CMGG.TO vs. XEQT.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and XEQT.TO (iShares Core Equity ETF Portfolio) are both Global Equities funds. Both are actively managed. Over the past 5 years, CMGG.TO returned 20.56%/yr vs 13.72%/yr for XEQT.TO. At a 0.50 correlation, their price movements are largely independent. CMGG.TO charges 0.90%/yr vs 0.20%/yr for XEQT.TO.
Performance
CMGG.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMGG.TO achieves a 21.24% return, which is significantly higher than XEQT.TO's 12.29% 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*
- —
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
CMGG.TO vs. XEQT.TO - 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% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 15.75% |
Correlation
The correlation between CMGG.TO and XEQT.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.50 |
Over the past year, CMGG.TO and XEQT.TO have become more correlated (0.75) than their long-term average of 0.50, meaning their price movements have been converging.
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Return for Risk
CMGG.TO vs. XEQT.TO — Risk / Return Rank
CMGG.TO
XEQT.TO
CMGG.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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.
| CMGG.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.56 | +0.29 |
| Martin ratioReturn relative to average drawdown | 10.77 | 15.50 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMGG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.53 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.05 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.95 | +0.03 |
Drawdowns
CMGG.TO vs. XEQT.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, roughly equal to the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and XEQT.TO.
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Drawdown Indicators
| CMGG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -29.74% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -8.25% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -15.08% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -19.56% | -9.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -4.11% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.89% | +1.73% |
Volatility
CMGG.TO vs. XEQT.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 6.68% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.70%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.70% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.38% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 11.63% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 13.12% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 15.56% | +2.93% |
CMGG.TO vs. XEQT.TO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
CMGG.TO vs. XEQT.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while XEQT.TO's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% |
Frequently Asked Questions
CMGG.TO and XEQT.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.90% for CMGG.TO.
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 XEQT.TO.
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