FINN.NEO vs. DRFG.TO
FINN.NEO (Fidelity Global Innovators ETF) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, FINN.NEO returned 40.06%/yr vs 23.18%/yr for DRFG.TO. At a 0.45 correlation, their price movements are largely independent.
Performance
FINN.NEO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FINN.NEO achieves a 35.77% return, which is significantly higher than DRFG.TO's 13.90% return.
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
FINN.NEO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 6.91% |
Correlation
The correlation between FINN.NEO and DRFG.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.45 |
The correlation between FINN.NEO and DRFG.TO shifts across timeframes, from 0.45 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FINN.NEO vs. DRFG.TO — Risk / Return Rank
FINN.NEO
DRFG.TO
FINN.NEO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO). 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.
| FINN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 3.48 | +0.68 |
| Martin ratioReturn relative to average drawdown | 12.96 | 13.73 | -0.76 |
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Drawdowns
FINN.NEO vs. DRFG.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and DRFG.TO.
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Drawdown Indicators
| FINN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -27.73% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -8.40% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -16.44% | -9.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.09% | — |
Current DrawdownCurrent decline from peak | -6.49% | -2.91% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -4.62% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.13% | +1.70% |
Volatility
FINN.NEO vs. DRFG.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.48% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINN.NEO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 3.31% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 10.85% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 12.99% | +11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 12.73% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.40% | 14.24% | +8.16% |
Dividends
FINN.NEO vs. DRFG.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while DRFG.TO's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FINN.NEO and DRFG.TO have a correlation of 0.62, 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: Fidelity and Desjardins.
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