Applications in computer vision involve statistically analyzing an important class of constrained, non-negative functions, including probability density functions (in texture analysis), dynamic time-warping functions (in activity analysis), and re-parametrization or non-rigid registration functions (in shape analysis of curves). For this one needs to impose a Riemannian structure on the spaces formed by these functions. We propose a ``spherical" version of the Fisher-Rao metric that provides closed form expressions for geodesics and distances, and allows an efficient computation of statistics. We compare this metric with some previously used metrics and present an application in planar shape classification.