XWD.TO vs. FINN.NEO
XWD.TO (iShares MSCI World Index ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. XWD.TO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, XWD.TO returned 20.00%/yr vs 40.06%/yr for FINN.NEO. A 0.78 correlation means they provide meaningful diversification when combined. XWD.TO charges 0.48%/yr vs 1.09%/yr for FINN.NEO.
Performance
XWD.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XWD.TO achieves a 11.52% return, which is significantly lower than FINN.NEO's 35.77% return.
XWD.TO
- 1D
- -1.02%
- 1M
- -0.34%
- 6M
- 7.85%
- YTD
- 11.52%
- 1Y
- 21.84%
- 3Y*
- 20.00%
- 5Y*
- 13.62%
- 10Y*
- 13.24%
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
XWD.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWD.TO iShares MSCI World Index ETF | 11.52% | 15.25% | 28.07% | 9.81% |
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between XWD.TO and FINN.NEO is 0.75, 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 | 0.75 |
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 | 0.78 |
The correlation between XWD.TO and FINN.NEO has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
XWD.TO vs. FINN.NEO — Risk / Return Rank
XWD.TO
FINN.NEO
XWD.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.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.
| XWD.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.16 | -1.32 |
| Martin ratioReturn relative to average drawdown | 11.32 | 12.96 | -1.64 |
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Drawdowns
XWD.TO vs. FINN.NEO - Drawdown Comparison
The maximum XWD.TO drawdown since its inception was -27.48%, 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 XWD.TO and FINN.NEO.
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Drawdown Indicators
| XWD.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.48% | -25.66% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -11.94% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -25.66% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.48% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -6.49% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.98% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.83% | -1.90% |
Volatility
XWD.TO vs. FINN.NEO - Volatility Comparison
The current volatility for iShares MSCI World Index ETF (XWD.TO) is 3.04%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.48%. This indicates that XWD.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
| XWD.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 6.48% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 20.24% | -10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 24.76% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 22.40% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 22.40% | -7.07% |
XWD.TO vs. FINN.NEO - Expense Ratio Comparison
XWD.TO has a 0.48% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
XWD.TO vs. FINN.NEO - Dividend Comparison
XWD.TO's dividend yield for the trailing twelve months is around 1.21%, 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% |
XWD.TO iShares MSCI World Index ETF | 1.21% | 1.33% | 1.19% | 1.39% | 1.35% | 1.21% | 1.06% | 1.77% | 1.94% | 1.64% | 1.83% | 1.84% |
Frequently Asked Questions
XWD.TO and FINN.NEO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWD.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWD.TO is cheaper with a 0.48% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for XWD.TO and 1.09% for FINN.NEO.
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