CGRA.TO vs. ZGRO.TO
CGRA.TO (CI Global Real Asset Private Pool) and ZGRO.TO (BMO Growth ETF) are both Global Allocation funds. Both are actively managed. Over the past 5 years, CGRA.TO returned 7.84%/yr vs 15.49%/yr for ZGRO.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
CGRA.TO vs. ZGRO.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 ZGRO.TO's 11.94% 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*
- —
ZGRO.TO
- 1D
- 0.26%
- 1M
- 1.75%
- YTD
- 11.94%
- 6M
- 11.56%
- 1Y
- 24.30%
- 3Y*
- 22.03%
- 5Y*
- 15.49%
- 10Y*
- —
CGRA.TO vs. ZGRO.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% |
ZGRO.TO BMO Growth ETF | 11.94% | 18.65% | 25.70% | 20.36% | -5.92% | 20.50% | 20.01% |
Correlation
The correlation between CGRA.TO and ZGRO.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.20 |
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Return for Risk
CGRA.TO vs. ZGRO.TO — Risk / Return Rank
CGRA.TO
ZGRO.TO
CGRA.TO vs. ZGRO.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 BMO Growth ETF (ZGRO.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 | ZGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.39 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.55 | -0.88 |
| Martin ratioReturn relative to average drawdown | 9.91 | 13.76 | -3.85 |
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Drawdowns
CGRA.TO vs. ZGRO.TO - Drawdown Comparison
The maximum CGRA.TO drawdown since its inception was -16.03%, smaller than the maximum ZGRO.TO drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for CGRA.TO and ZGRO.TO.
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Drawdown Indicators
| CGRA.TO | ZGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.03% | -24.67% | +8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -6.87% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -11.60% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -16.21% | +0.18% |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -2.49% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.77% | -0.04% |
Volatility
CGRA.TO vs. ZGRO.TO - Volatility Comparison
The current volatility for CI Global Real Asset Private Pool (CGRA.TO) is 2.67%, while BMO Growth ETF (ZGRO.TO) has a volatility of 5.08%. This indicates that CGRA.TO experiences smaller price fluctuations and is considered to be less risky than ZGRO.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 | ZGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 5.08% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 9.92% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 11.74% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 11.17% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 13.18% | -1.50% |
Dividends
CGRA.TO vs. ZGRO.TO - Dividend Comparison
CGRA.TO's dividend yield for the trailing twelve months is around 3.56%, more than ZGRO.TO's 1.43% 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% |
ZGRO.TO BMO Growth ETF | 1.43% | 3.38% | 5.76% | 6.81% | 7.63% | 6.65% | 7.47% | 6.95% |
Frequently Asked Questions
CGRA.TO and ZGRO.TO have a correlation of 0.21, 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 BMO.
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