FINN.NEO vs. FCSB.NEO
FINN.NEO (Fidelity Global Innovators ETF) and FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) are both exchange-traded funds - FINN.NEO is a Technology Equities fund actively managed by Fidelity, while FCSB.NEO is a Corporate Bonds fund tracking the FTSE Canada Short Term Corporate Bond 5% Capped Index. FINN.NEO is actively managed, while FCSB.NEO is passively managed. Over the past 3 years, FINN.NEO returned 45.50%/yr vs 6.25%/yr for FCSB.NEO. At a 0.07 correlation, their price movements are largely independent. FINN.NEO charges 1.13%/yr vs 0.44%/yr for FCSB.NEO.
Performance
FINN.NEO vs. FCSB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FINN.NEO achieves a 38.96% return, which is significantly higher than FCSB.NEO's 1.76% return.
FINN.NEO
- 1D
- -0.43%
- 1M
- 0.12%
- YTD
- 38.96%
- 6M
- 36.95%
- 1Y
- 64.44%
- 3Y*
- 45.50%
- 5Y*
- —
- 10Y*
- —
FCSB.NEO
- 1D
- 0.43%
- 1M
- 0.80%
- YTD
- 1.76%
- 6M
- 1.51%
- 1Y
- 3.84%
- 3Y*
- 6.25%
- 5Y*
- 3.01%
- 10Y*
- —
FINN.NEO vs. FCSB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 38.96% | 20.61% | 58.65% | 21.40% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.76% | 4.15% | 7.55% | 4.70% |
Correlation
The correlation between FINN.NEO and FCSB.NEO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.07 |
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Return for Risk
FINN.NEO vs. FCSB.NEO — Risk / Return Rank
FINN.NEO
FCSB.NEO
FINN.NEO vs. FCSB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.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.
| FINN.NEO | FCSB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.26 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.42 | 2.44 | +2.98 |
| Martin ratioReturn relative to average drawdown | 17.37 | 8.98 | +8.39 |
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Drawdowns
FINN.NEO vs. FCSB.NEO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, which is greater than FCSB.NEO's maximum drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and FCSB.NEO.
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Drawdown Indicators
| FINN.NEO | FCSB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -12.48% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -1.58% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -1.58% | -24.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.44% | — |
Current DrawdownCurrent decline from peak | -4.30% | 0.00% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -1.49% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 0.43% | +3.29% |
Volatility
FINN.NEO vs. FCSB.NEO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 11.88% compared to Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) at 0.77%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than FCSB.NEO 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 | FCSB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.88% | 0.77% | +11.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 2.10% | +17.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.47% | 2.73% | +21.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 3.31% | +19.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 4.94% | +17.53% |
FINN.NEO vs. FCSB.NEO - Expense Ratio Comparison
FINN.NEO has a 1.13% expense ratio, which is higher than FCSB.NEO's 0.44% expense ratio.
Dividends
FINN.NEO vs. FCSB.NEO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while FCSB.NEO's dividend yield for the trailing twelve months is around 3.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.77% | 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% |
Frequently Asked Questions
FINN.NEO and FCSB.NEO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCSB.NEO is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCSB.NEO is cheaper with a 0.44% expense ratio, compared with 1.13% for FINN.NEO.
FINN.NEO is categorized as Technology Equities, while FCSB.NEO is Corporate Bonds. Their fees differ too: 1.13% for FINN.NEO and 0.44% for FCSB.NEO.
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