PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CGI.TO vs. ZCN.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CGI.TO vs. ZCN.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Canadian General Investments, Limited (CGI.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).

ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009.

Performance

CGI.TO vs. ZCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian General Investments, Limited (CGI.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

CGI.TO vs. ZCN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CGI.TO
Canadian General Investments, Limited		-0.08%19.86%19.65%9.56%-24.07%29.40%37.02%32.11%-10.78%26.34%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		3.87%31.51%21.64%11.63%-5.84%25.05%5.69%22.85%-8.84%8.94%

Returns By Period

In the year-to-date period, CGI.TO achieves a -0.08% return, which is significantly lower than ZCN.TO's 3.87% return. Over the past 10 years, CGI.TO has outperformed ZCN.TO with an annualized return of 13.55%, while ZCN.TO has yielded a comparatively lower 12.59% annualized return.

CGI.TO

1D
1.98%
1M
-6.63%
YTD
-0.08%
6M
2.09%
1Y
32.60%
3Y*
15.46%
5Y*
7.90%
10Y*
13.55%

ZCN.TO

1D
2.58%
1M
-4.34%
YTD
3.87%
6M
10.37%
1Y
34.66%
3Y*
21.07%
5Y*
14.77%
10Y*
12.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Canadian General Investments, Limited

BMO S&P/TSX Capped Composite Index ETF

Often compared with CGI.TO:
CGI.TO vs. SPYCGI.TO vs. VEQT.TOCGI.TO vs. RBNK.TOCGI.TO vs. WSP.TOCGI.TO vs. JEPICGI.TO vs. ^GSPCCGI.TO vs. VOO
Often compared with ZCN.TO:
ZCN.TO vs. XIC.TOZCN.TO vs. XIU.TOZCN.TO vs. ZSP.TOZCN.TO vs. VCE.TOZCN.TO vs. VDY.TOZCN.TO vs. XEQT.TOZCN.TO vs. VFV.TO

Return for Risk

CGI.TO vs. ZCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGI.TO
CGI.TO Risk / Return Rank: 8282
Overall Rank
CGI.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CGI.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
CGI.TO Omega Ratio Rank: 8181
Omega Ratio Rank
CGI.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
CGI.TO Martin Ratio Rank: 8585
Martin Ratio Rank
ZCN.TO
ZCN.TO Risk / Return Rank: 9494
Overall Rank
ZCN.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ZCN.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
ZCN.TO Omega Ratio Rank: 9595
Omega Ratio Rank
ZCN.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
ZCN.TO Martin Ratio Rank: 9595
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.

CGI.TO vs. ZCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian General Investments, Limited (CGI.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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.

CGI.TOZCN.TODifference

Sharpe ratio

Return per unit of total volatility

1.50

2.28

-0.78

Sortino ratio

Return per unit of downside risk

2.05

2.88

-0.83

Omega ratio

Gain probability vs. loss probability

1.30

1.45

-0.16

Calmar ratio

Return relative to maximum drawdown

2.21

3.23

-1.02

Martin ratio

Return relative to average drawdown

7.81

14.59

-6.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGI.TO vs. ZCN.TO - Sharpe Ratio Comparison

The current CGI.TO Sharpe Ratio is 1.50, which is lower than the ZCN.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CGI.TO and ZCN.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.

Loading graphics...

Sharpe Ratios by Period

CGI.TOZCN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

2.28

-0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

1.14

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.85

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.66

-0.32

Correlation

The correlation between CGI.TO and ZCN.TO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGI.TO vs. ZCN.TO - Dividend Comparison

CGI.TO's dividend yield for the trailing twelve months is around 2.39%, more than ZCN.TO's 2.16% yield.

TTM20252024202320222021202020192018201720162015
CGI.TO
Canadian General Investments, Limited		2.39%2.29%2.47%2.76%2.82%2.00%2.41%3.05%3.71%3.20%3.91%4.05%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		2.16%2.22%2.78%3.29%3.27%2.74%3.24%3.13%3.16%2.71%2.84%3.33%

Drawdowns

CGI.TO vs. ZCN.TO - Drawdown Comparison

The maximum CGI.TO drawdown since its inception was -72.10%, which is greater than ZCN.TO's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for CGI.TO and ZCN.TO.

Loading graphics...

Drawdown Indicators

CGI.TOZCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-72.10%

-37.18%

-34.92%

Max Drawdown (1Y)

Largest decline over 1 year

-15.07%

-11.02%

-4.05%

Max Drawdown (5Y)

Largest decline over 5 years

-34.33%

-16.25%

-18.08%

Max Drawdown (10Y)

Largest decline over 10 years

-39.49%

-37.18%

-2.31%

Current Drawdown

Current decline from peak

-7.91%

-4.89%

-3.02%

Average Drawdown

Average peak-to-trough decline

-20.43%

-4.80%

-15.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.26%

2.44%

+1.82%

Volatility

CGI.TO vs. ZCN.TO - Volatility Comparison

Canadian General Investments, Limited (CGI.TO) has a higher volatility of 8.05% compared to BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) at 5.93%. This indicates that CGI.TO's price experiences larger fluctuations and is considered to be riskier than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

CGI.TOZCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.05%

5.93%

+2.12%

Volatility (6M)

Calculated over the trailing 6-month period

13.18%

10.88%

+2.30%

Volatility (1Y)

Calculated over the trailing 1-year period

21.83%

15.29%

+6.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.24%

13.02%

+7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.57%

14.96%

+5.61%