CI Morningstar Canada Value Index ETF (FXM.TO)

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The chart shows the growth of an initial investment of CA$10,000 in CI Morningstar Canada Value Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

CI Morningstar Canada Value Index ETF (FXM.TO) has returned 8.97% so far this year and 50.77% over the past 12 months. Looking at the last ten years, FXM.TO has achieved an annualized return of 14.20%, outperforming the S&P 500 Index benchmark, which averaged 12.91% per year.

Based on dividend-adjusted daily data since Feb 15, 2012, FXM.TO's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, your investment would double in approximately 5.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +23.3%, while the worst month was Mar 2020 at -24.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FXM.TO closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +11.6%, while the worst single day was Mar 18, 2020 at -10.7%.

CI Morningstar Canada Value Index ETF has an annualized alpha of 5.72%, beta of 0.54, and R² of 0.26 versus S&P 500 Index. Calculated based on daily prices since February 16, 2012.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (64.20%) than losses (44.94%) — typical of diversified or defensive assets.
• Beta of 0.54 may look defensive, but with R² of 0.26 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 0.26 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.

FXM.TO has an expense ratio of 0.64%, placing it in the medium range.

FXM.TO ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for CI Morningstar Canada Value Index ETF (FXM.TO) and compare them to a chosen benchmark (S&P 500 Index).

CI Morningstar Canada Value Index ETF provided a 1.93% dividend yield over the last twelve months, with an annual payout of CA$0.74 per share.

The table displays the monthly dividend distributions for CI Morningstar Canada Value Index 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 Morningstar Canada Value Index 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 Morningstar Canada Value Index ETF was 46.41%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current CI Morningstar Canada Value Index ETF drawdown is 4.31%.

The chart below shows the rolling one-month volatility.