VXC.TO vs. FINN.NEO
VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. VXC.TO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, VXC.TO returned 20.88%/yr vs 43.00%/yr for FINN.NEO. A 0.77 correlation means they provide meaningful diversification when combined. VXC.TO charges 0.22%/yr vs 1.09%/yr for FINN.NEO.
Performance
VXC.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, VXC.TO achieves a 14.58% return, which is significantly lower than FINN.NEO's 40.98% return.
VXC.TO
- 1D
- 0.13%
- 1M
- -0.23%
- 6M
- 10.59%
- YTD
- 14.58%
- 1Y
- 26.49%
- 3Y*
- 20.88%
- 5Y*
- 12.94%
- 10Y*
- 12.93%
FINN.NEO
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 33.95%
- YTD
- 40.98%
- 1Y
- 58.67%
- 3Y*
- 43.00%
- 5Y*
- —
- 10Y*
- —
VXC.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 14.58% | 16.12% | 26.06% | 9.82% |
FINN.NEO Fidelity Global Innovators ETF | 40.98% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between VXC.TO and FINN.NEO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.77 |
The correlation between VXC.TO and FINN.NEO has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
VXC.TO vs. FINN.NEO — Risk / Return Rank
VXC.TO
FINN.NEO
VXC.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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.
| VXC.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 4.94 | -1.71 |
| Martin ratioReturn relative to average drawdown | 12.71 | 15.51 | -2.79 |
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Drawdowns
VXC.TO vs. FINN.NEO - Drawdown Comparison
The maximum VXC.TO drawdown since its inception was -27.28%, 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 VXC.TO and FINN.NEO.
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Drawdown Indicators
| VXC.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -25.66% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -11.94% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -25.66% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -2.91% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -3.97% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 3.79% | -1.70% |
Volatility
VXC.TO vs. FINN.NEO - Volatility Comparison
The current volatility for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is 3.47%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.08%. This indicates that VXC.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
| VXC.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 6.08% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 20.03% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 24.62% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 22.37% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 22.37% | -7.11% |
VXC.TO vs. FINN.NEO - Expense Ratio Comparison
VXC.TO has a 0.22% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
VXC.TO vs. FINN.NEO - Dividend Comparison
VXC.TO's dividend yield for the trailing twelve months is around 1.24%, 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% |
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 1.24% | 1.39% | 1.45% | 1.69% | 1.82% | 1.49% | 1.46% | 1.81% | 1.95% | 1.68% | 1.86% | 1.83% |
Frequently Asked Questions
VXC.TO and FINN.NEO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VXC.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VXC.TO is cheaper with a 0.22% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.22% for VXC.TO and 1.09% for FINN.NEO.
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