ESGG.TO vs. CMGG.TO
ESGG.TO (BMO MSCI Global Selection Equity Index ETF) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. Over the past 5 years, ESGG.TO returned 14.54%/yr vs 19.73%/yr for CMGG.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
ESGG.TO vs. CMGG.TO - 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 CMGG.TO's 24.63% 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*
- —
CMGG.TO
- 1D
- 1.50%
- 1M
- 5.72%
- YTD
- 24.63%
- 6M
- 24.63%
- 1Y
- 34.87%
- 3Y*
- 35.88%
- 5Y*
- 19.73%
- 10Y*
- —
ESGG.TO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 13.51% | 15.44% | 27.08% | 23.34% | -14.25% | 21.30% |
CMGG.TO CI Munro Global Growth Equity Fund | 24.63% | 21.00% | 52.95% | 24.21% | -21.16% | 10.52% |
Correlation
The correlation between ESGG.TO and CMGG.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.53 |
The correlation between ESGG.TO and CMGG.TO has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
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Return for Risk
ESGG.TO vs. CMGG.TO — Risk / Return Rank
ESGG.TO
CMGG.TO
ESGG.TO vs. CMGG.TO - 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 CI Munro Global Growth Equity Fund (CMGG.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.
| ESGG.TO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.45 | -0.50 |
| Martin ratioReturn relative to average drawdown | 11.73 | 9.44 | +2.29 |
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Drawdowns
ESGG.TO vs. CMGG.TO - Drawdown Comparison
The maximum ESGG.TO drawdown since its inception was -27.90%, roughly equal to the maximum CMGG.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for ESGG.TO and CMGG.TO.
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Drawdown Indicators
| ESGG.TO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -29.00% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.15% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.79% | -22.85% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.31% | -29.00% | +3.69% |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -8.81% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 3.71% | -1.38% |
Volatility
ESGG.TO vs. CMGG.TO - Volatility Comparison
The current volatility for BMO MSCI Global Selection Equity Index ETF (ESGG.TO) is 3.91%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 9.41%. This indicates that ESGG.TO experiences smaller price fluctuations and is considered to be less risky than CMGG.TO 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 | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 9.41% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 15.43% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 18.52% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 18.63% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 18.76% | -2.38% |
Dividends
ESGG.TO vs. CMGG.TO - Dividend Comparison
ESGG.TO's dividend yield for the trailing twelve months is around 0.86%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 0.86% | 1.01% | 1.20% | 1.56% | 1.82% | 1.53% | 1.87% |
Frequently Asked Questions
ESGG.TO and CMGG.TO have a correlation of 0.52, 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 CI Global Asset Management.
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