CCOM.TO vs. VXM-B.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO).

CCOM.TO and VXM-B.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCOM.TO is a passively managed fund by CI that tracks the performance of the Auspice Broad Commodity Excess Return Index. It was launched on May 16, 2023. VXM-B.TO is a passively managed fund by CI that tracks the performance of the Morningstar Developed Markets ex-North America Target Value Index. It was launched on Nov 13, 2014. Both CCOM.TO and VXM-B.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CCOM.TO vs. VXM-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO). The values are adjusted to include any dividend payments, if applicable.

CCOM.TO vs. VXM-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units	13.21%	6.96%	5.90%	-2.46%	1.40%
VXM-B.TO CI Morningstar International Value Index ETF (Unhedged)	7.56%	46.74%	18.25%	18.98%	16.38%

Returns By Period

In the year-to-date period, CCOM.TO achieves a 13.21% return, which is significantly higher than VXM-B.TO's 7.56% return.

CCOM.TO

• 1D: -0.05%
• 1M: 5.65%
• YTD: 13.21%
• 6M: 18.01%
• 1Y: 16.26%
• 3Y*: 6.45%
• 5Y*: —
• 10Y*: —

VXM-B.TO

• 1D: 2.88%
• 1M: -5.04%
• YTD: 7.56%
• 6M: 13.35%
• 1Y: 39.53%
• 3Y*: 27.32%
• 5Y*: 17.05%
• 10Y*: 12.14%

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

CCOM.TO vs. VXM-B.TO - Expense Ratio Comparison

CCOM.TO has a 0.73% expense ratio, which is higher than VXM-B.TO's 0.66% expense ratio.

CCOM.TO

CI Auspice Broad Commodity Fund ETF Hedged Units

VXM-B.TO

CI Morningstar International Value Index ETF (Unhedged)

Return for Risk

CCOM.TO vs. VXM-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCOM.TO

CCOM.TO Risk / Return Rank: 79
CCOM.TO Sharpe Ratio Rank: 84
CCOM.TO Sortino Ratio Rank: 82
CCOM.TO Omega Ratio Rank: 83
CCOM.TO Calmar Ratio Rank: 87
CCOM.TO Martin Ratio Rank: 57

VXM-B.TO

VXM-B.TO Risk / Return Rank: 95
VXM-B.TO Sharpe Ratio Rank: 96
VXM-B.TO Sortino Ratio Rank: 95
VXM-B.TO Omega Ratio Rank: 96
VXM-B.TO Calmar Ratio Rank: 95
VXM-B.TO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCOM.TO vs. VXM-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.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.

	CCOM.TO	VXM-B.TO	Difference
Sharpe ratio Return per unit of total volatility	1.68	2.53	-0.85
Sortino ratio Return per unit of downside risk	2.18	3.22	-1.04
Omega ratio Gain probability vs. loss probability	1.33	1.50	-0.17
Calmar ratio Return relative to maximum drawdown	2.73	3.93	-1.21
Martin ratio Return relative to average drawdown	5.68	17.75	-12.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCOM.TO vs. VXM-B.TO - Sharpe Ratio Comparison

The current CCOM.TO Sharpe Ratio is 1.68, which is lower than the VXM-B.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CCOM.TO and VXM-B.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CCOM.TO	VXM-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.53	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.87	-0.01

Correlation

The correlation between CCOM.TO and VXM-B.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CCOM.TO vs. VXM-B.TO - Dividend Comparison

CCOM.TO's dividend yield for the trailing twelve months is around 7.41%, more than VXM-B.TO's 2.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units	7.41%	3.48%	6.99%	4.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXM-B.TO CI Morningstar International Value Index ETF (Unhedged)	2.38%	2.21%	3.97%	3.66%	3.67%	2.05%	2.18%	1.59%	6.77%	1.52%	1.92%	2.16%

Drawdowns

CCOM.TO vs. VXM-B.TO - Drawdown Comparison

The maximum CCOM.TO drawdown since its inception was -9.79%, smaller than the maximum VXM-B.TO drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for CCOM.TO and VXM-B.TO.

Drawdown Indicators

	CCOM.TO	VXM-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-35.51%	+25.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-10.87%	+4.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.51%	—
Current Drawdown Current decline from peak	-1.09%	-5.04%	+3.95%
Average Drawdown Average peak-to-trough decline	-3.03%	-5.99%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.95%	-0.05%

Volatility

CCOM.TO vs. VXM-B.TO - Volatility Comparison

The current volatility for CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) is 3.94%, while CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) has a volatility of 7.15%. This indicates that CCOM.TO experiences smaller price fluctuations and is considered to be less risky than VXM-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCOM.TO	VXM-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	7.15%	-3.21%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	10.21%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	17.35%	-7.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.18%	18.18%	-10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.18%	18.93%	-10.75%