CMAG.TO vs. CINF.TO
CMAG.TO (CI Munro Alternative Global Growth Fund) and CINF.TO (CI Global Infrastructure Private Pool) are both exchange-traded funds - CMAG.TO is a Long-Short fund actively managed by CI, while CINF.TO is a Utilities Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, CMAG.TO returned 10.70%/yr vs 12.27%/yr for CINF.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
CMAG.TO vs. CINF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMAG.TO achieves a 9.57% return, which is significantly lower than CINF.TO's 17.22% return.
CMAG.TO
- 1D
- -0.06%
- 1M
- -7.03%
- 6M
- 6.03%
- YTD
- 9.57%
- 1Y
- 13.88%
- 3Y*
- 21.54%
- 5Y*
- 10.70%
- 10Y*
- —
CINF.TO
- 1D
- 0.15%
- 1M
- 0.58%
- 6M
- 13.06%
- YTD
- 17.22%
- 1Y
- 21.00%
- 3Y*
- 16.67%
- 5Y*
- 12.27%
- 10Y*
- —
CMAG.TO vs. CINF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMAG.TO CI Munro Alternative Global Growth Fund | 9.57% | 13.08% | 37.11% | 16.07% | -19.04% | 9.21% | 24.36% |
CINF.TO CI Global Infrastructure Private Pool | 17.22% | 12.54% | 16.53% | 5.27% | 5.03% | 13.56% | 7.55% |
Correlation
The correlation between CMAG.TO and CINF.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 27, 2020 | 0.23 |
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Return for Risk
CMAG.TO vs. CINF.TO — Risk / Return Rank
CMAG.TO
CINF.TO
CMAG.TO vs. CINF.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 Global Infrastructure Private Pool (CINF.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 | CINF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.40 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.97 | -2.76 |
| Martin ratioReturn relative to average drawdown | 3.20 | 11.74 | -8.54 |
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Drawdowns
CMAG.TO vs. CINF.TO - Drawdown Comparison
The maximum CMAG.TO drawdown since its inception was -23.94%, which is greater than CINF.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for CMAG.TO and CINF.TO.
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Drawdown Indicators
| CMAG.TO | CINF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -12.27% | -11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -5.31% | -6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -9.62% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -12.27% | -11.67% |
Current DrawdownCurrent decline from peak | -8.43% | -0.93% | -7.50% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -2.05% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 1.79% | +2.56% |
Volatility
CMAG.TO vs. CINF.TO - Volatility Comparison
CI Munro Alternative Global Growth Fund (CMAG.TO) has a higher volatility of 8.73% compared to CI Global Infrastructure Private Pool (CINF.TO) at 1.85%. This indicates that CMAG.TO's price experiences larger fluctuations and is considered to be riskier than CINF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMAG.TO | CINF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 1.85% | +6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 7.73% | +10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.21% | 9.56% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 11.96% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 12.07% | +5.19% |
Dividends
CMAG.TO vs. CINF.TO - Dividend Comparison
CMAG.TO has not paid dividends to shareholders, while CINF.TO's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CINF.TO CI Global Infrastructure Private Pool | 2.42% | 2.80% | 3.06% | 3.45% | 3.51% | 3.56% | 2.27% |
CMAG.TO CI Munro Alternative Global Growth Fund | 0.00% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMAG.TO and CINF.TO have a correlation of 0.22, 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 CINF.TO is Utilities Equities.
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