CI Morningstar Canada Momentum Index ETF (WXM.TO)

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The chart shows the growth of an initial investment of CA$10,000 in CI Morningstar Canada Momentum 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 Momentum Index ETF (WXM.TO) has returned 8.73% so far this year and 47.64% over the past 12 months. Looking at the last ten years, WXM.TO has achieved an annualized return of 14.63%, outperforming the S&P 500 Index benchmark, which averaged 12.91% per year.

Based on dividend-adjusted daily data since Feb 15, 2012, WXM.TO's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, your investment would double in approximately 5.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +16.0%, while the worst month was Mar 2020 at -20.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, WXM.TO closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.1%, while the worst single day was Mar 12, 2020 at -11.1%.

CI Morningstar Canada Momentum Index ETF has an annualized alpha of 4.80%, beta of 0.61, and R² of 0.37 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 (72.70%) than losses (59.04%) — typical of diversified or defensive assets.
• Beta of 0.61 may look defensive, but with R² of 0.37 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 0.37 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

WXM.TO has an expense ratio of 0.65%, placing it in the medium range.

WXM.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 Momentum Index ETF (WXM.TO) and compare them to a chosen benchmark (S&P 500 Index).

CI Morningstar Canada Momentum Index ETF provided a 1.26% dividend yield over the last twelve months, with an annual payout of CA$0.60 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for CI Morningstar Canada Momentum 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 Momentum 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 Momentum Index ETF was 40.45%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.

The current CI Morningstar Canada Momentum Index ETF drawdown is 5.21%.

The chart below shows the rolling one-month volatility.