PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

CI Morningstar Canada Momentum Index ETF (WXM.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 15, 2026

The fund aims to replicate the performance of the Morningstar Canada Target Momentum Index by investing in equity securities of the largest and most liquid Canadian public issuers, focusing on those with positive momentum in earnings and price.

CI Morningstar Canada Momentum Index ETF (WXM.TO) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with WXM.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to WXM.TO

WXM.TO charges 0.65% annually. There are 5 ETFs in the Momentum category with lower expense ratios, going as low as 0.31%.

SymbolNameExpense RatioAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF0.31%40.63MSep 2019WXM.TO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF0.38%511.94MJun 2016WXM.TO vs VMO.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF0.38%—Jun 2020WXM.TO vs FCCM.NEO
FCMO.NEO
Fidelity US Momentum ETF0.38%—Jun 2020WXM.TO vs FCMO.NEO
FCIM.NEO
Fidelity International Momentum Index ETF0.45%—Jun 2020WXM.TO vs FCIM.NEO

Best Risk-Adjusted Alternatives to WXM.TO

WXM.TO has a PortfoliosLab risk / return rank of 90. No ETFs in the Momentum category have higher risk-adjusted ranks; the top alternatives shown here go as high as 86.

SymbolNameRisk / Return RankAUMInception
FCCM.NEO
Fidelity Canadian Momentum Index ETF
86
—Jun 2020WXM.TO vs FCCM.NEO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
84
150.80MNov 2014WXM.TO vs ZXM.TO
FCIM.NEO
Fidelity International Momentum Index ETF
76
—Jun 2020WXM.TO vs FCIM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF
71
511.94MJun 2016WXM.TO vs VMO.TO
FCMO.NEO
Fidelity US Momentum ETF
61
—Jun 2020WXM.TO vs FCMO.NEO

Top Performing WXM.TO Alternatives (YTD)

WXM.TO is at 16.50% YTD. There are 4 ETFs in the Momentum category with higher YTD returns, going as high as 30.94%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
30.94%
40.63MSep 2019WXM.TO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
22.96%
511.94MJun 2016WXM.TO vs VMO.TO
FCMO.NEO
Fidelity US Momentum ETF
20.92%
—Jun 2020WXM.TO vs FCMO.NEO
FCIM.NEO
Fidelity International Momentum Index ETF
20.73%
—Jun 2020WXM.TO vs FCIM.NEO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
15.24%
150.80MNov 2014WXM.TO vs ZXM.TO

Lowest Volatility Alternatives to WXM.TO

WXM.TO has 16.00% 1-year volatility. There is 1 ETF in the Momentum category with lower 1-year volatility, going as low as 15.83%.

SymbolNameVolatility 1YAUMInception
ZXM.TO
CI Morningstar International Momentum Index ETF Co...15.83%150.80MNov 2014WXM.TO vs ZXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF16.44%—Jun 2020WXM.TO vs FCCM.NEO
FCIM.NEO
Fidelity International Momentum Index ETF19.57%—Jun 2020WXM.TO vs FCIM.NEO
FCMO.NEO
Fidelity US Momentum ETF19.99%—Jun 2020WXM.TO vs FCMO.NEO
VMO.TO
Vanguard Global Momentum Factor ETF21.73%511.94MJun 2016WXM.TO vs VMO.TO

Lowest Drawdown Alternatives to WXM.TO

WXM.TO has a 1-year max drawdown of -9.49%. No ETFs in the Momentum category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -10.07%.

SymbolNameMax Drawdown 1YAUMInception
VMO.TO
Vanguard Global Momentum Factor ETF
-10.07%
511.94MJun 2016WXM.TO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
-10.35%
150.80MNov 2014WXM.TO vs ZXM.TO
FCMO.NEO
Fidelity US Momentum ETF
-10.91%
—Jun 2020WXM.TO vs FCMO.NEO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
-11.42%
40.63MSep 2019WXM.TO vs XMTM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF
-12.36%
—Jun 2020WXM.TO vs FCCM.NEO

