ZDIV.TO vs. FINN.NEO

Last updated Apr 15, 2026

ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both exchange-traded funds — ZDIV.TO is a Dividend fund tracking the MSCI Canada IMI High Dividend Yield Select Index, while FINN.NEO is a Technology Equities fund actively managed by Fidelity. ZDIV.TO is passively managed, while FINN.NEO is actively managed. At 0.09, their price movements are largely independent. ZDIV.TO charges 0.09%/yr vs 1.13%/yr for FINN.NEO.

Performance

ZDIV.TO vs. FINN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.TO) and Fidelity Global Innovators ETF (FINN.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZDIV.TO

• 1D: -0.49%
• 1M: 1.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FINN.NEO

• 1D: 2.48%
• 1M: 13.27%
• YTD: 15.76%
• 6M: 12.89%
• 1Y: 65.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	8.06%
FINN.NEO Fidelity Global Innovators ETF	12.79%

Correlation

The correlation between ZDIV.TO and FINN.NEO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	0.09

Return for Risk

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

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

FINN.NEO

FINN.NEO Risk / Return Rank: 81
FINN.NEO Sharpe Ratio Rank: 85
FINN.NEO Sortino Ratio Rank: 75
FINN.NEO Omega Ratio Rank: 74
FINN.NEO Calmar Ratio Rank: 88
FINN.NEO Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ZDIV.TO	FINN.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.08	1.79	+4.29

Drawdowns

ZDIV.TO vs. FINN.NEO - Drawdown Comparison

The maximum ZDIV.TO drawdown since its inception was -1.39%, smaller than the maximum FINN.NEO drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for ZDIV.TO and FINN.NEO.

Drawdown Indicators

	ZDIV.TO	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-1.39%	-25.66%	+24.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.94%	—
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-0.31%	-4.19%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.58%	—

Volatility

Volatility by Period

	ZDIV.TO	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	21.86%	-12.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.04%	22.15%	-13.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.04%	22.15%	-13.11%

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

ZDIV.TO has a 0.09% expense ratio, which is lower than FINN.NEO's 1.13% expense ratio.

Dividends

ZDIV.TO vs. FINN.NEO - Dividend Comparison

ZDIV.TO's dividend yield for the trailing twelve months is around 0.32%, while FINN.NEO has not paid dividends to shareholders.

	TTM
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	0.32%
FINN.NEO Fidelity Global Innovators ETF	0.00%