CGLO.TO vs. XMI.TO
CGLO.TO (CIBC Global Growth ETF) and XMI.TO (iShares MSCI Min Vol EAFE Index ETF) are both Global Equities funds. CGLO.TO is actively managed, while XMI.TO is passively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 8.16%/yr for XMI.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
CGLO.TO vs. XMI.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 XMI.TO's 8.30% 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*
- —
XMI.TO
- 1D
- -0.25%
- 1M
- 2.04%
- 6M
- 5.46%
- YTD
- 8.30%
- 1Y
- 14.73%
- 3Y*
- 14.73%
- 5Y*
- 8.16%
- 10Y*
- 6.42%
CGLO.TO vs. XMI.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% |
XMI.TO iShares MSCI Min Vol EAFE Index ETF | 8.30% | 19.69% | 13.51% | 9.32% | -10.50% | 7.01% | 3.21% |
Correlation
The correlation between CGLO.TO and XMI.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.43 |
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Return for Risk
CGLO.TO vs. XMI.TO — Risk / Return Rank
CGLO.TO
XMI.TO
CGLO.TO vs. XMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and iShares MSCI Min Vol EAFE Index ETF (XMI.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 | XMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.42 | -1.55 |
| Martin ratioReturn relative to average drawdown | 2.57 | 6.90 | -4.33 |
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Drawdowns
CGLO.TO vs. XMI.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, which is greater than XMI.TO's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and XMI.TO.
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Drawdown Indicators
| CGLO.TO | XMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -23.08% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -6.12% | -5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -7.97% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -21.18% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.08% | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.90% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.02% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.14% | +1.74% |
Volatility
CGLO.TO vs. XMI.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to iShares MSCI Min Vol EAFE Index ETF (XMI.TO) at 2.34%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than XMI.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 | XMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 2.34% | +2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 8.23% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 10.36% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 9.91% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 11.35% | +2.89% |
Dividends
CGLO.TO vs. XMI.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than XMI.TO's 2.63% 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% |
XMI.TO iShares MSCI Min Vol EAFE Index ETF | 2.63% | 2.69% | 2.64% | 2.56% | 1.98% | 1.93% | 1.16% | 3.74% | 2.93% | 2.07% | 3.29% | 2.02% |
Frequently Asked Questions
CGLO.TO and XMI.TO have a correlation of 0.34, 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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