TCON.TO vs. FEQT.NEO
TCON.TO (TD Conservative ETF Portfolio) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, TCON.TO returned 13.36% vs 24.74% for FEQT.NEO. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
TCON.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, TCON.TO achieves a 5.47% return, which is significantly lower than FEQT.NEO's 10.30% return.
TCON.TO
- 1D
- -0.12%
- 1M
- 3.36%
- YTD
- 5.47%
- 6M
- 5.16%
- 1Y
- 13.36%
- 3Y*
- 10.64%
- 5Y*
- 5.86%
- 10Y*
- —
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TCON.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.47% | 10.47% | 8.18% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between TCON.TO and FEQT.NEO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.66 |
The correlation between TCON.TO and FEQT.NEO shifts across timeframes, from 0.66 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCON.TO vs. FEQT.NEO — Risk / Return Rank
TCON.TO
FEQT.NEO
TCON.TO vs. FEQT.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 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.
| TCON.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.99 | -0.34 |
| Martin ratioReturn relative to average drawdown | 11.37 | 12.96 | -1.59 |
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
| TCON.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.26 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.77 | -1.04 |
Drawdowns
TCON.TO vs. FEQT.NEO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, 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 TCON.TO and FEQT.NEO.
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Drawdown Indicators
| TCON.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -13.24% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -8.31% | +3.25% |
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 | -0.12% | -1.02% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -1.45% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.91% | -0.73% |
Volatility
TCON.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.98%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.89%. This indicates that TCON.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
| TCON.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 3.89% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 8.88% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 11.01% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 12.45% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 12.45% | -4.89% |
Dividends
TCON.TO vs. FEQT.NEO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.62%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
TCON.TO TD Conservative ETF Portfolio | 2.62% | 2.88% | 3.48% | 3.27% | 2.69% | 1.87% | 1.03% |
Frequently Asked Questions
TCON.TO and FEQT.NEO have a correlation of 0.78, 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: TD and Fidelity.
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