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CLML.TO vs. XCSR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CLML.TO vs. XCSR.TO

Last updated Jun 5, 2026

CLML.TO (CI Global Climate Leaders Fund) and XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) are both exchange-traded funds - CLML.TO is a fund fund, while XCSR.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Over the past 3 years, CLML.TO returned 43.47%/yr vs 25.22%/yr for XCSR.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

CLML.TO vs. XCSR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Climate Leaders Fund (CLML.TO) and iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLML.TO achieves a 35.72% return, which is significantly higher than XCSR.TO's 7.96% return.

CLML.TO

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

XCSR.TO

1D
1.26%
1M
6.36%
YTD
7.96%
6M
7.56%
1Y
32.34%
3Y*
25.22%
5Y*
13.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLML.TO vs. XCSR.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CLML.TO
CI Global Climate Leaders Fund		35.72%25.21%63.19%12.83%-18.69%9.27%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		7.96%35.35%23.27%15.18%-14.41%4.52%

Correlation

The correlation between CLML.TO and XCSR.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2021

0.35

The correlation between CLML.TO and XCSR.TO shifts across timeframes, from 0.35 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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CI Global Climate Leaders Fund

iShares ESG Advanced MSCI Canada Index ETF

Often compared with CLML.TO:
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Often compared with XCSR.TO:
XCSR.TO vs. XESG.TOXCSR.TO vs. XCS.TOXCSR.TO vs. XUSR.TOXCSR.TO vs. XEN.TOXCSR.TO vs. XMD.TOXCSR.TO vs. XIT.TOXCSR.TO vs. CSIQ

Return for Risk

CLML.TO vs. XCSR.TO — 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: 8989
Overall Rank
CLML.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CLML.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
CLML.TO Omega Ratio Rank: 8282
Omega Ratio Rank
CLML.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
CLML.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XCSR.TO
XCSR.TO Risk / Return Rank: 6464
Overall Rank
XCSR.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XCSR.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
XCSR.TO Omega Ratio Rank: 6464
Omega Ratio Rank
XCSR.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XCSR.TO Martin Ratio Rank: 6565
Martin Ratio Rank
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. XCSR.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 ESG Advanced MSCI Canada Index ETF (XCSR.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.

CLML.TOXCSR.TODifference
Sharpe ratioReturn per unit of total volatility
2.88
2.15

+0.73

Sortino ratioReturn per unit of downside risk
3.92
2.89

+1.04

Omega ratioGain probability vs. loss probability

1.48

1.38

+0.10

Calmar ratioReturn relative to maximum drawdown

8.02

2.92

+5.10

Martin ratioReturn relative to average drawdown

24.19

11.63

+12.55

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. XCSR.TO - Sharpe Ratio Comparison

The current CLML.TO Sharpe Ratio is 2.88, which is higher than the XCSR.TO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CLML.TO and XCSR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CLML.TOXCSR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.88

2.15

+0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.98

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.13

0.08

+1.05

Drawdowns

CLML.TO vs. XCSR.TO - Drawdown Comparison

The maximum CLML.TO drawdown since its inception was -28.17%, which is greater than XCSR.TO's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for CLML.TO and XCSR.TO.

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Drawdown Indicators

CLML.TOXCSR.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.17%

-23.56%

-4.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.30%

-11.12%

+3.82%

Max Drawdown (3Y)

Largest decline over 3 years

-25.94%

-12.14%

-13.80%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.56%

—

Current Drawdown

Current decline from peak

-0.60%

0.00%

-0.60%

Average Drawdown

Average peak-to-trough decline

-8.95%

-5.12%

-3.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.79%

-0.37%

Volatility

CLML.TO vs. XCSR.TO - Volatility Comparison

CI Global Climate Leaders Fund (CLML.TO) has a higher volatility of 8.69% compared to iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) at 4.09%. This indicates that CLML.TO's price experiences larger fluctuations and is considered to be riskier than XCSR.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.TOXCSR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.69%

4.09%

+4.60%

Volatility (6M)

Calculated over the trailing 6-month period

16.51%

12.50%

+4.01%

Volatility (1Y)

Calculated over the trailing 1-year period

20.36%

15.11%

+5.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.68%

13.95%

+6.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.68%

1,367.87%

-1,347.19%

Dividends

CLML.TO vs. XCSR.TO - Dividend Comparison

CLML.TO has not paid dividends to shareholders, while XCSR.TO's dividend yield for the trailing twelve months is around 1.63%.

PositionTTM202520242023202220212020
CLML.TO
CI Global Climate Leaders Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		1.63%1.73%2.20%2.61%2.78%1.53%0.81%

Frequently Asked Questions

CLML.TO and XCSR.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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