CMGG.TO vs. QQCI.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - CMGG.TO is a Global Equities fund actively managed by CI Global Asset Management, while QQCI.TO is a Nasdaq-100 fund actively managed by CI Global Asset Management. Both are actively managed. Over the past year, CMGG.TO returned 19.14% vs 23.66% for QQCI.TO. A 0.73 correlation means they provide meaningful diversification when combined. CMGG.TO charges 0.90%/yr vs 0.21%/yr for QQCI.TO.
Performance
CMGG.TO vs. QQCI.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CMGG.TO having a 12.52% return and QQCI.TO slightly lower at 12.05%.
CMGG.TO
- 1D
- -0.96%
- 1M
- -7.21%
- 6M
- 12.43%
- YTD
- 12.52%
- 1Y
- 19.14%
- 3Y*
- 31.27%
- 5Y*
- 16.65%
- 10Y*
- —
- ALL TIME*
- 15.84%
QQCI.TO
- 1D
- -0.97%
- 1M
- -2.73%
- 6M
- 10.61%
- YTD
- 12.05%
- 1Y
- 23.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$370.22K | CA$731.85K | CA$972.00K | |
| CA$110.99K | CA$82.96K | CA$149.10K |
CMGG.TO vs. QQCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 12.52% | 21.00% | 14.45% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 12.05% | 12.64% | 11.81% |
Correlation
The correlation between CMGG.TO and QQCI.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 0.73 |
The correlation between CMGG.TO and QQCI.TO has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
CMGG.TO vs. QQCI.TO — Risk / Return Rank
CMGG.TO
QQCI.TO
CMGG.TO vs. QQCI.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 Invesco NASDAQ 100 Income Advantage ETF (QQCI.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 | QQCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.12 | -1.24 |
| Martin ratioReturn relative to average drawdown | 4.59 | 9.99 | -5.40 |
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Drawdowns
CMGG.TO vs. QQCI.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, which is greater than QQCI.TO's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and QQCI.TO.
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Drawdown Indicators
| CMGG.TO | QQCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -18.95% | -10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -7.62% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | — | — |
Current DrawdownCurrent decline from peak | -10.11% | -5.79% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -3.03% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 2.37% | +1.81% |
Volatility
CMGG.TO vs. QQCI.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 7.93% compared to Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) at 5.36%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than QQCI.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 | QQCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 5.36% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 11.34% | +5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 14.66% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 15.86% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 15.86% | +3.02% |
CMGG.TO vs. QQCI.TO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.
Dividends
CMGG.TO vs. QQCI.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while QQCI.TO's dividend yield for the trailing twelve months is around 9.13%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 9.13% | 9.34% | 3.17% |
Frequently Asked Questions
CMGG.TO and QQCI.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.90% for CMGG.TO.
CMGG.TO is categorized as Global Equities, while QQCI.TO is Nasdaq-100. Their fees differ too: 0.90% for CMGG.TO and 0.21% for QQCI.TO.
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