FGEP.TO vs. ONEQ.TO
FGEP.TO (Fidelity Global Equity+ Fund ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, FGEP.TO returned 28.96% vs 27.17% for ONEQ.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
FGEP.TO vs. ONEQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FGEP.TO achieves a 18.48% return, which is significantly higher than ONEQ.TO's 14.70% return.
FGEP.TO
- 1D
- -0.71%
- 1M
- 1.19%
- 6M
- 13.73%
- YTD
- 18.48%
- 1Y
- 28.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEQ.TO
- 1D
- 0.37%
- 1M
- 1.81%
- 6M
- 11.55%
- YTD
- 14.70%
- 1Y
- 27.17%
- 3Y*
- 21.45%
- 5Y*
- 13.44%
- 10Y*
- 12.00%
FGEP.TO vs. ONEQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 18.48% | 17.44% | 9.88% |
ONEQ.TO CI Global Core Plus Equity ETF | 14.70% | 17.62% | 8.73% |
Correlation
The correlation between FGEP.TO and ONEQ.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.33 |
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Return for Risk
FGEP.TO vs. ONEQ.TO — Risk / Return Rank
FGEP.TO
ONEQ.TO
FGEP.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and CI Global Core Plus Equity ETF (ONEQ.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.
| FGEP.TO | ONEQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.46 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.05 | +0.03 |
| Martin ratioReturn relative to average drawdown | 16.66 | 17.86 | -1.20 |
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Drawdowns
FGEP.TO vs. ONEQ.TO - Drawdown Comparison
The maximum FGEP.TO drawdown since its inception was -14.78%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and ONEQ.TO.
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Drawdown Indicators
| FGEP.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -34.40% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -6.66% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.40% | — |
Current DrawdownCurrent decline from peak | -1.67% | -0.03% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -3.70% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.51% | +0.23% |
Volatility
FGEP.TO vs. ONEQ.TO - Volatility Comparison
Fidelity Global Equity+ Fund ETF (FGEP.TO) and CI Global Core Plus Equity ETF (ONEQ.TO) have volatilities of 3.54% and 3.42%, 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.
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Volatility by Period
| FGEP.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.42% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 9.89% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 11.94% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 13.28% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 13.91% | -1.18% |
Dividends
FGEP.TO vs. ONEQ.TO - Dividend Comparison
FGEP.TO has not paid dividends to shareholders, while ONEQ.TO's dividend yield for the trailing twelve months is around 1.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ONEQ.TO CI Global Core Plus Equity ETF | 1.59% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% |
Frequently Asked Questions
FGEP.TO and ONEQ.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Fidelity and CI.
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