CLML.TO vs. QQCI.TO
CLML.TO (CI Global Climate Leaders Fund) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - CLML.TO is a Alternative Energy Equities fund actively managed by CI Global Asset Management, while QQCI.TO is a Nasdaq-100 fund actively managed by CI Global Asset Management. Both are actively managed. Over the past year, CLML.TO returned 33.44% vs 23.66% for QQCI.TO. A 0.57 correlation means they provide meaningful diversification when combined. CLML.TO charges 0.99%/yr vs 0.21%/yr for QQCI.TO.
Performance
CLML.TO vs. QQCI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLML.TO achieves a 25.72% return, which is significantly higher than QQCI.TO's 12.05% 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%
QQCI.TO
- 1D
- -0.97%
- 1M
- -2.73%
- 6M
- 10.61%
- YTD
- 12.05%
- 1Y
- 23.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$494.12K | CA$394.47K | CA$468.54K | |
| CA$110.99K | CA$82.96K | CA$149.10K |
CLML.TO vs. QQCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 25.72% | 25.21% | 14.54% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 12.05% | 12.64% | 11.81% |
Correlation
The correlation between CLML.TO and QQCI.TO is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 0.57 |
The correlation between CLML.TO and QQCI.TO has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
CLML.TO vs. QQCI.TO — Risk / Return Rank
CLML.TO
QQCI.TO
CLML.TO vs. QQCI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) and Invesco NASDAQ 100 Income Advantage ETF (QQCI.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.
| CLML.TO | QQCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.12 | -0.22 |
| Martin ratioReturn relative to average drawdown | 9.65 | 9.99 | -0.34 |
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Drawdowns
CLML.TO vs. QQCI.TO - Drawdown Comparison
The maximum CLML.TO drawdown since its inception was -28.17%, which is greater than QQCI.TO's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for CLML.TO and QQCI.TO.
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Drawdown Indicators
| CLML.TO | QQCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -18.95% | -9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -7.62% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | — | — |
Current DrawdownCurrent decline from peak | -10.72% | -5.79% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -3.03% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.37% | +1.10% |
Volatility
CLML.TO vs. QQCI.TO - Volatility Comparison
CI Global Climate Leaders Fund (CLML.TO) has a higher volatility of 8.33% compared to Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) at 5.36%. This indicates that CLML.TO's price experiences larger fluctuations and is considered to be riskier than QQCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLML.TO | QQCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 5.36% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 11.34% | +7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.21% | 14.66% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 15.86% | +5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 15.86% | +5.22% |
CLML.TO vs. QQCI.TO - Expense Ratio Comparison
CLML.TO has a 0.99% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.
Dividends
CLML.TO vs. QQCI.TO - Dividend Comparison
CLML.TO has not paid dividends to shareholders, while QQCI.TO's dividend yield for the trailing twelve months is around 9.13%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 0.00% | 0.00% | 0.00% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 9.13% | 9.34% | 3.17% |
Frequently Asked Questions
CLML.TO and QQCI.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.99% for CLML.TO.
CLML.TO is categorized as Alternative Energy Equities, while QQCI.TO is Nasdaq-100. Their fees differ too: 0.99% for CLML.TO and 0.21% for QQCI.TO.
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