CLML.TO vs. CGDV

Last updated Jun 4, 2026

CLML.TO (CI Global Climate Leaders Fund) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - CLML.TO is a fund fund, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Over the past 3 years, CLML.TO returned 44.11%/yr vs 26.76%/yr for CGDV. At a 0.36 correlation, their price movements are largely independent.

Performance

CLML.TO vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Climate Leaders Fund (CLML.TO) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLML.TO is traded in CAD, while CGDV is traded in USD. To make them comparable, the CGDV 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 36.54% return, which is significantly higher than CGDV's 13.32% return.

CLML.TO

• 1D: 0.37%
• 1M: 6.60%
• YTD: 36.54%
• 6M: 35.01%
• 1Y: 58.40%
• 3Y*: 44.11%
• 5Y*: —
• 10Y*: —

CGDV

• 1D: 0.00%
• 1M: 6.50%
• YTD: 13.32%
• 6M: 11.81%
• 1Y: 32.72%
• 3Y*: 26.76%
• 5Y*: —
• 10Y*: —

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

CLML.TO vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CLML.TO CI Global Climate Leaders Fund	36.54%	25.21%	63.19%	12.83%	-0.11%
CGDV Capital Group Dividend Value ETF	13.32%	19.74%	30.41%	25.97%	2.64%

Correlation

The correlation between CLML.TO and CGDV is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.36

Over the past year, CLML.TO and CGDV have become more correlated (0.57) than their long-term average of 0.36, meaning their price movements have been converging.

Return for Risk

CLML.TO vs. CGDV — 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: 88
CLML.TO Sharpe Ratio Rank: 86
CLML.TO Sortino Ratio Rank: 86
CLML.TO Omega Ratio Rank: 81
CLML.TO Calmar Ratio Rank: 95
CLML.TO Martin Ratio Rank: 93

CGDV

CGDV Risk / Return Rank: 80
CGDV Sharpe Ratio Rank: 84
CGDV Sortino Ratio Rank: 85
CGDV Omega Ratio Rank: 85
CGDV Calmar Ratio Rank: 66
CGDV Martin Ratio Rank: 80

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. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) and Capital Group Dividend Value ETF (CGDV). 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	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.90	-0.01
Sortino ratio: Return per unit of downside risk	3.93	3.95	-0.02
Omega ratio: Gain probability vs. loss probability	1.49	1.56	-0.07
Calmar ratio: Return relative to maximum drawdown	8.04	4.05	+3.99
Martin ratio: Return relative to average drawdown	24.25	17.33	+6.93
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. CGDV - Sharpe Ratio Comparison

The current CLML.TO Sharpe Ratio is 2.88, which is comparable to the CGDV Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of CLML.TO and CGDV, 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	CGDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.90	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.61	-0.47

Drawdowns

CLML.TO vs. CGDV - Drawdown Comparison

The maximum CLML.TO drawdown since its inception was -28.17%, which is greater than CGDV's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for CLML.TO and CGDV.

Drawdown Indicators

	CLML.TO	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-28.17%	-14.77%	-13.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-8.11%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-25.94%	-14.77%	-11.17%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-8.96%	-2.39%	-6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	1.89%	+0.53%

Volatility

CLML.TO vs. CGDV - Volatility Comparison

CI Global Climate Leaders Fund (CLML.TO) has a higher volatility of 8.88% compared to Capital Group Dividend Value ETF (CGDV) at 3.04%. This indicates that CLML.TO's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLML.TO	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	3.04%	+5.84%
Volatility (6M) Calculated over the trailing 6-month period	16.50%	9.05%	+7.45%
Volatility (1Y) Calculated over the trailing 1-year period	20.38%	11.35%	+9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	13.37%	+7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	13.37%	+7.31%

Dividends

CLML.TO vs. CGDV - Dividend Comparison

CLML.TO has not paid dividends to shareholders, while CGDV's dividend yield for the trailing twelve months is around 1.16%.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.16%	1.29%	1.60%	1.65%	1.36%
CLML.TO CI Global Climate Leaders Fund	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

CLML.TO and CGDV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.