CMGG.TO vs. IWY
CMGG.TO (CI Munro Global Growth Equity Fund) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - CMGG.TO is a Global Equities fund actively managed by CI Global Asset Management, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. CMGG.TO is actively managed, while IWY is passively managed. Over the past 5 years, CMGG.TO returned 20.56%/yr vs 19.77%/yr for IWY. At a 0.49 correlation, their price movements are largely independent. CMGG.TO charges 0.90%/yr vs 0.20%/yr for IWY.
Performance
CMGG.TO vs. IWY - Performance Comparison
Loading charts...
Different Trading Currencies
CMGG.TO is traded in CAD, while IWY is traded in USD. To make them comparable, the IWY 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 21.24% return, which is significantly higher than IWY's 8.57% return.
CMGG.TO
- 1D
- 0.12%
- 1M
- 10.96%
- YTD
- 21.24%
- 6M
- 21.36%
- 1Y
- 38.88%
- 3Y*
- 35.34%
- 5Y*
- 20.56%
- 10Y*
- —
IWY
- 1D
- -1.00%
- 1M
- 7.94%
- YTD
- 8.57%
- 6M
- 6.24%
- 1Y
- 28.32%
- 3Y*
- 26.93%
- 5Y*
- 19.77%
- 10Y*
- 20.44%
CMGG.TO vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 21.24% | 21.00% | 52.95% | 24.21% | -21.16% | 11.08% |
IWY iShares Russell Top 200 Growth ETF | 8.57% | 12.77% | 46.48% | 43.27% | -24.92% | 31.74% |
Correlation
The correlation between CMGG.TO and IWY is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.49 |
Over the past year, CMGG.TO and IWY have become more correlated (0.71) than their long-term average of 0.49, meaning their price movements have been converging.
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
CMGG.TO vs. IWY — Risk / Return Rank
CMGG.TO
IWY
CMGG.TO vs. IWY - 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 Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 1.70 | +2.15 |
| Martin ratioReturn relative to average drawdown | 10.77 | 4.87 | +5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CMGG.TO | IWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.86 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.00 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.12 | -0.14 |
Drawdowns
CMGG.TO vs. IWY - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, roughly equal to the maximum IWY drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and IWY.
Loading charts...
Drawdown Indicators
| CMGG.TO | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -30.49% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -16.75% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -23.71% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -30.49% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -4.42% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 5.83% | -2.21% |
Volatility
CMGG.TO vs. IWY - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 6.68% compared to iShares Russell Top 200 Growth ETF (IWY) at 3.53%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMGG.TO | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.53% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.39% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 15.27% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 19.88% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 19.52% | -1.03% |
CMGG.TO vs. IWY - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
CMGG.TO vs. IWY - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while IWY's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.33% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
CMGG.TO and IWY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWY is cheaper with a 0.20% expense ratio, compared with 0.90% for CMGG.TO.
CMGG.TO is categorized as Global Equities, while IWY is Large Cap Growth Equities. They also come from different issuers: CI Global Asset Management and iShares. Their fees differ too: 0.90% for CMGG.TO and 0.20% for IWY.
Find the right allocation for CMGG.TO and IWY
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