FINN.NEO vs. XDGH.TO
FINN.NEO (Fidelity Global Innovators ETF) and XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) are both Global Equities funds. FINN.NEO is actively managed, while XDGH.TO is passively managed. Over the past 3 years, FINN.NEO returned 43.00%/yr vs 13.30%/yr for XDGH.TO. At a 0.19 correlation, their price movements are largely independent. FINN.NEO charges 1.09%/yr vs 0.22%/yr for XDGH.TO.
Performance
FINN.NEO vs. XDGH.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 XDGH.TO's 10.14% return.
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
XDGH.TO
- 1D
- -0.09%
- 1M
- 1.09%
- 6M
- 6.61%
- YTD
- 10.14%
- 1Y
- 19.60%
- 3Y*
- 13.30%
- 5Y*
- 8.97%
- 10Y*
- —
FINN.NEO vs. XDGH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 10.14% | 14.60% | 10.49% | 6.38% |
Correlation
The correlation between FINN.NEO and XDGH.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.19 |
The correlation between FINN.NEO and XDGH.TO shifts across timeframes, from 0.08 (1 year) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FINN.NEO vs. XDGH.TO — Risk / Return Rank
FINN.NEO
XDGH.TO
FINN.NEO vs. XDGH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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 | XDGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 3.09 | +1.85 |
| Martin ratioReturn relative to average drawdown | 15.51 | 9.14 | +6.37 |
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Drawdowns
FINN.NEO vs. XDGH.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum XDGH.TO drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and XDGH.TO.
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Drawdown Indicators
| FINN.NEO | XDGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -34.91% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -6.38% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -11.96% | -13.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.06% | — |
Current DrawdownCurrent decline from peak | -2.91% | -2.42% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.62% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.15% | +1.64% |
Volatility
FINN.NEO vs. XDGH.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.08% compared to iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) at 3.74%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than XDGH.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 | XDGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 3.74% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 7.41% | +12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 9.81% | +14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 14.45% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 23.36% | -0.99% |
FINN.NEO vs. XDGH.TO - Expense Ratio Comparison
FINN.NEO has a 1.09% expense ratio, which is higher than XDGH.TO's 0.22% expense ratio.
Dividends
FINN.NEO vs. XDGH.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while XDGH.TO's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.76% | 2.81% | 3.04% | 3.41% | 3.20% | 3.13% | 3.35% | 2.92% | 3.40% | 1.27% |
Frequently Asked Questions
FINN.NEO and XDGH.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDGH.TO is cheaper with a 0.22% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 1.09% for FINN.NEO and 0.22% for XDGH.TO.
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