FCGI.TO vs. CGAA.TO
FCGI.TO (Fidelity Global Monthly High Income ETF) and CGAA.TO (CI Global Asset Allocation Private Pool) are both Global Allocation funds. Both are actively managed. Over the past 5 years, FCGI.TO returned 8.64%/yr vs 7.00%/yr for CGAA.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
FCGI.TO vs. CGAA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCGI.TO achieves a 9.21% return, which is significantly higher than CGAA.TO's 3.68% return.
FCGI.TO
- 1D
- -0.18%
- 1M
- 0.37%
- 6M
- 6.42%
- YTD
- 9.21%
- 1Y
- 17.73%
- 3Y*
- 13.74%
- 5Y*
- 8.64%
- 10Y*
- —
CGAA.TO
- 1D
- -0.67%
- 1M
- -0.40%
- 6M
- 2.10%
- YTD
- 3.68%
- 1Y
- 12.12%
- 3Y*
- 11.60%
- 5Y*
- 7.00%
- 10Y*
- 5.90%
FCGI.TO vs. CGAA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCGI.TO Fidelity Global Monthly High Income ETF | 9.21% | 13.21% | 13.10% | 9.65% | -5.30% | 14.00% | -49.72% |
CGAA.TO CI Global Asset Allocation Private Pool | 3.68% | 10.61% | 16.99% | 9.22% | -11.13% | 15.14% | 10.52% |
Correlation
The correlation between FCGI.TO and CGAA.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.17 |
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Return for Risk
FCGI.TO vs. CGAA.TO — Risk / Return Rank
FCGI.TO
CGAA.TO
FCGI.TO vs. CGAA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Monthly High Income ETF (FCGI.TO) and CI Global Asset Allocation Private Pool (CGAA.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.
| FCGI.TO | CGAA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.23 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 1.66 | +3.04 |
| Martin ratioReturn relative to average drawdown | 17.69 | 5.85 | +11.84 |
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Drawdowns
FCGI.TO vs. CGAA.TO - Drawdown Comparison
The maximum FCGI.TO drawdown since its inception was -63.41%, which is greater than CGAA.TO's maximum drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for FCGI.TO and CGAA.TO.
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Drawdown Indicators
| FCGI.TO | CGAA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.41% | -41.34% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -7.59% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -9.45% | -11.64% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.16% | -17.23% | +6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.56% | — |
Current DrawdownCurrent decline from peak | -17.08% | -1.26% | -15.82% |
Average DrawdownAverage peak-to-trough decline | -40.56% | -7.46% | -33.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.14% | -1.14% |
Volatility
FCGI.TO vs. CGAA.TO - Volatility Comparison
The current volatility for Fidelity Global Monthly High Income ETF (FCGI.TO) is 1.66%, while CI Global Asset Allocation Private Pool (CGAA.TO) has a volatility of 2.79%. This indicates that FCGI.TO experiences smaller price fluctuations and is considered to be less risky than CGAA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCGI.TO | CGAA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 2.79% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.37% | 8.54% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 10.55% | -3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 11.63% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 12.21% | +9.93% |
Dividends
FCGI.TO vs. CGAA.TO - Dividend Comparison
FCGI.TO's dividend yield for the trailing twelve months is around 3.06%, more than CGAA.TO's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGAA.TO CI Global Asset Allocation Private Pool | 1.73% | 1.57% | 2.00% | 2.19% | 2.21% | 0.91% | 1.14% | 2.66% | 3.74% | 3.36% | 3.12% | 3.20% |
FCGI.TO Fidelity Global Monthly High Income ETF | 3.06% | 3.25% | 3.21% | 3.50% | 3.71% | 2.62% | 5.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCGI.TO and CGAA.TO have a correlation of 0.22, 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: Fidelity and CI.
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