PRA.TO vs. FEQT.NEO
PRA.TO (Purpose Diversified Real Asset Fund) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, PRA.TO returned 17.58%/yr vs 22.78%/yr for FEQT.NEO. At a 0.41 correlation, their price movements are largely independent. PRA.TO charges 0.73%/yr vs 0.43%/yr for FEQT.NEO.
Performance
PRA.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, PRA.TO achieves a 26.15% return, which is significantly higher than FEQT.NEO's 12.69% return.
PRA.TO
- 1D
- 0.42%
- 1M
- 5.87%
- 6M
- 15.04%
- YTD
- 26.15%
- 1Y
- 38.59%
- 3Y*
- 17.58%
- 5Y*
- 15.86%
- 10Y*
- 10.51%
- ALL TIME*
- 7.94%
FEQT.NEO
- 1D
- 0.48%
- 1M
- 1.29%
- 6M
- 9.04%
- YTD
- 12.69%
- 1Y
- 23.31%
- 3Y*
- 22.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$6.22M | CA$6.15M | CA$8.36M | |
| CA$227.74K | CA$395.74K | CA$474.14K |
PRA.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 26.15% | 18.21% | 8.78% | 2.07% | 13.98% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.69% | 19.42% | 29.43% | 17.95% | -3.63% |
Correlation
The correlation between PRA.TO and FEQT.NEO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.41 |
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Return for Risk
PRA.TO vs. FEQT.NEO — Risk / Return Rank
PRA.TO
FEQT.NEO
PRA.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.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.
| PRA.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 2.82 | +3.50 |
| Martin ratioReturn relative to average drawdown | 20.55 | 11.60 | +8.95 |
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Drawdowns
PRA.TO vs. FEQT.NEO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.17%, which is greater than FEQT.NEO's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for PRA.TO and FEQT.NEO.
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Drawdown Indicators
| PRA.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -15.98% | -18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -8.31% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -13.24% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.83% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -2.83% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.01% | -0.13% |
Volatility
PRA.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for Purpose Diversified Real Asset Fund (PRA.TO) is 2.76%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.01%. This indicates that PRA.TO experiences smaller price fluctuations and is considered to be less risky than FEQT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRA.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.01% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 10.06% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 12.16% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 12.56% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 12.56% | +1.89% |
PRA.TO vs. FEQT.NEO - Expense Ratio Comparison
PRA.TO has a 0.73% expense ratio, which is higher than FEQT.NEO's 0.43% expense ratio.
Dividends
PRA.TO vs. FEQT.NEO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.07%, more than FEQT.NEO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRA.TO Purpose Diversified Real Asset Fund | 2.07% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.93% | 1.64% | 2.09% |
Frequently Asked Questions
PRA.TO and FEQT.NEO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEQT.NEO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEQT.NEO is cheaper with a 0.43% expense ratio, compared with 0.73% for PRA.TO.
They also come from different issuers: Purpose Investments Inc. and Fidelity. Their fees differ too: 0.73% for PRA.TO and 0.43% for FEQT.NEO.
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