PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CGLO.TO vs. VMO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGLO.TO vs. VMO.TO

Last updated Jul 16, 2026
Documentation

CGLO.TO (CIBC Global Growth ETF) and VMO.TO (Vanguard Global Momentum Factor ETF) are both exchange-traded funds - CGLO.TO is a Global Equities fund actively managed by CIBC, while VMO.TO is a Momentum fund actively managed by Vanguard. Both are actively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 16.67%/yr for VMO.TO. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

CGLO.TO vs. VMO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Global Growth ETF (CGLO.TO) and Vanguard Global Momentum Factor ETF (VMO.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than VMO.TO's 21.88% 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*
—

VMO.TO

1D
-0.87%
1M
-4.88%
6M
12.82%
YTD
21.88%
1Y
36.85%
3Y*
27.28%
5Y*
16.67%
10Y*
14.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGLO.TO vs. VMO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CGLO.TO
CIBC Global Growth ETF		5.72%4.24%17.98%18.74%-14.90%17.27%9.87%
VMO.TO
Vanguard Global Momentum Factor ETF		21.88%21.72%29.69%14.95%-9.07%15.69%16.90%

Correlation

The correlation between CGLO.TO and VMO.TO is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jul 27, 2020

0.58

The correlation between CGLO.TO and VMO.TO has been stable across timeframes, ranging from 0.58 to 0.62 - 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.

CIBC Global Growth ETF

Vanguard Global Momentum Factor ETF

Often compared with VMO.TO:
VMO.TO vs. SPMOVMO.TO vs. XEQT.TOVMO.TO vs. VFV.TOVMO.TO vs. XMTM.TOVMO.TO vs. IDMOVMO.TO vs. VTVMO.TO vs. TEC.TO

Return for Risk

CGLO.TO vs. VMO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGLO.TO
CGLO.TO Risk / Return Rank: 2323
Overall Rank
CGLO.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
CGLO.TO Sortino Ratio Rank: 2323
Sortino Ratio Rank
CGLO.TO Omega Ratio Rank: 2222
Omega Ratio Rank
CGLO.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
CGLO.TO Martin Ratio Rank: 2424
Martin Ratio Rank
VMO.TO
VMO.TO Risk / Return Rank: 7070
Overall Rank
VMO.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
VMO.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
VMO.TO Omega Ratio Rank: 6060
Omega Ratio Rank
VMO.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
VMO.TO Martin Ratio Rank: 8383
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.

CGLO.TO vs. VMO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and Vanguard Global Momentum Factor ETF (VMO.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.TOVMO.TODifference
Sharpe ratioReturn per unit of total volatility
0.73
1.71

-0.98

Sortino ratioReturn per unit of downside risk
1.12
2.25

-1.14

Omega ratioGain probability vs. loss probability

1.13

1.30

-0.16

Calmar ratioReturn relative to maximum drawdown

0.87

3.68

-2.81

Martin ratioReturn relative to average drawdown

2.57

13.11

-10.53

CGLO.TO vs. VMO.TO - Sharpe Ratio Comparison

The current CGLO.TO Sharpe Ratio is 0.73, which is lower than the VMO.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of CGLO.TO and VMO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

CGLO.TO vs. VMO.TO - Drawdown Comparison

The maximum CGLO.TO drawdown since its inception was -25.07%, smaller than the maximum VMO.TO drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and VMO.TO.

Loading charts...

Drawdown Indicators

CGLO.TOVMO.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.07%

-30.53%

+5.46%

Max Drawdown (1Y)

Largest decline over 1 year

-11.46%

-10.07%

-1.39%

Max Drawdown (3Y)

Largest decline over 3 years

-17.51%

-19.72%

+2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-25.07%

-23.26%

-1.81%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.53%

—

Current Drawdown

Current decline from peak

-2.93%

-7.55%

+4.62%

Average Drawdown

Average peak-to-trough decline

-5.38%

-5.20%

-0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.88%

2.82%

+1.06%

Volatility

CGLO.TO vs. VMO.TO - Volatility Comparison

The current volatility for CIBC Global Growth ETF (CGLO.TO) is 5.33%, while Vanguard Global Momentum Factor ETF (VMO.TO) has a volatility of 7.95%. This indicates that CGLO.TO experiences smaller price fluctuations and is considered to be less risky than VMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CGLO.TOVMO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.33%

7.95%

-2.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.45%

18.10%

-6.65%

Volatility (1Y)

Calculated over the trailing 1-year period

13.73%

21.72%

-7.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.52%

18.47%

-3.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.24%

19.12%

-4.88%

Dividends

CGLO.TO vs. VMO.TO - Dividend Comparison

CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than VMO.TO's 0.70% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VMO.TO
Vanguard Global Momentum Factor ETF		0.70%0.85%0.90%1.04%1.67%1.11%0.71%1.71%0.81%1.17%0.51%

Frequently Asked Questions

CGLO.TO and VMO.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CGLO.TO is categorized as Global Equities, while VMO.TO is Momentum. They also come from different issuers: CIBC and Vanguard.

Portfolio Optimizer

Find the right allocation for CGLO.TO and VMO.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