FEQT.NEO vs. ZESG.TO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and ZESG.TO (BMO Balanced ESG ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, FEQT.NEO returned 25.84% vs 17.13% for ZESG.TO. A 0.63 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.18%/yr for ZESG.TO.
Performance
FEQT.NEO vs. ZESG.TO - Performance Comparison
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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 ZESG.TO's 6.18% return.
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZESG.TO
- 1D
- 0.61%
- 1M
- 4.05%
- YTD
- 6.18%
- 6M
- 5.50%
- 1Y
- 17.13%
- 3Y*
- 14.47%
- 5Y*
- 8.76%
- 10Y*
- —
FEQT.NEO vs. ZESG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
ZESG.TO BMO Balanced ESG ETF | 6.18% | 12.26% | 10.66% |
Correlation
The correlation between FEQT.NEO and ZESG.TO is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.63 |
The correlation between FEQT.NEO and ZESG.TO shifts across timeframes, from 0.63 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEQT.NEO vs. ZESG.TO — Risk / Return Rank
FEQT.NEO
ZESG.TO
FEQT.NEO vs. ZESG.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 BMO Balanced ESG ETF (ZESG.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 | ZESG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.82 | +0.30 |
| Martin ratioReturn relative to average drawdown | 13.53 | 11.81 | +1.73 |
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 | ZESG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.19 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.87 | +0.93 |
Drawdowns
FEQT.NEO vs. ZESG.TO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -13.24%, smaller than the maximum ZESG.TO drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and ZESG.TO.
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Drawdown Indicators
| FEQT.NEO | ZESG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -19.68% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -6.09% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.81% | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -4.19% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.45% | +0.46% |
Volatility
FEQT.NEO vs. ZESG.TO - Volatility Comparison
Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 3.90% compared to BMO Balanced ESG ETF (ZESG.TO) at 2.61%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than ZESG.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 | ZESG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 2.61% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 6.23% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 7.87% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 8.92% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 9.92% | +2.52% |
FEQT.NEO vs. ZESG.TO - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is higher than ZESG.TO's 0.18% expense ratio.
Dividends
FEQT.NEO vs. ZESG.TO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%, less than ZESG.TO's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
ZESG.TO BMO Balanced ESG ETF | 1.65% | 1.71% | 1.89% | 2.22% | 2.53% | 2.05% | 2.27% |
Frequently Asked Questions
FEQT.NEO and ZESG.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZESG.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZESG.TO is cheaper with a 0.18% expense ratio, compared with 0.43% for FEQT.NEO.
They also come from different issuers: Fidelity and BMO. Their fees differ too: 0.43% for FEQT.NEO and 0.18% for ZESG.TO.
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