CGLO.TO vs. XEQT.TO
CGLO.TO (CIBC Global Growth ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both Global Equities funds. Both are actively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 13.59%/yr for XEQT.TO. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. XEQT.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 XEQT.TO's 14.16% 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*
- —
XEQT.TO
- 1D
- 0.24%
- 1M
- 0.34%
- 6M
- 10.11%
- YTD
- 14.16%
- 1Y
- 28.37%
- 3Y*
- 21.71%
- 5Y*
- 13.59%
- 10Y*
- —
CGLO.TO vs. XEQT.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% |
XEQT.TO iShares Core Equity ETF Portfolio | 14.16% | 20.57% | 24.38% | 17.27% | -10.99% | 18.98% | 12.54% |
Correlation
The correlation between CGLO.TO and XEQT.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.72 |
The correlation between CGLO.TO and XEQT.TO has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
CGLO.TO vs. XEQT.TO — Risk / Return Rank
CGLO.TO
XEQT.TO
CGLO.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and iShares Core Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.45 | -2.58 |
| Martin ratioReturn relative to average drawdown | 2.57 | 14.74 | -12.17 |
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Drawdowns
CGLO.TO vs. XEQT.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and XEQT.TO.
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Drawdown Indicators
| CGLO.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -29.74% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -8.25% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -15.08% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -19.55% | -5.52% |
Current DrawdownCurrent decline from peak | -2.93% | -0.97% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.05% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.93% | +1.95% |
Volatility
CGLO.TO vs. XEQT.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.51%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 2.51% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 10.14% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 12.27% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 13.25% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 15.52% | -1.28% |
Dividends
CGLO.TO vs. XEQT.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than XEQT.TO's 1.59% 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% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.59% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
Frequently Asked Questions
CGLO.TO and XEQT.TO have a correlation of 0.71, 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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