Other ETFs from CI Global Asset Management

The 8 most viewed CI Global Asset Management ETFs shown here include BTCX-B.TO, CMGG.TO, CCCX.TO and span 6 categories. AUM among these funds goes as high as $715M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series UnitsCryptocurrency
2
-24.73%
714.72MMar 2021WXM.TO vs BTCX-B.TO
CMGG.TO
CI Munro Global Growth Equity FundGlobal Equities
51
16.51%
—Jan 2021WXM.TO vs CMGG.TO
CCCX.TO
CI Galaxy Core Multi-Crypto ETFCryptocurrency—
-33.43%
—Aug 2025WXM.TO vs CCCX.TO
ETHX.TO
CI Galaxy Ethereum ETF CAD Hedged SeriesCryptocurrency—
-37.77%
—Aug 2025WXM.TO vs ETHX.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ SeriesHigh Yield Bonds
36
2.17%
—Apr 2022WXM.TO vs CGHY.TO
CCCX-B.TO
CI Galaxy Core Multi-Crypto ETF (CAD)Cryptocurrency—
-28.39%
—Aug 2025WXM.TO vs CCCX-B.TO
FLI.TO
CI U.S. & Canada Lifeco Covered Call ETF (Hedged C...Derivative Income
76
15.67%
90.68MAug 2013WXM.TO vs FLI.TO
CDLB.TO
CI DoubleLine Total Return Bond US$ Fund ETF C$ He...Intermediate Core-Plus Bond, Total Bond Market
33
-0.42%
1.22MMay 2020WXM.TO vs CDLB.TO

Often Compared With WXM.TO

Investors most often compare WXM.TO with VDY.TO, XCV.TO, VXM.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.26%
8.59BNov 2012WXM.TO vs VDY.TO
XCV.TO
iShares Canadian Value Index ETFCanada Equities
98
26.94%
250.15MNov 2006WXM.TO vs XCV.TO
VXM.TO
CI Morningstar International Value CAD HedgedInternational Equity
87
11.75%
1.03BNov 2014WXM.TO vs VXM.TO
ATSX.TO
Accelerate Enhanced Canadian Benchmark Alternative...
89
14.83%
4.94M—WXM.TO vs ATSX.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
74
13.40%
258.47MSep 2019WXM.TO vs XQLT.TO
DMEC.TO
Desjardins Canadian Equity Index ETFCanada Equities
88
12.63%
—Apr 2024WXM.TO vs DMEC.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
49
7.40%
6.24BOct 2011WXM.TO vs ZLB.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
26.33%
4.25BApr 2011WXM.TO vs XEI.TO
XCS.TO
iShares S&P/TSX SmallCap Index ETFCanada Equities
62
17.70%
242.62MMay 2007WXM.TO vs XCS.TO
FXM.TO
CI Morningstar Canada Value Index ETFCanada Equities
95
15.01%
486.81MFeb 2012WXM.TO vs FXM.TO
XMV.TO
iShares MSCI Min Vol Canada Index ETFCanada Equities
76
12.17%
392.11MJul 2012WXM.TO vs XMV.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...Canada Equities
98
23.68%
245.61MApr 2016WXM.TO vs HXH.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
21.69%
1.86BOct 2011WXM.TO vs ZDV.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
88
12.46%
16.37BAug 2013WXM.TO vs VCN.TO
IDMO
Invesco S&P International Developed Momentum ETFMomentum, Foreign Large Cap Equities
45
9.24%
3.99BFeb 2012WXM.TO vs IDMO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
89
12.66%
17.34BMay 2009WXM.TO vs ZCN.TO
AVUV
Avantis US Small Cap Value ETFSmall Cap Value Equities
78
22.43%
28.73BSep 2019WXM.TO vs AVUV
TCLV.TO
TD Q Canadian Low Volatility ETFCanada Equities
81
8.37%
121.83MMay 2020WXM.TO vs TCLV.TO
HVOI.TO
Harvest Low Volatility Canadian Equity Income ETF ...Canada Equities
80
10.18%
—Apr 2025WXM.TO vs HVOI.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETFCanada Equities
97
17.51%
103.58MApr 2012WXM.TO vs TLV.TO

Compare WXM.TO with Any Fund or Stock

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

 

Diversifiers

Pair WXM.TO with funds that move differently

CI Morningstar Canada Momentum Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WXM.TO.

Explore WXM.TO Diversifiers