CMGG.TO vs. SPMO
Compare and contrast key facts about CI Munro Global Growth Equity Fund (CMGG.TO) and Invesco S&P 500® Momentum ETF (SPMO).
CMGG.TO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMGG.TO or SPMO.
Correlation
The correlation between CMGG.TO and SPMO 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.
Performance
CMGG.TO vs. SPMO - Performance Comparison
Key characteristics
CMGG.TO:
2.07
SPMO:
2.10
CMGG.TO:
2.66
SPMO:
2.79
CMGG.TO:
1.38
SPMO:
1.37
CMGG.TO:
3.39
SPMO:
2.94
CMGG.TO:
11.25
SPMO:
11.82
CMGG.TO:
3.68%
SPMO:
3.27%
CMGG.TO:
20.05%
SPMO:
18.44%
CMGG.TO:
-29.00%
SPMO:
-30.95%
CMGG.TO:
-3.42%
SPMO:
-0.48%
Returns By Period
In the year-to-date period, CMGG.TO achieves a 6.36% return, which is significantly lower than SPMO's 7.78% return.
CMGG.TO
6.36%
5.25%
25.04%
42.34%
N/A
N/A
SPMO
7.78%
7.30%
18.71%
40.14%
19.39%
N/A
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CMGG.TO vs. SPMO - Expense Ratio Comparison
Risk-Adjusted Performance
CMGG.TO vs. SPMO — Risk-Adjusted Performance Rank
CMGG.TO
SPMO
CMGG.TO vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Munro Global Growth Equity Fund (CMGG.TO) and Invesco S&P 500® Momentum ETF (SPMO). 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.
Dividends
CMGG.TO vs. SPMO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 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% |
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
CMGG.TO vs. SPMO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and SPMO. For additional features, visit the drawdowns tool.
Volatility
CMGG.TO vs. SPMO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 8.06% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.03%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.