H.TO vs. FINN.NEO

Last updated Jul 14, 2026

H.TO (Hydro One Limited) is a stock, while FINN.NEO (Fidelity Global Innovators ETF) is Global Equities fund actively managed by Fidelity. Over the past 3 years, H.TO returned 18.87%/yr vs 42.29%/yr for FINN.NEO. At a correlation of -0.04, they often move in opposite directions.

Performance

H.TO vs. FINN.NEO - Performance Comparison

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

Returns By Period

In the year-to-date period, H.TO achieves a 8.91% return, which is significantly lower than FINN.NEO's 38.89% return.

H.TO

• 1D: 0.39%
• 1M: 3.72%
• 6M: 10.67%
• YTD: 8.91%
• 1Y: 22.64%
• 3Y*: 18.87%
• 5Y*: 17.44%
• 10Y*: 12.46%

FINN.NEO

• 1D: -2.02%
• 1M: 5.93%
• 6M: 31.27%
• YTD: 38.89%
• 1Y: 59.81%
• 3Y*: 42.29%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
H.TO Hydro One Limited	8.91%	26.73%	14.75%	4.77%
FINN.NEO Fidelity Global Innovators ETF	38.89%	20.61%	58.65%	21.40%

Correlation

The correlation between H.TO and FINN.NEO is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.32
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since May 19, 2023	-0.04

Over the past year, the inverse relationship between H.TO and FINN.NEO has strengthened: their correlation has moved from -0.04 to -0.32, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

H.TO vs. FINN.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H.TO

H.TO Risk / Return Rank: 86
H.TO Sharpe Ratio Rank: 89
H.TO Sortino Ratio Rank: 85
H.TO Omega Ratio Rank: 84
H.TO Calmar Ratio Rank: 87
H.TO Martin Ratio Rank: 87

FINN.NEO

FINN.NEO Risk / Return Rank: 89
FINN.NEO Sharpe Ratio Rank: 91
FINN.NEO Sortino Ratio Rank: 87
FINN.NEO Omega Ratio Rank: 87
FINN.NEO Calmar Ratio Rank: 93
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.

H.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hydro One Limited (H.TO) and Fidelity Global Innovators ETF (FINN.NEO). 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.

	H.TO	FINN.NEO	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.44	-0.72
Sortino ratio: Return per unit of downside risk	2.36	3.12	-0.76
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	2.98	5.03	-2.05
Martin ratio: Return relative to average drawdown	8.01	15.86	-7.85

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

The current H.TO Sharpe Ratio is 1.72, which is comparable to the FINN.NEO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of H.TO and FINN.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

H.TO vs. FINN.NEO - Drawdown Comparison

The maximum H.TO drawdown since its inception was -27.68%, which is greater than FINN.NEO's maximum drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for H.TO and FINN.NEO.

Drawdown Indicators

	H.TO	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-25.66%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-11.94%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-25.66%	+12.89%
Max Drawdown (5Y) Largest decline over 5 years	-17.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.68%	—	—
Current Drawdown Current decline from peak	-1.66%	-4.34%	+2.68%
Average Drawdown Average peak-to-trough decline	-6.05%	-3.98%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.78%	-0.94%

Volatility

H.TO vs. FINN.NEO - Volatility Comparison

The current volatility for Hydro One Limited (H.TO) is 4.28%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 10.25%. This indicates that H.TO experiences smaller price fluctuations and is considered to be less risky than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H.TO	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	10.25%	-5.97%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	20.07%	-9.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	24.67%	-11.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	22.39%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	22.39%	-6.38%

Dividends

H.TO vs. FINN.NEO - Dividend Comparison

H.TO's dividend yield for the trailing twelve months is around 2.30%, while FINN.NEO has not paid dividends to shareholders.

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%
H.TO Hydro One Limited	2.30%	2.40%	2.80%	2.94%	3.05%	3.20%	3.50%	3.81%	4.49%	3.88%	4.11%

Frequently Asked Questions

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

H.TO and FINN.NEO have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.