CI Health Care Giants Covered Call ETF (FHI.TO)

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CI Health Care Giants Covered Call ETF (FHI.TO) is up 1.4% since the beginning of the year. FHI.TO is currently trading at CA$11 per share. Investors who bought CA$1,000 worth of FHI.TO shares 5 years ago would now be looking at an investment worth CA$1,312.

CI Health Care Giants Covered Call ETF (FHI.TO) has returned 1.35% so far this year and 11.83% over the past 12 months.

Based on dividend-adjusted daily data since Jun 13, 2018, FHI.TO's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +11.8%, while the worst month was Dec 2018 at -10.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FHI.TO closed higher 41% of trading days. The best single day was Nov 4, 2020 with a return of +10.0%, while the worst single day was Mar 12, 2020 at -8.7%.

CI Health Care Giants Covered Call ETF has an annualized alpha of 2.84%, beta of 0.34, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since June 13, 2018.

• This ETF participated in 77.10% of S&P 500 Index downside but only 58.57% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.34 may look defensive, but with R2 of 0.18 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 0.18 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.

FHI.TO ranks 27 for risk / return — below 27% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

CI Health Care Giants Covered Call ETF provided a 7.02% dividend yield over the last twelve months, with an annual payout of CA$0.75 per share.

The table displays the monthly dividend distributions for CI Health Care Giants Covered Call 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 Health Care Giants Covered Call 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 Health Care Giants Covered Call ETF was 29.85%, occurring on Mar 23, 2020. Recovery took 148 trading sessions.

The current CI Health Care Giants Covered Call ETF drawdown is 2.98%.

The chart below shows the rolling one-month volatility.