CMGG.TO vs. FINN.NEO
CMGG.TO (CI Munro Global Growth Equity Fund) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, CMGG.TO returned 30.17%/yr vs 40.06%/yr for FINN.NEO. A 0.68 correlation means they provide meaningful diversification when combined. CMGG.TO charges 0.90%/yr vs 1.09%/yr for FINN.NEO.
Performance
CMGG.TO vs. FINN.NEO - 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 FINN.NEO's 35.77% 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*
- —
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
CMGG.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 12.75% | 21.00% | 52.95% | 13.55% |
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between CMGG.TO and FINN.NEO is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.68 |
The correlation between CMGG.TO and FINN.NEO shifts across timeframes, from 0.68 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CMGG.TO vs. FINN.NEO — Risk / Return Rank
CMGG.TO
FINN.NEO
CMGG.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and Fidelity Global Innovators ETF (FINN.NEO). 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 | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 4.16 | -2.21 |
| Martin ratioReturn relative to average drawdown | 4.98 | 12.96 | -7.98 |
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Drawdowns
CMGG.TO vs. FINN.NEO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, which is greater than FINN.NEO's maximum drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and FINN.NEO.
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Drawdown Indicators
| CMGG.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -25.66% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -11.94% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -25.66% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | — | — |
Current DrawdownCurrent decline from peak | -9.93% | -6.49% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -3.98% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 3.83% | +0.14% |
Volatility
CMGG.TO vs. FINN.NEO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 8.53% compared to Fidelity Global Innovators ETF (FINN.NEO) at 6.48%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than FINN.NEO 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 | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 6.48% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 20.24% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 24.76% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 22.40% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 22.40% | -3.53% |
CMGG.TO vs. FINN.NEO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
CMGG.TO vs. FINN.NEO - Dividend Comparison
Neither CMGG.TO nor FINN.NEO has paid dividends to shareholders.
Frequently Asked Questions
CMGG.TO and FINN.NEO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMGG.TO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMGG.TO is cheaper with a 0.90% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: CI Global Asset Management and Fidelity. Their fees differ too: 0.90% for CMGG.TO and 1.09% for FINN.NEO.
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