XCNS.TO vs. FEQT.NEO
XCNS.TO (iShares Core Conservative Balanced 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, XCNS.TO returned 12.72% vs 24.74% for FEQT.NEO. A 0.79 correlation means they provide meaningful diversification when combined. XCNS.TO charges 0.20%/yr vs 0.43%/yr for FEQT.NEO.
Performance
XCNS.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XCNS.TO achieves a 5.57% return, which is significantly lower than FEQT.NEO's 10.30% return.
XCNS.TO
- 1D
- -0.26%
- 1M
- 3.19%
- YTD
- 5.57%
- 6M
- 4.19%
- 1Y
- 12.72%
- 3Y*
- 10.96%
- 5Y*
- 5.71%
- 10Y*
- —
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XCNS.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 5.57% | 9.44% | 8.36% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between XCNS.TO and FEQT.NEO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.79 |
The correlation between XCNS.TO and FEQT.NEO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
XCNS.TO vs. FEQT.NEO — Risk / Return Rank
XCNS.TO
FEQT.NEO
XCNS.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.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.
| XCNS.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.99 | -0.36 |
| Martin ratioReturn relative to average drawdown | 10.25 | 12.96 | -2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCNS.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.26 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.77 | -0.91 |
Drawdowns
XCNS.TO vs. FEQT.NEO - Drawdown Comparison
The maximum XCNS.TO drawdown since its inception was -16.96%, 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 XCNS.TO and FEQT.NEO.
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Drawdown Indicators
| XCNS.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.96% | -13.24% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -8.31% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -1.02% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -1.45% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.91% | -0.67% |
Volatility
XCNS.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) is 3.14%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.89%. This indicates that XCNS.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
| XCNS.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.89% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | 8.88% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 11.01% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 12.45% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 12.45% | -4.84% |
XCNS.TO vs. FEQT.NEO - Expense Ratio Comparison
XCNS.TO has a 0.20% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
XCNS.TO vs. FEQT.NEO - Dividend Comparison
XCNS.TO's dividend yield for the trailing twelve months is around 2.50%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 2.50% | 2.55% | 2.58% | 2.49% | 2.26% | 1.81% | 2.15% | 0.92% |
Frequently Asked Questions
XCNS.TO and FEQT.NEO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCNS.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCNS.TO is cheaper with a 0.20% expense ratio, compared with 0.43% for FEQT.NEO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.20% for XCNS.TO and 0.43% for FEQT.NEO.
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