CI Enhanced Government Bond ETF (FGO.TO)

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CI Enhanced Government Bond ETF (FGO.TO) is up 1.6% since the beginning of the year. FGO.TO is currently trading at CA$10 per share. Investors who bought CA$1,000 worth of FGO.TO shares 5 years ago would now be looking at an investment worth CA$1,015.

CI Enhanced Government Bond ETF (FGO.TO) has returned 1.63% so far this year and 2.14% over the past 12 months.

Based on dividend-adjusted daily data since Aug 2, 2018, FGO.TO's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.

Historically, 54% of months were positive and 46% were negative. The best month was Aug 2019 with a return of +4.7%, while the worst month was Sep 2023 at -3.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FGO.TO closed higher 43% of trading days. The best single day was Nov 28, 2023 with a return of +2.1%, while the worst single day was Mar 24, 2020 at -1.9%.

CI Enhanced Government Bond ETF has an annualized alpha of 2.02%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 02, 2018.

• This ETF participated in 18.57% of S&P 500 Index downside but only 12.29% 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.

FGO.TO ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

CI Enhanced Government Bond ETF provided a 2.42% dividend yield over the last twelve months, with an annual payout of CA$0.24 per share.

The table displays the monthly dividend distributions for CI Enhanced Government Bond ETF. 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 Enhanced Government Bond ETF. 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 Enhanced Government Bond ETF was 14.83%, occurring on Oct 3, 2023. The portfolio has not yet recovered.

The current CI Enhanced Government Bond ETF drawdown is 1.54%.

The chart below shows the rolling one-month volatility.