FINN.NEO vs. ZEQT.TO
FINN.NEO (Fidelity Global Innovators ETF) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, FINN.NEO returned 43.00%/yr vs 24.86%/yr for ZEQT.TO. A 0.71 correlation means they provide meaningful diversification when combined. FINN.NEO charges 1.09%/yr vs 0.18%/yr for ZEQT.TO.
Performance
FINN.NEO vs. ZEQT.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 ZEQT.TO's 14.44% return.
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
ZEQT.TO
- 1D
- 0.22%
- 1M
- 0.11%
- 6M
- 10.44%
- YTD
- 14.44%
- 1Y
- 28.79%
- 3Y*
- 24.86%
- 5Y*
- —
- 10Y*
- —
FINN.NEO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
ZEQT.TO BMO All-Equity ETF | 14.44% | 21.71% | 30.06% | 12.85% |
Correlation
The correlation between FINN.NEO and ZEQT.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.71 |
The correlation between FINN.NEO and ZEQT.TO has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
FINN.NEO vs. ZEQT.TO — Risk / Return Rank
FINN.NEO
ZEQT.TO
FINN.NEO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) and BMO All-Equity ETF (ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 3.32 | +1.62 |
| Martin ratioReturn relative to average drawdown | 15.51 | 13.57 | +1.94 |
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Drawdowns
FINN.NEO vs. ZEQT.TO - Drawdown Comparison
The maximum FINN.NEO drawdown since its inception was -25.66%, which is greater than ZEQT.TO's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and ZEQT.TO.
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Drawdown Indicators
| FINN.NEO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -15.18% | -10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -8.72% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -14.62% | -11.04% |
Current DrawdownCurrent decline from peak | -2.91% | -1.19% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -2.55% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.13% | +1.66% |
Volatility
FINN.NEO vs. ZEQT.TO - Volatility Comparison
Fidelity Global Innovators ETF (FINN.NEO) has a higher volatility of 6.08% compared to BMO All-Equity ETF (ZEQT.TO) at 2.89%. This indicates that FINN.NEO's price experiences larger fluctuations and is considered to be riskier than ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 2.89% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 11.16% | +8.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 13.42% | +11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 13.47% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 13.47% | +8.90% |
FINN.NEO vs. ZEQT.TO - Expense Ratio Comparison
FINN.NEO has a 1.09% expense ratio, which is higher than ZEQT.TO's 0.18% expense ratio.
Dividends
FINN.NEO vs. ZEQT.TO - Dividend Comparison
FINN.NEO has not paid dividends to shareholders, while ZEQT.TO's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 2.89% | 5.08% | 6.40% | 7.31% |
Frequently Asked Questions
FINN.NEO and ZEQT.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZEQT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Fidelity and BMO. Their fees differ too: 1.09% for FINN.NEO and 0.18% for ZEQT.TO.
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