CIC.TO vs. CMEY.TO
CIC.TO (CI Canadian Banks Covered Call Income Class ETF) and CMEY.TO (CI Marret Alternative Enhanced Yield Fund) are both exchange-traded funds - CIC.TO is a Financials Equities fund actively managed by CI, while CMEY.TO is a Nontraditional Bonds fund actively managed by CI. Both are actively managed. Over the past 5 years, CIC.TO returned 16.56%/yr vs 4.01%/yr for CMEY.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
CIC.TO vs. CMEY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIC.TO achieves a 27.57% return, which is significantly higher than CMEY.TO's 1.84% return.
CIC.TO
- 1D
- -0.10%
- 1M
- 5.44%
- 6M
- 26.10%
- YTD
- 27.57%
- 1Y
- 57.42%
- 3Y*
- 29.59%
- 5Y*
- 16.56%
- 10Y*
- 13.70%
CMEY.TO
- 1D
- -0.25%
- 1M
- -0.19%
- 6M
- 1.48%
- YTD
- 1.84%
- 1Y
- 3.88%
- 3Y*
- 5.60%
- 5Y*
- 4.01%
- 10Y*
- —
CIC.TO vs. CMEY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 27.57% | 35.32% | 21.30% | 6.58% | -10.99% | 33.76% | 36.02% |
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 1.84% | 4.69% | 7.07% | 6.63% | -1.29% | 3.42% | 5.64% |
Correlation
The correlation between CIC.TO and CMEY.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.06 |
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Return for Risk
CIC.TO vs. CMEY.TO — Risk / Return Rank
CIC.TO
CMEY.TO
CIC.TO vs. CMEY.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 Marret Alternative Enhanced Yield Fund (CMEY.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 | CMEY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.61 | ||
| Sortino ratioReturn per unit of downside risk | +4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 1.26 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 7.01 | 2.77 | +4.24 |
| Martin ratioReturn relative to average drawdown | 32.73 | 9.25 | +23.48 |
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Drawdowns
CIC.TO vs. CMEY.TO - Drawdown Comparison
The maximum CIC.TO drawdown since its inception was -38.55%, which is greater than CMEY.TO's maximum drawdown of -4.73%. Use the drawdown chart below to compare losses from any high point for CIC.TO and CMEY.TO.
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Drawdown Indicators
| CIC.TO | CMEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.55% | -4.73% | -33.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -1.41% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -2.96% | -11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -4.73% | -21.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.76% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -0.69% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.42% | +1.34% |
Volatility
CIC.TO vs. CMEY.TO - Volatility Comparison
CI Canadian Banks Covered Call Income Class ETF (CIC.TO) has a higher volatility of 3.75% compared to CI Marret Alternative Enhanced Yield Fund (CMEY.TO) at 1.01%. This indicates that CIC.TO's price experiences larger fluctuations and is considered to be riskier than CMEY.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.TO | CMEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 1.01% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 2.46% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 3.08% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 3.88% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 3.63% | +12.66% |
Dividends
CIC.TO vs. CMEY.TO - Dividend Comparison
CIC.TO's dividend yield for the trailing twelve months is around 4.89%, more than CMEY.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 4.89% | 5.17% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 4.40% | 4.38% | 5.85% | 5.91% | 4.79% | 4.70% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIC.TO and CMEY.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIC.TO is categorized as Financials Equities, while CMEY.TO is Nontraditional Bonds.
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