EHE.TO vs. CGXF.TO
EHE.TO (CI Europe Hedged Equity Index ETF) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both exchange-traded funds - EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index, while CGXF.TO is a Gold fund actively managed by CI. EHE.TO is passively managed, while CGXF.TO is actively managed. Over the past 5 years, EHE.TO returned 9.97%/yr vs 15.50%/yr for CGXF.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
EHE.TO vs. CGXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EHE.TO achieves a 5.98% return, which is significantly higher than CGXF.TO's -8.33% return.
EHE.TO
- 1D
- 1.09%
- 1M
- 3.27%
- YTD
- 5.98%
- 6M
- 7.19%
- 1Y
- 14.83%
- 3Y*
- 13.45%
- 5Y*
- 9.97%
- 10Y*
- —
CGXF.TO
- 1D
- -8.12%
- 1M
- -13.70%
- YTD
- -8.33%
- 6M
- -3.65%
- 1Y
- 38.04%
- 3Y*
- 28.18%
- 5Y*
- 15.50%
- 10Y*
- 9.67%
EHE.TO vs. CGXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 5.98% | 22.91% | 4.20% | 22.26% | -10.45% | 23.79% | -5.96% | 24.49% | -10.68% | 15.40% |
CGXF.TO CI Gold+ Giants Covered Call ETF Common | -8.33% | 114.18% | 11.88% | 1.43% | 1.89% | -6.21% | 15.22% | 20.53% | -18.76% | 5.51% |
Correlation
The correlation between EHE.TO and CGXF.TO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2016 | 0.07 |
The correlation between EHE.TO and CGXF.TO shifts across timeframes, from -0.05 (1 year) to 0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EHE.TO vs. CGXF.TO — Risk / Return Rank
EHE.TO
CGXF.TO
EHE.TO vs. CGXF.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 Gold+ Giants Covered Call ETF Common (CGXF.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.
| EHE.TO | CGXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.22 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.59 | 3.22 | +1.37 |
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
| EHE.TO | CGXF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.87 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.50 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.02 | +0.53 |
Drawdowns
EHE.TO vs. CGXF.TO - Drawdown Comparison
The maximum EHE.TO drawdown since its inception was -38.20%, smaller than the maximum CGXF.TO drawdown of -91.92%. Use the drawdown chart below to compare losses from any high point for EHE.TO and CGXF.TO.
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Drawdown Indicators
| EHE.TO | CGXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -91.92% | +53.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -29.15% | +17.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -29.15% | +12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -37.19% | +14.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.68% | — |
Current DrawdownCurrent decline from peak | -0.62% | -29.15% | +28.53% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -45.72% | +40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 11.01% | -7.82% |
Volatility
EHE.TO vs. CGXF.TO - Volatility Comparison
The current volatility for CI Europe Hedged Equity Index ETF (EHE.TO) is 5.64%, while CI Gold+ Giants Covered Call ETF Common (CGXF.TO) has a volatility of 15.24%. This indicates that EHE.TO experiences smaller price fluctuations and is considered to be less risky than CGXF.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 | CGXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 15.24% | -9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 33.20% | -20.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 40.70% | -24.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 31.09% | -13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 30.44% | -13.00% |
Dividends
EHE.TO vs. CGXF.TO - Dividend Comparison
EHE.TO's dividend yield for the trailing twelve months is around 2.02%, less than CGXF.TO's 13.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGXF.TO CI Gold+ Giants Covered Call ETF Common | 13.45% | 7.43% | 8.09% | 8.93% | 8.54% | 8.59% | 11.00% | 6.69% | 7.97% | 6.99% | 10.68% | 4.82% |
EHE.TO CI Europe Hedged Equity Index ETF | 2.02% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% | 0.00% |
Frequently Asked Questions
EHE.TO and CGXF.TO have a correlation of -0.05, 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 CGXF.TO is Gold.
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