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CGRE.TO vs. NXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGRE.TO vs. NXF.TO

Last updated Jul 1, 2026
See Documentation

CGRE.TO (CI Global REIT Private Pool) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - CGRE.TO is a REIT fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, CGRE.TO returned 4.17%/yr vs 14.15%/yr for NXF.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

CGRE.TO vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global REIT Private Pool (CGRE.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CGRE.TO achieves a 13.75% return, which is significantly lower than NXF.TO's 14.91% return.

CGRE.TO

1D
0.87%
1M
4.58%
YTD
13.75%
6M
13.80%
1Y
14.66%
3Y*
9.63%
5Y*
4.17%
10Y*
—

NXF.TO

1D
-0.50%
1M
-9.01%
YTD
14.91%
6M
14.49%
1Y
23.67%
3Y*
9.39%
5Y*
14.15%
10Y*
6.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGRE.TO vs. NXF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CGRE.TO
CI Global REIT Private Pool		13.75%3.39%4.66%11.66%-23.63%35.03%8.96%
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CAD Hedged)		14.91%9.09%-4.58%6.48%43.93%40.62%2.57%

Correlation

The correlation between CGRE.TO and NXF.TO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.15

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

-0.02

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

0.01

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

0.04

The correlation between CGRE.TO and NXF.TO shifts across timeframes, from -0.15 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

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CI Global REIT Private Pool

CI Energy Giants Covered Call ETF Common Units (CAD Hedged)

Often compared with NXF.TO:
NXF.TO vs. VXM-B.TONXF.TO vs. XEG.TONXF.TO vs. CCOM.TONXF.TO vs. CBCX.TONXF.TO vs. CEQP.TONXF.TO vs. YPLT.NEONXF.TO vs. YAVG.NEO

Return for Risk

CGRE.TO vs. NXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGRE.TO
CGRE.TO Risk / Return Rank: 4444
Overall Rank
CGRE.TO Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
CGRE.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
CGRE.TO Omega Ratio Rank: 5656
Omega Ratio Rank
CGRE.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
CGRE.TO Martin Ratio Rank: 4040
Martin Ratio Rank
NXF.TO
NXF.TO Risk / Return Rank: 3535
Overall Rank
NXF.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
NXF.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
NXF.TO Omega Ratio Rank: 3434
Omega Ratio Rank
NXF.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
NXF.TO Martin Ratio Rank: 3737
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.

CGRE.TO vs. NXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global REIT Private Pool (CGRE.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.

CGRE.TONXF.TODifference
Sharpe ratioReturn per unit of total volatility
1.23
1.20

+0.03

Sortino ratioReturn per unit of downside risk
1.91
1.67

+0.24

Omega ratioGain probability vs. loss probability

1.30

1.21

+0.10

Calmar ratioReturn relative to maximum drawdown

1.77

1.35

+0.41

Martin ratioReturn relative to average drawdown

5.49

5.02

+0.48

CGRE.TO vs. NXF.TO - Sharpe Ratio Comparison

The current CGRE.TO Sharpe Ratio is 1.23, which is comparable to the NXF.TO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of CGRE.TO and NXF.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.

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Drawdowns

CGRE.TO vs. NXF.TO - Drawdown Comparison

The maximum CGRE.TO drawdown since its inception was -28.28%, smaller than the maximum NXF.TO drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for CGRE.TO and NXF.TO.

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Drawdown Indicators

CGRE.TONXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.28%

-65.25%

+36.97%

Max Drawdown (1Y)

Largest decline over 1 year

-8.38%

-17.57%

+9.19%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-24.32%

+10.60%

Max Drawdown (5Y)

Largest decline over 5 years

-28.28%

-24.32%

-3.96%

Max Drawdown (10Y)

Largest decline over 10 years

—

-65.25%

—

Current Drawdown

Current decline from peak

0.00%

-17.57%

+17.57%

Average Drawdown

Average peak-to-trough decline

-9.55%

-15.98%

+6.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

4.73%

-2.05%

Volatility

CGRE.TO vs. NXF.TO - Volatility Comparison

The current volatility for CI Global REIT Private Pool (CGRE.TO) is 3.92%, while CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) has a volatility of 6.34%. This indicates that CGRE.TO experiences smaller price fluctuations and is considered to be less risky than NXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGRE.TONXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

6.34%

-2.42%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

16.35%

-7.03%

Volatility (1Y)

Calculated over the trailing 1-year period

12.02%

19.83%

-7.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.97%

23.41%

-8.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.40%

26.03%

-11.63%

Dividends

CGRE.TO vs. NXF.TO - Dividend Comparison

CGRE.TO's dividend yield for the trailing twelve months is around 4.46%, less than NXF.TO's 8.91% yield.

PositionTTM20252024202320222021202020192018201720162015
CGRE.TO
CI Global REIT Private Pool		4.46%4.95%4.88%4.86%5.16%3.77%2.84%0.00%0.00%0.00%0.00%0.00%
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CAD Hedged)		8.91%7.70%8.50%8.60%11.22%9.46%11.24%7.83%9.39%6.49%8.24%8.21%

Frequently Asked Questions

CGRE.TO and NXF.TO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CGRE.TO is categorized as REIT, while NXF.TO is Energy Equities.

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