FFIX.NEO vs. BND.TO

Last updated Jun 24, 2026

FFIX.NEO (Fidelity All-in-One Fixed Income ETF) and BND.TO (Purpose Global Bond Fund) are both Global Bonds funds. Both are actively managed. Over the past year, FFIX.NEO returned 3.64% vs 5.96% for BND.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

FFIX.NEO vs. BND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Fixed Income ETF (FFIX.NEO) and Purpose Global Bond Fund (BND.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 FFIX.NEO having a 1.56% return and BND.TO slightly lower at 1.55%.

FFIX.NEO

• 1D: 0.20%
• 1M: 0.92%
• YTD: 1.56%
• 6M: 1.54%
• 1Y: 3.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BND.TO

• 1D: 0.22%
• 1M: 1.11%
• YTD: 1.55%
• 6M: 1.75%
• 1Y: 5.96%
• 3Y*: 7.48%
• 5Y*: 3.28%
• 10Y*: 3.04%

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

FFIX.NEO vs. BND.TO - Yearly Performance Comparison

	2026 (YTD)	2025
FFIX.NEO Fidelity All-in-One Fixed Income ETF	1.56%	2.76%
BND.TO Purpose Global Bond Fund	1.55%	4.58%

Correlation

The correlation between FFIX.NEO and BND.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.35

Return for Risk

FFIX.NEO vs. BND.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFIX.NEO

FFIX.NEO Risk / Return Rank: 26
FFIX.NEO Sharpe Ratio Rank: 26
FFIX.NEO Sortino Ratio Rank: 24
FFIX.NEO Omega Ratio Rank: 23
FFIX.NEO Calmar Ratio Rank: 30
FFIX.NEO Martin Ratio Rank: 30

BND.TO

BND.TO Risk / Return Rank: 56
BND.TO Sharpe Ratio Rank: 60
BND.TO Sortino Ratio Rank: 63
BND.TO Omega Ratio Rank: 63
BND.TO Calmar Ratio Rank: 43
BND.TO Martin Ratio Rank: 52

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.

FFIX.NEO vs. BND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Fixed Income ETF (FFIX.NEO) and Purpose Global Bond Fund (BND.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.

	FFIX.NEO	BND.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.91	-1.05
Sortino ratio: Return per unit of downside risk	1.24	2.79	-1.55
Omega ratio: Gain probability vs. loss probability	1.15	1.36	-0.21
Calmar ratio: Return relative to maximum drawdown	1.42	2.09	-0.67
Martin ratio: Return relative to average drawdown	3.89	8.59	-4.70

FFIX.NEO vs. BND.TO - Sharpe Ratio Comparison

The current FFIX.NEO Sharpe Ratio is 0.86, which is lower than the BND.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FFIX.NEO and BND.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

FFIX.NEO vs. BND.TO - Drawdown Comparison

The maximum FFIX.NEO drawdown since its inception was -2.57%, smaller than the maximum BND.TO drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for FFIX.NEO and BND.TO.

Drawdown Indicators

	FFIX.NEO	BND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-16.55%	+13.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-2.87%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.55%	—
Current Drawdown Current decline from peak	-0.23%	-0.11%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.71%	-2.10%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.70%	+0.24%

Volatility

FFIX.NEO vs. BND.TO - Volatility Comparison

The current volatility for Fidelity All-in-One Fixed Income ETF (FFIX.NEO) is 1.05%, while Purpose Global Bond Fund (BND.TO) has a volatility of 1.22%. This indicates that FFIX.NEO experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFIX.NEO	BND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.22%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	3.19%	2.72%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.25%	3.14%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	5.10%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	5.15%	-0.93%

Dividends

FFIX.NEO vs. BND.TO - Dividend Comparison

FFIX.NEO's dividend yield for the trailing twelve months is around 3.88%, less than BND.TO's 5.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND.TO Purpose Global Bond Fund	5.82%	5.70%	5.24%	5.20%	4.14%	3.67%	3.48%	3.11%	3.96%	3.47%	3.26%	0.53%
FFIX.NEO Fidelity All-in-One Fixed Income ETF	3.88%	2.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFIX.NEO and BND.TO in my portfolio?

FFIX.NEO and BND.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.