CMDO.TO vs. QQCI.TO
CMDO.TO (CI Alternative Diversified Opportunities Fund) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - CMDO.TO is a Nontraditional Bonds fund actively managed by CI Global Asset Management, while QQCI.TO is a Nasdaq-100 fund actively managed by CI Global Asset Management. Both are actively managed. Over the past year, CMDO.TO returned 4.53% vs 23.66% for QQCI.TO. At a 0.12 correlation, their price movements are largely independent. CMDO.TO charges 1.32%/yr vs 0.21%/yr for QQCI.TO.
Performance
CMDO.TO vs. QQCI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMDO.TO achieves a 1.93% return, which is significantly lower than QQCI.TO's 12.05% 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%
QQCI.TO
- 1D
- -0.97%
- 1M
- -2.73%
- 6M
- 10.61%
- YTD
- 12.05%
- 1Y
- 23.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$15.20K | CA$29.38K | CA$28.11K | |
| CA$110.99K | CA$82.96K | CA$149.10K |
CMDO.TO vs. QQCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CMDO.TO CI Alternative Diversified Opportunities Fund | 1.93% | 7.40% | 1.03% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 12.05% | 12.64% | 11.81% |
Correlation
The correlation between CMDO.TO and QQCI.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 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
CMDO.TO vs. QQCI.TO — Risk / Return Rank
CMDO.TO
QQCI.TO
CMDO.TO vs. QQCI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Alternative Diversified Opportunities Fund (CMDO.TO) and Invesco NASDAQ 100 Income Advantage ETF (QQCI.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 | QQCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.12 | +0.01 |
| Martin ratioReturn relative to average drawdown | 12.24 | 9.99 | +2.25 |
Loading charts...
Drawdowns
CMDO.TO vs. QQCI.TO - Drawdown Comparison
The maximum CMDO.TO drawdown since its inception was -6.85%, smaller than the maximum QQCI.TO drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for CMDO.TO and QQCI.TO.
Loading charts...
Drawdown Indicators
| CMDO.TO | QQCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.85% | -18.95% | +12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -7.62% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -5.79% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -3.03% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.37% | -1.98% |
Volatility
CMDO.TO vs. QQCI.TO - Volatility Comparison
The current volatility for CI Alternative Diversified Opportunities Fund (CMDO.TO) is 1.00%, while Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a volatility of 5.36%. This indicates that CMDO.TO experiences smaller price fluctuations and is considered to be less risky than QQCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMDO.TO | QQCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 5.36% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 11.34% | -8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 14.66% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 15.86% | -9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 15.86% | -9.80% |
CMDO.TO vs. QQCI.TO - Expense Ratio Comparison
CMDO.TO has a 1.32% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.
Dividends
CMDO.TO vs. QQCI.TO - Dividend Comparison
CMDO.TO's dividend yield for the trailing twelve months is around 3.84%, less than QQCI.TO's 9.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMDO.TO CI Alternative Diversified Opportunities Fund | 3.84% | 3.84% | 3.97% | 3.96% | 2.15% | 1.00% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 9.13% | 9.34% | 3.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMDO.TO and QQCI.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQCI.TO is cheaper with a 0.21% expense ratio, compared with 1.32% for CMDO.TO.
CMDO.TO is categorized as Nontraditional Bonds, while QQCI.TO is Nasdaq-100. Their fees differ too: 1.32% for CMDO.TO and 0.21% for QQCI.TO.
Find the right allocation for CMDO.TO and QQCI.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