FEQT.NEO vs. ZGRO.TO

Last updated Jun 26, 2026

FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and ZGRO.TO (BMO Growth ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while ZGRO.TO is a Global Allocation fund actively managed by BMO. Both are actively managed. Over the past 3 years, FEQT.NEO returned 24.39%/yr vs 22.99%/yr for ZGRO.TO. A 0.78 correlation means they provide meaningful diversification when combined. FEQT.NEO charges 0.43%/yr vs 0.18%/yr for ZGRO.TO.

Performance

FEQT.NEO vs. ZGRO.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 BMO Growth ETF (ZGRO.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FEQT.NEO having a 11.50% return and ZGRO.TO slightly lower at 10.99%.

FEQT.NEO

• 1D: 0.22%
• 1M: 1.03%
• YTD: 11.50%
• 6M: 10.71%
• 1Y: 25.59%
• 3Y*: 24.39%
• 5Y*: —
• 10Y*: —

ZGRO.TO

• 1D: 0.05%
• 1M: 1.20%
• YTD: 10.99%
• 6M: 10.45%
• 1Y: 25.69%
• 3Y*: 22.99%
• 5Y*: 15.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEQT.NEO vs. ZGRO.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%
ZGRO.TO BMO Growth ETF	10.99%	18.65%	25.70%	20.36%	-2.84%

Correlation

The correlation between FEQT.NEO and ZGRO.TO is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022	0.78

The correlation between FEQT.NEO and ZGRO.TO has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

FEQT.NEO vs. ZGRO.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: 78
FEQT.NEO Sharpe Ratio Rank: 78
FEQT.NEO Sortino Ratio Rank: 81
FEQT.NEO Omega Ratio Rank: 82
FEQT.NEO Calmar Ratio Rank: 71
FEQT.NEO Martin Ratio Rank: 78

ZGRO.TO

ZGRO.TO Risk / Return Rank: 81
ZGRO.TO Sharpe Ratio Rank: 79
ZGRO.TO Sortino Ratio Rank: 80
ZGRO.TO Omega Ratio Rank: 79
ZGRO.TO Calmar Ratio Rank: 81
ZGRO.TO Martin Ratio Rank: 83

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. ZGRO.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 Growth ETF (ZGRO.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	ZGRO.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.19	-0.04
Sortino ratio: Return per unit of downside risk	3.14	3.07	+0.07
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.09	3.75	-0.66
Martin ratio: Return relative to average drawdown	13.08	14.66	-1.58

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

The current FEQT.NEO Sharpe Ratio is 2.15, which is comparable to the ZGRO.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FEQT.NEO and ZGRO.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.

Drawdowns

FEQT.NEO vs. ZGRO.TO - Drawdown Comparison

The maximum FEQT.NEO drawdown since its inception was -15.98%, smaller than the maximum ZGRO.TO drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and ZGRO.TO.

Drawdown Indicators

	FEQT.NEO	ZGRO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.98%	-24.67%	+8.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-6.87%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.24%	-11.60%	-1.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.21%	—
Current Drawdown Current decline from peak	-0.96%	-2.37%	+1.41%
Average Drawdown Average peak-to-trough decline	-2.86%	-2.49%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.76%	+0.20%

Volatility

FEQT.NEO vs. ZGRO.TO - Volatility Comparison

Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and BMO Growth ETF (ZGRO.TO) have volatilities of 5.14% and 5.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQT.NEO	ZGRO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.05%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	9.90%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	11.81%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	11.18%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.60%	13.19%	-0.59%

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

FEQT.NEO has a 0.43% expense ratio, which is higher than ZGRO.TO's 0.18% expense ratio.

Dividends

FEQT.NEO vs. ZGRO.TO - Dividend Comparison

FEQT.NEO's dividend yield for the trailing twelve months is around 0.81%, less than ZGRO.TO's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.81%	0.91%	0.91%	1.33%	1.23%	0.00%	0.00%	0.00%
ZGRO.TO BMO Growth ETF	2.24%	3.38%	5.76%	6.81%	7.63%	6.65%	7.47%	6.95%

Frequently Asked Questions

Can I hold both FEQT.NEO and ZGRO.TO in my portfolio?

FEQT.NEO and ZGRO.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEQT.NEO or ZGRO.TO?

On fees, ZGRO.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEQT.NEO or ZGRO.TO?

ZGRO.TO is cheaper with a 0.18% expense ratio, compared with 0.43% for FEQT.NEO.

What is the main difference between FEQT.NEO and ZGRO.TO?

FEQT.NEO is categorized as Diversified Portfolio, while ZGRO.TO is Global Allocation. They also come from different issuers: Fidelity and BMO. Their fees differ too: 0.43% for FEQT.NEO and 0.18% for ZGRO.TO.