FCSB.NEO vs. FINN.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) and Fidelity Global Innovators ETF (FINN.NEO).

FCSB.NEO and FINN.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCSB.NEO is a passively managed fund by Fidelity that tracks the performance of the FTSE Canada Short Term Corporate Bond 5% Capped Index. It was launched on Sep 20, 2019. FINN.NEO is an actively managed fund by Fidelity. It was launched on May 19, 2023.

Performance

FCSB.NEO vs. FINN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) and Fidelity Global Innovators ETF (FINN.NEO). The values are adjusted to include any dividend payments, if applicable.

FCSB.NEO vs. FINN.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF	0.17%	4.15%	7.55%	5.00%
FINN.NEO Fidelity Global Innovators ETF	3.53%	20.61%	58.65%	17.86%

Returns By Period

In the year-to-date period, FCSB.NEO achieves a 0.17% return, which is significantly lower than FINN.NEO's 3.53% return.

FCSB.NEO

• 1D: -0.16%
• 1M: -0.81%
• YTD: 0.17%
• 6M: 0.40%
• 1Y: 3.02%
• 3Y*: 5.42%
• 5Y*: 2.69%
• 10Y*: —

FINN.NEO

• 1D: 3.31%
• 1M: -2.79%
• YTD: 3.53%
• 6M: 1.05%
• 1Y: 37.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCSB.NEO vs. FINN.NEO - Expense Ratio Comparison

FCSB.NEO has a 0.44% expense ratio, which is lower than FINN.NEO's 1.13% expense ratio.

FINN.NEO

Fidelity Global Innovators ETF

FCSB.NEO

Fidelity Canadian Short Term Corporate Bond ETF

Return for Risk

FCSB.NEO vs. FINN.NEO — Risk / Return Rank

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

FCSB.NEO

FCSB.NEO Risk / Return Rank: 57
FCSB.NEO Sharpe Ratio Rank: 57
FCSB.NEO Sortino Ratio Rank: 58
FCSB.NEO Omega Ratio Rank: 47
FCSB.NEO Calmar Ratio Rank: 62
FCSB.NEO Martin Ratio Rank: 62

FINN.NEO

FINN.NEO Risk / Return Rank: 80
FINN.NEO Sharpe Ratio Rank: 79
FINN.NEO Sortino Ratio Rank: 79
FINN.NEO Omega Ratio Rank: 73
FINN.NEO Calmar Ratio Rank: 88
FINN.NEO Martin Ratio Rank: 80

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.

FCSB.NEO vs. FINN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) 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.

	FCSB.NEO	FINN.NEO	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.54	-0.46
Sortino ratio Return per unit of downside risk	1.59	2.11	-0.51
Omega ratio Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio Return relative to maximum drawdown	1.81	2.95	-1.14
Martin ratio Return relative to average drawdown	7.05	9.28	-2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCSB.NEO vs. FINN.NEO - Sharpe Ratio Comparison

The current FCSB.NEO Sharpe Ratio is 1.08, which is comparable to the FINN.NEO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FCSB.NEO and FINN.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCSB.NEO	FINN.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.54	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.58	-0.96

Correlation

The correlation between FCSB.NEO and FINN.NEO is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FCSB.NEO vs. FINN.NEO - Dividend Comparison

FCSB.NEO's dividend yield for the trailing twelve months is around 3.80%, while FINN.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF	3.80%	3.73%	3.59%	3.06%	2.09%	1.58%	2.34%	0.38%
FINN.NEO Fidelity Global Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FCSB.NEO vs. FINN.NEO - Drawdown Comparison

The maximum FCSB.NEO drawdown since its inception was -12.48%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for FCSB.NEO and FINN.NEO.

Drawdown Indicators

	FCSB.NEO	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-12.48%	-25.66%	+13.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.58%	-13.04%	+11.46%
Max Drawdown (5Y) Largest decline over 5 years	-7.44%	—	—
Current Drawdown Current decline from peak	-1.11%	-4.90%	+3.79%
Average Drawdown Average peak-to-trough decline	-1.53%	-4.21%	+2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	4.15%	-3.74%

Volatility

FCSB.NEO vs. FINN.NEO - Volatility Comparison

The current volatility for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) is 1.24%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 9.76%. This indicates that FCSB.NEO 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.

Volatility by Period

	FCSB.NEO	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	9.76%	-8.52%
Volatility (6M) Calculated over the trailing 6-month period	2.05%	17.43%	-15.38%
Volatility (1Y) Calculated over the trailing 1-year period	2.81%	24.53%	-21.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.29%	22.01%	-18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	22.01%	-17.01%