CIC.TO vs. CIAI.TO

Last updated Aug 2, 2026

CIC.TO (CI Canadian Banks Covered Call Income Class ETF) and CIAI.TO (CI Global Artificial Intelligence ETF) are both exchange-traded funds - CIC.TO is a Financials Equities fund actively managed by CI, while CIAI.TO is a Artificial Intelligence fund actively managed by CI. Both are actively managed. Over the past year, CIC.TO returned 56.61% vs 31.56% for CIAI.TO. Their 0.35 correlation means their historical movements had little consistent relationship. CIC.TO charges 0.87%/yr vs 0.50%/yr for CIAI.TO.

Performance

CIC.TO vs. CIAI.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 Global Artificial Intelligence ETF (CIAI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIC.TO achieves a 26.83% return, which is significantly higher than CIAI.TO's 19.72% return.

CIC.TO

• 1D: 0.37%
• 1M: 1.17%
• 6M: 27.70%
• YTD: 26.83%
• 1Y: 56.61%
• 3Y*: 28.74%
• 5Y*: 16.57%
• 10Y*: 13.76%
• ALL TIME*: 11.63%

CIAI.TO

• 1D: 2.56%
• 1M: -4.04%
• 6M: 18.06%
• YTD: 19.72%
• 1Y: 31.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIAI.TO CI Global Artificial Intelligence ETF	CA$1.13M	CA$1.20M	CA$2.71M
CIC.TO CI Canadian Banks Covered Call Income Class ETF	CA$388.70K	CA$258.13K	CA$198.22K

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

	2026 (YTD)	2025	2024
CIC.TO CI Canadian Banks Covered Call Income Class ETF	26.83%	35.32%	18.03%
CIAI.TO CI Global Artificial Intelligence ETF	19.72%	18.84%	29.92%

Correlation

The correlation between CIC.TO and CIAI.TO is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (All Time) Calculated using the full available price history since May 7, 2024	0.35

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

CIC.TO

CIC.TO Risk / Return Rank: 97
CIC.TO Sharpe Ratio Rank: 98
CIC.TO Sortino Ratio Rank: 97
CIC.TO Omega Ratio Rank: 97
CIC.TO Calmar Ratio Rank: 96
CIC.TO Martin Ratio Rank: 97

CIAI.TO

CIAI.TO Risk / Return Rank: 38
CIAI.TO Sharpe Ratio Rank: 39
CIAI.TO Sortino Ratio Rank: 37
CIAI.TO Omega Ratio Rank: 37
CIAI.TO Calmar Ratio Rank: 41
CIAI.TO Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CIC.TO vs. CIAI.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 Global Artificial Intelligence ETF (CIAI.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.

	CIC.TO	CIAI.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.45	0.96	+3.48
Sortino ratio: Return per unit of downside risk	5.66	1.40	+4.27
Omega ratio: Gain probability vs. loss probability	1.81	1.18	+0.64
Calmar ratio: Return relative to maximum drawdown	6.84	1.44	+5.40
Martin ratio: Return relative to average drawdown	30.63	3.79	+26.84

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

The current CIC.TO Sharpe Ratio is 4.45, which is higher than the CIAI.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of CIC.TO and CIAI.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.

Drawdowns

CIC.TO vs. CIAI.TO - Drawdown Comparison

The maximum CIC.TO drawdown since its inception was -38.55%, which is greater than CIAI.TO's maximum drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for CIC.TO and CIAI.TO.

Drawdown Indicators

	CIC.TO	CIAI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.55%	-31.22%	-7.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-18.93%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.55%	—	—
Current Drawdown Current decline from peak	-2.31%	-9.81%	+7.50%
Average Drawdown Average peak-to-trough decline	-5.45%	-6.50%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	7.20%	-5.37%

Volatility

CIC.TO vs. CIAI.TO - Volatility Comparison

The current volatility for CI Canadian Banks Covered Call Income Class ETF (CIC.TO) is 5.63%, while CI Global Artificial Intelligence ETF (CIAI.TO) has a volatility of 10.77%. This indicates that CIC.TO experiences smaller price fluctuations and is considered to be less risky than CIAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIC.TO	CIAI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	10.77%	-5.14%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	23.36%	-12.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	28.32%	-15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	29.48%	-16.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	29.48%	-13.14%

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

CIC.TO has a 0.87% expense ratio, which is higher than CIAI.TO's 0.50% expense ratio.

Dividends

CIC.TO vs. CIAI.TO - Dividend Comparison

CIC.TO's dividend yield for the trailing twelve months is around 4.92%, while CIAI.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CIC.TO CI Canadian Banks Covered Call Income Class ETF	4.92%	5.17%	6.71%	7.37%	7.64%	5.48%	9.56%	6.16%	6.61%	5.68%	6.72%	7.31%

Frequently Asked Questions

Can I hold both CIC.TO and CIAI.TO in my portfolio?

CIC.TO and CIAI.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CIC.TO or CIAI.TO?

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.

Which ETF is cheaper, CIC.TO or CIAI.TO?

CIAI.TO is cheaper with a 0.50% expense ratio, compared with 0.87% for CIC.TO.

What is the main difference between CIC.TO and CIAI.TO?

CIC.TO is categorized as Financials Equities, while CIAI.TO is Artificial Intelligence. Their fees differ too: 0.87% for CIC.TO and 0.50% for CIAI.TO.