EHE.TO vs. CGRA.TO
EHE.TO (CI Europe Hedged Equity Index ETF) and CGRA.TO (CI Global Real Asset Private Pool) are both exchange-traded funds - EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index, while CGRA.TO is a Global Allocation fund actively managed by CI. EHE.TO is passively managed, while CGRA.TO is actively managed. Over the past 5 years, EHE.TO returned 9.62%/yr vs 7.75%/yr for CGRA.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
EHE.TO vs. CGRA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EHE.TO achieves a 6.63% return, which is significantly lower than CGRA.TO's 15.41% return.
EHE.TO
- 1D
- -0.58%
- 1M
- -0.69%
- 6M
- 2.93%
- YTD
- 6.63%
- 1Y
- 15.86%
- 3Y*
- 12.42%
- 5Y*
- 9.62%
- 10Y*
- 9.41%
CGRA.TO
- 1D
- -0.15%
- 1M
- 0.96%
- 6M
- 14.56%
- YTD
- 15.41%
- 1Y
- 17.99%
- 3Y*
- 13.25%
- 5Y*
- 7.75%
- 10Y*
- —
EHE.TO vs. CGRA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 6.63% | 22.91% | 4.19% | 22.26% | -10.45% | 23.79% | 21.78% |
CGRA.TO CI Global Real Asset Private Pool | 15.41% | 7.16% | 10.58% | 6.33% | -9.03% | 20.00% | 6.05% |
Correlation
The correlation between EHE.TO and CGRA.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.13 |
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Return for Risk
EHE.TO vs. CGRA.TO — Risk / Return Rank
EHE.TO
CGRA.TO
EHE.TO vs. CGRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Europe Hedged Equity Index ETF (EHE.TO) and CI Global Real Asset Private Pool (CGRA.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.
| EHE.TO | CGRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.73 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.82 | -1.49 |
| Martin ratioReturn relative to average drawdown | 5.04 | 10.48 | -5.44 |
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Drawdowns
EHE.TO vs. CGRA.TO - Drawdown Comparison
The maximum EHE.TO drawdown since its inception was -38.20%, which is greater than CGRA.TO's maximum drawdown of -16.03%. Use the drawdown chart below to compare losses from any high point for EHE.TO and CGRA.TO.
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Drawdown Indicators
| EHE.TO | CGRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -16.03% | -22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -6.43% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -7.89% | -8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -16.03% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -38.20% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -0.54% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -3.80% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.72% | +1.41% |
Volatility
EHE.TO vs. CGRA.TO - Volatility Comparison
CI Europe Hedged Equity Index ETF (EHE.TO) has a higher volatility of 3.25% compared to CI Global Real Asset Private Pool (CGRA.TO) at 1.35%. This indicates that EHE.TO's price experiences larger fluctuations and is considered to be riskier than CGRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHE.TO | CGRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.35% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 7.18% | +6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 8.46% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 12.13% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 11.65% | +5.78% |
Dividends
EHE.TO vs. CGRA.TO - Dividend Comparison
EHE.TO's dividend yield for the trailing twelve months is around 2.18%, less than CGRA.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.55% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
EHE.TO CI Europe Hedged Equity Index ETF | 2.18% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% |
Frequently Asked Questions
EHE.TO and CGRA.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EHE.TO is categorized as Europe Equities, while CGRA.TO is Global Allocation.
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