FCIN.NEO vs. CMGG.TO
FCIN.NEO (Fidelity All-International Equity ETF) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. Both are actively managed. Over the past year, FCIN.NEO returned 24.64% vs 37.47% for CMGG.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
FCIN.NEO vs. CMGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIN.NEO achieves a 11.90% return, which is significantly lower than CMGG.TO's 20.49% return.
FCIN.NEO
- 1D
- 0.58%
- 1M
- 2.85%
- YTD
- 11.90%
- 6M
- 13.16%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMGG.TO
- 1D
- -0.62%
- 1M
- 7.39%
- YTD
- 20.49%
- 6M
- 20.10%
- 1Y
- 37.47%
- 3Y*
- 34.84%
- 5Y*
- 20.41%
- 10Y*
- —
FCIN.NEO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCIN.NEO Fidelity All-International Equity ETF | 11.90% | 28.04% | 11.14% |
CMGG.TO CI Munro Global Growth Equity Fund | 20.49% | 21.00% | 36.08% |
Correlation
The correlation between FCIN.NEO and CMGG.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2024 | 0.39 |
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Return for Risk
FCIN.NEO vs. CMGG.TO — Risk / Return Rank
FCIN.NEO
CMGG.TO
FCIN.NEO vs. CMGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-International Equity ETF (FCIN.NEO) 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.
| FCIN.NEO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.71 | -1.12 |
| Martin ratioReturn relative to average drawdown | 10.20 | 10.38 | -0.18 |
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
| FCIN.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.28 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.97 | +0.64 |
Drawdowns
FCIN.NEO vs. CMGG.TO - Drawdown Comparison
The maximum FCIN.NEO drawdown since its inception was -12.34%, smaller than the maximum CMGG.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for FCIN.NEO and CMGG.TO.
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Drawdown Indicators
| FCIN.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -29.00% | +16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -10.15% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.62% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -8.90% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.62% | -1.20% |
Volatility
FCIN.NEO vs. CMGG.TO - Volatility Comparison
The current volatility for Fidelity All-International Equity ETF (FCIN.NEO) is 5.36%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.37%. This indicates that FCIN.NEO 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
| FCIN.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 6.37% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 12.96% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 16.54% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 18.22% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 18.48% | -4.73% |
Dividends
FCIN.NEO vs. CMGG.TO - Dividend Comparison
FCIN.NEO's dividend yield for the trailing twelve months is around 1.14%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% |
FCIN.NEO Fidelity All-International Equity ETF | 1.14% | 1.28% | 1.52% |
Frequently Asked Questions
FCIN.NEO and CMGG.TO have a correlation of 0.44, 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 Global Asset Management.
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