CGLO.TO vs. CIE.NEO
CGLO.TO (CIBC Global Growth ETF) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds. CGLO.TO is actively managed, while CIE.NEO is passively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 15.96%/yr for CIE.NEO. At a 0.50 correlation, their price movements are largely independent.
Performance
CGLO.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than CIE.NEO's 18.56% return.
CGLO.TO
- 1D
- -0.81%
- 1M
- 0.82%
- 6M
- 2.26%
- YTD
- 5.72%
- 1Y
- 9.94%
- 3Y*
- 10.36%
- 5Y*
- 7.12%
- 10Y*
- —
CIE.NEO
- 1D
- 0.13%
- 1M
- -0.59%
- 6M
- 13.24%
- YTD
- 18.56%
- 1Y
- 37.24%
- 3Y*
- 23.77%
- 5Y*
- 15.96%
- 10Y*
- 12.01%
CGLO.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 5.72% | 4.24% | 17.98% | 18.74% | -14.90% | 17.27% | 9.87% |
CIE.NEO iShares International Fundamental Common Class | 18.56% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 13.85% |
Correlation
The correlation between CGLO.TO and CIE.NEO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.50 |
The correlation between CGLO.TO and CIE.NEO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
CGLO.TO vs. CIE.NEO — Risk / Return Rank
CGLO.TO
CIE.NEO
CGLO.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| CGLO.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.49 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.39 | -2.51 |
| Martin ratioReturn relative to average drawdown | 2.57 | 13.70 | -11.13 |
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Drawdowns
CGLO.TO vs. CIE.NEO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and CIE.NEO.
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Drawdown Indicators
| CGLO.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -40.08% | +15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -11.10% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -15.44% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -20.55% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.08% | — |
Current DrawdownCurrent decline from peak | -2.93% | -1.72% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -7.09% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.73% | +1.15% |
Volatility
CGLO.TO vs. CIE.NEO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to iShares International Fundamental Common Class (CIE.NEO) at 3.52%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGLO.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.52% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 12.92% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 15.02% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 14.07% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 18.03% | -3.79% |
Dividends
CGLO.TO vs. CIE.NEO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than CIE.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CIE.NEO iShares International Fundamental Common Class | 2.17% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
Frequently Asked Questions
CGLO.TO and CIE.NEO have a correlation of 0.55, 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: CIBC and iShares.
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