CMGG.TO vs. XGRO.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - CMGG.TO is a Global Equities fund actively managed by CI Global Asset Management, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. Both are actively managed. Over the past 5 years, CMGG.TO returned 20.56%/yr vs 10.83%/yr for XGRO.TO. At a 0.49 correlation, their price movements are largely independent. CMGG.TO charges 0.90%/yr vs 0.20%/yr for XGRO.TO.
Performance
CMGG.TO vs. XGRO.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 XGRO.TO's 10.38% 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*
- —
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
CMGG.TO vs. XGRO.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% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 12.02% |
Correlation
The correlation between CMGG.TO and XGRO.TO is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
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 | 0.49 |
Over the past year, CMGG.TO and XGRO.TO have become more correlated (0.70) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
CMGG.TO vs. XGRO.TO — Risk / Return Rank
CMGG.TO
XGRO.TO
CMGG.TO vs. XGRO.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 Growth ETF Portfolio (XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.30 | +0.54 |
| Martin ratioReturn relative to average drawdown | 10.77 | 14.67 | -3.90 |
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 | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.18 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.99 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.35 | +0.62 |
Drawdowns
CMGG.TO vs. XGRO.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and XGRO.TO.
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Drawdown Indicators
| CMGG.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -47.97% | +18.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -7.12% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -12.47% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -18.40% | -10.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.85% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -8.49% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.60% | +2.02% |
Volatility
CMGG.TO vs. XGRO.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 6.68% compared to iShares Core Growth ETF Portfolio (XGRO.TO) at 3.43%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.43% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.19% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 10.78% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 11.05% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 12.26% | +6.23% |
CMGG.TO vs. XGRO.TO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than XGRO.TO's 0.20% expense ratio.
Dividends
CMGG.TO vs. XGRO.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while XGRO.TO's dividend yield for the trailing twelve months is around 1.76%.
| Position | TTM | 2025 | 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% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
CMGG.TO and XGRO.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.90% for CMGG.TO.
CMGG.TO is categorized as Global Equities, while XGRO.TO is Diversified Portfolio. 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 XGRO.TO.
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