CMNVX vs. EIT-UN.TO

Last updated Jun 6, 2026

CMNVX (Catholic Responsible Investments Magnus 45/55 Fund) and EIT-UN.TO (Canoe EIT Income Fund) are both Diversified Portfolio funds. Over the past 3 years, CMNVX returned 11.33%/yr vs 21.31%/yr for EIT-UN.TO. A 0.54 correlation means they provide meaningful diversification when combined. CMNVX charges 0.15%/yr vs 1.10%/yr for EIT-UN.TO.

Performance

CMNVX vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CMNVX is traded in USD, while EIT-UN.TO is traded in CAD. To make them comparable, the EIT-UN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CMNVX achieves a 5.75% return, which is significantly lower than EIT-UN.TO's 27.78% return.

CMNVX

• 1D: 0.18%
• 1M: 0.97%
• YTD: 5.75%
• 6M: 5.90%
• 1Y: 13.98%
• 3Y*: 11.33%
• 5Y*: —
• 10Y*: —

EIT-UN.TO

• 1D: 24.73%
• 1M: 23.14%
• YTD: 27.78%
• 6M: 36.24%
• 1Y: 39.33%
• 3Y*: 21.31%
• 5Y*: 125.33%
• 10Y*: 117.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMNVX vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CMNVX Catholic Responsible Investments Magnus 45/55 Fund	5.75%	11.29%	9.60%	13.32%	-13.99%	1.88%
EIT-UN.TO Canoe EIT Income Fund	27.76%	8.40%	18.12%	8.35%	3.10%	3,039.87%

Correlation

The correlation between CMNVX and EIT-UN.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021	0.54

Over the past year, the correlation between CMNVX and EIT-UN.TO has dropped to 0.34 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

CMNVX vs. EIT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMNVX

CMNVX Risk / Return Rank: 58
CMNVX Sharpe Ratio Rank: 58
CMNVX Sortino Ratio Rank: 60
CMNVX Omega Ratio Rank: 60
CMNVX Calmar Ratio Rank: 52
CMNVX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMNVX vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) and Canoe EIT Income Fund (EIT-UN.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.

	CMNVX	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.55	+0.64
Sortino ratio: Return per unit of downside risk	3.17	12.31	-9.14
Omega ratio: Gain probability vs. loss probability	1.41	2.37	-0.96
Calmar ratio: Return relative to maximum drawdown	2.68	18.12	-15.43
Martin ratio: Return relative to average drawdown	11.84	43.52	-31.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMNVX vs. EIT-UN.TO - Sharpe Ratio Comparison

The current CMNVX Sharpe Ratio is 2.19, which is higher than the EIT-UN.TO Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CMNVX and EIT-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMNVX	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.55	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.09	+0.60

Drawdowns

CMNVX vs. EIT-UN.TO - Drawdown Comparison

The maximum CMNVX drawdown since its inception was -18.25%, smaller than the maximum EIT-UN.TO drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for CMNVX and EIT-UN.TO.

Drawdown Indicators

	CMNVX	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-54.80%	+36.55%
Max Drawdown (1Y) Largest decline over 1 year	-5.15%	-2.18%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-8.14%	-10.16%	+2.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.80%	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.96%	-6.33%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	0.91%	+0.26%

Volatility

CMNVX vs. EIT-UN.TO - Volatility Comparison

The current volatility for Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) is 1.99%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 22.20%. This indicates that CMNVX experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMNVX	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	22.20%	-20.21%
Volatility (6M) Calculated over the trailing 6-month period	5.04%	22.69%	-17.65%
Volatility (1Y) Calculated over the trailing 1-year period	6.33%	27.43%	-21.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.25%	1,192.51%	-1,184.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	1,019.20%	-1,010.95%

CMNVX vs. EIT-UN.TO - Expense Ratio Comparison

CMNVX has a 0.15% expense ratio, which is lower than EIT-UN.TO's 1.10% expense ratio.

Dividends

CMNVX vs. EIT-UN.TO - Dividend Comparison

CMNVX's dividend yield for the trailing twelve months is around 4.44%, less than EIT-UN.TO's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMNVX Catholic Responsible Investments Magnus 45/55 Fund	4.44%	4.70%	2.92%	2.51%	1.57%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EIT-UN.TO Canoe EIT Income Fund	10.06%	12.56%	7.90%	9.29%	8.97%	104.98%	108.64%	11.53%	11.62%	11.01%	10.06%	10.71%

Frequently Asked Questions

Can I hold both CMNVX and EIT-UN.TO in my portfolio?

CMNVX and EIT-UN.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.