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CI Alternative Diversified Opportunities Fund (CMDO.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 25, 2026

CI Alternative Diversified Opportunities Fund seeks capital appreciation and attractive risk-adjusted returns through an actively managed alternative-credit portfolio using investment-grade and high-yield bonds, loans, short sales, derivatives, and selective equity, currency, and commodity exposures.

CI Alternative Diversified Opportunities Fund (CMDO.TO) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CMDO.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 CMDO.TO

CMDO.TO has a PortfoliosLab risk / return rank of 71. There are 3 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 96.

SymbolNameRisk / Return RankAUMInception
CROP.TO
Purpose Credit Opportunities Fund
96
—Sep 2021CMDO.TO vs CROP.TO
RATE.TO
Arrow EC Income Advantage Alternative Fund
72
—Jun 2021CMDO.TO vs RATE.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
71
371.64MJan 2020CMDO.TO vs CRED.TO
PFIA.TO
PICTON Long Short Income Alternative Fund
61
353.70MJul 2019CMDO.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
59
6.88MMay 2020CMDO.TO vs CMEY.TO

Top Performing CMDO.TO Alternatives (YTD)

CMDO.TO is at 1.93% YTD. There is 1 ETF in the Nontraditional Bonds category with a higher YTD return, going as high as 3.58%.

SymbolNameYTD ReturnAUMInception
CROP.TO
Purpose Credit Opportunities Fund
3.58%
—Sep 2021CMDO.TO vs CROP.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
1.74%
6.88MMay 2020CMDO.TO vs CMEY.TO
RATE.TO
Arrow EC Income Advantage Alternative Fund
1.47%
—Jun 2021CMDO.TO vs RATE.TO
CMAR.TO
CI Marret Alternative Absolute Return Bond Fund
1.34%
16.72MJan 2020CMDO.TO vs CMAR.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
1.05%
371.64MJan 2020CMDO.TO vs CRED.TO

Lowest Volatility Alternatives to CMDO.TO

CMDO.TO has 3.40% 1-year volatility. There are 5 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.86%.

SymbolNameVolatility 1YAUMInception
CRED.TO
CI Alternative Investment Grade Credit Fund1.86%371.64MJan 2020CMDO.TO vs CRED.TO
RATE.TO
Arrow EC Income Advantage Alternative Fund2.24%—Jun 2021CMDO.TO vs RATE.TO
PFIA.TO
PICTON Long Short Income Alternative Fund2.43%353.70MJul 2019CMDO.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund3.10%6.88MMay 2020CMDO.TO vs CMEY.TO
CROP.TO
Purpose Credit Opportunities Fund3.16%—Sep 2021CMDO.TO vs CROP.TO

Lowest Drawdown Alternatives to CMDO.TO

CMDO.TO has a 1-year max drawdown of -1.54%. There are 5 ETFs in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.80%.

SymbolNameMax Drawdown 1YAUMInception
RATE.TO
Arrow EC Income Advantage Alternative Fund
-0.80%
—Jun 2021CMDO.TO vs RATE.TO
CROP.TO
Purpose Credit Opportunities Fund
-0.91%
—Sep 2021CMDO.TO vs CROP.TO
PFIA.TO
PICTON Long Short Income Alternative Fund
-1.36%
353.70MJul 2019CMDO.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
-1.41%
6.88MMay 2020CMDO.TO vs CMEY.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
-1.52%
371.64MJan 2020CMDO.TO vs CRED.TO

Other ETFs from CI Global Asset Management

The 10 most viewed CI Global Asset Management ETFs shown here include BTCX-B.TO, VALT.TO, WXM.TO and span 15 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series UnitsCryptocurrency
2
-25.01%
709.05MMar 2021CMDO.TO vs BTCX-B.TO
VALT.TO
CI Gold Bullion ETFGold, Precious Metals
25
-6.93%
—Jan 2021CMDO.TO vs VALT.TO
WXM.TO
CI Morningstar Canada Momentum Index ETFMomentum, Canada Equities
90
14.58%
1.57BFeb 2012CMDO.TO vs WXM.TO
CLML.TO
CI Global Climate Leaders FundAlternative Energy Equities, Sustainable, Global Equities, Actively Managed, Energy Equities
68
25.72%
—Jul 2021CMDO.TO vs CLML.TO
CMGG.TO
CI Munro Global Growth Equity FundGlobal Equities
42
12.52%
—Jan 2021CMDO.TO vs CMGG.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...Momentum, Foreign Large Cap Equities
80
13.64%
147.25MNov 2014CMDO.TO vs ZXM.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100, Derivative Income, Options Trading, Actively Managed
73
12.05%
63.79MAug 2024CMDO.TO vs QQCI.TO
CCCX.TO
CI Galaxy Core Multi-Crypto ETFCryptocurrency—
-31.77%
—Aug 2025CMDO.TO vs CCCX.TO
ETHX.TO
CI Galaxy Ethereum ETF CAD Hedged SeriesCryptocurrency—
-38.42%
—Aug 2025CMDO.TO vs ETHX.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ SeriesHigh Yield Bonds
45
2.17%
—Apr 2022CMDO.TO vs CGHY.TO

Often Compared With CMDO.TO

Investors most often compare CMDO.TO with XFLI.TO, ZFH.TO, ZHY.TO. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XFLI.TO
iShares Flexible Monthly Income ETF CADHigh Yield Bonds
50
3.13%
557.60MSep 2024CMDO.TO vs XFLI.TO
ZFH.TO
BMO Floating Rate High Yield ETFHigh Yield Bonds
42
2.38%
250.56MFeb 2014CMDO.TO vs ZFH.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...High Yield Bonds
27
0.42%
1.53BOct 2009CMDO.TO vs ZHY.TO

Compare CMDO.TO with Any Fund or Stock

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

 

Diversifiers

Pair CMDO.TO with funds that move differently

CI Alternative Diversified Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CMDO.TO.

Explore CMDO.TO Diversifiers