PYF.TO vs. FEQT.NEO
PYF.TO (Purpose Premium Yield Fund Series ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, PYF.TO returned 2.22% vs 24.74% for FEQT.NEO. At a 0.37 correlation, their price movements are largely independent.
Performance
PYF.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, PYF.TO achieves a 1.16% return, which is significantly lower than FEQT.NEO's 10.30% return.
PYF.TO
- 1D
- -0.42%
- 1M
- 0.79%
- YTD
- 1.16%
- 6M
- 1.28%
- 1Y
- 2.22%
- 3Y*
- 6.48%
- 5Y*
- 5.99%
- 10Y*
- 4.63%
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYF.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PYF.TO Purpose Premium Yield Fund Series ETF | 1.16% | 5.45% | 4.70% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between PYF.TO and FEQT.NEO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.37 |
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Return for Risk
PYF.TO vs. FEQT.NEO — Risk / Return Rank
PYF.TO
FEQT.NEO
PYF.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Premium Yield Fund Series ETF (PYF.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.
| PYF.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.99 | -1.94 |
| Martin ratioReturn relative to average drawdown | 2.83 | 12.96 | -10.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYF.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.26 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.77 | -1.06 |
Drawdowns
PYF.TO vs. FEQT.NEO - Drawdown Comparison
The maximum PYF.TO drawdown since its inception was -20.53%, which is greater than FEQT.NEO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for PYF.TO and FEQT.NEO.
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Drawdown Indicators
| PYF.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -13.24% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -8.31% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.02% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -1.45% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.91% | -1.12% |
Volatility
PYF.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for Purpose Premium Yield Fund Series ETF (PYF.TO) is 1.18%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.89%. This indicates that PYF.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
| PYF.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 3.89% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 8.88% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 11.01% | -7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.19% | 12.45% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 12.45% | -5.78% |
Dividends
PYF.TO vs. FEQT.NEO - Dividend Comparison
PYF.TO's dividend yield for the trailing twelve months is around 7.36%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PYF.TO Purpose Premium Yield Fund Series ETF | 7.36% | 7.84% | 7.66% | 7.47% | 5.78% | 5.74% | 5.69% | 5.29% | 5.38% | 5.83% | 6.59% |
Frequently Asked Questions
PYF.TO and FEQT.NEO have a correlation of 0.38, 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: Purpose Investments and Fidelity.
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