TCON.TO vs. FCNS.NEO
TCON.TO (TD Conservative ETF Portfolio) and FCNS.NEO (Fidelity All-in-One Conservative ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, TCON.TO returned 11.80% vs 11.20% for FCNS.NEO. Their correlation of 0.82 means they have usually moved in the same direction. TCON.TO charges 0.17%/yr vs 0.40%/yr for FCNS.NEO.
Performance
TCON.TO vs. FCNS.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TCON.TO having a 5.41% return and FCNS.NEO slightly lower at 5.36%.
TCON.TO
- 1D
- -0.23%
- 1M
- -1.00%
- 6M
- 4.01%
- YTD
- 5.41%
- 1Y
- 11.80%
- 3Y*
- 10.36%
- 5Y*
- 5.13%
- 10Y*
- —
- ALL TIME*
- 5.36%
FCNS.NEO
- 1D
- -0.39%
- 1M
- -1.46%
- 6M
- 3.90%
- YTD
- 5.36%
- 1Y
- 11.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$3.35M | CA$4.12M | CA$3.46M | |
| CA$186.38K | CA$201.50K | CA$208.02K |
TCON.TO vs. FCNS.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.41% | 10.47% | 8.26% |
FCNS.NEO Fidelity All-in-One Conservative ETF | 5.36% | 9.95% | 9.08% |
Correlation
The correlation between TCON.TO and FCNS.NEO is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.82 |
The correlation between TCON.TO and FCNS.NEO has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
TCON.TO vs. FCNS.NEO — Risk / Return Rank
TCON.TO
FCNS.NEO
TCON.TO vs. FCNS.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and Fidelity All-in-One Conservative ETF (FCNS.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.
| TCON.TO | FCNS.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.28 | 0.00 |
| Martin ratioReturn relative to average drawdown | 9.44 | 8.70 | +0.74 |
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Drawdowns
TCON.TO vs. FCNS.NEO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, which is greater than FCNS.NEO's maximum drawdown of -6.45%. Use the drawdown chart below to compare losses from any high point for TCON.TO and FCNS.NEO.
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Drawdown Indicators
| TCON.TO | FCNS.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -6.45% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -4.85% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -1.84% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -0.89% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.27% | -0.05% |
Volatility
TCON.TO vs. FCNS.NEO - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.86%, while Fidelity All-in-One Conservative ETF (FCNS.NEO) has a volatility of 2.27%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky than FCNS.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCON.TO | FCNS.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 2.27% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 5.86% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.70% | 6.92% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 6.92% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 6.92% | +0.62% |
TCON.TO vs. FCNS.NEO - Expense Ratio Comparison
TCON.TO has a 0.17% expense ratio, which is lower than FCNS.NEO's 0.40% expense ratio.
Dividends
TCON.TO vs. FCNS.NEO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.57%, more than FCNS.NEO's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCNS.NEO Fidelity All-in-One Conservative ETF | 1.96% | 2.07% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
TCON.TO TD Conservative ETF Portfolio | 2.57% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% |
Frequently Asked Questions
TCON.TO and FCNS.NEO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCON.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCON.TO is cheaper with a 0.17% expense ratio, compared with 0.40% for FCNS.NEO.
They also come from different issuers: TD and Fidelity. Their fees differ too: 0.17% for TCON.TO and 0.40% for FCNS.NEO.
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