CMAG.TO Alternatives & Similar ETFs

CI Munro Alternative Global Growth Fund (CMAG.TO) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CMAG.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Best Risk-Adjusted Alternatives to CMAG.TO

CMAG.TO has a PortfoliosLab risk / return rank of 30. There are 3 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 72.

Symbol	Name	Risk / Return Rank	AUM	Inception
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	72	11.00M	Oct 2014	CMAG.TO vs PMM.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	39	240.67M	Sep 2018	CMAG.TO vs PFMN.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	38	—	Feb 2024	CMAG.TO vs FCLS.NEO
ARB.TO	Accelerate Arbitrage Fund	18	40.70M	—	CMAG.TO vs ARB.TO

Top Performing CMAG.TO Alternatives (YTD)

CMAG.TO is at 11.27% YTD. No ETFs in the Long-Short category have higher YTD returns; the top-performing alternatives shown here go as high as 6.82%.

Symbol	Name	YTD Return	AUM	Inception
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	6.82%	11.00M	Oct 2014	CMAG.TO vs PMM.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	5.80%	—	Feb 2024	CMAG.TO vs FCLS.NEO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	2.67%	240.67M	Sep 2018	CMAG.TO vs PFMN.TO
ARB.TO	Accelerate Arbitrage Fund	0.97%	40.70M	—	CMAG.TO vs ARB.TO

Lowest Volatility Alternatives to CMAG.TO

CMAG.TO has 21.28% 1-year volatility. There are 4 ETFs in the Long-Short category with lower 1-year volatility, going as low as 4.74%.

Symbol	Name	Volatility 1Y	AUM	Inception
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	4.74%	240.67M	Sep 2018	CMAG.TO vs PFMN.TO
ARB.TO	Accelerate Arbitrage Fund	8.32%	40.70M	—	CMAG.TO vs ARB.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	9.53%	11.00M	Oct 2014	CMAG.TO vs PMM.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	15.84%	—	Feb 2024	CMAG.TO vs FCLS.NEO

Lowest Drawdown Alternatives to CMAG.TO

CMAG.TO has a 1-year max drawdown of -11.54%. There are 3 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.50%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ARB.TO	Accelerate Arbitrage Fund	-2.50%	40.70M	—	CMAG.TO vs ARB.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	-3.49%	240.67M	Sep 2018	CMAG.TO vs PFMN.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	-3.50%	11.00M	Oct 2014	CMAG.TO vs PMM.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	-12.39%	—	Feb 2024	CMAG.TO vs FCLS.NEO

Other ETFs from CI

The 10 most viewed CI ETFs shown here include CCOM.TO, CEQT.TO, CGXF.TO and span 11 categories. AUM among these funds goes as high as $363M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CCOM.TO	CI Auspice Broad Commodity Fund ETF Hedged Units	Commodities	78	15.07%	—	May 2023	CMAG.TO vs CCOM.TO
CEQT.TO	CI Equity Asset Allocation ETF	Diversified Portfolio	92	13.48%	—	May 2023	CMAG.TO vs CEQT.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	26	-13.37%	236.01M	Mar 2022	CMAG.TO vs CGXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	Financials Equities	97	26.97%	362.60M	Aug 2010	CMAG.TO vs CIC.TO
VXM-B.TO	CI Morningstar International Value Index ETF (Unhe...	Foreign Small & Mid Cap Equities	84	12.83%	—	Nov 2014	CMAG.TO vs VXM-B.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	Energy Equities, Derivative Income	64	28.84%	135.17M	Feb 2015	CMAG.TO vs NXF.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	1.31%	—	Jul 2023	CMAG.TO vs CMNY.TO
CBCX.TO	CI Galaxy Blockchain Index ETF CAD	Blockchain	15	2.82%	—	Apr 2022	CMAG.TO vs CBCX.TO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	CMAG.TO vs CEQP.TO
ONEQ.TO	CI Global Core Plus Equity ETF	Global Equities	88	13.96%	57.12M	Sep 2015	CMAG.TO vs ONEQ.TO

Often Compared With CMAG.TO

Investors most often compare CMAG.TO with EHE.TO, FGLS.NEO, FSF.TO. These 5 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EHE.TO	CI Europe Hedged Equity Index ETF	Europe Equities	40	7.25%	2.95M	Aug 2017	CMAG.TO vs EHE.TO
FGLS.NEO	Fidelity Global Value Long/Short Alternative ETF	Long-Short	15	2.11%	1.16B	Feb 2024	CMAG.TO vs FGLS.NEO
FSF.TO	CI Global Financial Sector ETF	Financials Equities	41	7.45%	302.27M	Nov 2014	CMAG.TO vs FSF.TO
CINF.TO	CI Global Infrastructure Private Pool	Utilities Equities	85	17.67%	462.21M	May 2020	CMAG.TO vs CINF.TO
CAGS.TO	CI Canadian Short-Term Aggregate Bond Index ETF	Short-Term Bond	63	1.19%	49.86M	Jun 2017	CMAG.TO vs CAGS.TO

Compare CMAG.TO with Any Fund or Stock

Compare CMAG.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair CMAG.TO with funds that move differently

CI Munro Alternative Global Growth Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CMAG.TO.

Explore CMAG.TO Diversifiers

CI Munro Alternative Global Growth Fund (CMAG.TO) Alternatives