CAPM.TO vs. CMDO.TO

Last updated Aug 4, 2026

CAPM.TO (Capital Group Multi-Sector Income Select ETF (Canada)) and CMDO.TO (CI Alternative Diversified Opportunities Fund) are both exchange-traded funds - CAPM.TO is a Multisector Bonds fund actively managed by Capital Group, while CMDO.TO is a Nontraditional Bonds fund actively managed by CI. Both are actively managed. Over the past year, CAPM.TO returned 2.41% vs 4.53% for CMDO.TO. Their 0.34 correlation means their historical movements had little consistent relationship. CAPM.TO charges 0.42%/yr vs 1.32%/yr for CMDO.TO.

Performance

CAPM.TO vs. CMDO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Capital Group Multi-Sector Income Select ETF (Canada) (CAPM.TO) and CI Alternative Diversified Opportunities Fund (CMDO.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPM.TO achieves a -0.07% return, which is significantly lower than CMDO.TO's 2.10% return.

CAPM.TO

• 1D: -0.14%
• 1M: -1.01%
• 6M: -0.27%
• YTD: -0.07%
• 1Y: 2.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.71%

CMDO.TO

• 1D: 0.00%
• 1M: -0.33%
• 6M: 0.97%
• YTD: 2.10%
• 1Y: 4.53%
• 3Y*: 5.87%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAPM.TO Capital Group Multi-Sector Income Select ETF (Canada)	CA$350.96K	CA$289.20K	CA$368.04K
CMDO.TO CI Alternative Diversified Opportunities Fund	CA$18.80K	CA$23.83K	CA$26.35K

CAPM.TO vs. CMDO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CAPM.TO Capital Group Multi-Sector Income Select ETF (Canada)	-0.07%	6.74%	-0.02%
CMDO.TO CI Alternative Diversified Opportunities Fund	2.10%	7.40%	0.63%

Correlation

The correlation between CAPM.TO and CMDO.TO is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.34

Return for Risk

CAPM.TO vs. CMDO.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CAPM.TO

CAPM.TO Risk / Return Rank: 32
CAPM.TO Sharpe Ratio Rank: 33
CAPM.TO Sortino Ratio Rank: 31
CAPM.TO Omega Ratio Rank: 32
CAPM.TO Calmar Ratio Rank: 29
CAPM.TO Martin Ratio Rank: 36

CMDO.TO

CMDO.TO Risk / Return Rank: 63
CMDO.TO Sharpe Ratio Rank: 52
CMDO.TO Sortino Ratio Rank: 53
CMDO.TO Omega Ratio Rank: 54
CMDO.TO Calmar Ratio Rank: 78
CMDO.TO Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CAPM.TO vs. CMDO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Multi-Sector Income Select ETF (Canada) (CAPM.TO) and CI Alternative Diversified Opportunities Fund (CMDO.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CAPM.TO	CMDO.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.38	-0.52
Sortino ratio: Return per unit of downside risk	1.24	2.02	-0.78
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.10
Calmar ratio: Return relative to maximum drawdown	1.00	3.03	-2.03
Martin ratio: Return relative to average drawdown	3.79	11.43	-7.63

CAPM.TO vs. CMDO.TO - Sharpe Ratio Comparison

The current CAPM.TO Sharpe Ratio is 0.86, which is lower than the CMDO.TO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of CAPM.TO and CMDO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAPM.TO vs. CMDO.TO - Drawdown Comparison

The maximum CAPM.TO drawdown since its inception was -4.18%, smaller than the maximum CMDO.TO drawdown of -6.85%. Use the drawdown chart below to compare losses from any high point for CAPM.TO and CMDO.TO.

Drawdown Indicators

	CAPM.TO	CMDO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.18%	-6.85%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.50%	-1.54%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.41%	—
Current Drawdown Current decline from peak	-1.24%	-0.62%	-0.62%
Average Drawdown Average peak-to-trough decline	-0.60%	-1.46%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.41%	+0.25%

Volatility

CAPM.TO vs. CMDO.TO - Volatility Comparison

The current volatility for Capital Group Multi-Sector Income Select ETF (Canada) (CAPM.TO) is 0.58%, while CI Alternative Diversified Opportunities Fund (CMDO.TO) has a volatility of 0.93%. This indicates that CAPM.TO experiences smaller price fluctuations and is considered to be less risky than CMDO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPM.TO	CMDO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	0.93%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	2.15%	2.69%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	3.38%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	6.04%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	6.04%	-2.71%

CAPM.TO vs. CMDO.TO - Expense Ratio Comparison

CAPM.TO has a 0.42% expense ratio, which is lower than CMDO.TO's 1.32% expense ratio.

Dividends

CAPM.TO vs. CMDO.TO - Dividend Comparison

CAPM.TO's dividend yield for the trailing twelve months is around 5.73%, more than CMDO.TO's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021
CAPM.TO Capital Group Multi-Sector Income Select ETF (Canada)	5.73%	5.35%	1.04%	0.00%	0.00%	0.00%
CMDO.TO CI Alternative Diversified Opportunities Fund	3.85%	3.84%	3.97%	3.96%	2.15%	1.00%

Frequently Asked Questions

Can I hold both CAPM.TO and CMDO.TO in my portfolio?

CAPM.TO and CMDO.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPM.TO or CMDO.TO?

On fees, CAPM.TO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAPM.TO or CMDO.TO?

CAPM.TO is cheaper with a 0.42% expense ratio, compared with 1.32% for CMDO.TO.

What is the main difference between CAPM.TO and CMDO.TO?

CAPM.TO is categorized as Multisector Bonds, while CMDO.TO is Nontraditional Bonds. They also come from different issuers: Capital Group and CI. Their fees differ too: 0.42% for CAPM.TO and 1.32% for CMDO.TO.