CIAI.TO vs. FHI.TO
CIAI.TO (CI Global Artificial Intelligence ETF) and FHI.TO (CI Health Care Giants Covered Call ETF) are both exchange-traded funds - CIAI.TO is a Artificial Intelligence fund actively managed by CI, while FHI.TO is a Derivative Income fund actively managed by CI. Both are actively managed. Over the past year, CIAI.TO returned 31.56% vs 21.85% for FHI.TO. Their -0.11 correlation means they have often moved in opposite directions in the past. CIAI.TO charges 0.50%/yr vs 0.71%/yr for FHI.TO.
Performance
CIAI.TO vs. FHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIAI.TO achieves a 19.72% return, which is significantly higher than FHI.TO's 6.56% return.
CIAI.TO
- 1D
- 2.56%
- 1M
- -4.04%
- 6M
- 17.06%
- YTD
- 19.72%
- 1Y
- 31.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.70%
FHI.TO
- 1D
- -0.18%
- 1M
- 2.27%
- 6M
- 5.85%
- YTD
- 6.56%
- 1Y
- 21.85%
- 3Y*
- 6.41%
- 5Y*
- 5.79%
- 10Y*
- —
- ALL TIME*
- 8.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.13M | CA$1.20M | CA$2.71M | |
| CA$57.94K | CA$52.31K | CA$59.13K |
CIAI.TO vs. FHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CIAI.TO CI Global Artificial Intelligence ETF | 19.72% | 18.84% | 29.92% |
FHI.TO CI Health Care Giants Covered Call ETF | 6.56% | 11.94% | -0.92% |
Correlation
The correlation between CIAI.TO and FHI.TO is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (All Time) Calculated using the full available price history since May 7, 2024 | -0.11 |
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Return for Risk
CIAI.TO vs. FHI.TO — Risk / Return Rank
CIAI.TO
FHI.TO
CIAI.TO vs. FHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Artificial Intelligence ETF (CIAI.TO) and CI Health Care Giants Covered Call ETF (FHI.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.TO | FHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.52 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.79 | 5.86 | -2.07 |
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Drawdowns
CIAI.TO vs. FHI.TO - Drawdown Comparison
The maximum CIAI.TO drawdown since its inception was -31.22%, roughly equal to the maximum FHI.TO drawdown of -29.85%. Use the drawdown chart below to compare losses from any high point for CIAI.TO and FHI.TO.
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Drawdown Indicators
| CIAI.TO | FHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.22% | -29.85% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -8.87% | -10.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.43% | — |
Current DrawdownCurrent decline from peak | -9.81% | -1.76% | -8.05% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -4.42% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 3.80% | +3.40% |
Volatility
CIAI.TO vs. FHI.TO - Volatility Comparison
CI Global Artificial Intelligence ETF (CIAI.TO) has a higher volatility of 10.77% compared to CI Health Care Giants Covered Call ETF (FHI.TO) at 4.63%. This indicates that CIAI.TO's price experiences larger fluctuations and is considered to be riskier than FHI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIAI.TO | FHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 4.63% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 10.12% | +13.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 14.01% | +14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.48% | 14.24% | +15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.48% | 16.54% | +12.94% |
CIAI.TO vs. FHI.TO - Expense Ratio Comparison
CIAI.TO has a 0.50% expense ratio, which is lower than FHI.TO's 0.71% expense ratio.
Dividends
CIAI.TO vs. FHI.TO - Dividend Comparison
CIAI.TO has not paid dividends to shareholders, while FHI.TO's dividend yield for the trailing twelve months is around 7.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
FHI.TO CI Health Care Giants Covered Call ETF | 7.34% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
Frequently Asked Questions
CIAI.TO and FHI.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIAI.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIAI.TO is cheaper with a 0.50% expense ratio, compared with 0.71% for FHI.TO.
CIAI.TO is categorized as Artificial Intelligence, while FHI.TO is Derivative Income. Their fees differ too: 0.50% for CIAI.TO and 0.71% for FHI.TO.
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