MIVG.TO vs. FINN.NEO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, MIVG.TO returned 13.54%/yr vs 43.00%/yr for FINN.NEO. At a 0.21 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly lower than FINN.NEO's 40.98% return.
MIVG.TO
- 1D
- 0.52%
- 1M
- 2.75%
- 6M
- 1.92%
- YTD
- 4.03%
- 1Y
- 9.96%
- 3Y*
- 13.54%
- 5Y*
- 8.69%
- 10Y*
- —
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
MIVG.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 4.03% | 9.98% | 23.80% | 3.82% |
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between MIVG.TO and FINN.NEO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.21 |
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Return for Risk
MIVG.TO vs. FINN.NEO — Risk / Return Rank
MIVG.TO
FINN.NEO
MIVG.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.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.
| MIVG.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 4.94 | -4.13 |
| Martin ratioReturn relative to average drawdown | 2.31 | 15.51 | -13.20 |
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Drawdowns
MIVG.TO vs. FINN.NEO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and FINN.NEO.
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Drawdown Indicators
| MIVG.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -25.66% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -11.94% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -25.66% | +13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.91% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.97% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.79% | -0.08% |
Volatility
MIVG.TO vs. FINN.NEO - Volatility Comparison
The current volatility for Mackenzie Ivy Global Equity ETF (MIVG.TO) is 4.64%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.08%. This indicates that MIVG.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.
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Volatility by Period
| MIVG.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 6.08% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 20.03% | -10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 24.62% | -12.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 22.37% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 22.37% | -8.95% |
Dividends
MIVG.TO vs. FINN.NEO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.63% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% |
Frequently Asked Questions
MIVG.TO and FINN.NEO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and Fidelity.
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