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

CIC.TO vs. CGXF.TO

Last updated Apr 1, 2026

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

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

Performance

CIC.TO vs. CGXF.TO - Performance Comparison

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

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

2026 (YTD)202520242023202220212020201920182017
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%
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%

Returns By Period

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

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%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CI Canadian Banks Covered Call Income Class ETF

CI Gold+ Giants Covered Call ETF Common

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
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

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

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

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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Canadian Banks Covered Call Income Class ETF (CIC.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.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.

CIC.TOCGXF.TODifference

Sharpe ratio

Return per unit of total volatility

3.45

1.78

+1.67

Sortino ratio

Return per unit of downside risk

4.45

2.14

+2.31

Omega ratio

Gain probability vs. loss probability

1.71

1.32

+0.39

Calmar ratio

Return relative to maximum drawdown

5.28

2.64

+2.63

Martin ratio

Return relative to average drawdown

22.30

9.78

+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.

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

The current CIC.TO Sharpe Ratio is 3.45, which is higher than the CGXF.TO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of CIC.TO and CGXF.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

CIC.TOCGXF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.45

1.78

+1.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

0.71

+0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.45

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.06

+0.59

Correlation

The correlation between CIC.TO and CGXF.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

CIC.TO vs. CGXF.TO - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
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%

Drawdowns

CIC.TO vs. CGXF.TO - Drawdown Comparison

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

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Drawdown Indicators

CIC.TOCGXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.55%

-88.66%

+50.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.23%

-27.39%

+19.16%

Max Drawdown (5Y)

Largest decline over 5 years

-26.34%

-37.19%

+10.85%

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

-39.68%

+1.13%

Current Drawdown

Current decline from peak

-5.35%

-17.38%

+12.03%

Average Drawdown

Average peak-to-trough decline

-5.54%

-30.85%

+25.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

7.40%

-5.45%

Volatility

CIC.TO vs. CGXF.TO - Volatility Comparison

The current volatility for CI Canadian Banks Covered Call Income Class ETF (CIC.TO) is 5.39%, while CI Gold+ Giants Covered Call ETF Common (CGXF.TO) has a volatility of 16.05%. This indicates that CIC.TO experiences smaller price fluctuations and is considered to be less risky than CGXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CIC.TOCGXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.39%

16.05%

-10.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.06%

32.80%

-23.74%

Volatility (1Y)

Calculated over the trailing 1-year period

12.48%

39.76%

-27.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.56%

30.17%

-17.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

30.09%

-13.83%