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VVL.TO vs. FINN.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVL.TO vs. FINN.NEO

Last updated Jul 12, 2026
Documentation

VVL.TO (Vanguard Global Value Factor ETF CAD) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, VVL.TO returned 20.66%/yr vs 45.01%/yr for FINN.NEO. At a 0.39 correlation, their price movements are largely independent. VVL.TO charges 0.38%/yr vs 1.09%/yr for FINN.NEO.

Performance

VVL.TO vs. FINN.NEO - Performance Comparison

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

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Returns By Period

In the year-to-date period, VVL.TO achieves a 16.75% return, which is significantly lower than FINN.NEO's 41.76% return.

VVL.TO

1D
0.43%
1M
3.63%
6M
11.20%
YTD
16.75%
1Y
28.88%
3Y*
20.66%
5Y*
14.63%
10Y*
12.23%

FINN.NEO

1D
-0.12%
1M
8.11%
6M
34.68%
YTD
41.76%
1Y
63.10%
3Y*
45.01%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
VVL.TO
Vanguard Global Value Factor ETF CAD		16.75%18.01%15.01%15.55%
FINN.NEO
Fidelity Global Innovators ETF		41.76%20.61%58.65%21.40%

Correlation

The correlation between VVL.TO and FINN.NEO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (All Time)
Calculated using the full available price history since May 19, 2023

0.39

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Global Value Factor ETF CAD

Fidelity Global Innovators ETF

Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO
Often compared with FINN.NEO:
FINN.NEO vs. TEC.TOFINN.NEO vs. XEQT.TOFINN.NEO vs. VFV.TOFINN.NEO vs. QQC.TOFINN.NEO vs. TECI.TOFINN.NEO vs. FCUV.TOFINN.NEO vs. QQCC.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVL.TO
VVL.TO Risk / Return Rank: 8080
Overall Rank
VVL.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 7878
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8181
Martin Ratio Rank
FINN.NEO
FINN.NEO Risk / Return Rank: 9191
Overall Rank
FINN.NEO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FINN.NEO Sortino Ratio Rank: 8989
Sortino Ratio Rank
FINN.NEO Omega Ratio Rank: 8989
Omega Ratio Rank
FINN.NEO Calmar Ratio Rank: 9494
Calmar Ratio Rank
FINN.NEO Martin Ratio Rank: 9191
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Factor ETF CAD (VVL.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.

VVL.TOFINN.NEODifference
Sharpe ratioReturn per unit of total volatility
2.03
2.57

-0.54

Sortino ratioReturn per unit of downside risk
2.96
3.26

-0.30

Omega ratioGain probability vs. loss probability

1.36

1.44

-0.08

Calmar ratioReturn relative to maximum drawdown

3.18

5.28

-2.09

Martin ratioReturn relative to average drawdown

12.50

16.67

-4.16

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

The current VVL.TO Sharpe Ratio is 2.03, which is comparable to the FINN.NEO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of VVL.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.

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Drawdowns

VVL.TO vs. FINN.NEO - Drawdown Comparison

The maximum VVL.TO drawdown since its inception was -43.88%, 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 VVL.TO and FINN.NEO.

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Drawdown Indicators

VVL.TOFINN.NEODifference

Max Drawdown

Largest peak-to-trough decline

-43.88%

-25.66%

-18.22%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-11.94%

+3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-18.07%

-25.66%

+7.59%

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.88%

—

—

Current Drawdown

Current decline from peak

-0.37%

-2.37%

+2.00%

Average Drawdown

Average peak-to-trough decline

-5.74%

-3.98%

-1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.26%

3.77%

-1.51%

Volatility

VVL.TO vs. FINN.NEO - Volatility Comparison

The current volatility for Vanguard Global Value Factor ETF CAD (VVL.TO) is 3.28%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 10.42%. This indicates that VVL.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

VVL.TOFINN.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

10.42%

-7.14%

Volatility (6M)

Calculated over the trailing 6-month period

9.45%

19.94%

-10.49%

Volatility (1Y)

Calculated over the trailing 1-year period

13.86%

24.53%

-10.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.07%

22.37%

-6.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.77%

22.37%

-3.60%

VVL.TO vs. FINN.NEO - Expense Ratio Comparison

VVL.TO has a 0.38% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.

Dividends

VVL.TO vs. FINN.NEO - Dividend Comparison

VVL.TO's dividend yield for the trailing twelve months is around 1.62%, while FINN.NEO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
VVL.TO
Vanguard Global Value Factor ETF CAD		1.62%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%

Frequently Asked Questions

VVL.TO and FINN.NEO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VVL.TO is cheaper with a 0.38% expense ratio, compared with 1.09% for FINN.NEO.

They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.38% for VVL.TO and 1.09% for FINN.NEO.

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