CMGG.TO vs. XMW.TO
CMGG.TO (CI Munro Global Growth Equity Fund) and XMW.TO (iShares MSCI Min Vol Global Index ETF) are both Global Equities funds. CMGG.TO is actively managed, while XMW.TO is passively managed. Over the past 5 years, CMGG.TO returned 20.56%/yr vs 7.90%/yr for XMW.TO. At a 0.26 correlation, their price movements are largely independent. CMGG.TO charges 0.90%/yr vs 0.48%/yr for XMW.TO.
Performance
CMGG.TO vs. XMW.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 XMW.TO's 3.60% 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*
- —
XMW.TO
- 1D
- 0.07%
- 1M
- 3.38%
- YTD
- 3.60%
- 6M
- 2.07%
- 1Y
- 5.74%
- 3Y*
- 10.78%
- 5Y*
- 7.90%
- 10Y*
- 7.50%
CMGG.TO vs. XMW.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% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 3.60% | 5.84% | 20.05% | 4.68% | -4.33% | 12.23% |
Correlation
The correlation between CMGG.TO and XMW.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.26 |
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Return for Risk
CMGG.TO vs. XMW.TO — Risk / Return Rank
CMGG.TO
XMW.TO
CMGG.TO vs. XMW.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 MSCI Min Vol Global Index ETF (XMW.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 | XMW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.14 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 1.12 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.77 | 3.08 | +7.69 |
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 | XMW.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 0.75 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.91 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.94 | +0.03 |
Drawdowns
CMGG.TO vs. XMW.TO - Drawdown Comparison
The maximum CMGG.TO drawdown since its inception was -29.00%, which is greater than XMW.TO's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for CMGG.TO and XMW.TO.
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Drawdown Indicators
| CMGG.TO | XMW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -21.42% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -5.14% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -8.59% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -14.45% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.58% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -2.74% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.87% | +1.75% |
Volatility
CMGG.TO vs. XMW.TO - Volatility Comparison
CI Munro Global Growth Equity Fund (CMGG.TO) has a higher volatility of 6.68% compared to iShares MSCI Min Vol Global Index ETF (XMW.TO) at 1.87%. This indicates that CMGG.TO's price experiences larger fluctuations and is considered to be riskier than XMW.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 | XMW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 1.87% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 5.59% | +7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 7.67% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 8.70% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 11.07% | +7.42% |
CMGG.TO vs. XMW.TO - Expense Ratio Comparison
CMGG.TO has a 0.90% expense ratio, which is higher than XMW.TO's 0.48% expense ratio.
Dividends
CMGG.TO vs. XMW.TO - Dividend Comparison
CMGG.TO has not paid dividends to shareholders, while XMW.TO's dividend yield for the trailing twelve months is around 1.52%.
| 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% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 1.52% | 1.58% | 1.81% | 1.98% | 1.66% | 1.43% | 1.52% | 2.20% | 2.01% | 1.61% | 2.02% | 1.85% |
Frequently Asked Questions
CMGG.TO and XMW.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMW.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMW.TO is cheaper with a 0.48% 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 0.48% for XMW.TO.
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