CGRA.TO vs. HCON.TO
CGRA.TO (CI Global Real Asset Private Pool) and HCON.TO (Global X Conservative Asset Allocation ETF) are both Global Allocation funds. Both are actively managed. Over the past 5 years, CGRA.TO returned 7.84%/yr vs 4.94%/yr for HCON.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
CGRA.TO vs. HCON.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGRA.TO achieves a 15.15% return, which is significantly higher than HCON.TO's 6.13% 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*
- —
HCON.TO
- 1D
- 0.49%
- 1M
- 1.27%
- YTD
- 6.13%
- 6M
- 6.31%
- 1Y
- 12.76%
- 3Y*
- 10.67%
- 5Y*
- 4.94%
- 10Y*
- —
CGRA.TO vs. HCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 15.15% | 7.16% | 10.58% | 6.33% | -9.03% | 20.00% | 6.05% |
HCON.TO Global X Conservative Asset Allocation ETF | 6.13% | 10.11% | 12.67% | 11.58% | -16.79% | 9.57% | 13.33% |
Correlation
The correlation between CGRA.TO and HCON.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.19 |
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Return for Risk
CGRA.TO vs. HCON.TO — Risk / Return Rank
CGRA.TO
HCON.TO
CGRA.TO vs. HCON.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 Global X Conservative Asset Allocation ETF (HCON.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.TO | HCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.38 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.72 | -0.04 |
| Martin ratioReturn relative to average drawdown | 9.91 | 10.34 | -0.43 |
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Drawdowns
CGRA.TO vs. HCON.TO - Drawdown Comparison
The maximum CGRA.TO drawdown since its inception was -16.03%, smaller than the maximum HCON.TO drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for CGRA.TO and HCON.TO.
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Drawdown Indicators
| CGRA.TO | HCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.03% | -22.98% | +6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -4.71% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -6.10% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -20.12% | +4.09% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.31% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.24% | +0.49% |
Volatility
CGRA.TO vs. HCON.TO - Volatility Comparison
CI Global Real Asset Private Pool (CGRA.TO) has a higher volatility of 2.67% compared to Global X Conservative Asset Allocation ETF (HCON.TO) at 2.45%. This indicates that CGRA.TO's price experiences larger fluctuations and is considered to be riskier than HCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGRA.TO | HCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.45% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 5.74% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 6.96% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 8.84% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 11.63% | +0.05% |
Dividends
CGRA.TO vs. HCON.TO - Dividend Comparison
CGRA.TO's dividend yield for the trailing twelve months is around 3.56%, more than HCON.TO's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.56% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% | 0.00% |
HCON.TO Global X Conservative Asset Allocation ETF | 2.71% | 2.83% | 2.60% | 0.95% | 0.02% | 0.09% | 0.78% | 0.03% |
Frequently Asked Questions
CGRA.TO and HCON.TO have a correlation of 0.23, 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: CI and Global X.
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