PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CIAI.TO vs. FDN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIAI.TO vs. FDN.TO

Last updated Jul 18, 2026
Documentation

CIAI.TO (CI Global Artificial Intelligence ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds. CIAI.TO is actively managed, while FDN.TO is passively managed. Over the past year, CIAI.TO returned 33.36% vs 6.66% for FDN.TO. At a 0.46 correlation, their price movements are largely independent.

Performance

CIAI.TO vs. FDN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Artificial Intelligence ETF (CIAI.TO) and First Trust Dow Jones Internet ETF (FDN.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CIAI.TO achieves a 19.44% return, which is significantly higher than FDN.TO's 4.51% return.

CIAI.TO

1D
-1.54%
1M
-6.40%
6M
13.47%
YTD
19.44%
1Y
33.36%
3Y*
—
5Y*
—
10Y*
—

FDN.TO

1D
0.35%
1M
2.40%
6M
5.35%
YTD
4.51%
1Y
6.66%
3Y*
19.77%
5Y*
4.92%
10Y*
3.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIAI.TO vs. FDN.TO - Yearly Performance Comparison

2026 (YTD)20252024
CIAI.TO
CI Global Artificial Intelligence ETF		19.44%18.84%29.92%
FDN.TO
First Trust Dow Jones Internet ETF		4.51%5.45%26.48%

Correlation

The correlation between CIAI.TO and FDN.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

Correlation (All Time)
Calculated using the full available price history since May 7, 2024

0.46

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 Artificial Intelligence ETF

First Trust Dow Jones Internet ETF

Often compared with CIAI.TO:
CIAI.TO vs. AIGO.TOCIAI.TO vs. CHPS.TOCIAI.TO vs. TEC.TOCIAI.TO vs. CHPS-U.TOCIAI.TO vs. AIQCIAI.TO vs. INAI.TOCIAI.TO vs. MTRX.TO
Often compared with FDN.TO:
FDN.TO vs. ETP.TOFDN.TO vs. FHG.TOFDN.TO vs. FHH.TOFDN.TO vs. FHQ.TOFDN.TO vs. FINT.TOFDN.TO vs. FST.TOFDN.TO vs. TLF.TO

Return for Risk

CIAI.TO vs. FDN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CIAI.TO
CIAI.TO Risk / Return Rank: 4141
Overall Rank
CIAI.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
CIAI.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
CIAI.TO Omega Ratio Rank: 4040
Omega Ratio Rank
CIAI.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
CIAI.TO Martin Ratio Rank: 3939
Martin Ratio Rank
FDN.TO
FDN.TO Risk / Return Rank: 1414
Overall Rank
FDN.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
FDN.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
FDN.TO Omega Ratio Rank: 1515
Omega Ratio Rank
FDN.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
FDN.TO Martin Ratio Rank: 1313
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.

CIAI.TO vs. FDN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Artificial Intelligence ETF (CIAI.TO) and First Trust Dow Jones Internet ETF (FDN.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.

CIAI.TOFDN.TODifference
Sharpe ratioReturn per unit of total volatility
1.23
0.33

+0.91

Sortino ratioReturn per unit of downside risk
1.67
0.58

+1.09

Omega ratioGain probability vs. loss probability

1.22

1.08

+0.14

Calmar ratioReturn relative to maximum drawdown

1.77

0.30

+1.47

Martin ratioReturn relative to average drawdown

4.87

0.68

+4.19

CIAI.TO vs. FDN.TO - Sharpe Ratio Comparison

The current CIAI.TO Sharpe Ratio is 1.23, which is higher than the FDN.TO Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of CIAI.TO and FDN.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

CIAI.TO vs. FDN.TO - Drawdown Comparison

The maximum CIAI.TO drawdown since its inception was -31.22%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for CIAI.TO and FDN.TO.

Loading charts...

Drawdown Indicators

CIAI.TOFDN.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.22%

-50.44%

+19.22%

Max Drawdown (1Y)

Largest decline over 1 year

-18.93%

-21.40%

+2.47%

Max Drawdown (3Y)

Largest decline over 3 years

—

-26.31%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-50.44%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.44%

—

Current Drawdown

Current decline from peak

-10.02%

-3.22%

-6.80%

Average Drawdown

Average peak-to-trough decline

-6.43%

-10.74%

+4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.87%

9.44%

-2.57%

Volatility

CIAI.TO vs. FDN.TO - Volatility Comparison

CI Global Artificial Intelligence ETF (CIAI.TO) has a higher volatility of 10.63% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.14%. This indicates that CIAI.TO's price experiences larger fluctuations and is considered to be riskier than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CIAI.TOFDN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.63%

5.14%

+5.49%

Volatility (6M)

Calculated over the trailing 6-month period

22.08%

16.42%

+5.66%

Volatility (1Y)

Calculated over the trailing 1-year period

27.21%

19.77%

+7.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.17%

26.12%

+3.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.17%

21.15%

+8.02%

Dividends

CIAI.TO vs. FDN.TO - Dividend Comparison

Neither CIAI.TO nor FDN.TO has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CIAI.TO
CI Global Artificial Intelligence ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FDN.TO
First Trust Dow Jones Internet ETF		0.00%0.00%0.00%0.00%0.00%1.65%5.69%1.47%1.40%1.76%1.51%1.50%

Frequently Asked Questions

CIAI.TO and FDN.TO have a correlation of 0.40, 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 Investments and First Trust.

Portfolio Optimizer

Find the right allocation for CIAI.TO and FDN.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