FINN.NEO vs. HXQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Global Innovators ETF (FINN.NEO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).

FINN.NEO and HXQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FINN.NEO is an actively managed fund by Fidelity. It was launched on May 19, 2023. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016.

Performance

FINN.NEO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Innovators ETF (FINN.NEO) and Horizons NASDAQ-100 Index ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

FINN.NEO vs. HXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FINN.NEO Fidelity Global Innovators ETF	3.53%	20.61%	58.65%	17.86%
HXQ.TO Horizons NASDAQ-100 Index ETF	-3.77%	15.05%	35.98%	17.72%

Returns By Period

In the year-to-date period, FINN.NEO achieves a 3.53% return, which is significantly higher than HXQ.TO's -3.77% return.

FINN.NEO

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

HXQ.TO

• 1D: 0.98%
• 1M: -2.40%
• YTD: -3.77%
• 6M: -3.50%
• 1Y: 20.15%
• 3Y*: 23.70%
• 5Y*: 15.26%
• 10Y*: —

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

FINN.NEO vs. HXQ.TO - Expense Ratio Comparison

FINN.NEO has a 1.13% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

FINN.NEO

Fidelity Global Innovators ETF

HXQ.TO

Horizons NASDAQ-100 Index ETF

Return for Risk

FINN.NEO vs. HXQ.TO — Risk / Return Rank

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

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

HXQ.TO

HXQ.TO Risk / Return Rank: 51
HXQ.TO Sharpe Ratio Rank: 47
HXQ.TO Sortino Ratio Rank: 49
HXQ.TO Omega Ratio Rank: 51
HXQ.TO Calmar Ratio Rank: 59
HXQ.TO Martin Ratio Rank: 47

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.

FINN.NEO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Horizons NASDAQ-100 Index ETF (HXQ.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.

	FINN.NEO	HXQ.TO	Difference
Sharpe ratio Return per unit of total volatility	1.54	0.90	+0.64
Sortino ratio Return per unit of downside risk	2.11	1.38	+0.73
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	2.95	1.57	+1.38
Martin ratio Return relative to average drawdown	9.28	4.66	+4.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FINN.NEO vs. HXQ.TO - Sharpe Ratio Comparison

The current FINN.NEO Sharpe Ratio is 1.54, which is higher than the HXQ.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FINN.NEO and HXQ.TO, 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

	FINN.NEO	HXQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.90	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.95	+0.63

Correlation

The correlation between FINN.NEO and HXQ.TO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FINN.NEO vs. HXQ.TO - Dividend Comparison

Neither FINN.NEO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FINN.NEO vs. HXQ.TO - Drawdown Comparison

The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and HXQ.TO.

Drawdown Indicators

	FINN.NEO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-31.60%	+5.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-12.97%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.60%	—
Current Drawdown Current decline from peak	-4.90%	-8.56%	+3.66%
Average Drawdown Average peak-to-trough decline	-4.21%	-5.82%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.36%	-0.21%

Volatility

FINN.NEO vs. HXQ.TO - Volatility Comparison

Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 9.76% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 6.43%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FINN.NEO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	6.43%	+3.33%
Volatility (6M) Calculated over the trailing 6-month period	17.43%	12.63%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	22.48%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	20.78%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	20.84%	+1.17%