CMGG.TO vs. BMNR

Last updated Jul 1, 2026

CMGG.TO (CI Munro Global Growth Equity Fund) is Global Equities fund actively managed by CI Global Asset Management, while BMNR (BitMine Immersion Technologies, Inc.) is a stock. Over the past year, CMGG.TO returned 34.87% vs -59.21% for BMNR. At a 0.35 correlation, their price movements are largely independent.

Performance

CMGG.TO vs. BMNR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Munro Global Growth Equity Fund (CMGG.TO) and BitMine Immersion Technologies, Inc. (BMNR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CMGG.TO is traded in CAD, while BMNR is traded in USD. To make them comparable, the BMNR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CMGG.TO achieves a 24.63% return, which is significantly higher than BMNR's -49.13% return.

CMGG.TO

• 1D: 1.50%
• 1M: 5.72%
• YTD: 24.63%
• 6M: 24.63%
• 1Y: 34.87%
• 3Y*: 35.88%
• 5Y*: 19.73%
• 10Y*: —

BMNR

• 1D: -3.42%
• 1M: -28.79%
• YTD: -49.13%
• 6M: -50.15%
• 1Y: -59.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMGG.TO vs. BMNR - Yearly Performance Comparison

	2026 (YTD)	2025
CMGG.TO CI Munro Global Growth Equity Fund	24.63%	14.09%
BMNR BitMine Immersion Technologies, Inc.	-49.13%	275.02%

Correlation

The correlation between CMGG.TO and BMNR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.35

Return for Risk

CMGG.TO vs. BMNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMGG.TO

CMGG.TO Risk / Return Rank: 67
CMGG.TO Sharpe Ratio Rank: 68
CMGG.TO Sortino Ratio Rank: 63
CMGG.TO Omega Ratio Rank: 65
CMGG.TO Calmar Ratio Rank: 78
CMGG.TO Martin Ratio Rank: 62

BMNR

BMNR Risk / Return Rank: 31
BMNR Sharpe Ratio Rank: 29
BMNR Sortino Ratio Rank: 41
BMNR Omega Ratio Rank: 40
BMNR Calmar Ratio Rank: 18
BMNR Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMGG.TO vs. BMNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and BitMine Immersion Technologies, Inc. (BMNR). 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.

	CMGG.TO	BMNR	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.33	+2.22
Sortino ratio: Return per unit of downside risk	2.52	0.39	+2.13
Omega ratio: Gain probability vs. loss probability	1.33	1.05	+0.29
Calmar ratio: Return relative to maximum drawdown	3.45	-0.66	+4.11
Martin ratio: Return relative to average drawdown	9.44	-0.79	+10.23

CMGG.TO vs. BMNR - Sharpe Ratio Comparison

The current CMGG.TO Sharpe Ratio is 1.89, which is higher than the BMNR Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of CMGG.TO and BMNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CMGG.TO vs. BMNR - Drawdown Comparison

The maximum CMGG.TO drawdown since its inception was -29.00%, smaller than the maximum BMNR drawdown of -89.69%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and BMNR.

Drawdown Indicators

	CMGG.TO	BMNR	Difference
Max Drawdown Largest peak-to-trough decline	-29.00%	-89.69%	+60.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-89.69%	+79.54%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	—	—
Current Drawdown Current decline from peak	-0.44%	-89.69%	+89.25%
Average Drawdown Average peak-to-trough decline	-8.81%	-71.18%	+62.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	75.24%	-71.53%

Volatility

CMGG.TO vs. BMNR - Volatility Comparison

The current volatility for CI Munro Global Growth Equity Fund (CMGG.TO) is 9.41%, while BitMine Immersion Technologies, Inc. (BMNR) has a volatility of 22.53%. This indicates that CMGG.TO experiences smaller price fluctuations and is considered to be less risky than BMNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMGG.TO	BMNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	22.53%	-13.12%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	59.33%	-43.90%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	719.38%	-700.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	698.11%	-679.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	698.11%	-679.35%

Dividends

CMGG.TO vs. BMNR - Dividend Comparison

CMGG.TO has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025
BMNR BitMine Immersion Technologies, Inc.	0.08%	0.04%
CMGG.TO CI Munro Global Growth Equity Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both CMGG.TO and BMNR in my portfolio?

CMGG.TO and BMNR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.