CGLO.TO vs. HEQT.TO
CGLO.TO (CIBC Global Growth ETF) and HEQT.TO (Horizons All-Equity Asset Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 12.70%/yr for HEQT.TO. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. HEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than HEQT.TO's 15.01% 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*
- —
HEQT.TO
- 1D
- 0.08%
- 1M
- 0.06%
- 6M
- 10.97%
- YTD
- 15.01%
- 1Y
- 28.87%
- 3Y*
- 21.12%
- 5Y*
- 12.70%
- 10Y*
- —
CGLO.TO vs. HEQT.TO - 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% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 15.01% | 19.82% | 23.83% | 22.29% | -18.95% | 22.54% | 14.84% |
Correlation
The correlation between CGLO.TO and HEQT.TO is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.69 |
The correlation between CGLO.TO and HEQT.TO has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGLO.TO vs. HEQT.TO — Risk / Return Rank
CGLO.TO
HEQT.TO
CGLO.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.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 | HEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.42 | -2.54 |
| Martin ratioReturn relative to average drawdown | 2.57 | 14.73 | -12.16 |
Loading charts...
Drawdowns
CGLO.TO vs. HEQT.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, smaller than the maximum HEQT.TO drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and HEQT.TO.
Loading charts...
Drawdown Indicators
| CGLO.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -31.82% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -8.49% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -15.33% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -24.89% | -0.18% |
Current DrawdownCurrent decline from peak | -2.93% | -1.19% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -5.11% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.96% | +1.92% |
Volatility
CGLO.TO vs. HEQT.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to Horizons All-Equity Asset Allocation ETF (HEQT.TO) at 3.20%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGLO.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.20% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 10.70% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 12.76% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 15.01% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 16.84% | -2.60% |
Dividends
CGLO.TO vs. HEQT.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than HEQT.TO's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% | 0.00% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.62% | 1.70% | 1.67% | 0.84% | 0.03% | 0.02% | 1.40% | 0.22% |
Frequently Asked Questions
CGLO.TO and HEQT.TO have a correlation of 0.72, 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 Horizons.
Find the right allocation for CGLO.TO and HEQT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer