L.TO vs. FINN.NEO
L.TO (Loblaw Companies Limited) is a stock, while FINN.NEO (Fidelity Global Innovators ETF) is Global Equities fund actively managed by Fidelity. Over the past 3 years, L.TO returned 34.31%/yr vs 42.03%/yr for FINN.NEO. At a 0.02 correlation, their price movements are largely independent.
Performance
L.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, L.TO achieves a 6.02% return, which is significantly lower than FINN.NEO's 36.16% return.
L.TO
- 1D
- -0.02%
- 1M
- 2.17%
- 6M
- 5.27%
- YTD
- 6.02%
- 1Y
- 19.74%
- 3Y*
- 34.31%
- 5Y*
- 32.79%
- 10Y*
- 26.53%
- ALL TIME*
- 21.12%
FINN.NEO
- 1D
- 0.29%
- 1M
- -6.23%
- 6M
- 27.49%
- YTD
- 36.16%
- 1Y
- 50.26%
- 3Y*
- 42.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.79%
L.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
L.TO Loblaw Companies Limited | 6.02% | 34.69% | 54.55% | 10.37% |
FINN.NEO Fidelity Global Innovators ETF | 36.16% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between L.TO and FINN.NEO is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.02 |
The correlation between L.TO and FINN.NEO shifts across timeframes, from -0.23 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
L.TO vs. FINN.NEO — Risk / Return Rank
L.TO
FINN.NEO
L.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loblaw Companies Limited (L.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.
| L.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 4.23 | -2.87 |
| Martin ratioReturn relative to average drawdown | 3.08 | 13.10 | -10.02 |
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Drawdowns
L.TO vs. FINN.NEO - Drawdown Comparison
The maximum L.TO drawdown since its inception was -44.67%, 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 L.TO and FINN.NEO.
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Drawdown Indicators
| L.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -25.66% | -19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -11.94% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -25.66% | +11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | — | — |
Current DrawdownCurrent decline from peak | -5.02% | -6.23% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -3.98% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 3.85% | +2.58% |
Volatility
L.TO vs. FINN.NEO - Volatility Comparison
Loblaw Companies Limited (L.TO) has a higher volatility of 6.33% compared to Fidelity Global Innovators ETF (FINN.NEO) at 5.87%. This indicates that L.TO's price experiences larger fluctuations and is considered to be riskier than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 5.87% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 20.23% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.44% | 24.78% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 22.38% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.46% | 22.38% | -1.92% |
Dividends
L.TO vs. FINN.NEO - Dividend Comparison
L.TO's dividend yield for the trailing twelve months is around 0.88%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
L.TO Loblaw Companies Limited | 0.88% | 2.19% | 4.20% | 5.43% | 5.28% | 5.40% | 8.15% | 7.40% | 6.45% | 7.84% | 7.27% | 7.61% |
Frequently Asked Questions
L.TO and FINN.NEO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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