MEQT.TO vs. FINN.NEO
MEQT.TO (Mackenzie All-Equity Allocation ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. Both are actively managed. Over the past year, MEQT.TO returned 28.93% vs 59.13% for FINN.NEO. At a 0.45 correlation, their price movements are largely independent. MEQT.TO charges 0.17%/yr vs 1.09%/yr for FINN.NEO.
Performance
MEQT.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, MEQT.TO achieves a 14.10% return, which is significantly lower than FINN.NEO's 39.95% return.
MEQT.TO
- 1D
- -0.06%
- 1M
- 1.65%
- 6M
- 10.31%
- YTD
- 14.10%
- 1Y
- 28.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FINN.NEO
- 1D
- 0.76%
- 1M
- 6.73%
- 6M
- 31.51%
- YTD
- 39.95%
- 1Y
- 59.13%
- 3Y*
- 42.65%
- 5Y*
- —
- 10Y*
- —
MEQT.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 14.10% | 21.31% | 25.87% | 2.36% |
FINN.NEO Fidelity Global Innovators ETF | 39.95% | 20.61% | 58.65% | 3.94% |
Correlation
The correlation between MEQT.TO and FINN.NEO is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.45 |
The correlation between MEQT.TO and FINN.NEO shifts across timeframes, from 0.45 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEQT.TO vs. FINN.NEO — Risk / Return Rank
MEQT.TO
FINN.NEO
MEQT.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.TO) and Fidelity Global Innovators ETF (FINN.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.
| MEQT.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.98 | -1.19 |
| Martin ratioReturn relative to average drawdown | 15.78 | 15.65 | +0.13 |
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Drawdowns
MEQT.TO vs. FINN.NEO - Drawdown Comparison
The maximum MEQT.TO drawdown since its inception was -15.14%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and FINN.NEO.
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Drawdown Indicators
| MEQT.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -25.66% | +10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -11.94% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Current DrawdownCurrent decline from peak | -1.15% | -3.62% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -3.98% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 3.79% | -1.95% |
Volatility
MEQT.TO vs. FINN.NEO - Volatility Comparison
The current volatility for Mackenzie All-Equity Allocation ETF (MEQT.TO) is 3.50%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 10.26%. This indicates that MEQT.TO experiences smaller price fluctuations and is considered to be less risky than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEQT.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 10.26% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 20.07% | -9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 24.63% | -12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 22.38% | -10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.03% | 22.38% | -10.35% |
MEQT.TO vs. FINN.NEO - Expense Ratio Comparison
MEQT.TO has a 0.17% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
MEQT.TO vs. FINN.NEO - Dividend Comparison
MEQT.TO's dividend yield for the trailing twelve months is around 1.46%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.46% | 1.60% | 1.73% | 0.81% |
Frequently Asked Questions
MEQT.TO and FINN.NEO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEQT.TO is cheaper with a 0.17% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Mackenzie Investments and Fidelity. Their fees differ too: 0.17% for MEQT.TO and 1.09% for FINN.NEO.
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