FINN.NEO vs. TEQT.TO
FINN.NEO (Fidelity Global Innovators ETF) and TEQT.TO (TD All-Equity ETF Portfolio) are both Global Equities funds. FINN.NEO is actively managed, while TEQT.TO is passively managed. Over the past year, FINN.NEO returned 58.67% vs 27.68% for TEQT.TO. A 0.74 correlation means they provide meaningful diversification when combined. FINN.NEO charges 1.09%/yr vs 0.17%/yr for TEQT.TO.
Performance
FINN.NEO vs. TEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FINN.NEO achieves a 40.98% return, which is significantly higher than TEQT.TO's 13.62% return.
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
TEQT.TO
- 1D
- 0.18%
- 1M
- 0.74%
- 6M
- 10.11%
- YTD
- 13.62%
- 1Y
- 27.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FINN.NEO vs. TEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 42.78% |
TEQT.TO TD All-Equity ETF Portfolio | 13.62% | 27.28% |
Correlation
The correlation between FINN.NEO and TEQT.TO is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.74 |
The correlation between FINN.NEO and TEQT.TO has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
FINN.NEO vs. TEQT.TO — Risk / Return Rank
FINN.NEO
TEQT.TO
FINN.NEO vs. TEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and TD All-Equity ETF Portfolio (TEQT.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 | TEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 3.65 | +1.29 |
| Martin ratioReturn relative to average drawdown | 15.51 | 14.58 | +0.92 |
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Drawdowns
FINN.NEO vs. TEQT.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and TEQT.TO.
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Drawdown Indicators
| FINN.NEO | TEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -7.62% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -7.62% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -1.52% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -1.00% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 1.90% | +1.89% |
Volatility
FINN.NEO vs. TEQT.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.08% compared to TD All-Equity ETF Portfolio (TEQT.TO) at 3.08%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than TEQT.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 | TEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 3.08% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 9.61% | +10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 11.84% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 12.32% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 12.32% | +10.05% |
FINN.NEO vs. TEQT.TO - Expense Ratio Comparison
FINN.NEO has a 1.09% expense ratio, which is higher than TEQT.TO's 0.17% expense ratio.
Dividends
FINN.NEO vs. TEQT.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while TEQT.TO's dividend yield for the trailing twelve months is around 1.25%.
| Position | TTM | 2025 |
|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% |
TEQT.TO TD All-Equity ETF Portfolio | 1.25% | 1.14% |
Frequently Asked Questions
FINN.NEO and TEQT.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEQT.TO is cheaper with a 0.17% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Fidelity and TD. Their fees differ too: 1.09% for FINN.NEO and 0.17% for TEQT.TO.
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