CEQP.TO vs. NXF.TO

Last updated Jun 4, 2026

CEQP.TO (CI Equity+ Asset Allocation ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - CEQP.TO is a Diversified Portfolio fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. At a correlation of -0.18, they often move in opposite directions.

Performance

CEQP.TO vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Equity+ Asset Allocation ETF (CEQP.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEQP.TO

• 1D: 0.19%
• 1M: 4.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NXF.TO

• 1D: 1.17%
• 1M: -2.11%
• YTD: 32.43%
• 6M: 29.37%
• 1Y: 45.90%
• 3Y*: 15.64%
• 5Y*: 17.39%
• 10Y*: 8.23%

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

CEQP.TO vs. NXF.TO - Yearly Performance Comparison

	2026 (YTD)
CEQP.TO CI Equity+ Asset Allocation ETF	7.21%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	21.02%

Correlation

The correlation between CEQP.TO and NXF.TO is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026	-0.18

Return for Risk

CEQP.TO vs. NXF.TO — Risk / Return Rank

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

NXF.TO

NXF.TO Risk / Return Rank: 73
NXF.TO Sharpe Ratio Rank: 73
NXF.TO Sortino Ratio Rank: 66
NXF.TO Omega Ratio Rank: 64
NXF.TO Calmar Ratio Rank: 87
NXF.TO Martin Ratio Rank: 74

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.

CEQP.TO vs. NXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Equity+ Asset Allocation ETF (CEQP.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CEQP.TO	NXF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.22	+1.15

Drawdowns

CEQP.TO vs. NXF.TO - Drawdown Comparison

The maximum CEQP.TO drawdown since its inception was -8.33%, smaller than the maximum NXF.TO drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for CEQP.TO and NXF.TO.

Drawdown Indicators

	CEQP.TO	NXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.33%	-65.25%	+56.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.25%	—
Current Drawdown Current decline from peak	0.00%	-5.01%	+5.01%
Average Drawdown Average peak-to-trough decline	-1.89%	-16.04%	+14.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.30%	—

Volatility

Volatility by Period

	CEQP.TO	NXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	19.57%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	23.39%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	26.16%	-9.76%

Dividends

CEQP.TO vs. NXF.TO - Dividend Comparison

CEQP.TO's dividend yield for the trailing twelve months is around 0.01%, less than NXF.TO's 8.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEQP.TO CI Equity+ Asset Allocation ETF	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	8.04%	7.70%	8.50%	8.60%	11.22%	9.48%	11.23%	7.83%	9.38%	6.50%	8.24%	8.05%

Frequently Asked Questions

Can I hold both CEQP.TO and NXF.TO in my portfolio?

CEQP.TO and NXF.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CEQP.TO and NXF.TO?

CEQP.TO is categorized as Diversified Portfolio, while NXF.TO is Energy Equities.