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CIAI.TO vs. FHQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIAI.TO vs. FHQ.TO

Last updated Jul 18, 2026
Documentation

CIAI.TO (CI Global Artificial Intelligence ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds. CIAI.TO is actively managed, while FHQ.TO is passively managed. Over the past year, CIAI.TO returned 33.36% vs 26.36% for FHQ.TO. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

CIAI.TO vs. FHQ.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 AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with CIAI.TO having a 19.44% return and FHQ.TO slightly lower at 18.48%.

CIAI.TO

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

FHQ.TO

1D
-0.81%
1M
-8.00%
6M
13.04%
YTD
18.48%
1Y
26.36%
3Y*
19.74%
5Y*
12.10%
10Y*
18.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
CIAI.TO
CI Global Artificial Intelligence ETF		19.44%18.84%29.92%
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		18.48%8.42%20.17%

Correlation

The correlation between CIAI.TO and FHQ.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.61

The correlation between CIAI.TO and FHQ.TO has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

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 AlphaDEX U.S. Technology Sector Index 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 FHQ.TO:
FHQ.TO vs. ETP.TOFHQ.TO vs. FDN.TOFHQ.TO vs. FHG.TOFHQ.TO vs. FHH.TOFHQ.TO vs. FINT.TOFHQ.TO vs. FST.TOFHQ.TO vs. TLF.TO

Return for Risk

CIAI.TO vs. FHQ.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
FHQ.TO
FHQ.TO Risk / Return Rank: 4141
Overall Rank
FHQ.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
FHQ.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
FHQ.TO Omega Ratio Rank: 3939
Omega Ratio Rank
FHQ.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
FHQ.TO Martin Ratio Rank: 4242
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. FHQ.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 AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.TOFHQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.23
1.04

+0.20

Sortino ratioReturn per unit of downside risk
1.67
1.53

+0.14

Omega ratioGain probability vs. loss probability

1.22

1.20

+0.02

Calmar ratioReturn relative to maximum drawdown

1.77

1.87

-0.10

Martin ratioReturn relative to average drawdown

4.87

5.06

-0.19

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

The current CIAI.TO Sharpe Ratio is 1.23, which is comparable to the FHQ.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of CIAI.TO and FHQ.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

CIAI.TO vs. FHQ.TO - Drawdown Comparison

The maximum CIAI.TO drawdown since its inception was -31.22%, roughly equal to the maximum FHQ.TO drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for CIAI.TO and FHQ.TO.

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Drawdown Indicators

CIAI.TOFHQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.22%

-32.05%

+0.83%

Max Drawdown (1Y)

Largest decline over 1 year

-18.93%

-14.13%

-4.80%

Max Drawdown (3Y)

Largest decline over 3 years

—

-27.64%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.05%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.05%

—

Current Drawdown

Current decline from peak

-10.02%

-10.99%

+0.97%

Average Drawdown

Average peak-to-trough decline

-6.43%

-7.63%

+1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.87%

5.22%

+1.65%

Volatility

CIAI.TO vs. FHQ.TO - Volatility Comparison

CI Global Artificial Intelligence ETF (CIAI.TO) has a higher volatility of 10.63% compared to First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) at 10.08%. This indicates that CIAI.TO's price experiences larger fluctuations and is considered to be riskier than FHQ.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.TOFHQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.63%

10.08%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

22.08%

21.35%

+0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

27.21%

25.54%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.17%

23.68%

+5.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.17%

23.36%

+5.81%

Dividends

CIAI.TO vs. FHQ.TO - Dividend Comparison

Neither CIAI.TO nor FHQ.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%
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		0.00%0.00%0.02%0.00%0.00%1.18%0.43%0.50%0.80%0.83%1.20%0.43%

Frequently Asked Questions

CIAI.TO and FHQ.TO have a correlation of 0.52, 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.

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