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CGXF.TO vs. CIC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CGXF.TO vs. CIC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Gold+ Giants Covered Call ETF Common (CGXF.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO).

CGXF.TO and CIC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGXF.TO is an actively managed fund by CI. It was launched on Mar 3, 2022. CIC.TO is an actively managed fund by CI. It was launched on Aug 18, 2010.

Performance

CGXF.TO vs. CIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Gold+ Giants Covered Call ETF Common (CGXF.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		6.89%114.19%11.88%1.43%1.89%-6.21%15.23%20.53%-18.76%5.51%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		1.51%36.24%21.30%6.58%-10.99%33.76%1.89%14.12%-8.88%12.14%

Returns By Period

In the year-to-date period, CGXF.TO achieves a 6.89% return, which is significantly higher than CIC.TO's 1.51% return. Over the past 10 years, CGXF.TO has outperformed CIC.TO with an annualized return of 13.49%, while CIC.TO has yielded a comparatively lower 11.85% annualized return.

CGXF.TO

1D
6.44%
1M
-17.38%
YTD
6.89%
6M
18.28%
1Y
70.32%
3Y*
34.03%
5Y*
21.17%
10Y*
13.49%

CIC.TO

1D
1.51%
1M
-3.47%
YTD
1.51%
6M
12.87%
1Y
42.80%
3Y*
21.09%
5Y*
13.42%
10Y*
11.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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CI Gold+ Giants Covered Call ETF Common

CI Canadian Banks Covered Call Income Class ETF

Often compared with CGXF.TO:
CGXF.TO vs. CCOM.TOCGXF.TO vs. HGGG.TOCGXF.TO vs. CMNY.TOCGXF.TO vs. VXM-B.TOCGXF.TO vs. CGL.TOCGXF.TO vs. GDMNCGXF.TO vs. SBT.TO
Often compared with CIC.TO:
CIC.TO vs. CCOM.TOCIC.TO vs. ZEB.TOCIC.TO vs. CMNY.TOCIC.TO vs. FMAX.TOCIC.TO vs. VXM-B.TOCIC.TO vs. SIXY.TOCIC.TO vs. CEW.TO

CGXF.TO vs. CIC.TO - Expense Ratio Comparison

CGXF.TO has a 1.08% expense ratio, which is higher than CIC.TO's 0.87% expense ratio.

CGXF.TO
CI Gold+ Giants Covered Call ETF Common
CIC.TO
CI Canadian Banks Covered Call Income Class ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGXF.TO
CGXF.TO Risk / Return Rank: 8383
Overall Rank
CGXF.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CGXF.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
CGXF.TO Omega Ratio Rank: 8080
Omega Ratio Rank
CGXF.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
CGXF.TO Martin Ratio Rank: 8383
Martin Ratio Rank
CIC.TO
CIC.TO Risk / Return Rank: 9898
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: 9797
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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Gold+ Giants Covered Call ETF Common (CGXF.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.

CGXF.TOCIC.TODifference

Sharpe ratio

Return per unit of total volatility

1.78

3.45

-1.67

Sortino ratio

Return per unit of downside risk

2.14

4.45

-2.31

Omega ratio

Gain probability vs. loss probability

1.32

1.71

-0.39

Calmar ratio

Return relative to maximum drawdown

2.64

5.28

-2.63

Martin ratio

Return relative to average drawdown

9.78

22.30

-12.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CGXF.TO Sharpe Ratio is 1.78, which is lower than the CIC.TO Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of CGXF.TO and CIC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CGXF.TOCIC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

3.45

-1.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

1.08

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.73

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

0.64

-0.59

Correlation

The correlation between CGXF.TO and CIC.TO is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CGXF.TO vs. CIC.TO - Dividend Comparison

CGXF.TO's dividend yield for the trailing twelve months is around 9.53%, more than CIC.TO's 5.85% yield.

TTM20252024202320222021202020192018201720162015
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		9.53%7.43%8.09%8.92%8.54%8.59%11.01%6.69%7.97%6.99%10.68%11.75%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		5.85%5.72%6.71%7.37%7.64%5.48%9.56%6.16%6.61%5.68%6.72%7.31%

Drawdowns

CGXF.TO vs. CIC.TO - Drawdown Comparison

The maximum CGXF.TO drawdown since its inception was -88.66%, which is greater than CIC.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for CGXF.TO and CIC.TO.

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Drawdown Indicators

CGXF.TOCIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-88.66%

-38.55%

-50.11%

Max Drawdown (1Y)

Largest decline over 1 year

-27.39%

-8.23%

-19.16%

Max Drawdown (5Y)

Largest decline over 5 years

-37.19%

-26.34%

-10.85%

Max Drawdown (10Y)

Largest decline over 10 years

-39.68%

-38.55%

-1.13%

Current Drawdown

Current decline from peak

-17.38%

-5.35%

-12.03%

Average Drawdown

Average peak-to-trough decline

-30.85%

-5.54%

-25.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.40%

1.95%

+5.45%

Volatility

CGXF.TO vs. CIC.TO - Volatility Comparison

CI Gold+ Giants Covered Call ETF Common (CGXF.TO) has a higher volatility of 16.05% compared to CI Canadian Banks Covered Call Income Class ETF (CIC.TO) at 5.39%. This indicates that CGXF.TO's price experiences larger fluctuations and is considered to be riskier than CIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGXF.TOCIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.05%

5.39%

+10.66%

Volatility (6M)

Calculated over the trailing 6-month period

32.80%

9.06%

+23.74%

Volatility (1Y)

Calculated over the trailing 1-year period

39.76%

12.48%

+27.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.17%

12.56%

+17.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.09%

16.26%

+13.83%