CGLO.TO vs. FINN.NEO
CGLO.TO (CIBC Global Growth ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, CGLO.TO returned 10.36%/yr vs 43.00%/yr for FINN.NEO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. FINN.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than FINN.NEO's 40.98% return.
CGLO.TO
- 1D
- -0.81%
- 1M
- 0.82%
- 6M
- 2.26%
- YTD
- 5.72%
- 1Y
- 9.94%
- 3Y*
- 10.36%
- 5Y*
- 7.12%
- 10Y*
- —
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
CGLO.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 5.72% | 4.24% | 17.98% | 6.07% |
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between CGLO.TO and FINN.NEO is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.57 |
The correlation between CGLO.TO and FINN.NEO has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGLO.TO vs. FINN.NEO — Risk / Return Rank
CGLO.TO
FINN.NEO
CGLO.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and Fidelity Global Innovators ETF (FINN.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.
| CGLO.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 4.94 | -4.07 |
| Martin ratioReturn relative to average drawdown | 2.57 | 15.51 | -12.94 |
Loading charts...
Drawdowns
CGLO.TO vs. FINN.NEO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, roughly equal to the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and FINN.NEO.
Loading charts...
Drawdown Indicators
| CGLO.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -25.66% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -11.94% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -25.66% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -2.91% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.97% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.79% | +0.09% |
Volatility
CGLO.TO vs. FINN.NEO - Volatility Comparison
The current volatility for CIBC Global Growth ETF (CGLO.TO) is 5.33%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.08%. This indicates that CGLO.TO experiences smaller price fluctuations and is considered to be less risky than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGLO.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 6.08% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 20.03% | -8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 24.62% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 22.37% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 22.37% | -8.13% |
Dividends
CGLO.TO vs. FINN.NEO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% |
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGLO.TO and FINN.NEO have a correlation of 0.56, 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: CIBC and Fidelity.
Find the right allocation for CGLO.TO and FINN.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer