WSHR.NEO vs. FINN.NEO
WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. WSHR.NEO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, WSHR.NEO returned 10.08%/yr vs 40.06%/yr for FINN.NEO. At a 0.39 correlation, their price movements are largely independent. WSHR.NEO charges 0.56%/yr vs 1.09%/yr for FINN.NEO.
Performance
WSHR.NEO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, WSHR.NEO achieves a 9.30% return, which is significantly lower than FINN.NEO's 35.77% return.
WSHR.NEO
- 1D
- 0.06%
- 1M
- 1.62%
- 6M
- 5.39%
- YTD
- 9.30%
- 1Y
- 11.56%
- 3Y*
- 10.08%
- 5Y*
- 6.24%
- 10Y*
- —
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
WSHR.NEO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 9.30% | 5.34% | 12.31% | 3.22% |
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between WSHR.NEO 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 | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.39 |
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Return for Risk
WSHR.NEO vs. FINN.NEO — Risk / Return Rank
WSHR.NEO
FINN.NEO
WSHR.NEO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) 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.
| WSHR.NEO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 4.16 | -2.86 |
| Martin ratioReturn relative to average drawdown | 4.34 | 12.96 | -8.62 |
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Drawdowns
WSHR.NEO vs. FINN.NEO - Drawdown Comparison
The maximum WSHR.NEO drawdown since its inception was -21.74%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and FINN.NEO.
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Drawdown Indicators
| WSHR.NEO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -25.66% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -11.94% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -25.66% | +14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -6.49% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -3.98% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.83% | -1.16% |
Volatility
WSHR.NEO vs. FINN.NEO - Volatility Comparison
The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 2.38%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.48%. This indicates that WSHR.NEO 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
| WSHR.NEO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 6.48% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 20.24% | -12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 24.76% | -14.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 22.40% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.03% | 22.40% | -11.37% |
WSHR.NEO vs. FINN.NEO - Expense Ratio Comparison
WSHR.NEO has a 0.56% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
WSHR.NEO vs. FINN.NEO - Dividend Comparison
WSHR.NEO's dividend yield for the trailing twelve months is around 1.38%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.38% | 1.34% | 1.31% | 1.34% | 1.45% | 0.44% |
Frequently Asked Questions
WSHR.NEO 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.
On fees, WSHR.NEO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WSHR.NEO is cheaper with a 0.56% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Mackenzie and Fidelity. Their fees differ too: 0.56% for WSHR.NEO and 1.09% for FINN.NEO.
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