CLML.TO vs. XCLN.TO
CLML.TO (CI Global Climate Leaders Fund) and XCLN.TO (iShares Global Clean Energy Index ETF) are both Alternative Energy Equities funds. CLML.TO is actively managed, while XCLN.TO is passively managed. Over the past 3 years, CLML.TO returned 37.82%/yr vs 1.23%/yr for XCLN.TO. At a 0.39 correlation, their price movements are largely independent. CLML.TO charges 0.99%/yr vs 0.35%/yr for XCLN.TO.
Performance
CLML.TO vs. XCLN.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 XCLN.TO's 13.32% 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%
XCLN.TO
- 1D
- -2.20%
- 1M
- -13.19%
- 6M
- 1.77%
- YTD
- 13.32%
- 1Y
- 31.96%
- 3Y*
- 1.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.05%
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$74.55K | CA$82.26K | CA$114.39K |
CLML.TO vs. XCLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 25.72% | 25.21% | 63.19% | 12.83% | 0.95% |
XCLN.TO iShares Global Clean Energy Index ETF | 13.32% | 35.62% | -19.86% | -21.98% | 8.76% |
Correlation
The correlation between CLML.TO and XCLN.TO is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.39 |
Over the past year, CLML.TO and XCLN.TO have become more correlated (0.64) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
CLML.TO vs. XCLN.TO — Risk / Return Rank
CLML.TO
XCLN.TO
CLML.TO vs. XCLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) and iShares Global Clean Energy Index ETF (XCLN.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 | XCLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.49 | +1.41 |
| Martin ratioReturn relative to average drawdown | 9.65 | 4.66 | +4.99 |
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Drawdowns
CLML.TO vs. XCLN.TO - Drawdown Comparison
The maximum CLML.TO drawdown since its inception was -28.17%, smaller than the maximum XCLN.TO drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for CLML.TO and XCLN.TO.
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Drawdown Indicators
| CLML.TO | XCLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -49.29% | +21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -21.57% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -25.94% | -38.20% | +12.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | — | — |
Current DrawdownCurrent decline from peak | -10.72% | -21.57% | +10.85% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -25.26% | +16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 6.88% | -3.41% |
Volatility
CLML.TO vs. XCLN.TO - Volatility Comparison
The current volatility for CI Global Climate Leaders Fund (CLML.TO) is 8.33%, while iShares Global Clean Energy Index ETF (XCLN.TO) has a volatility of 11.55%. This indicates that CLML.TO experiences smaller price fluctuations and is considered to be less risky than XCLN.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 | XCLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 11.55% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 24.66% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.21% | 30.70% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 26.27% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 26.27% | -5.19% |
CLML.TO vs. XCLN.TO - Expense Ratio Comparison
CLML.TO has a 0.99% expense ratio, which is higher than XCLN.TO's 0.35% expense ratio.
Dividends
CLML.TO vs. XCLN.TO - Dividend Comparison
CLML.TO has not paid dividends to shareholders, while XCLN.TO's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCLN.TO iShares Global Clean Energy Index ETF | 0.91% | 1.51% | 1.24% | 1.15% | 0.39% |
Frequently Asked Questions
CLML.TO and XCLN.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCLN.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCLN.TO is cheaper with a 0.35% expense ratio, compared with 0.99% for CLML.TO.
They also come from different issuers: CI Global Asset Management and iShares. Their fees differ too: 0.99% for CLML.TO and 0.35% for XCLN.TO.
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