FGEP.TO vs. CAGE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Global Equity+ Fund ETF (FGEP.TO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO).

FGEP.TO and CAGE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGEP.TO is an actively managed fund by Fidelity. It was launched on Oct 3, 2023. CAGE.TO is an actively managed fund by Avantis. It was launched on Mar 18, 2026.

Performance

FGEP.TO vs. CAGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Equity+ Fund ETF (FGEP.TO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO). The values are adjusted to include any dividend payments, if applicable.

FGEP.TO vs. CAGE.TO - Yearly Performance Comparison

	2026 (YTD)
FGEP.TO Fidelity Global Equity+ Fund ETF	0.23%
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	1.44%

Returns By Period

FGEP.TO

• 1D: 2.07%
• 1M: -5.00%
• YTD: 2.94%
• 6M: 5.38%
• 1Y: 22.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAGE.TO

• 1D: 2.40%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGEP.TO vs. CAGE.TO - Expense Ratio Comparison

FGEP.TO

Fidelity Global Equity+ Fund ETF

Return for Risk

FGEP.TO vs. CAGE.TO — Risk / Return Rank

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

FGEP.TO

FGEP.TO Risk / Return Rank: 81
FGEP.TO Sharpe Ratio Rank: 80
FGEP.TO Sortino Ratio Rank: 80
FGEP.TO Omega Ratio Rank: 84
FGEP.TO Calmar Ratio Rank: 78
FGEP.TO Martin Ratio Rank: 85

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.

FGEP.TO vs. CAGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.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.

	FGEP.TO	CAGE.TO	Difference
Sharpe ratio Return per unit of total volatility	1.55	—	—
Sortino ratio Return per unit of downside risk	2.13	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	2.19	—	—
Martin ratio Return relative to average drawdown	10.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FGEP.TO	CAGE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	2.21	-0.90

Correlation

The correlation between FGEP.TO and CAGE.TO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FGEP.TO vs. CAGE.TO - Dividend Comparison

Neither FGEP.TO nor CAGE.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FGEP.TO vs. CAGE.TO - Drawdown Comparison

The maximum FGEP.TO drawdown since its inception was -14.78%, which is greater than CAGE.TO's maximum drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and CAGE.TO.

Drawdown Indicators

	FGEP.TO	CAGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-2.93%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	—	—
Current Drawdown Current decline from peak	-5.00%	0.00%	-5.00%
Average Drawdown Average peak-to-trough decline	-1.72%	-1.09%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	FGEP.TO	CAGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	23.65%	-9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	23.65%	-10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	23.65%	-10.90%