CGAA.TO vs. FCGI.TO
CGAA.TO (CI Global Asset Allocation Private Pool) and FCGI.TO (Fidelity Global Monthly High Income ETF) are both Global Allocation funds. Both are actively managed. Over the past 5 years, CGAA.TO returned 7.25%/yr vs 8.88%/yr for FCGI.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
CGAA.TO vs. FCGI.TO - Performance Comparison
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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 FCGI.TO's 8.54% 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%
FCGI.TO
- 1D
- 0.12%
- 1M
- 0.62%
- YTD
- 8.54%
- 6M
- 8.26%
- 1Y
- 19.25%
- 3Y*
- 13.63%
- 5Y*
- 8.88%
- 10Y*
- —
CGAA.TO vs. FCGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGAA.TO CI Global Asset Allocation Private Pool | 3.81% | 10.61% | 16.99% | 9.22% | -11.13% | 15.14% | 10.52% |
FCGI.TO Fidelity Global Monthly High Income ETF | 8.54% | 13.21% | 13.10% | 9.65% | -5.30% | 14.00% | -49.72% |
Correlation
The correlation between CGAA.TO and FCGI.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.17 |
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Return for Risk
CGAA.TO vs. FCGI.TO — Risk / Return Rank
CGAA.TO
FCGI.TO
CGAA.TO vs. FCGI.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 Fidelity Global Monthly High Income ETF (FCGI.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.TO | FCGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.74 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 5.10 | -3.40 |
| Martin ratioReturn relative to average drawdown | 6.00 | 19.28 | -13.27 |
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Drawdowns
CGAA.TO vs. FCGI.TO - Drawdown Comparison
The maximum CGAA.TO drawdown since its inception was -41.34%, smaller than the maximum FCGI.TO drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for CGAA.TO and FCGI.TO.
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Drawdown Indicators
| CGAA.TO | FCGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -63.41% | +22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -3.79% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -9.45% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.23% | -11.16% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -17.58% | +16.90% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -40.70% | +33.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.00% | +1.14% |
Volatility
CGAA.TO vs. FCGI.TO - Volatility Comparison
CI Global Asset Allocation Private Pool (CGAA.TO) has a higher volatility of 3.43% compared to Fidelity Global Monthly High Income ETF (FCGI.TO) at 1.81%. This indicates that CGAA.TO's price experiences larger fluctuations and is considered to be riskier than FCGI.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.TO | FCGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.81% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 5.58% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 6.97% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 8.54% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.25% | 22.20% | -9.95% |
Dividends
CGAA.TO vs. FCGI.TO - Dividend Comparison
CGAA.TO's dividend yield for the trailing twelve months is around 1.72%, less than FCGI.TO's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FCGI.TO Fidelity Global Monthly High Income ETF | 3.08% | 3.25% | 3.21% | 3.50% | 3.71% | 2.62% | 5.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGAA.TO and FCGI.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Fidelity.
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