XIT.TO vs. FINN.NEO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Technology Equities funds. XIT.TO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, XIT.TO returned 17.90%/yr vs 46.00%/yr for FINN.NEO. A 0.64 correlation means they provide meaningful diversification when combined. XIT.TO charges 0.60%/yr vs 1.13%/yr for FINN.NEO.
Performance
XIT.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -4.19% return, which is significantly lower than FINN.NEO's 42.01% return.
XIT.TO
- 1D
- -3.62%
- 1M
- 5.49%
- YTD
- -4.19%
- 6M
- -5.79%
- 1Y
- 9.80%
- 3Y*
- 17.90%
- 5Y*
- 8.31%
- 10Y*
- 17.57%
FINN.NEO
- 1D
- -0.75%
- 1M
- 13.10%
- YTD
- 42.01%
- 6M
- 41.28%
- 1Y
- 74.64%
- 3Y*
- 46.00%
- 5Y*
- —
- 10Y*
- —
XIT.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -4.19% | 15.48% | 30.02% | 16.40% |
FINN.NEO Fidelity Global Innovators ETF | 42.01% | 20.61% | 58.65% | 17.86% |
Correlation
The correlation between XIT.TO and FINN.NEO is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 26, 2023 | 0.64 |
The correlation between XIT.TO and FINN.NEO has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.
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Return for Risk
XIT.TO vs. FINN.NEO — Risk / Return Rank
XIT.TO
FINN.NEO
XIT.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.
| XIT.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.53 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 6.28 | -5.98 |
| Martin ratioReturn relative to average drawdown | 0.62 | 20.93 | -20.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIT.TO | FINN.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 3.36 | -3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 2.12 | -1.82 |
Drawdowns
XIT.TO vs. FINN.NEO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, 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 XIT.TO and FINN.NEO.
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Drawdown Indicators
| XIT.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.18% | -25.66% | -55.52% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -11.94% | -19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -25.66% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | — | — |
Current DrawdownCurrent decline from peak | -14.47% | -0.75% | -13.72% |
Average DrawdownAverage peak-to-trough decline | -26.86% | -4.02% | -22.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 3.58% | +12.16% |
Volatility
XIT.TO vs. FINN.NEO - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 11.83% compared to Fidelity Global Innovators ETF (FINN.NEO) at 7.79%. This indicates that XIT.TO'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.
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Volatility by Period
| XIT.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 7.79% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 17.72% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 22.38% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 22.28% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 22.28% | +4.43% |
XIT.TO vs. FINN.NEO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is lower than FINN.NEO's 1.13% expense ratio.
Dividends
XIT.TO vs. FINN.NEO - Dividend Comparison
Neither XIT.TO nor FINN.NEO has 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% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.29% | 0.00% | 0.13% | 0.14% | 0.08% |
Frequently Asked Questions
XIT.TO and FINN.NEO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIT.TO is cheaper with a 0.60% expense ratio, compared with 1.13% for FINN.NEO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.60% for XIT.TO and 1.13% for FINN.NEO.
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