FINN.NEO vs. XMY.TO
FINN.NEO (Fidelity Global Innovators ETF) and XMY.TO (iShares MSCI Min Vol Global Index ETF (CAD-Hedged)) are both Global Equities funds. FINN.NEO is actively managed, while XMY.TO is passively managed. Over the past 3 years, FINN.NEO returned 40.06%/yr vs 9.55%/yr for XMY.TO. At a 0.09 correlation, their price movements are largely independent. FINN.NEO charges 1.09%/yr vs 0.49%/yr for XMY.TO.
Performance
FINN.NEO vs. XMY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FINN.NEO achieves a 35.77% return, which is significantly higher than XMY.TO's 3.07% return.
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
XMY.TO
- 1D
- 0.71%
- 1M
- 0.96%
- 6M
- 2.98%
- YTD
- 3.07%
- 1Y
- 6.03%
- 3Y*
- 9.55%
- 5Y*
- 5.87%
- 10Y*
- 6.64%
FINN.NEO vs. XMY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
XMY.TO iShares MSCI Min Vol Global Index ETF (CAD-Hedged) | 3.07% | 9.22% | 13.48% | 2.82% |
Correlation
The correlation between FINN.NEO and XMY.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 | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.09 |
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Return for Risk
FINN.NEO vs. XMY.TO — Risk / Return Rank
FINN.NEO
XMY.TO
FINN.NEO vs. XMY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.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 | XMY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.14 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 0.90 | +3.27 |
| Martin ratioReturn relative to average drawdown | 12.96 | 2.94 | +10.02 |
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Drawdowns
FINN.NEO vs. XMY.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, smaller than the maximum XMY.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and XMY.TO.
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Drawdown Indicators
| FINN.NEO | XMY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -29.00% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -6.74% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -8.10% | -17.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.00% | — |
Current DrawdownCurrent decline from peak | -6.49% | -1.46% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -3.27% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.05% | +1.78% |
Volatility
FINN.NEO vs. XMY.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.48% compared to iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) at 2.76%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than XMY.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 | XMY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 2.76% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 8.98% | +11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 10.22% | +14.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 10.19% | +12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.40% | 11.51% | +10.89% |
FINN.NEO vs. XMY.TO - Expense Ratio Comparison
FINN.NEO has a 1.09% expense ratio, which is higher than XMY.TO's 0.49% expense ratio.
Dividends
FINN.NEO vs. XMY.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while XMY.TO's dividend yield for the trailing twelve months is around 1.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XMY.TO iShares MSCI Min Vol Global Index ETF (CAD-Hedged) | 1.73% | 1.90% | 1.91% | 1.90% | 1.71% | 1.40% | 1.37% | 2.16% | 1.45% | 1.57% | 2.07% |
Frequently Asked Questions
FINN.NEO and XMY.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, XMY.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMY.TO is cheaper with a 0.49% 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 0.49% for XMY.TO.
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