CMGG.TO vs. DRFG.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and DRFG.TO (Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, CMGG.TO returned 16.60%/yr vs 13.44%/yr for DRFG.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
CMGG.TO vs. DRFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMGG.TO achieves a 12.75% return, which is significantly lower than DRFG.TO's 13.90% return.
CMGG.TO
- 1D
- -0.77%
- 1M
- -7.10%
- 6M
- 9.48%
- YTD
- 12.75%
- 1Y
- 19.73%
- 3Y*
- 30.17%
- 5Y*
- 16.60%
- 10Y*
- —
DRFG.TO
- 1D
- -0.94%
- 1M
- -1.27%
- 6M
- 10.30%
- YTD
- 13.90%
- 1Y
- 29.11%
- 3Y*
- 23.18%
- 5Y*
- 13.44%
- 10Y*
- —
CMGG.TO vs. DRFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 12.75% | 21.00% | 52.95% | 24.21% | -21.16% | 10.52% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 13.90% | 24.31% | 26.78% | 12.68% | -12.16% | 15.09% |
Correlation
The correlation between CMGG.TO and DRFG.TO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.36 |
Over the past year, CMGG.TO and DRFG.TO have become more correlated (0.66) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
CMGG.TO vs. DRFG.TO — Risk / Return Rank
CMGG.TO
DRFG.TO
CMGG.TO vs. DRFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.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.
| CMGG.TO | DRFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.48 | -1.53 |
| Martin ratioReturn relative to average drawdown | 4.98 | 13.73 | -8.74 |
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Drawdowns
CMGG.TO vs. DRFG.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, roughly equal to the maximum DRFG.TO drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and DRFG.TO.
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Drawdown Indicators
| CMGG.TO | DRFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -27.73% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.40% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -16.44% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -21.09% | -7.91% |
Current DrawdownCurrent decline from peak | -9.93% | -2.91% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -4.62% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.13% | +1.84% |
Volatility
CMGG.TO vs. DRFG.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 8.53% compared to Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) at 3.31%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than DRFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMGG.TO | DRFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 3.31% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 10.85% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 12.99% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 12.73% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 14.24% | +4.63% |
Dividends
CMGG.TO vs. DRFG.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while DRFG.TO's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRFG.TO Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF | 1.57% | 2.14% | 1.40% | 1.49% | 1.58% | 1.37% | 1.59% | 1.68% |
Frequently Asked Questions
CMGG.TO and DRFG.TO have a correlation of 0.66, 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 Desjardins.
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