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FINN.NEO vs. VVL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FINN.NEO vs. VVL.TO

Last updated Jul 16, 2026
Documentation

FINN.NEO (Fidelity Global Innovators ETF) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. Both are actively managed. Over the past 3 years, FINN.NEO returned 43.00%/yr vs 20.45%/yr for VVL.TO. At a 0.39 correlation, their price movements are largely independent. FINN.NEO charges 1.09%/yr vs 0.38%/yr for VVL.TO.

Performance

FINN.NEO vs. VVL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Innovators ETF (FINN.NEO) and Vanguard Global Value Factor ETF CAD (VVL.TO). The values are adjusted to include any dividend payments, if applicable.

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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 VVL.TO's 16.79% return.

FINN.NEO

1D
0.74%
1M
-0.97%
6M
33.95%
YTD
40.98%
1Y
58.67%
3Y*
43.00%
5Y*
—
10Y*
—

VVL.TO

1D
0.49%
1M
2.72%
6M
11.18%
YTD
16.79%
1Y
30.97%
3Y*
20.45%
5Y*
15.00%
10Y*
12.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
FINN.NEO
Fidelity Global Innovators ETF		40.98%20.61%58.65%21.40%
VVL.TO
Vanguard Global Value Factor ETF CAD		16.79%18.01%15.01%15.55%

Correlation

The correlation between FINN.NEO and VVL.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (All Time)
Calculated using the full available price history since May 19, 2023

0.39

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Global Innovators ETF

Vanguard Global Value Factor ETF CAD

Often compared with FINN.NEO:
FINN.NEO vs. TEC.TOFINN.NEO vs. XEQT.TOFINN.NEO vs. VFV.TOFINN.NEO vs. QQC.TOFINN.NEO vs. TECI.TOFINN.NEO vs. FCUV.TOFINN.NEO vs. QQCC.TO
Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO

Return for Risk

FINN.NEO vs. VVL.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: 8989
Overall Rank
FINN.NEO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FINN.NEO Sortino Ratio Rank: 8686
Sortino Ratio Rank
FINN.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
FINN.NEO Calmar Ratio Rank: 9393
Calmar Ratio Rank
FINN.NEO Martin Ratio Rank: 8989
Martin Ratio Rank
VVL.TO
VVL.TO Risk / Return Rank: 8686
Overall Rank
VVL.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 8585
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8686
Martin Ratio Rank
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. VVL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and Vanguard Global Value Factor ETF CAD (VVL.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.NEOVVL.TODifference
Sharpe ratioReturn per unit of total volatility
2.40
2.26

+0.14

Sortino ratioReturn per unit of downside risk
3.07
3.27

-0.20

Omega ratioGain probability vs. loss probability

1.42

1.41

+0.01

Calmar ratioReturn relative to maximum drawdown

4.94

3.52

+1.42

Martin ratioReturn relative to average drawdown

15.51

13.89

+1.62

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

The current FINN.NEO Sharpe Ratio is 2.40, which is comparable to the VVL.TO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FINN.NEO and VVL.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.

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Drawdowns

FINN.NEO vs. VVL.TO - Drawdown Comparison

The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and VVL.TO.

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Drawdown Indicators

FINN.NEOVVL.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.66%

-43.88%

+18.22%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-8.83%

-3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-18.07%

-7.59%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.07%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.88%

—

Current Drawdown

Current decline from peak

-2.91%

-0.39%

-2.52%

Average Drawdown

Average peak-to-trough decline

-3.97%

-5.73%

+1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

2.24%

+1.55%

Volatility

FINN.NEO vs. VVL.TO - Volatility Comparison

Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.08% compared to Vanguard Global Value Factor ETF CAD (VVL.TO) at 2.98%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than VVL.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.NEOVVL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.08%

2.98%

+3.10%

Volatility (6M)

Calculated over the trailing 6-month period

20.03%

9.48%

+10.55%

Volatility (1Y)

Calculated over the trailing 1-year period

24.62%

13.87%

+10.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.37%

16.08%

+6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.37%

18.77%

+3.60%

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

FINN.NEO has a 1.09% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.

Dividends

FINN.NEO vs. VVL.TO - Dividend Comparison

FINN.NEO has not paid dividends to shareholders, while VVL.TO's dividend yield for the trailing twelve months is around 1.62%.

PositionTTM2025202420232022202120202019201820172016
FINN.NEO
Fidelity Global Innovators ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VVL.TO
Vanguard Global Value Factor ETF CAD		1.62%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%

Frequently Asked Questions

FINN.NEO and VVL.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VVL.TO is cheaper with a 0.38% expense ratio, compared with 1.09% for FINN.NEO.

They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 1.09% for FINN.NEO and 0.38% for VVL.TO.

Portfolio Optimizer

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