CLML.TO vs. AIPO

Last updated Jul 25, 2026

CLML.TO (CI Global Climate Leaders Fund) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - CLML.TO is a Alternative Energy Equities fund actively managed by CI Global Asset Management, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. CLML.TO is actively managed, while AIPO is passively managed. Over the past year, CLML.TO returned 33.44% vs 49.95% for AIPO. A 0.73 correlation means they provide meaningful diversification when combined. CLML.TO charges 0.99%/yr vs 0.69%/yr for AIPO.

Performance

CLML.TO vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Climate Leaders Fund (CLML.TO) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLML.TO is traded in CAD, while AIPO is traded in USD. To make them comparable, the AIPO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLML.TO achieves a 25.72% return, which is significantly lower than AIPO's 36.44% return.

CLML.TO

• 1D: -0.97%
• 1M: -7.84%
• 6M: 20.44%
• YTD: 25.72%
• 1Y: 33.44%
• 3Y*: 37.82%
• 5Y*: 20.73%
• 10Y*: —
• ALL TIME*: 20.69%

AIPO

• 1D: -3.70%
• 1M: -11.62%
• 6M: 22.94%
• YTD: 36.44%
• 1Y: 49.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
AIPO Defiance AI & Power Infrastructure ETF	CA$52.81M	CA$57.41M	CA$63.45M
CLML.TO CI Global Climate Leaders Fund	CA$494.12K	CA$394.47K	CA$468.54K

CLML.TO vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
CLML.TO CI Global Climate Leaders Fund	25.72%	6.13%
AIPO Defiance AI & Power Infrastructure ETF	36.44%	9.90%

Correlation

The correlation between CLML.TO and AIPO is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.73

Return for Risk

CLML.TO vs. AIPO — Risk / Return Rank

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

CLML.TO

CLML.TO Risk / Return Rank: 68
CLML.TO Sharpe Ratio Rank: 63
CLML.TO Sortino Ratio Rank: 62
CLML.TO Omega Ratio Rank: 60
CLML.TO Calmar Ratio Rank: 78
CLML.TO Martin Ratio Rank: 76

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CLML.TO vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	CLML.TO	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	9.65	—	—

Drawdowns

CLML.TO vs. AIPO - Drawdown Comparison

The maximum CLML.TO drawdown since its inception was -28.17%, which is greater than AIPO's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for CLML.TO and AIPO.

Drawdown Indicators

	CLML.TO	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-28.17%	-18.39%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-18.39%	+6.81%
Max Drawdown (3Y) Largest decline over 3 years	-25.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	—	—
Current Drawdown Current decline from peak	-10.72%	-16.14%	+5.42%
Average Drawdown Average peak-to-trough decline	-8.85%	-5.09%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	—	—

Volatility

Volatility by Period

	CLML.TO	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.21%	36.26%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.14%	36.26%	-15.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	36.26%	-15.18%

CLML.TO vs. AIPO - Expense Ratio Comparison

CLML.TO has a 0.99% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

CLML.TO vs. AIPO - Dividend Comparison

CLML.TO has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
CLML.TO CI Global Climate Leaders Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLML.TO and AIPO in my portfolio?

CLML.TO and AIPO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLML.TO or AIPO?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLML.TO or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.99% for CLML.TO.

What is the main difference between CLML.TO and AIPO?

CLML.TO is categorized as Alternative Energy Equities, while AIPO is Artificial Intelligence. They also come from different issuers: CI Global Asset Management and Defiance. Their fees differ too: 0.99% for CLML.TO and 0.69% for AIPO.