CMDO.TO vs. CMAR.TO
CMDO.TO (CI Alternative Diversified Opportunities Fund) and CMAR.TO (CI Marret Alternative Absolute Return Bond Fund) are both Nontraditional Bonds funds. Both are actively managed. Over the past 3 years, CMDO.TO returned 5.51%/yr vs 4.40%/yr for CMAR.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
CMDO.TO vs. CMAR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMDO.TO achieves a 1.93% return, which is significantly higher than CMAR.TO's 1.34% return.
CMDO.TO
- 1D
- -0.30%
- 1M
- -0.74%
- 6M
- 0.97%
- YTD
- 1.93%
- 1Y
- 4.53%
- 3Y*
- 5.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.44%
CMAR.TO
- 1D
- -0.22%
- 1M
- -0.83%
- 6M
- 0.56%
- YTD
- 1.34%
- 1Y
- 3.25%
- 3Y*
- 4.40%
- 5Y*
- 1.22%
- 10Y*
- —
- ALL TIME*
- 2.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.74K | CA$13.95K | CA$15.58K | |
| CA$15.20K | CA$29.38K | CA$28.11K |
CMDO.TO vs. CMAR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMDO.TO CI Alternative Diversified Opportunities Fund | 1.93% | 7.40% | 3.86% | 5.89% | -2.66% | 0.80% |
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 1.34% | 4.98% | 3.37% | 5.33% | -8.32% | 0.25% |
Correlation
The correlation between CMDO.TO and CMAR.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2021 | 0.40 |
The correlation between CMDO.TO and CMAR.TO shifts across timeframes, from 0.25 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMDO.TO vs. CMAR.TO — Risk / Return Rank
CMDO.TO
CMAR.TO
CMDO.TO vs. CMAR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Alternative Diversified Opportunities Fund (CMDO.TO) and CI Marret Alternative Absolute Return Bond Fund (CMAR.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.
| CMDO.TO | CMAR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.73 | +1.41 |
| Martin ratioReturn relative to average drawdown | 12.24 | 6.70 | +5.53 |
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Drawdowns
CMDO.TO vs. CMAR.TO - Drawdown Comparison
The maximum CMDO.TO drawdown since its inception was -6.85%, smaller than the maximum CMAR.TO drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for CMDO.TO and CMAR.TO.
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Drawdown Indicators
| CMDO.TO | CMAR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.85% | -12.07% | +5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.92% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -5.12% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.07% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.83% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -2.83% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.49% | -0.10% |
Volatility
CMDO.TO vs. CMAR.TO - Volatility Comparison
CI Alternative Diversified Opportunities Fund (CMDO.TO) has a higher volatility of 1.00% compared to CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) at 0.94%. This indicates that CMDO.TO's price experiences larger fluctuations and is considered to be riskier than CMAR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMDO.TO | CMAR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.94% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.08% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.49% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 5.82% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 5.36% | +0.70% |
Dividends
CMDO.TO vs. CMAR.TO - Dividend Comparison
CMDO.TO's dividend yield for the trailing twelve months is around 3.84%, less than CMAR.TO's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 4.46% | 4.42% | 4.44% | 4.39% | 3.49% | 2.93% | 2.39% |
CMDO.TO CI Alternative Diversified Opportunities Fund | 3.84% | 3.84% | 3.97% | 3.96% | 2.15% | 1.00% | 0.00% |
Frequently Asked Questions
CMDO.TO and CMAR.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI Global Asset Management and CI.
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