FINN.NEO vs. UMAX.TO

Last updated Jun 25, 2026

FINN.NEO (Fidelity Global Innovators ETF) and UMAX.TO (Hamilton Utilities YIELD MAXIMIZER ETF) are both exchange-traded funds - FINN.NEO is a Technology Equities fund actively managed by Fidelity, while UMAX.TO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. Over the past 3 years, FINN.NEO returned 45.50%/yr vs 9.29%/yr for UMAX.TO. At a 0.07 correlation, their price movements are largely independent. FINN.NEO charges 1.13%/yr vs 0.65%/yr for UMAX.TO.

Performance

FINN.NEO vs. UMAX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Innovators ETF (FINN.NEO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FINN.NEO achieves a 38.96% return, which is significantly higher than UMAX.TO's 9.99% return.

FINN.NEO

• 1D: -0.43%
• 1M: 0.12%
• YTD: 38.96%
• 6M: 36.95%
• 1Y: 64.44%
• 3Y*: 45.50%
• 5Y*: —
• 10Y*: —

UMAX.TO

• 1D: 0.15%
• 1M: 0.59%
• YTD: 9.99%
• 6M: 10.80%
• 1Y: 16.01%
• 3Y*: 9.29%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
FINN.NEO Fidelity Global Innovators ETF	38.96%	20.61%	58.65%	13.04%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	9.99%	9.90%	5.99%	0.18%

Correlation

The correlation between FINN.NEO and UMAX.TO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	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 Jun 15, 2023	0.07

The correlation between FINN.NEO and UMAX.TO shifts across timeframes, from -0.14 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FINN.NEO vs. UMAX.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: 88
FINN.NEO Sharpe Ratio Rank: 89
FINN.NEO Sortino Ratio Rank: 84
FINN.NEO Omega Ratio Rank: 85
FINN.NEO Calmar Ratio Rank: 92
FINN.NEO Martin Ratio Rank: 88

UMAX.TO

UMAX.TO Risk / Return Rank: 78
UMAX.TO Sharpe Ratio Rank: 82
UMAX.TO Sortino Ratio Rank: 89
UMAX.TO Omega Ratio Rank: 82
UMAX.TO Calmar Ratio Rank: 70
UMAX.TO Martin Ratio Rank: 66

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. UMAX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.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	UMAX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.34	+0.31
Sortino ratio: Return per unit of downside risk	3.34	3.61	-0.27
Omega ratio: Gain probability vs. loss probability	1.46	1.44	+0.02
Calmar ratio: Return relative to maximum drawdown	5.42	3.15	+2.28
Martin ratio: Return relative to average drawdown	17.37	10.93	+6.44

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

The current FINN.NEO Sharpe Ratio is 2.65, which is comparable to the UMAX.TO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FINN.NEO and UMAX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FINN.NEO vs. UMAX.TO - Drawdown Comparison

The maximum FINN.NEO drawdown since its inception was -25.66%, which is greater than UMAX.TO's maximum drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and UMAX.TO.

Drawdown Indicators

	FINN.NEO	UMAX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-10.09%	-15.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-5.11%	-6.83%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	-10.09%	-15.57%
Current Drawdown Current decline from peak	-4.30%	-0.22%	-4.08%
Average Drawdown Average peak-to-trough decline	-3.99%	-2.03%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	1.47%	+2.25%

Volatility

FINN.NEO vs. UMAX.TO - Volatility Comparison

Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 11.88% compared to Hamilton Utilities YIELD MAXIMIZER ETF (UMAX.TO) at 2.44%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than UMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FINN.NEO	UMAX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.88%	2.44%	+9.44%
Volatility (6M) Calculated over the trailing 6-month period	19.96%	5.68%	+14.28%
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	6.87%	+17.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.47%	8.70%	+13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.47%	8.70%	+13.77%

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

FINN.NEO has a 1.13% expense ratio, which is higher than UMAX.TO's 0.65% expense ratio.

Dividends

FINN.NEO vs. UMAX.TO - Dividend Comparison

FINN.NEO has not paid dividends to shareholders, while UMAX.TO's dividend yield for the trailing twelve months is around 13.84%.

Position	TTM	2025	2024	2023
FINN.NEO Fidelity Global Innovators ETF	0.00%	0.00%	0.00%	0.00%
UMAX.TO Hamilton Utilities YIELD MAXIMIZER ETF	13.84%	14.85%	14.78%	6.96%

Frequently Asked Questions

Can I hold both FINN.NEO and UMAX.TO in my portfolio?

FINN.NEO and UMAX.TO 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.

Which ETF is better, FINN.NEO or UMAX.TO?

On fees, UMAX.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FINN.NEO or UMAX.TO?

UMAX.TO is cheaper with a 0.65% expense ratio, compared with 1.13% for FINN.NEO.

What is the main difference between FINN.NEO and UMAX.TO?

FINN.NEO is categorized as Technology Equities, while UMAX.TO is Derivative Income. They also come from different issuers: Fidelity and Hamilton Capital. Their fees differ too: 1.13% for FINN.NEO and 0.65% for UMAX.TO.