CMGG.TO vs. ONEQ.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, CMGG.TO returned 19.73%/yr vs 12.91%/yr for ONEQ.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
CMGG.TO vs. ONEQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMGG.TO achieves a 24.63% return, which is significantly higher than ONEQ.TO's 12.41% 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*
- —
ONEQ.TO
- 1D
- -0.02%
- 1M
- -0.52%
- YTD
- 12.41%
- 6M
- 12.14%
- 1Y
- 26.29%
- 3Y*
- 21.18%
- 5Y*
- 12.91%
- 10Y*
- 12.40%
CMGG.TO vs. ONEQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 24.63% | 21.00% | 52.95% | 24.21% | -21.16% | 10.52% |
ONEQ.TO CI Global Core Plus Equity ETF | 12.41% | 17.62% | 22.45% | 19.07% | -10.74% | 18.73% |
Correlation
The correlation between CMGG.TO and ONEQ.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.42 |
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Return for Risk
CMGG.TO vs. ONEQ.TO — Risk / Return Rank
CMGG.TO
ONEQ.TO
CMGG.TO vs. ONEQ.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 CI Global Core Plus Equity ETF (ONEQ.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 | ONEQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.08 | -0.63 |
| Martin ratioReturn relative to average drawdown | 9.44 | 18.06 | -8.62 |
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Drawdowns
CMGG.TO vs. ONEQ.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and ONEQ.TO.
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Drawdown Indicators
| CMGG.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -34.40% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -6.66% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -16.08% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -17.61% | -11.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.40% | — |
Current DrawdownCurrent decline from peak | -0.44% | -1.58% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -3.71% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.50% | +2.21% |
Volatility
CMGG.TO vs. ONEQ.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 9.41% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 3.68%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.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 | ONEQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 3.68% | +5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 9.89% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 11.89% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.63% | 13.27% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 13.93% | +4.83% |
Dividends
CMGG.TO vs. ONEQ.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while ONEQ.TO's dividend yield for the trailing twelve months is around 1.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ONEQ.TO CI Global Core Plus Equity ETF | 1.62% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% |
Frequently Asked Questions
CMGG.TO and ONEQ.TO have a correlation of 0.36, 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 CI.
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