XEXP.TO vs. FINN.NEO

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Exponential Technologies Index ETF (XEXP.TO) and Fidelity Global Innovators ETF (FINN.NEO).

XEXP.TO and FINN.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEXP.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Exponential Technologies Index. It was launched on Apr 26, 2022. FINN.NEO is an actively managed fund by Fidelity. It was launched on May 19, 2023.

Performance

XEXP.TO vs. FINN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Exponential Technologies Index ETF (XEXP.TO) and Fidelity Global Innovators ETF (FINN.NEO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023
XEXP.TO iShares Exponential Technologies Index ETF	-0.03%	13.97%	9.27%	12.04%
FINN.NEO Fidelity Global Innovators ETF	3.03%	20.61%	58.65%	17.86%

Returns By Period

In the year-to-date period, XEXP.TO achieves a -0.03% return, which is significantly lower than FINN.NEO's 3.03% return.

XEXP.TO

• 1D: -0.13%
• 1M: -2.60%
• YTD: -0.03%
• 6M: -5.09%
• 1Y: 18.67%
• 3Y*: 12.05%
• 5Y*: —
• 10Y*: —

FINN.NEO

• 1D: -1.10%
• 1M: -0.64%
• YTD: 3.03%
• 6M: 0.15%
• 1Y: 36.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

XEXP.TO has a 0.44% expense ratio, which is lower than FINN.NEO's 1.13% expense ratio.

FINN.NEO

Fidelity Global Innovators ETF

XEXP.TO

iShares Exponential Technologies Index ETF

Return for Risk

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

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

XEXP.TO

XEXP.TO Risk / Return Rank: 39
XEXP.TO Sharpe Ratio Rank: 40
XEXP.TO Sortino Ratio Rank: 39
XEXP.TO Omega Ratio Rank: 49
XEXP.TO Calmar Ratio Rank: 35
XEXP.TO Martin Ratio Rank: 34

FINN.NEO

FINN.NEO Risk / Return Rank: 76
FINN.NEO Sharpe Ratio Rank: 76
FINN.NEO Sortino Ratio Rank: 76
FINN.NEO Omega Ratio Rank: 70
FINN.NEO Calmar Ratio Rank: 84
FINN.NEO Martin Ratio Rank: 74

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Exponential Technologies Index ETF (XEXP.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.

	XEXP.TO	FINN.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.48	-0.68
Sortino ratio Return per unit of downside risk	1.20	2.05	-0.84
Omega ratio Gain probability vs. loss probability	1.20	1.27	-0.07
Calmar ratio Return relative to maximum drawdown	1.22	2.83	-1.61
Martin ratio Return relative to average drawdown	4.18	8.88	-4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEXP.TO Sharpe Ratio is 0.80, which is lower than the FINN.NEO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of XEXP.TO and FINN.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XEXP.TO	FINN.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.48	-0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.57	-0.91

Correlation

The correlation between XEXP.TO and FINN.NEO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XEXP.TO vs. FINN.NEO - Dividend Comparison

XEXP.TO's dividend yield for the trailing twelve months is around 0.65%, while FINN.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
XEXP.TO iShares Exponential Technologies Index ETF	0.65%	0.65%	0.80%	0.63%	0.21%
FINN.NEO Fidelity Global Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XEXP.TO vs. FINN.NEO - Drawdown Comparison

The maximum XEXP.TO drawdown since its inception was -22.44%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for XEXP.TO and FINN.NEO.

Drawdown Indicators

	XEXP.TO	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-25.66%	+3.22%
Max Drawdown (1Y) Largest decline over 1 year	-15.16%	-11.94%	-3.22%
Current Drawdown Current decline from peak	-7.92%	-5.36%	-2.56%
Average Drawdown Average peak-to-trough decline	-4.08%	-4.21%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	4.16%	+0.26%

Volatility

XEXP.TO vs. FINN.NEO - Volatility Comparison

The current volatility for iShares Exponential Technologies Index ETF (XEXP.TO) is 6.54%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 9.88%. This indicates that XEXP.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.

Volatility by Period

	XEXP.TO	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	9.88%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	17.57%	-4.46%
Volatility (1Y) Calculated over the trailing 1-year period	23.37%	24.65%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	22.04%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	22.04%	-3.06%