IGB.TO vs. FFIX.NEO
IGB.TO (Purpose Global Bond Class) and FFIX.NEO (Fidelity All-in-One Fixed Income ETF) are both Global Bonds funds. Both are actively managed. Over the past year, IGB.TO returned 1.77% vs 3.34% for FFIX.NEO. At a 0.38 correlation, their price movements are largely independent. IGB.TO charges 0.55%/yr vs 0.33%/yr for FFIX.NEO.
Performance
IGB.TO vs. FFIX.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGB.TO achieves a -0.32% return, which is significantly lower than FFIX.NEO's 0.61% return.
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
FFIX.NEO
- 1D
- 0.10%
- 1M
- -1.24%
- 6M
- 0.01%
- YTD
- 0.61%
- 1Y
- 3.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$134.91K | CA$149.85K | CA$164.38K | |
| CA$95.58K | CA$158.59K | CA$295.38K |
IGB.TO vs. FFIX.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGB.TO Purpose Global Bond Class | -0.32% | 3.25% |
FFIX.NEO Fidelity All-in-One Fixed Income ETF | 0.61% | 2.76% |
Correlation
The correlation between IGB.TO and FFIX.NEO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGB.TO vs. FFIX.NEO — Risk / Return Rank
IGB.TO
FFIX.NEO
IGB.TO vs. FFIX.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Class (IGB.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.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.
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.
| IGB.TO | FFIX.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.14 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.30 | -0.68 |
| Martin ratioReturn relative to average drawdown | 2.16 | 3.61 | -1.44 |
Loading charts...
Drawdowns
IGB.TO vs. FFIX.NEO - Drawdown Comparison
The maximum IGB.TO drawdown since its inception was -16.40%, which is greater than FFIX.NEO's maximum drawdown of -2.57%. Use the drawdown chart below to compare losses from any high point for IGB.TO and FFIX.NEO.
Loading charts...
Drawdown Indicators
| IGB.TO | FFIX.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -2.57% | -13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.57% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.50% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.72% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.93% | -0.11% |
Volatility
IGB.TO vs. FFIX.NEO - Volatility Comparison
The current volatility for Purpose Global Bond Class (IGB.TO) is 0.73%, while Fidelity All-in-One Fixed Income ETF (FFIX.NEO) has a volatility of 1.08%. This indicates that IGB.TO experiences smaller price fluctuations and is considered to be less risky than FFIX.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGB.TO | FFIX.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.08% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 3.28% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 4.23% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.19% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 4.19% | +1.56% |
IGB.TO vs. FFIX.NEO - Expense Ratio Comparison
IGB.TO has a 0.55% expense ratio, which is higher than FFIX.NEO's 0.33% expense ratio.
Dividends
IGB.TO vs. FFIX.NEO - Dividend Comparison
IGB.TO's dividend yield for the trailing twelve months is around 4.86%, more than FFIX.NEO's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FFIX.NEO Fidelity All-in-One Fixed Income ETF | 4.06% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
Frequently Asked Questions
IGB.TO and FFIX.NEO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FFIX.NEO is cheaper with a 0.33% expense ratio, compared with 0.55% for IGB.TO.
They also come from different issuers: Purpose Investments Inc. and Fidelity. Their fees differ too: 0.55% for IGB.TO and 0.33% for FFIX.NEO.
Find the right allocation for IGB.TO and FFIX.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer