FGEP.TO vs. CLML.TO
FGEP.TO (Fidelity Global Equity+ Fund ETF) and CLML.TO (CI Global Climate Leaders Fund) are both exchange-traded funds - FGEP.TO is a Global Equities fund actively managed by Fidelity, while CLML.TO is a Alternative Energy Equities fund actively managed by CI. Both are actively managed. Over the past year, FGEP.TO returned 31.07% vs 32.66% for CLML.TO. Their 0.47 correlation means their historical movements had little consistent relationship. FGEP.TO charges 1.16%/yr vs 0.99%/yr for CLML.TO.
Performance
FGEP.TO vs. CLML.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGEP.TO achieves a 20.73% return, which is significantly lower than CLML.TO's 24.04% return.
FGEP.TO
- 1D
- 0.58%
- 1M
- 0.19%
- 6M
- 16.06%
- YTD
- 20.73%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.43%
CLML.TO
- 1D
- 0.55%
- 1M
- -8.07%
- 6M
- 16.20%
- YTD
- 24.04%
- 1Y
- 32.66%
- 3Y*
- 36.77%
- 5Y*
- 20.37%
- 10Y*
- —
- ALL TIME*
- 20.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$201.62K | CA$413.31K | CA$399.13K | |
| CA$1.06M | CA$1.09M | CA$1.04M |
FGEP.TO vs. CLML.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 20.73% | 17.44% | 9.88% |
CLML.TO CI Global Climate Leaders Fund | 24.04% | 25.21% | 16.23% |
Correlation
The correlation between FGEP.TO and CLML.TO is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGEP.TO vs. CLML.TO — Risk / Return Rank
FGEP.TO
CLML.TO
FGEP.TO vs. CLML.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and CI Global Climate Leaders Fund (CLML.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.
| FGEP.TO | CLML.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.97 | +2.10 |
| Martin ratioReturn relative to average drawdown | 16.37 | 7.95 | +8.42 |
Loading charts...
Drawdowns
FGEP.TO vs. CLML.TO - Drawdown Comparison
The maximum FGEP.TO drawdown since its inception was -14.78%, smaller than the maximum CLML.TO drawdown of -28.17%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and CLML.TO.
Loading charts...
Drawdown Indicators
| FGEP.TO | CLML.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -28.17% | +13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -15.61% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.17% | — |
Current DrawdownCurrent decline from peak | -0.06% | -11.92% | +11.86% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -8.87% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 3.86% | -2.09% |
Volatility
FGEP.TO vs. CLML.TO - Volatility Comparison
The current volatility for Fidelity Global Equity+ Fund ETF (FGEP.TO) is 3.48%, while CI Global Climate Leaders Fund (CLML.TO) has a volatility of 7.85%. This indicates that FGEP.TO experiences smaller price fluctuations and is considered to be less risky than CLML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGEP.TO | CLML.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 7.85% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 19.77% | -10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 23.72% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 21.27% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 21.17% | -8.46% |
FGEP.TO vs. CLML.TO - Expense Ratio Comparison
FGEP.TO has a 1.16% expense ratio, which is higher than CLML.TO's 0.99% expense ratio.
Dividends
FGEP.TO vs. CLML.TO - Dividend Comparison
Neither FGEP.TO nor CLML.TO has paid dividends to shareholders.
Frequently Asked Questions
FGEP.TO and CLML.TO 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.
On fees, CLML.TO is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLML.TO is cheaper with a 0.99% expense ratio, compared with 1.16% for FGEP.TO.
FGEP.TO is categorized as Global Equities, while CLML.TO is Alternative Energy Equities. They also come from different issuers: Fidelity and CI. Their fees differ too: 1.16% for FGEP.TO and 0.99% for CLML.TO.
Find the right allocation for FGEP.TO and CLML.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer