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FGEP.TO vs. CIE.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FGEP.TO vs. CIE.NEO

Last updated Jun 4, 2026

FGEP.TO (Fidelity Global Equity+ Fund ETF) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds. FGEP.TO is actively managed, while CIE.NEO is passively managed. Over the past year, FGEP.TO returned 33.16% vs 39.49% for CIE.NEO. A 0.62 correlation means they provide meaningful diversification when combined. FGEP.TO charges 1.16%/yr vs 0.73%/yr for CIE.NEO.

Performance

FGEP.TO vs. CIE.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Equity+ Fund ETF (FGEP.TO) and iShares International Fundamental Common Class (CIE.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FGEP.TO achieves a 16.78% return, which is significantly lower than CIE.NEO's 17.83% return.

FGEP.TO

1D
-0.40%
1M
6.04%
YTD
16.78%
6M
17.33%
1Y
33.16%
3Y*
—
5Y*
—
10Y*
—

CIE.NEO

1D
-0.39%
1M
6.26%
YTD
17.83%
6M
19.92%
1Y
39.49%
3Y*
25.09%
5Y*
15.50%
10Y*
11.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FGEP.TO vs. CIE.NEO - Yearly Performance Comparison

2026 (YTD)20252024
FGEP.TO
Fidelity Global Equity+ Fund ETF		16.78%17.44%9.99%
CIE.NEO
iShares International Fundamental Common Class		17.83%34.92%1.75%

Correlation

The correlation between FGEP.TO and CIE.NEO is 0.68, 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

0.68

Correlation (All Time)
Calculated using the full available price history since May 23, 2024

0.62

The correlation between FGEP.TO and CIE.NEO has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Global Equity+ Fund ETF

iShares International Fundamental Common Class

Often compared with FGEP.TO:
FGEP.TO vs. FINN.NEOFGEP.TO vs. XEQT.TOFGEP.TO vs. VVO.TOFGEP.TO vs. CAGE.TOFGEP.TO vs. BREA.TOFGEP.TO vs. FCMO.NEOFGEP.TO vs. VMO.TO
Often compared with CIE.NEO:
CIE.NEO vs. PXFCIE.NEO vs. VGG.TOCIE.NEO vs. SPYCIE.NEO vs. DFIVCIE.NEO vs. FCCM.NEOCIE.NEO vs. XMW.TOCIE.NEO vs. XEQT.TO

Return for Risk

FGEP.TO vs. CIE.NEO — 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: 8989
Overall Rank
FGEP.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FGEP.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
FGEP.TO Omega Ratio Rank: 9191
Omega Ratio Rank
FGEP.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
FGEP.TO Martin Ratio Rank: 8989
Martin Ratio Rank
CIE.NEO
CIE.NEO Risk / Return Rank: 8282
Overall Rank
CIE.NEO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CIE.NEO Sortino Ratio Rank: 8686
Sortino Ratio Rank
CIE.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
CIE.NEO Calmar Ratio Rank: 7272
Calmar Ratio Rank
CIE.NEO Martin Ratio Rank: 7777
Martin Ratio Rank
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. CIE.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and iShares International Fundamental Common Class (CIE.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.

FGEP.TOCIE.NEODifference
Sharpe ratioReturn per unit of total volatility
3.19
2.85

+0.34

Sortino ratioReturn per unit of downside risk
4.40
3.90

+0.50

Omega ratioGain probability vs. loss probability

1.61

1.54

+0.07

Calmar ratioReturn relative to maximum drawdown

4.67

3.57

+1.09

Martin ratioReturn relative to average drawdown

19.65

14.78

+4.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGEP.TO vs. CIE.NEO - Sharpe Ratio Comparison

The current FGEP.TO Sharpe Ratio is 3.19, which is comparable to the CIE.NEO Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of FGEP.TO and CIE.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FGEP.TOCIE.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.19

2.85

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.13

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.78

0.44

+1.34

Drawdowns

FGEP.TO vs. CIE.NEO - Drawdown Comparison

The maximum FGEP.TO drawdown since its inception was -14.78%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and CIE.NEO.

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Drawdown Indicators

FGEP.TOCIE.NEODifference

Max Drawdown

Largest peak-to-trough decline

-14.78%

-40.08%

+25.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-11.10%

+3.96%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.44%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.55%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.08%

—

Current Drawdown

Current decline from peak

-0.66%

-0.39%

-0.27%

Average Drawdown

Average peak-to-trough decline

-1.64%

-7.13%

+5.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

2.68%

-0.99%

Volatility

FGEP.TO vs. CIE.NEO - Volatility Comparison

The current volatility for Fidelity Global Equity+ Fund ETF (FGEP.TO) is 3.81%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.85%. This indicates that FGEP.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FGEP.TOCIE.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

4.85%

-1.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.34%

11.56%

-3.22%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

13.95%

-3.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.70%

13.85%

-1.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.70%

18.19%

-5.49%

FGEP.TO vs. CIE.NEO - Expense Ratio Comparison

FGEP.TO has a 1.16% expense ratio, which is higher than CIE.NEO's 0.73% expense ratio.

Dividends

FGEP.TO vs. CIE.NEO - Dividend Comparison

FGEP.TO has not paid dividends to shareholders, while CIE.NEO's dividend yield for the trailing twelve months is around 2.12%.

PositionTTM20252024202320222021202020192018201720162015
CIE.NEO
iShares International Fundamental Common Class		2.12%2.53%2.82%3.08%3.32%2.89%2.15%3.63%3.12%2.67%2.80%2.44%
FGEP.TO
Fidelity Global Equity+ Fund ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FGEP.TO and CIE.NEO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CIE.NEO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CIE.NEO is cheaper with a 0.73% expense ratio, compared with 1.16% for FGEP.TO.

They also come from different issuers: Fidelity and iShares. Their fees differ too: 1.16% for FGEP.TO and 0.73% for CIE.NEO.

Portfolio Optimizer

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