CMAG.TO vs. CBCX.TO
CMAG.TO (CI Munro Alternative Global Growth Fund) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - CMAG.TO is a Long-Short fund actively managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). CMAG.TO is actively managed, while CBCX.TO is passively managed. Over the past 3 years, CMAG.TO returned 26.00%/yr vs 46.73%/yr for CBCX.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
CMAG.TO vs. CBCX.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMAG.TO achieves a 19.65% return, which is significantly higher than CBCX.TO's 6.72% return.
CMAG.TO
- 1D
- 1.88%
- 1M
- 4.29%
- YTD
- 19.65%
- 6M
- 18.78%
- 1Y
- 25.76%
- 3Y*
- 26.00%
- 5Y*
- 13.00%
- 10Y*
- —
CBCX.TO
- 1D
- 0.53%
- 1M
- -8.66%
- YTD
- 6.72%
- 6M
- 4.92%
- 1Y
- 36.52%
- 3Y*
- 46.73%
- 5Y*
- —
- 10Y*
- —
CMAG.TO vs. CBCX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMAG.TO CI Munro Alternative Global Growth Fund | 19.65% | 13.08% | 37.11% | 16.07% | -1.88% |
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 6.72% | 21.63% | 82.92% | 108.11% | -46.10% |
Correlation
The correlation between CMAG.TO and CBCX.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMAG.TO vs. CBCX.TO — Risk / Return Rank
CMAG.TO
CBCX.TO
CMAG.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Alternative Global Growth Fund (CMAG.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.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.
| CMAG.TO | CBCX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 0.68 | +1.57 |
| Martin ratioReturn relative to average drawdown | 6.23 | 1.20 | +5.03 |
Loading charts...
Drawdowns
CMAG.TO vs. CBCX.TO - Drawdown Comparison
The maximum CMAG.TO drawdown since its inception was -23.94%, smaller than the maximum CBCX.TO drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for CMAG.TO and CBCX.TO.
Loading charts...
Drawdown Indicators
| CMAG.TO | CBCX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -55.21% | +31.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -54.19% | +42.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -55.21% | +36.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -35.09% | +35.09% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -23.92% | +15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 30.48% | -26.34% |
Volatility
CMAG.TO vs. CBCX.TO - Volatility Comparison
The current volatility for CI Munro Alternative Global Growth Fund (CMAG.TO) is 9.23%, while CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a volatility of 17.68%. This indicates that CMAG.TO experiences smaller price fluctuations and is considered to be less risky than CBCX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMAG.TO | CBCX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 17.68% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 42.50% | -25.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 61.19% | -41.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 62.66% | -45.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 62.66% | -45.59% |
Dividends
CMAG.TO vs. CBCX.TO - Dividend Comparison
CMAG.TO has not paid dividends to shareholders, while CBCX.TO's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 0.03% | 0.14% | 0.13% | 0.06% |
CMAG.TO CI Munro Alternative Global Growth Fund | 0.00% | 0.21% | 0.00% | 0.00% |
Frequently Asked Questions
CMAG.TO and CBCX.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMAG.TO is categorized as Long-Short, while CBCX.TO is Blockchain.
Find the right allocation for CMAG.TO and CBCX.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer