FINN.NEO vs. ZDIV.TO

Last updated Jun 4, 2026

FINN.NEO (Fidelity Global Innovators ETF) and ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) are both exchange-traded funds - FINN.NEO is a Technology Equities fund actively managed by Fidelity, while ZDIV.TO is a Dividend fund tracking the MSCI Canada IMI High Dividend Yield Select Index. FINN.NEO is actively managed, while ZDIV.TO is passively managed. At a 0.00 correlation, their price movements are largely independent. FINN.NEO charges 1.13%/yr vs 0.09%/yr for ZDIV.TO.

Performance

FINN.NEO vs. ZDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Innovators ETF (FINN.NEO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FINN.NEO

• 1D: -0.75%
• 1M: 13.10%
• YTD: 42.01%
• 6M: 41.28%
• 1Y: 74.64%
• 3Y*: 46.00%
• 5Y*: —
• 10Y*: —

ZDIV.TO

• 1D: -0.14%
• 1M: 2.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
FINN.NEO Fidelity Global Innovators ETF	38.38%
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	15.21%

Correlation

The correlation between FINN.NEO and ZDIV.TO is 0.00, 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 (All Time) Calculated using the full available price history since Feb 9, 2026	0.00

Return for Risk

FINN.NEO vs. ZDIV.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: 89
FINN.NEO Sharpe Ratio Rank: 92
FINN.NEO Sortino Ratio Rank: 88
FINN.NEO Omega Ratio Rank: 85
FINN.NEO Calmar Ratio Rank: 92
FINN.NEO Martin Ratio Rank: 90

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. ZDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.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.

	FINN.NEO	ZDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.36	—	—
Sortino ratio: Return per unit of downside risk	4.05	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	6.28	—	—
Martin ratio: Return relative to average drawdown	20.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FINN.NEO	ZDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.12	5.66	-3.54

Drawdowns

FINN.NEO vs. ZDIV.TO - Drawdown Comparison

The maximum FINN.NEO drawdown since its inception was -25.66%, which is greater than ZDIV.TO's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and ZDIV.TO.

Drawdown Indicators

	FINN.NEO	ZDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-2.60%	-23.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	—	—
Current Drawdown Current decline from peak	-0.75%	-1.02%	+0.27%
Average Drawdown Average peak-to-trough decline	-4.02%	-0.49%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	—	—

Volatility

Volatility by Period

	FINN.NEO	ZDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.38%	9.99%	+12.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.28%	9.99%	+12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.28%	9.99%	+12.29%

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

FINN.NEO has a 1.13% expense ratio, which is higher than ZDIV.TO's 0.09% expense ratio.

Dividends

FINN.NEO vs. ZDIV.TO - Dividend Comparison

FINN.NEO has not paid dividends to shareholders, while ZDIV.TO's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM
FINN.NEO Fidelity Global Innovators ETF	0.00%
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	0.90%

Frequently Asked Questions

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

FINN.NEO and ZDIV.TO have a correlation of 0.00, 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 ZDIV.TO?

On fees, ZDIV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ZDIV.TO is cheaper with a 0.09% expense ratio, compared with 1.13% for FINN.NEO.

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

FINN.NEO is categorized as Technology Equities, while ZDIV.TO is Dividend. They also come from different issuers: Fidelity and BMO. Their fees differ too: 1.13% for FINN.NEO and 0.09% for ZDIV.TO.