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CGAA.TO vs. CBCX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGAA.TO vs. CBCX.TO

Last updated Jul 1, 2026
See Documentation

CGAA.TO (CI Global Asset Allocation Private Pool) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - CGAA.TO is a Global Allocation fund actively managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). CGAA.TO is actively managed, while CBCX.TO is passively managed. Over the past 3 years, CGAA.TO returned 12.34%/yr vs 46.73%/yr for CBCX.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

CGAA.TO vs. CBCX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Asset Allocation Private Pool (CGAA.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CGAA.TO achieves a 3.81% return, which is significantly lower than CBCX.TO's 6.72% return.

CGAA.TO

1D
0.48%
1M
0.52%
YTD
3.81%
6M
4.01%
1Y
12.82%
3Y*
12.34%
5Y*
7.25%
10Y*
6.25%

CBCX.TO

1D
0.53%
1M
-8.66%
YTD
6.72%
6M
4.92%
1Y
36.52%
3Y*
46.73%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGAA.TO vs. CBCX.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
CGAA.TO
CI Global Asset Allocation Private Pool		3.81%10.61%16.99%9.22%-0.67%
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		6.72%21.63%82.92%108.11%-46.10%

Correlation

The correlation between CGAA.TO and CBCX.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (All Time)
Calculated using the full available price history since May 9, 2022

0.15

The correlation between CGAA.TO and CBCX.TO shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

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CI Global Asset Allocation Private Pool

CI Galaxy Blockchain Index ETF CAD

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CBCX.TO vs. CCOM.TOCBCX.TO vs. VXM-B.TOCBCX.TO vs. NXF.TOCBCX.TO vs. CGXF.TOCBCX.TO vs. SOLX.TOCBCX.TO vs. CMNY.TOCBCX.TO vs. CEQP.TO

Return for Risk

CGAA.TO vs. CBCX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGAA.TO
CGAA.TO Risk / Return Rank: 4141
Overall Rank
CGAA.TO Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
CGAA.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
CGAA.TO Omega Ratio Rank: 4141
Omega Ratio Rank
CGAA.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
CGAA.TO Martin Ratio Rank: 4343
Martin Ratio Rank
CBCX.TO
CBCX.TO Risk / Return Rank: 2020
Overall Rank
CBCX.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
CBCX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CBCX.TO Omega Ratio Rank: 2323
Omega Ratio Rank
CBCX.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
CBCX.TO Martin Ratio Rank: 1515
Martin Ratio Rank
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.

CGAA.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Asset Allocation Private Pool (CGAA.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.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.

CGAA.TOCBCX.TODifference
Sharpe ratioReturn per unit of total volatility
1.23
0.60

+0.63

Sortino ratioReturn per unit of downside risk
1.88
1.23

+0.65

Omega ratioGain probability vs. loss probability

1.24

1.15

+0.09

Calmar ratioReturn relative to maximum drawdown

1.70

0.68

+1.02

Martin ratioReturn relative to average drawdown

6.00

1.20

+4.80

CGAA.TO vs. CBCX.TO - Sharpe Ratio Comparison

The current CGAA.TO Sharpe Ratio is 1.23, which is higher than the CBCX.TO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of CGAA.TO and CBCX.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.

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Drawdowns

CGAA.TO vs. CBCX.TO - Drawdown Comparison

The maximum CGAA.TO drawdown since its inception was -41.34%, smaller than the maximum CBCX.TO drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for CGAA.TO and CBCX.TO.

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Drawdown Indicators

CGAA.TOCBCX.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.34%

-55.21%

+13.87%

Max Drawdown (1Y)

Largest decline over 1 year

-7.59%

-54.19%

+46.60%

Max Drawdown (3Y)

Largest decline over 3 years

-11.64%

-55.21%

+43.57%

Max Drawdown (5Y)

Largest decline over 5 years

-17.23%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-23.56%

—

—

Current Drawdown

Current decline from peak

-0.68%

-35.09%

+34.41%

Average Drawdown

Average peak-to-trough decline

-7.47%

-23.92%

+16.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

30.48%

-28.34%

Volatility

CGAA.TO vs. CBCX.TO - Volatility Comparison

The current volatility for CI Global Asset Allocation Private Pool (CGAA.TO) is 3.43%, while CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a volatility of 17.68%. This indicates that CGAA.TO experiences smaller price fluctuations and is considered to be less risky than CBCX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGAA.TOCBCX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

17.68%

-14.25%

Volatility (6M)

Calculated over the trailing 6-month period

8.48%

42.50%

-34.02%

Volatility (1Y)

Calculated over the trailing 1-year period

10.43%

61.19%

-50.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.62%

62.66%

-51.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.25%

62.66%

-50.41%

Dividends

CGAA.TO vs. CBCX.TO - Dividend Comparison

CGAA.TO's dividend yield for the trailing twelve months is around 1.72%, more than CBCX.TO's 0.03% yield.

PositionTTM20252024202320222021202020192018201720162015
CBCX.TO
CI Galaxy Blockchain Index ETF CAD		0.03%0.14%0.13%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CGAA.TO
CI Global Asset Allocation Private Pool		1.72%1.57%2.00%2.19%2.21%0.91%1.14%2.66%3.74%3.36%3.12%3.20%

Frequently Asked Questions

CGAA.TO and CBCX.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CGAA.TO is categorized as Global Allocation, while CBCX.TO is Blockchain.

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