ESGG.TO vs. CIE.NEO
ESGG.TO (BMO MSCI Global Selection Equity Index ETF) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds. Over the past 5 years, ESGG.TO returned 14.54%/yr vs 15.90%/yr for CIE.NEO. At a 0.45 correlation, their price movements are largely independent.
Performance
ESGG.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGG.TO achieves a 13.51% return, which is significantly lower than CIE.NEO's 18.50% return.
ESGG.TO
- 1D
- 1.89%
- 1M
- 3.45%
- YTD
- 13.51%
- 6M
- 12.68%
- 1Y
- 27.26%
- 3Y*
- 21.79%
- 5Y*
- 14.54%
- 10Y*
- —
CIE.NEO
- 1D
- 0.21%
- 1M
- 1.41%
- YTD
- 18.50%
- 6M
- 18.17%
- 1Y
- 37.26%
- 3Y*
- 24.56%
- 5Y*
- 15.90%
- 10Y*
- 12.35%
ESGG.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 13.51% | 15.44% | 27.08% | 23.34% | -14.25% | 23.71% | 8.86% |
CIE.NEO iShares International Fundamental Common Class | 18.50% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 0.16% |
Correlation
The correlation between ESGG.TO and CIE.NEO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.45 |
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Return for Risk
ESGG.TO vs. CIE.NEO — Risk / Return Rank
ESGG.TO
CIE.NEO
ESGG.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Global Selection Equity Index ETF (ESGG.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| ESGG.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.39 | -0.43 |
| Martin ratioReturn relative to average drawdown | 11.73 | 13.74 | -2.01 |
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Drawdowns
ESGG.TO vs. CIE.NEO - Drawdown Comparison
The maximum ESGG.TO drawdown since its inception was -27.90%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for ESGG.TO and CIE.NEO.
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Drawdown Indicators
| ESGG.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -40.08% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -11.10% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.79% | -15.44% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.31% | -20.55% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.08% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.47% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -7.11% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.73% | -0.40% |
Volatility
ESGG.TO vs. CIE.NEO - Volatility Comparison
The current volatility for BMO MSCI Global Selection Equity Index ETF (ESGG.TO) is 3.91%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 6.16%. This indicates that ESGG.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGG.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 6.16% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 12.90% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 14.95% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 14.07% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 18.05% | -1.67% |
Dividends
ESGG.TO vs. CIE.NEO - Dividend Comparison
ESGG.TO's dividend yield for the trailing twelve months is around 0.86%, less than CIE.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.17% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 0.86% | 1.01% | 1.20% | 1.56% | 1.82% | 1.53% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESGG.TO and CIE.NEO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and iShares.
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