CLML.TO vs. ARKX

Last updated Jun 5, 2026

CLML.TO (CI Global Climate Leaders Fund) and ARKX (ARK Space Exploration & Innovation ETF) are both exchange-traded funds - CLML.TO is a fund fund, while ARKX is a Aerospace & Defense fund actively managed by ARK. Over the past 3 years, CLML.TO returned 43.47%/yr vs 38.65%/yr for ARKX. At a 0.34 correlation, their price movements are largely independent.

Performance

CLML.TO vs. ARKX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Climate Leaders Fund (CLML.TO) and ARK Space Exploration & Innovation ETF (ARKX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLML.TO is traded in CAD, while ARKX is traded in USD. To make them comparable, the ARKX 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 35.72% return, which is significantly higher than ARKX's 27.19% return.

CLML.TO

• 1D: -0.60%
• 1M: 3.68%
• YTD: 35.72%
• 6M: 32.06%
• 1Y: 58.24%
• 3Y*: 43.47%
• 5Y*: —
• 10Y*: —

ARKX

• 1D: 1.55%
• 1M: 15.12%
• YTD: 27.19%
• 6M: 26.65%
• 1Y: 74.51%
• 3Y*: 38.65%
• 5Y*: 15.07%
• 10Y*: —

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

CLML.TO vs. ARKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CLML.TO CI Global Climate Leaders Fund	35.72%	25.21%	63.19%	12.83%	-18.69%	9.27%
ARKX ARK Space Exploration & Innovation ETF	27.19%	41.65%	37.55%	21.63%	-29.59%	-8.01%

Correlation

The correlation between CLML.TO and ARKX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.34

Return for Risk

CLML.TO vs. ARKX — 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: 89
CLML.TO Sharpe Ratio Rank: 87
CLML.TO Sortino Ratio Rank: 87
CLML.TO Omega Ratio Rank: 82
CLML.TO Calmar Ratio Rank: 95
CLML.TO Martin Ratio Rank: 93

ARKX

ARKX Risk / Return Rank: 62
ARKX Sharpe Ratio Rank: 68
ARKX Sortino Ratio Rank: 61
ARKX Omega Ratio Rank: 55
ARKX Calmar Ratio Rank: 72
ARKX Martin Ratio Rank: 55

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. ARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) and ARK Space Exploration & Innovation ETF (ARKX). 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.

	CLML.TO	ARKX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.35	+0.52
Sortino ratio: Return per unit of downside risk	3.92	2.96	+0.96
Omega ratio: Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio: Return relative to maximum drawdown	8.02	3.68	+4.34
Martin ratio: Return relative to average drawdown	24.19	9.24	+14.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLML.TO vs. ARKX - Sharpe Ratio Comparison

The current CLML.TO Sharpe Ratio is 2.88, which is comparable to the ARKX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of CLML.TO and ARKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLML.TO	ARKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.35	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.55	+0.58

Drawdowns

CLML.TO vs. ARKX - Drawdown Comparison

The maximum CLML.TO drawdown since its inception was -28.17%, smaller than the maximum ARKX drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for CLML.TO and ARKX.

Drawdown Indicators

	CLML.TO	ARKX	Difference
Max Drawdown Largest peak-to-trough decline	-28.17%	-38.99%	+10.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-20.36%	+13.06%
Max Drawdown (3Y) Largest decline over 3 years	-25.94%	-25.86%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.99%	—
Current Drawdown Current decline from peak	-0.60%	-2.77%	+2.17%
Average Drawdown Average peak-to-trough decline	-8.95%	-17.75%	+8.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	8.09%	-5.67%

Volatility

CLML.TO vs. ARKX - Volatility Comparison

The current volatility for CI Global Climate Leaders Fund (CLML.TO) is 8.69%, while ARK Space Exploration & Innovation ETF (ARKX) has a volatility of 10.57%. This indicates that CLML.TO experiences smaller price fluctuations and is considered to be less risky than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLML.TO	ARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	10.57%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	24.35%	-7.84%
Volatility (1Y) Calculated over the trailing 1-year period	20.36%	31.83%	-11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	25.71%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	25.41%	-4.73%

Dividends

CLML.TO vs. ARKX - Dividend Comparison

Neither CLML.TO nor ARKX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

CLML.TO and ARKX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.