CMAG.TO vs. CMNY.TO
CMAG.TO (CI Munro Alternative Global Growth Fund) and CMNY.TO (CI Money Market ETF CAD Series) are both exchange-traded funds - CMAG.TO is a Long-Short fund actively managed by CI, while CMNY.TO is a Money Market fund actively managed by CI. Both are actively managed. Over the past year, CMAG.TO returned 25.76% vs 2.44% for CMNY.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
CMAG.TO vs. CMNY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMAG.TO achieves a 19.65% return, which is significantly higher than CMNY.TO's 1.17% 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*
- —
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.17%
- 6M
- 1.17%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMAG.TO vs. CMNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMAG.TO CI Munro Alternative Global Growth Fund | 19.65% | 13.08% | 37.11% | 8.20% |
CMNY.TO CI Money Market ETF CAD Series | 1.17% | 2.83% | 4.77% | 2.00% |
Correlation
The correlation between CMAG.TO and CMNY.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.02 |
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Return for Risk
CMAG.TO vs. CMNY.TO — Risk / Return Rank
CMAG.TO
CMNY.TO
CMAG.TO vs. CMNY.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 Money Market ETF CAD Series (CMNY.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 | CMNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.01 | ||
| Sortino ratioReturn per unit of downside risk | -15.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 3.60 | -2.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 49.15 | -46.90 |
| Martin ratioReturn relative to average drawdown | 6.23 | 197.17 | -190.94 |
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Drawdowns
CMAG.TO vs. CMNY.TO - Drawdown Comparison
The maximum CMAG.TO drawdown since its inception was -23.94%, which is greater than CMNY.TO's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for CMAG.TO and CMNY.TO.
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Drawdown Indicators
| CMAG.TO | CMNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -0.83% | -23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -0.05% | -11.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -0.05% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 0.01% | +4.13% |
Volatility
CMAG.TO vs. CMNY.TO - Volatility Comparison
CI Munro Alternative Global Growth Fund (CMAG.TO) has a higher volatility of 9.23% compared to CI Money Market ETF CAD Series (CMNY.TO) at 0.08%. This indicates that CMAG.TO's price experiences larger fluctuations and is considered to be riskier than CMNY.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 | CMNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 0.08% | +9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 0.22% | +16.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 0.34% | +19.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 1.01% | +16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 1.01% | +16.06% |
Dividends
CMAG.TO vs. CMNY.TO - Dividend Comparison
CMAG.TO has not paid dividends to shareholders, while CMNY.TO's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMAG.TO CI Munro Alternative Global Growth Fund | 0.00% | 0.21% | 0.00% | 0.00% |
CMNY.TO CI Money Market ETF CAD Series | 2.49% | 2.89% | 4.64% | 2.02% |
Frequently Asked Questions
CMAG.TO and CMNY.TO have a correlation of 0.10, 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 CMNY.TO is Money Market.
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