CMGG.TO vs. VVL.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. Both are actively managed. Over the past 5 years, CMGG.TO returned 16.60%/yr vs 15.08%/yr for VVL.TO. At a 0.28 correlation, their price movements are largely independent. CMGG.TO charges 0.90%/yr vs 0.38%/yr for VVL.TO.
Performance
CMGG.TO vs. VVL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMGG.TO achieves a 12.75% return, which is significantly lower than VVL.TO's 17.21% return.
CMGG.TO
- 1D
- -0.77%
- 1M
- -7.10%
- 6M
- 9.48%
- YTD
- 12.75%
- 1Y
- 19.73%
- 3Y*
- 30.17%
- 5Y*
- 16.60%
- 10Y*
- —
VVL.TO
- 1D
- -0.88%
- 1M
- 3.91%
- 6M
- 11.32%
- YTD
- 17.21%
- 1Y
- 30.32%
- 3Y*
- 20.05%
- 5Y*
- 15.08%
- 10Y*
- 12.27%
CMGG.TO vs. VVL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 12.75% | 21.00% | 52.95% | 24.21% | -21.16% | 10.52% |
VVL.TO Vanguard Global Value Factor ETF CAD | 17.21% | 18.01% | 15.01% | 16.57% | 0.50% | 23.17% |
Correlation
The correlation between CMGG.TO and VVL.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.28 |
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. VVL.TO — Risk / Return Rank
CMGG.TO
VVL.TO
CMGG.TO vs. VVL.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 Vanguard Global Value Factor ETF CAD (VVL.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 | VVL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.45 | -1.50 |
| Martin ratioReturn relative to average drawdown | 4.98 | 13.60 | -8.62 |
Loading charts...
Drawdowns
CMGG.TO vs. VVL.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and VVL.TO.
Loading charts...
Drawdown Indicators
| CMGG.TO | VVL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -43.88% | +14.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.83% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -18.07% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -18.07% | -10.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.88% | — |
Current DrawdownCurrent decline from peak | -9.93% | -0.88% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -5.73% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.24% | +1.73% |
Volatility
CMGG.TO vs. VVL.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 8.53% compared to Vanguard Global Value Factor ETF CAD (VVL.TO) at 3.21%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than VVL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMGG.TO | VVL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 3.21% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 9.57% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 13.84% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 16.07% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 18.77% | +0.10% |
CMGG.TO vs. VVL.TO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.
Dividends
CMGG.TO vs. VVL.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while VVL.TO's dividend yield for the trailing twelve months is around 1.61%.
| 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% |
VVL.TO Vanguard Global Value Factor ETF CAD | 1.61% | 1.89% | 2.19% | 2.69% | 2.57% | 1.50% | 1.70% | 2.65% | 2.15% | 1.35% | 0.60% |
Frequently Asked Questions
CMGG.TO and VVL.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVL.TO is cheaper with a 0.38% expense ratio, compared with 0.90% for CMGG.TO.
They also come from different issuers: CI Global Asset Management and Vanguard. Their fees differ too: 0.90% for CMGG.TO and 0.38% for VVL.TO.
Find the right allocation for CMGG.TO and VVL.TO
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