- Issuer
- CI
- Inception Date
- Jan 18, 2021
- Category
- Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CMAG.TO Performance Chart
CI Munro Alternative Global Growth Fund (CMAG.TO) is up 19.7% since the beginning of the year. CMAG.TO is currently trading at CA$51 per share. Investors who bought CA$1,000 worth of CMAG.TO shares 5 years ago would now be looking at an investment worth CA$1,842.
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Returns By Period
CI Munro Alternative Global Growth Fund (CMAG.TO) has returned 19.65% so far this year and 25.76% over the past 12 months.
CI Munro Alternative Global Growth Fund
- 1D
- 1.88%
- 1M
- 4.29%
- YTD
- 19.65%
- 6M
- 18.78%
- 1Y
- 25.76%
- 3Y*
- 26.00%
- 5Y*
- 13.00%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
CMAG.TO Monthly Returns History
Based on dividend-adjusted daily data since Jan 28, 2020, CMAG.TO's average daily return is +0.06%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Feb 2024 with a return of +10.5%, while the worst month was Jan 2022 at -9.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, CMAG.TO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Jan 27, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.11% | -0.16% | -4.03% | 8.92% | 8.73% | 4.29% | 19.65% | ||||||
| 2025 | 5.08% | -4.12% | -8.41% | 1.62% | 8.15% | 6.09% | 2.94% | -1.55% | 4.47% | 4.65% | -4.78% | -0.38% | 13.08% |
| 2024 | 5.42% | 10.49% | 1.51% | -3.13% | 4.32% | 6.56% | -2.45% | -0.38% | 2.52% | 1.30% | 6.76% | -0.05% | 37.11% |
| 2023 | 0.13% | -2.63% | 3.79% | 0.80% | 3.75% | 1.73% | 0.75% | 1.33% | -4.84% | -0.00% | 8.25% | 2.52% | 16.07% |
| 2022 | -9.12% | -2.46% | -0.16% | -5.80% | -2.06% | -2.40% | 4.15% | -1.82% | -0.25% | 0.85% | 2.81% | -3.92% | -19.04% |
| 2021 | 1.77% | 1.40% | -3.13% | 2.59% | -4.99% | 6.06% | 2.62% | 3.97% | -4.23% | 2.99% | 1.04% | -0.62% | 9.21% |
Benchmark Metrics
CI Munro Alternative Global Growth Fund has an annualized alpha of 9.53%, beta of 0.46, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since January 28, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.97%) than losses (70.63%) - typical of diversified or defensive assets.
- Beta of 0.46 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 9.53%
- Beta
- 0.46
- R²
- 0.34
- Upside Capture
- 84.97%
- Downside Capture
- 70.63%
Return for Risk
Risk / Return Rank
CMAG.TO ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CI Munro Alternative Global Growth Fund (CMAG.TO) and compare them to S&P 500 Index.
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.
| CMAG.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.79 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.23 | 10.35 | -4.12 |
Dividends
Dividend History
CI Munro Alternative Global Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of CA$0.00 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | CA$0.00 | CA$0.09 |
Dividend yield | 0.00% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for CI Munro Alternative Global Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | ||||||
| 2025 | CA$0.09 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the CI Munro Alternative Global Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the CI Munro Alternative Global Growth Fund was 23.94%, occurring on Mar 1, 2023. Recovery took 233 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -23.94%Mar 2023 | 1y 3mo | 11mo 8d | 2y 2moNov 2021 - Feb 2024 |
2025 selloff2025 | -18.87%Apr 2025 | 2mo 10d | 3mo 14d | 5mo 24dJan 2025 - Jul 2025 |
2021 correction2021 | -12.74%May 2021 | 2mo 24d | 3mo 9d | 6mo 3dFeb 2021 - Aug 2021 |
2026 correction2026 | -11.54%Mar 2026 | 5mo | 25d | 5mo 25dOct 2025 - Apr 2026 |
2024 correction2024 | -10.16%Aug 2024 | 1mo 13d | 2mo 8d | 3mo 21dJun 2024 - Oct 2024 |
Drawdown Indicators
| CMAG.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -48.87% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -9.17% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -19.59% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -23.14% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -9.64% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.47% | +1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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