RGBM.TO vs. FEQT.NEO

Last updated Jun 5, 2026

RGBM.TO (Return Stacked Global Balanced & Macro ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - RGBM.TO is a Multistrategy fund actively managed by Return Stacked, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past year, RGBM.TO returned 28.02% vs 26.09% for FEQT.NEO. At a 0.21 correlation, their price movements are largely independent. RGBM.TO charges 0.85%/yr vs 0.43%/yr for FEQT.NEO.

Performance

RGBM.TO vs. FEQT.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Return Stacked Global Balanced & Macro ETF (RGBM.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGBM.TO achieves a 17.47% return, which is significantly higher than FEQT.NEO's 10.90% return.

RGBM.TO

• 1D: 0.70%
• 1M: 3.60%
• YTD: 17.47%
• 6M: 14.94%
• 1Y: 28.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQT.NEO

• 1D: 0.54%
• 1M: 2.32%
• YTD: 10.90%
• 6M: 11.83%
• 1Y: 26.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RGBM.TO vs. FEQT.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
RGBM.TO Return Stacked Global Balanced & Macro ETF	17.47%	-2.08%
FEQT.NEO Fidelity All-in-One Equity ETF Fund	10.90%	14.47%

Correlation

The correlation between RGBM.TO and FEQT.NEO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.21

Return for Risk

RGBM.TO vs. FEQT.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGBM.TO

RGBM.TO Risk / Return Rank: 80
RGBM.TO Sharpe Ratio Rank: 82
RGBM.TO Sortino Ratio Rank: 85
RGBM.TO Omega Ratio Rank: 82
RGBM.TO Calmar Ratio Rank: 85
RGBM.TO Martin Ratio Rank: 66

FEQT.NEO

FEQT.NEO Risk / Return Rank: 72
FEQT.NEO Sharpe Ratio Rank: 74
FEQT.NEO Sortino Ratio Rank: 74
FEQT.NEO Omega Ratio Rank: 75
FEQT.NEO Calmar Ratio Rank: 64
FEQT.NEO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGBM.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Global Balanced & Macro ETF (RGBM.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.

	RGBM.TO	FEQT.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.36	+0.27
Sortino ratio: Return per unit of downside risk	3.75	3.30	+0.46
Omega ratio: Gain probability vs. loss probability	1.49	1.44	+0.04
Calmar ratio: Return relative to maximum drawdown	4.58	3.12	+1.45
Martin ratio: Return relative to average drawdown	11.83	13.53	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGBM.TO vs. FEQT.NEO - Sharpe Ratio Comparison

The current RGBM.TO Sharpe Ratio is 2.63, which is comparable to the FEQT.NEO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of RGBM.TO and FEQT.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RGBM.TO	FEQT.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.36	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.79	-0.92

Drawdowns

RGBM.TO vs. FEQT.NEO - Drawdown Comparison

The maximum RGBM.TO drawdown since its inception was -15.89%, 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 RGBM.TO and FEQT.NEO.

Drawdown Indicators

	RGBM.TO	FEQT.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	-13.24%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-8.31%	+2.12%
Current Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-4.88%	-1.45%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.91%	+0.48%

Volatility

RGBM.TO vs. FEQT.NEO - Volatility Comparison

The current volatility for Return Stacked Global Balanced & Macro ETF (RGBM.TO) is 2.63%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.90%. This indicates that RGBM.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.

Volatility by Period

	RGBM.TO	FEQT.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.90%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	8.89%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	11.02%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	12.44%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.89%	12.44%	+0.45%

RGBM.TO vs. FEQT.NEO - Expense Ratio Comparison

RGBM.TO has a 0.85% expense ratio, which is higher than FEQT.NEO's 0.43% expense ratio.

Dividends

RGBM.TO vs. FEQT.NEO - Dividend Comparison

RGBM.TO has not paid dividends to shareholders, while FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024
FEQT.NEO Fidelity All-in-One Equity ETF Fund	0.82%	0.91%	0.91%
RGBM.TO Return Stacked Global Balanced & Macro ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RGBM.TO and FEQT.NEO in my portfolio?

RGBM.TO and FEQT.NEO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGBM.TO or FEQT.NEO?

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.

Which ETF is cheaper, RGBM.TO or FEQT.NEO?

FEQT.NEO is cheaper with a 0.43% expense ratio, compared with 0.85% for RGBM.TO.

What is the main difference between RGBM.TO and FEQT.NEO?

RGBM.TO is categorized as Multistrategy, while FEQT.NEO is Diversified Portfolio. They also come from different issuers: Return Stacked and Fidelity. Their fees differ too: 0.85% for RGBM.TO and 0.43% for FEQT.NEO.