FGRO.NEO vs. CEQP.TO

Last updated Jun 5, 2026

FGRO.NEO (Fidelity All-in-One Growth ETF) and CEQP.TO (CI Equity+ Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. FGRO.NEO charges 0.42%/yr vs 0.30%/yr for CEQP.TO.

Performance

FGRO.NEO vs. CEQP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Growth ETF (FGRO.NEO) and CI Equity+ Asset Allocation ETF (CEQP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGRO.NEO

• 1D: 0.54%
• 1M: 3.71%
• YTD: 9.39%
• 6M: 9.21%
• 1Y: 22.30%
• 3Y*: 21.34%
• 5Y*: 14.69%
• 10Y*: —

CEQP.TO

• 1D: 0.19%
• 1M: 5.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRO.NEO vs. CEQP.TO - Yearly Performance Comparison

	2026 (YTD)
FGRO.NEO Fidelity All-in-One Growth ETF	6.17%
CEQP.TO CI Equity+ Asset Allocation ETF	7.21%

Correlation

The correlation between FGRO.NEO and CEQP.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026	0.13

Return for Risk

FGRO.NEO vs. CEQP.TO — Risk / Return Rank

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

FGRO.NEO

FGRO.NEO Risk / Return Rank: 70
FGRO.NEO Sharpe Ratio Rank: 72
FGRO.NEO Sortino Ratio Rank: 73
FGRO.NEO Omega Ratio Rank: 74
FGRO.NEO Calmar Ratio Rank: 61
FGRO.NEO Martin Ratio Rank: 69

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.

FGRO.NEO vs. CEQP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Growth ETF (FGRO.NEO) and CI Equity+ Asset Allocation ETF (CEQP.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.

	FGRO.NEO	CEQP.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	12.68	—	—
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

	FGRO.NEO	CEQP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	1.37	+0.01

Drawdowns

FGRO.NEO vs. CEQP.TO - Drawdown Comparison

The maximum FGRO.NEO drawdown since its inception was -15.23%, which is greater than CEQP.TO's maximum drawdown of -8.33%. Use the drawdown chart below to compare losses from any high point for FGRO.NEO and CEQP.TO.

Drawdown Indicators

	FGRO.NEO	CEQP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.23%	-8.33%	-6.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.23%	—	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.52%	-1.89%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	—	—

Volatility

Volatility by Period

	FGRO.NEO	CEQP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	16.40%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.59%	16.40%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.47%	16.40%	-5.93%

FGRO.NEO vs. CEQP.TO - Expense Ratio Comparison

FGRO.NEO has a 0.42% expense ratio, which is higher than CEQP.TO's 0.30% expense ratio.

Dividends

FGRO.NEO vs. CEQP.TO - Dividend Comparison

FGRO.NEO's dividend yield for the trailing twelve months is around 1.13%, more than CEQP.TO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021
CEQP.TO CI Equity+ Asset Allocation ETF	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
FGRO.NEO Fidelity All-in-One Growth ETF	1.13%	1.24%	1.09%	1.39%	4.58%	0.94%

Frequently Asked Questions

Can I hold both FGRO.NEO and CEQP.TO in my portfolio?

FGRO.NEO and CEQP.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGRO.NEO or CEQP.TO?

On fees, CEQP.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRO.NEO or CEQP.TO?

CEQP.TO is cheaper with a 0.30% expense ratio, compared with 0.42% for FGRO.NEO.

What is the main difference between FGRO.NEO and CEQP.TO?

They also come from different issuers: Fidelity and CI. Their fees differ too: 0.42% for FGRO.NEO and 0.30% for CEQP.TO.