CMNY.TO vs. FHI.TO
CMNY.TO (CI Money Market ETF CAD Series) and FHI.TO (CI Health Care Giants Covered Call ETF) are both exchange-traded funds - CMNY.TO is a Money Market fund actively managed by CI, while FHI.TO is a Derivative Income fund actively managed by CI. Both are actively managed. Over the past year, CMNY.TO returned 2.50% vs 17.45% for FHI.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
CMNY.TO vs. FHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMNY.TO achieves a 1.31% return, which is significantly lower than FHI.TO's 4.47% return.
CMNY.TO
- 1D
- 0.04%
- 1M
- 0.24%
- 6M
- 1.21%
- YTD
- 1.31%
- 1Y
- 2.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHI.TO
- 1D
- 0.09%
- 1M
- 6.38%
- 6M
- 2.60%
- YTD
- 4.47%
- 1Y
- 17.45%
- 3Y*
- 6.36%
- 5Y*
- 5.82%
- 10Y*
- —
CMNY.TO vs. FHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMNY.TO CI Money Market ETF CAD Series | 1.31% | 2.83% | 4.77% | 2.00% |
FHI.TO CI Health Care Giants Covered Call ETF | 4.47% | 11.94% | -0.77% | 2.06% |
Correlation
The correlation between CMNY.TO and FHI.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.01 |
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Return for Risk
CMNY.TO vs. FHI.TO — Risk / Return Rank
CMNY.TO
FHI.TO
CMNY.TO vs. FHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Money Market ETF CAD Series (CMNY.TO) and CI Health Care Giants Covered Call ETF (FHI.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.
| CMNY.TO | FHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.11 | ||
| Sortino ratioReturn per unit of downside risk | +15.01 | ||
| Omega ratioGain probability vs. loss probability | 3.59 | 1.23 | +2.36 |
| Calmar ratioReturn relative to maximum drawdown | 50.18 | 1.98 | +48.20 |
| Martin ratioReturn relative to average drawdown | 199.02 | 4.56 | +194.46 |
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Drawdowns
CMNY.TO vs. FHI.TO - Drawdown Comparison
The maximum CMNY.TO drawdown since its inception was -0.83%, smaller than the maximum FHI.TO drawdown of -29.85%. Use the drawdown chart below to compare losses from any high point for CMNY.TO and FHI.TO.
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Drawdown Indicators
| CMNY.TO | FHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -29.85% | +29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -8.87% | +8.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.43% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -4.44% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.84% | -3.83% |
Volatility
CMNY.TO vs. FHI.TO - Volatility Comparison
The current volatility for CI Money Market ETF CAD Series (CMNY.TO) is 0.10%, while CI Health Care Giants Covered Call ETF (FHI.TO) has a volatility of 4.84%. This indicates that CMNY.TO experiences smaller price fluctuations and is considered to be less risky than FHI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMNY.TO | FHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 4.84% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 9.93% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.34% | 13.88% | -13.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 14.23% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 16.53% | -15.53% |
Dividends
CMNY.TO vs. FHI.TO - Dividend Comparison
CMNY.TO's dividend yield for the trailing twelve months is around 2.48%, less than FHI.TO's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMNY.TO CI Money Market ETF CAD Series | 2.48% | 2.89% | 4.64% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHI.TO CI Health Care Giants Covered Call ETF | 6.81% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
Frequently Asked Questions
CMNY.TO and FHI.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMNY.TO is categorized as Money Market, while FHI.TO is Derivative Income.
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