CGLO.TO vs. FGEP.TO
CGLO.TO (CIBC Global Growth ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. Both are actively managed. Over the past year, CGLO.TO returned 9.94% vs 29.55% for FGEP.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. FGEP.TO - 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 FGEP.TO's 19.03% 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*
- —
FGEP.TO
- 1D
- 0.46%
- 1M
- 0.52%
- 6M
- 14.17%
- YTD
- 19.03%
- 1Y
- 29.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGLO.TO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 5.72% | 4.24% | 6.44% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 19.03% | 17.44% | 9.88% |
Correlation
The correlation between CGLO.TO and FGEP.TO is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.60 |
The correlation between CGLO.TO and FGEP.TO has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
CGLO.TO vs. FGEP.TO — Risk / Return Rank
CGLO.TO
FGEP.TO
CGLO.TO vs. FGEP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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.
| CGLO.TO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.49 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 4.16 | -3.29 |
| Martin ratioReturn relative to average drawdown | 2.57 | 16.98 | -14.41 |
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Drawdowns
CGLO.TO vs. FGEP.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and FGEP.TO.
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Drawdown Indicators
| CGLO.TO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -14.78% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -7.14% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -1.22% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -1.60% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.74% | +2.14% |
Volatility
CGLO.TO vs. FGEP.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to Fidelity Global Equity+ Fund ETF (FGEP.TO) at 3.39%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than FGEP.TO 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 | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.39% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 9.18% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 11.17% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 12.72% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 12.72% | +1.52% |
Dividends
CGLO.TO vs. FGEP.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGLO.TO and FGEP.TO have a correlation of 0.58, 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 Fidelity.
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