DGRC.TO vs. CCEF
DGRC.TO (CI Canada Quality Dividend Growth Index ETF) and CCEF (Calamos CEF Income & Arbitrage ETF) are both Dividend funds. Over the past year, DGRC.TO returned 31.08% vs 17.11% for CCEF. At a 0.42 correlation, their price movements are largely independent. DGRC.TO charges 0.23%/yr vs 2.74%/yr for CCEF.
Performance
DGRC.TO vs. CCEF - Performance Comparison
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Different Trading Currencies
DGRC.TO is traded in CAD, while CCEF is traded in USD. To make them comparable, the CCEF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGRC.TO achieves a 14.35% return, which is significantly higher than CCEF's 8.87% return.
DGRC.TO
- 1D
- -0.67%
- 1M
- -0.27%
- YTD
- 14.35%
- 6M
- 13.66%
- 1Y
- 31.08%
- 3Y*
- 20.62%
- 5Y*
- 13.00%
- 10Y*
- —
CCEF
- 1D
- -0.05%
- 1M
- 2.97%
- YTD
- 8.87%
- 6M
- 9.17%
- 1Y
- 17.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGRC.TO vs. CCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DGRC.TO CI Canada Quality Dividend Growth Index ETF | 14.35% | 27.20% | 11.91% |
CCEF Calamos CEF Income & Arbitrage ETF | 8.87% | 8.29% | 25.81% |
Correlation
The correlation between DGRC.TO and CCEF is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.42 |
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Return for Risk
DGRC.TO vs. CCEF — Risk / Return Rank
DGRC.TO
CCEF
DGRC.TO vs. CCEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canada Quality Dividend Growth Index ETF (DGRC.TO) and Calamos CEF Income & Arbitrage ETF (CCEF). 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.
| DGRC.TO | CCEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | 2.63 | +2.58 |
| Martin ratioReturn relative to average drawdown | 19.60 | 9.95 | +9.66 |
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Drawdowns
DGRC.TO vs. CCEF - Drawdown Comparison
The maximum DGRC.TO drawdown since its inception was -36.59%, which is greater than CCEF's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for DGRC.TO and CCEF.
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Drawdown Indicators
| DGRC.TO | CCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.59% | -14.99% | -21.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.99% | -6.54% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.81% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -1.96% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.72% | -0.13% |
Volatility
DGRC.TO vs. CCEF - Volatility Comparison
The current volatility for CI Canada Quality Dividend Growth Index ETF (DGRC.TO) is 2.80%, while Calamos CEF Income & Arbitrage ETF (CCEF) has a volatility of 3.06%. This indicates that DGRC.TO experiences smaller price fluctuations and is considered to be less risky than CCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRC.TO | CCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.06% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.16% | 7.50% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 8.98% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 11.58% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 11.58% | +3.11% |
DGRC.TO vs. CCEF - Expense Ratio Comparison
DGRC.TO has a 0.23% expense ratio, which is lower than CCEF's 2.74% expense ratio.
Dividends
DGRC.TO vs. CCEF - Dividend Comparison
DGRC.TO's dividend yield for the trailing twelve months is around 2.36%, less than CCEF's 8.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 8.05% | 8.08% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRC.TO CI Canada Quality Dividend Growth Index ETF | 2.36% | 2.58% | 2.46% | 2.56% | 2.48% | 1.87% | 3.06% | 2.20% | 1.79% | 0.23% |
Frequently Asked Questions
DGRC.TO and CCEF have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRC.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRC.TO is cheaper with a 0.23% expense ratio, compared with 2.74% for CCEF.
They also come from different issuers: CI Investments and Calamos. Their fees differ too: 0.23% for DGRC.TO and 2.74% for CCEF.
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