MIVG.TO vs. FGEP.TO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. Both are actively managed. Over the past year, MIVG.TO returned 9.96% vs 29.55% for FGEP.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. FGEP.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly lower than FGEP.TO's 19.03% return.
MIVG.TO
- 1D
- 0.52%
- 1M
- 2.75%
- 6M
- 1.92%
- YTD
- 4.03%
- 1Y
- 9.96%
- 3Y*
- 13.54%
- 5Y*
- 8.69%
- 10Y*
- —
FGEP.TO
- 1D
- 0.46%
- 1M
- 0.52%
- 6M
- 14.17%
- YTD
- 19.03%
- 1Y
- 29.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MIVG.TO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 4.03% | 9.98% | 12.69% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 19.03% | 17.44% | 9.88% |
Correlation
The correlation between MIVG.TO and FGEP.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.33 |
The correlation between MIVG.TO and FGEP.TO shifts across timeframes, from 0.33 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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
MIVG.TO vs. FGEP.TO — Risk / Return Rank
MIVG.TO
FGEP.TO
MIVG.TO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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.
| MIVG.TO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.49 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 4.16 | -3.35 |
| Martin ratioReturn relative to average drawdown | 2.31 | 16.98 | -14.67 |
Loading charts...
Drawdowns
MIVG.TO vs. FGEP.TO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and FGEP.TO.
Loading charts...
Drawdown Indicators
| MIVG.TO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -14.78% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -7.14% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.22% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -1.60% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.74% | +1.97% |
Volatility
MIVG.TO vs. FGEP.TO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to Fidelity Global Equity+ Fund ETF (FGEP.TO) at 3.39%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than FGEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIVG.TO | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.39% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.18% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.17% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 12.72% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 12.72% | +0.70% |
Dividends
MIVG.TO vs. FGEP.TO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.63% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% |
Frequently Asked Questions
MIVG.TO and FGEP.TO have a correlation of 0.43, 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: Mackenzie and Fidelity.
Find the right allocation for MIVG.TO and FGEP.TO
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