PNG.V vs. FINN.NEO

Last updated Jul 22, 2026

PNG.V (Kraken Robotics Inc) is a stock, while FINN.NEO (Fidelity Global Innovators ETF) is Global Equities fund actively managed by Fidelity. Over the past 3 years, PNG.V returned 139.55%/yr vs 42.65%/yr for FINN.NEO. At a 0.22 correlation, their price movements are largely independent.

Performance

PNG.V vs. FINN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Kraken Robotics Inc (PNG.V) 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, PNG.V achieves a -6.56% return, which is significantly lower than FINN.NEO's 37.97% return.

PNG.V

• 1D: 2.40%
• 1M: -21.32%
• 6M: -20.90%
• YTD: -6.56%
• 1Y: 56.54%
• 3Y*: 139.55%
• 5Y*: 65.61%
• 10Y*: 43.63%
• ALL TIME*: 30.36%

FINN.NEO

• 1D: 1.62%
• 1M: -4.98%
• 6M: 31.95%
• YTD: 37.97%
• 1Y: 51.97%
• 3Y*: 42.65%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.35%

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

PNG.V vs. FINN.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PNG.V Kraken Robotics Inc	-6.56%	132.73%	323.08%	22.64%
FINN.NEO Fidelity Global Innovators ETF	37.97%	20.61%	58.65%	21.40%

Correlation

The correlation between PNG.V and FINN.NEO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.22

The correlation between PNG.V and FINN.NEO shifts across timeframes, from 0.22 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PNG.V vs. FINN.NEO — Risk / Return Rank

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

PNG.V

PNG.V Risk / Return Rank: 71
PNG.V Sharpe Ratio Rank: 72
PNG.V Sortino Ratio Rank: 73
PNG.V Omega Ratio Rank: 68
PNG.V Calmar Ratio Rank: 71
PNG.V Martin Ratio Rank: 71

FINN.NEO

FINN.NEO Risk / Return Rank: 86
FINN.NEO Sharpe Ratio Rank: 86
FINN.NEO Sortino Ratio Rank: 81
FINN.NEO Omega Ratio Rank: 83
FINN.NEO Calmar Ratio Rank: 92
FINN.NEO Martin Ratio Rank: 87

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.

PNG.V vs. FINN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraken Robotics Inc (PNG.V) 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.

	PNG.V	FINN.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.11	-1.31
Sortino ratio: Return per unit of downside risk	1.60	2.77	-1.17
Omega ratio: Gain probability vs. loss probability	1.18	1.37	-0.19
Calmar ratio: Return relative to maximum drawdown	1.32	4.37	-3.05
Martin ratio: Return relative to average drawdown	2.98	13.50	-10.51

PNG.V vs. FINN.NEO - Sharpe Ratio Comparison

The current PNG.V Sharpe Ratio is 0.80, which is lower than the FINN.NEO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PNG.V 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

PNG.V vs. FINN.NEO - Drawdown Comparison

The maximum PNG.V drawdown since its inception was -83.33%, 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 PNG.V and FINN.NEO.

Drawdown Indicators

	PNG.V	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-83.33%	-25.66%	-57.67%
Max Drawdown (1Y) Largest decline over 1 year	-42.91%	-11.94%	-30.97%
Max Drawdown (3Y) Largest decline over 3 years	-42.91%	-25.66%	-17.25%
Max Drawdown (5Y) Largest decline over 5 years	-46.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.21%	—	—
Current Drawdown Current decline from peak	-41.54%	-4.98%	-36.56%
Average Drawdown Average peak-to-trough decline	-38.63%	-3.98%	-34.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.04%	3.86%	+15.18%

Volatility

PNG.V vs. FINN.NEO - Volatility Comparison

Kraken Robotics Inc (PNG.V) has a higher volatility of 18.66% compared to Fidelity Global Innovators ETF (FINN.NEO) at 6.05%. This indicates that PNG.V'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.

Volatility by Period

	PNG.V	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.66%	6.05%	+12.61%
Volatility (6M) Calculated over the trailing 6-month period	51.29%	20.15%	+31.14%
Volatility (1Y) Calculated over the trailing 1-year period	71.24%	24.78%	+46.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.64%	22.38%	+36.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.04%	22.38%	+46.66%

Dividends

PNG.V vs. FINN.NEO - Dividend Comparison

Neither PNG.V nor FINN.NEO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PNG.V and FINN.NEO in my portfolio?

PNG.V and FINN.NEO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.