CMAR.TO vs. EHE.TO
CMAR.TO (CI Marret Alternative Absolute Return Bond Fund) and EHE.TO (CI Europe Hedged Equity Index ETF) are both exchange-traded funds - CMAR.TO is a Nontraditional Bonds fund actively managed by CI, while EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index. CMAR.TO is actively managed, while EHE.TO is passively managed. Over the past 5 years, CMAR.TO returned 1.48%/yr vs 10.01%/yr for EHE.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
CMAR.TO vs. EHE.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMAR.TO achieves a 2.18% return, which is significantly lower than EHE.TO's 7.41% return.
CMAR.TO
- 1D
- 0.17%
- 1M
- 0.48%
- YTD
- 2.18%
- 6M
- 2.12%
- 1Y
- 3.77%
- 3Y*
- 4.80%
- 5Y*
- 1.48%
- 10Y*
- —
EHE.TO
- 1D
- 0.58%
- 1M
- 1.53%
- YTD
- 7.41%
- 6M
- 7.99%
- 1Y
- 17.80%
- 3Y*
- 13.93%
- 5Y*
- 10.01%
- 10Y*
- —
CMAR.TO vs. EHE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 2.18% | 4.98% | 3.37% | 5.33% | -8.32% | 0.98% | 6.73% |
EHE.TO CI Europe Hedged Equity Index ETF | 7.41% | 22.91% | 4.19% | 22.26% | -10.45% | 23.79% | -5.68% |
Correlation
The correlation between CMAR.TO and EHE.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2020 | 0.12 |
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
CMAR.TO vs. EHE.TO — Risk / Return Rank
CMAR.TO
EHE.TO
CMAR.TO vs. EHE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) and CI Europe Hedged Equity Index ETF (EHE.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.
| CMAR.TO | EHE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.68 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.86 | 6.34 | +1.53 |
Loading charts...
Drawdowns
CMAR.TO vs. EHE.TO - Drawdown Comparison
The maximum CMAR.TO drawdown since its inception was -12.07%, smaller than the maximum EHE.TO drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for CMAR.TO and EHE.TO.
Loading charts...
Drawdown Indicators
| CMAR.TO | EHE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.07% | -38.20% | +26.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -11.85% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.60% | -16.30% | +10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -12.07% | -22.91% | +10.84% |
Current DrawdownCurrent decline from peak | -0.00% | -0.97% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -5.32% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 3.13% | -2.63% |
Volatility
CMAR.TO vs. EHE.TO - Volatility Comparison
The current volatility for CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) is 0.84%, while CI Europe Hedged Equity Index ETF (EHE.TO) has a volatility of 5.06%. This indicates that CMAR.TO experiences smaller price fluctuations and is considered to be less risky than EHE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMAR.TO | EHE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 5.06% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 13.37% | -11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 16.28% | -12.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 18.09% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 17.45% | -12.08% |
Dividends
CMAR.TO vs. EHE.TO - Dividend Comparison
CMAR.TO's dividend yield for the trailing twelve months is around 4.42%, more than EHE.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 4.42% | 4.42% | 4.44% | 4.39% | 3.49% | 2.93% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% |
EHE.TO CI Europe Hedged Equity Index ETF | 2.16% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% |
Frequently Asked Questions
CMAR.TO and EHE.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMAR.TO is categorized as Nontraditional Bonds, while EHE.TO is Europe Equities.
Find the right allocation for CMAR.TO and EHE.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