CMGG.TO vs. GARP
Compare and contrast key facts about CI Munro Global Growth Equity Fund (CMGG.TO) and iShares MSCI USA Quality GARP ETF (GARP).
CMGG.TO and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMGG.TO is an actively managed fund by CI Global Asset Management. It was launched on Jan 12, 2021. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020.
Performance
CMGG.TO vs. GARP - Performance Comparison
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CMGG.TO vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | -1.82% | 21.00% | 52.95% | 24.21% | -21.16% | 11.08% |
GARP iShares MSCI USA Quality GARP ETF | -4.74% | 15.92% | 49.22% | 39.71% | -21.53% | 25.60% |
Different Trading Currencies
CMGG.TO is traded in CAD, while GARP is traded in USD. To make them comparable, the GARP 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 -1.82% return, which is significantly higher than GARP's -4.74% return.
CMGG.TO
- 1D
- 3.55%
- 1M
- -3.38%
- YTD
- -1.82%
- 6M
- -2.30%
- 1Y
- 27.32%
- 3Y*
- 28.28%
- 5Y*
- 14.77%
- 10Y*
- —
GARP
- 1D
- 3.75%
- 1M
- -3.95%
- YTD
- -4.74%
- 6M
- -2.48%
- 1Y
- 21.60%
- 3Y*
- 26.42%
- 5Y*
- 17.57%
- 10Y*
- —
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CMGG.TO vs. GARP - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than GARP's 0.15% expense ratio.
Return for Risk
CMGG.TO vs. GARP — Risk / Return Rank
CMGG.TO
GARP
CMGG.TO vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and iShares MSCI USA Quality GARP ETF (GARP). 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.
| CMGG.TO | GARP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.90 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.38 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.71 | +0.95 |
Martin ratioReturn relative to average drawdown | 7.08 | 5.68 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMGG.TO | GARP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.90 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.87 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.82 | -0.06 |
Correlation
The correlation between CMGG.TO and GARP is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMGG.TO vs. GARP - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while GARP's dividend yield for the trailing twelve months is around 0.32%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.32% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
CMGG.TO vs. GARP - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, roughly equal to the maximum GARP drawdown of -29.73%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and GARP.
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Drawdown Indicators
| CMGG.TO | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -31.34% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -13.69% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -30.61% | +1.61% |
Current DrawdownCurrent decline from peak | -6.96% | -10.35% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -7.53% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.71% | +0.10% |
Volatility
CMGG.TO vs. GARP - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) and iShares MSCI USA Quality GARP ETF (GARP) have volatilities of 7.09% and 7.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMGG.TO | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 7.40% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 14.19% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.52% | 23.97% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 20.24% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 22.28% | -3.88% |