CINF.TO vs. ZUT.TO
CINF.TO (CI Global Infrastructure Private Pool) and ZUT.TO (BMO Equal Weight Utilities Index ETF) are both Utilities Equities funds. CINF.TO is actively managed, while ZUT.TO is passively managed. Over the past 5 years, CINF.TO returned 12.72%/yr vs 7.29%/yr for ZUT.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
CINF.TO vs. ZUT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CINF.TO achieves a 17.12% return, which is significantly lower than ZUT.TO's 21.78% return.
CINF.TO
- 1D
- -0.41%
- 1M
- 1.90%
- YTD
- 17.12%
- 6M
- 17.36%
- 1Y
- 20.69%
- 3Y*
- 17.25%
- 5Y*
- 12.72%
- 10Y*
- —
ZUT.TO
- 1D
- -0.20%
- 1M
- 1.70%
- YTD
- 21.78%
- 6M
- 22.22%
- 1Y
- 27.82%
- 3Y*
- 15.00%
- 5Y*
- 7.29%
- 10Y*
- 10.19%
CINF.TO vs. ZUT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CINF.TO CI Global Infrastructure Private Pool | 17.12% | 12.54% | 16.53% | 5.27% | 5.03% | 13.56% | 7.55% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 21.78% | 15.33% | 14.22% | -5.29% | -8.62% | 5.52% | 28.06% |
Correlation
The correlation between CINF.TO and ZUT.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 (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 27, 2020 | 0.42 |
The correlation between CINF.TO and ZUT.TO has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
CINF.TO vs. ZUT.TO — Risk / Return Rank
CINF.TO
ZUT.TO
CINF.TO vs. ZUT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Infrastructure Private Pool (CINF.TO) and BMO Equal Weight Utilities Index ETF (ZUT.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.
| CINF.TO | ZUT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.12 | +0.79 |
| Martin ratioReturn relative to average drawdown | 11.58 | 7.89 | +3.69 |
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Drawdowns
CINF.TO vs. ZUT.TO - Drawdown Comparison
The maximum CINF.TO drawdown since its inception was -12.27%, smaller than the maximum ZUT.TO drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for CINF.TO and ZUT.TO.
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Drawdown Indicators
| CINF.TO | ZUT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -37.07% | +24.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.31% | -8.95% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -19.27% | +9.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.27% | -32.36% | +20.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.07% | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.77% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -6.26% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 3.54% | -1.75% |
Volatility
CINF.TO vs. ZUT.TO - Volatility Comparison
CI Global Infrastructure Private Pool (CINF.TO) has a higher volatility of 2.59% compared to BMO Equal Weight Utilities Index ETF (ZUT.TO) at 1.96%. This indicates that CINF.TO's price experiences larger fluctuations and is considered to be riskier than ZUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CINF.TO | ZUT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.96% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 7.93% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 10.35% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 13.94% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 16.47% | -4.36% |
Dividends
CINF.TO vs. ZUT.TO - Dividend Comparison
CINF.TO's dividend yield for the trailing twelve months is around 2.42%, less than ZUT.TO's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CINF.TO CI Global Infrastructure Private Pool | 2.42% | 2.80% | 3.06% | 3.45% | 3.51% | 3.56% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 2.75% | 3.50% | 4.05% | 4.43% | 4.02% | 3.31% | 3.38% | 4.08% | 4.68% | 3.78% | 4.06% | 4.72% |
Frequently Asked Questions
CINF.TO and ZUT.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 and BMO.
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