CI Marret Alternative Absolute Return Bond Fund (CMAR.TO)

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CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) is up 2.2% since the beginning of the year. CMAR.TO is currently trading at CA$18 per share. Investors who bought CA$1,000 worth of CMAR.TO shares 5 years ago would now be looking at an investment worth CA$1,076.

CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) has returned 2.18% so far this year and 3.77% over the past 12 months.

Based on dividend-adjusted daily data since Jan 28, 2020, CMAR.TO's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 54% of months were positive and 46% were negative. The best month was Dec 2023 with a return of +4.2%, while the worst month was Apr 2022 at -3.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CMAR.TO closed higher 45% of trading days. The best single day was Dec 14, 2023 with a return of +1.7%, while the worst single day was Mar 19, 2020 at -2.2%.

CI Marret Alternative Absolute Return Bond Fund has an annualized alpha of 2.13%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 28, 2020.

• This ETF participated in 21.77% of S&P 500 Index downside but only 14.58% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CMAR.TO ranks 41 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.

CI Marret Alternative Absolute Return Bond Fund provided a 4.42% dividend yield over the last twelve months, with an annual payout of CA$0.80 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for CI Marret Alternative Absolute Return Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the CI Marret Alternative Absolute Return Bond 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 Marret Alternative Absolute Return Bond Fund was 12.07%, occurring on Oct 19, 2023. Recovery took 233 trading sessions.

The chart below shows the rolling one-month volatility.