Ratio Rank
FEQT.NEO Omega Ratio Rank: 7575
Omega Ratio Rank
FEQT.NEO Calmar Ratio Rank: 6464
Calmar Ratio Rank
FEQT.NEO Martin Ratio Rank: 7373
Martin Ratio Rank
XTR.TO
XTR.TO Risk / Return Rank: 8787
Overall Rank
XTR.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 9191
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEQT.NEO vs. XTR.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 iShares Diversified Monthly Income ETF (XTR.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.NEOXTR.TODifference
Sharpe ratioReturn per unit of total volatility
2.36
2.92

-0.56

Sortino ratioReturn per unit of downside risk
3.30
4.32

-1.03

Omega ratioGain probability vs. loss probability

1.44

1.59

-0.15

Calmar ratioReturn relative to maximum drawdown

3.12

4.07

-0.95

Martin ratioReturn relative to average drawdown

13.53

17.93

-4.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQT.NEO vs. XTR.TO - Sharpe Ratio Comparison

The current FEQT.NEO Sharpe Ratio is 2.36, which is comparable to the XTR.TO Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of FEQT.NEO and XTR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FEQT.NEOXTR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

2.92

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.97

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.72

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.79

0.40

+1.39

Drawdowns

FEQT.NEO vs. XTR.TO - Drawdown Comparison

The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum XTR.TO drawdown of -51.42%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and XTR.TO.

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Drawdown Indicators

FEQT.NEOXTR.TODifference

Max Drawdown

Largest peak-to-trough decline

-13.24%

-51.42%

+38.18%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-3.29%

-5.02%

Max Drawdown (3Y)

Largest decline over 3 years

—

-6.06%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.74%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.92%

—

Current Drawdown

Current decline from peak

-0.48%

0.00%

-0.48%

Average Drawdown

Average peak-to-trough decline

-1.45%

-4.96%

+3.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

0.75%

+1.16%

Volatility

FEQT.NEO vs. XTR.TO - Volatility Comparison

Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 3.90% compared to iShares Diversified Monthly Income ETF (XTR.TO) at 1.55%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than XTR.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.NEOXTR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

1.55%

+2.35%

Volatility (6M)

Calculated over the trailing 6-month period

8.89%

3.74%

+5.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.02%

4.59%

+6.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.44%

6.27%

+6.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.44%

8.32%

+4.12%

FEQT.NEO vs. XTR.TO - Expense Ratio Comparison

FEQT.NEO has a 0.43% expense ratio, which is lower than XTR.TO's 0.61% expense ratio.

Dividends

FEQT.NEO vs. XTR.TO - Dividend Comparison

FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, less than XTR.TO's 3.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
XTR.TO
iShares Diversified Monthly Income ETF		3.91%4.10%4.27%4.61%4.62%4.21%5.56%5.38%5.75%5.24%5.30%6.81%

Frequently Asked Questions

FEQT.NEO and XTR.TO have a correlation of 0.66, 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 0.61% for XTR.TO.

They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.43% for FEQT.NEO and 0.61% for XTR.TO.

Portfolio Optimizer

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