FFIX.NEO vs. FEQT.NEO

Last updated Jun 4, 2026

FFIX.NEO (Fidelity All-in-One Fixed Income ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FFIX.NEO is a Global Bonds fund actively managed by Fidelity, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past year, FFIX.NEO returned 3.74% vs 25.84% for FEQT.NEO. At a 0.31 correlation, their price movements are largely independent. FFIX.NEO charges 0.33%/yr vs 0.43%/yr for FEQT.NEO.

Performance

FFIX.NEO vs. FEQT.NEO - 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 Fidelity All-in-One Equity ETF Fund (FEQT.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFIX.NEO achieves a 1.46% return, which is significantly lower than FEQT.NEO's 10.90% return.

FFIX.NEO

• 1D: -0.05%
• 1M: 0.72%
• YTD: 1.46%
• 6M: 0.73%
• 1Y: 3.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQT.NEO

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

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

FFIX.NEO vs. FEQT.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
FFIX.NEO Fidelity All-in-One Fixed Income ETF	1.46%	2.24%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	10.90%	13.09%

Correlation

The correlation between FFIX.NEO and FEQT.NEO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.31

Return for Risk

FFIX.NEO vs. FEQT.NEO — 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: 72
FEQT.NEO Sharpe Ratio Rank: 74
FEQT.NEO Sortino Ratio Rank: 74
FEQT.NEO Omega Ratio Rank: 75
FEQT.NEO Calmar Ratio Rank: 64
FEQT.NEO Martin Ratio Rank: 73

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. FEQT.NEO - 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 Fidelity All-in-One Equity ETF Fund (FEQT.NEO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FFIX.NEO	FEQT.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.79	-0.90

Drawdowns

FFIX.NEO vs. FEQT.NEO - Drawdown Comparison

The maximum FFIX.NEO drawdown since its inception was -2.57%, smaller than the maximum FEQT.NEO drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for FFIX.NEO and FEQT.NEO.

Drawdown Indicators

	FFIX.NEO	FEQT.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-13.24%	+10.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-8.31%	+5.74%
Current Drawdown Current decline from peak	-0.33%	-0.48%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.71%	-1.45%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	FFIX.NEO	FEQT.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	11.02%	-6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.19%	12.44%	-8.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.19%	12.44%	-8.25%

FFIX.NEO vs. FEQT.NEO - Expense Ratio Comparison

FFIX.NEO has a 0.33% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.

Dividends

FFIX.NEO vs. FEQT.NEO - Dividend Comparison

FFIX.NEO's dividend yield for the trailing twelve months is around 3.89%, more than FEQT.NEO's 0.82% yield.

Position	TTM	2025	2024
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.82%	0.91%	0.91%
FFIX.NEO Fidelity All-in-One Fixed Income ETF	3.89%	2.33%	0.00%

Frequently Asked Questions

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

FFIX.NEO and FEQT.NEO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FFIX.NEO or FEQT.NEO?

On fees, FFIX.NEO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FFIX.NEO or FEQT.NEO?

FFIX.NEO is cheaper with a 0.33% expense ratio, compared with 0.43% for FEQT.NEO.

What is the main difference between FFIX.NEO and FEQT.NEO?

FFIX.NEO is categorized as Global Bonds, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.33% for FFIX.NEO and 0.43% for FEQT.NEO.