PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CGRA.TO vs. CIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGRA.TO vs. CIC.TO

Last updated Jul 1, 2026
See Documentation

CGRA.TO (CI Global Real Asset Private Pool) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both exchange-traded funds - CGRA.TO is a Global Allocation fund actively managed by CI, while CIC.TO is a Financials Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, CGRA.TO returned 7.84%/yr vs 16.38%/yr for CIC.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

CGRA.TO vs. CIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Real Asset Private Pool (CGRA.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CGRA.TO achieves a 15.15% return, which is significantly lower than CIC.TO's 26.10% return.

CGRA.TO

1D
0.00%
1M
3.45%
YTD
15.15%
6M
15.15%
1Y
17.05%
3Y*
13.99%
5Y*
7.84%
10Y*
—

CIC.TO

1D
0.64%
1M
9.33%
YTD
26.10%
6M
25.61%
1Y
57.81%
3Y*
29.54%
5Y*
16.38%
10Y*
13.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGRA.TO vs. CIC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CGRA.TO
CI Global Real Asset Private Pool		15.15%7.16%10.58%6.33%-9.03%20.00%6.05%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		26.10%35.32%21.30%6.58%-10.99%33.76%30.53%

Correlation

The correlation between CGRA.TO and CIC.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

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

0.15

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

0.17

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.14

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Global Real Asset Private Pool

CI Canadian Banks Covered Call Income Class ETF

Often compared with CIC.TO:
CIC.TO vs. HEB.TOCIC.TO vs. FMAX.TOCIC.TO vs. CCOM.TOCIC.TO vs. ZEB.TOCIC.TO vs. CMNY.TOCIC.TO vs. ZWB.TOCIC.TO vs. VXM-B.TO

Return for Risk

CGRA.TO vs. CIC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGRA.TO
CGRA.TO Risk / Return Rank: 7676
Overall Rank
CGRA.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
CGRA.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
CGRA.TO Omega Ratio Rank: 9696
Omega Ratio Rank
CGRA.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
CGRA.TO Martin Ratio Rank: 6464
Martin Ratio Rank
CIC.TO
CIC.TO Risk / Return Rank: 9797
Overall Rank
CIC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CIC.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CIC.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CIC.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
CIC.TO Martin Ratio Rank: 9797
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.

CGRA.TO vs. CIC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Real Asset Private Pool (CGRA.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.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.

CGRA.TOCIC.TODifference
Sharpe ratioReturn per unit of total volatility
2.04
5.09

-3.05

Sortino ratioReturn per unit of downside risk
3.19
6.94

-3.75

Omega ratioGain probability vs. loss probability

1.70

1.97

-0.28

Calmar ratioReturn relative to maximum drawdown

2.68

7.06

-4.38

Martin ratioReturn relative to average drawdown

9.91

33.08

-23.17

CGRA.TO vs. CIC.TO - Sharpe Ratio Comparison

The current CGRA.TO Sharpe Ratio is 2.04, which is lower than the CIC.TO Sharpe Ratio of 5.09. The chart below compares the historical Sharpe Ratios of CGRA.TO and CIC.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

CGRA.TO vs. CIC.TO - Drawdown Comparison

The maximum CGRA.TO drawdown since its inception was -16.03%, smaller than the maximum CIC.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for CGRA.TO and CIC.TO.

Loading charts...

Drawdown Indicators

CGRA.TOCIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.03%

-38.55%

+22.52%

Max Drawdown (1Y)

Largest decline over 1 year

-6.43%

-8.23%

+1.80%

Max Drawdown (3Y)

Largest decline over 3 years

-7.89%

-14.32%

+6.43%

Max Drawdown (5Y)

Largest decline over 5 years

-16.03%

-26.34%

+10.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.55%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.83%

-5.47%

+1.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

1.75%

-0.02%

Volatility

CGRA.TO vs. CIC.TO - Volatility Comparison

CI Global Real Asset Private Pool (CGRA.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO) have volatilities of 2.67% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CGRA.TOCIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.67%

2.60%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

9.90%

-2.76%

Volatility (1Y)

Calculated over the trailing 1-year period

8.43%

11.44%

-3.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.12%

12.80%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.68%

16.26%

-4.58%

Dividends

CGRA.TO vs. CIC.TO - Dividend Comparison

CGRA.TO's dividend yield for the trailing twelve months is around 3.56%, less than CIC.TO's 4.94% yield.

PositionTTM20252024202320222021202020192018201720162015
CGRA.TO
CI Global Real Asset Private Pool		3.56%4.02%4.14%4.39%4.46%3.89%2.61%0.00%0.00%0.00%0.00%0.00%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		4.94%5.17%6.71%7.37%7.64%5.48%9.56%6.16%6.61%5.68%6.72%7.31%

Frequently Asked Questions

CGRA.TO and CIC.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CGRA.TO is categorized as Global Allocation, while CIC.TO is Financials Equities.

Portfolio Optimizer

Find the right allocation for CGRA.TO and CIC.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