FGO.TO vs. CCOM.TO
FGO.TO (CI Enhanced Government Bond ETF) and CCOM.TO (CI Auspice Broad Commodity Fund ETF Hedged Units) are both exchange-traded funds - FGO.TO is a Government Bonds fund actively managed by CI, while CCOM.TO is a Commodities fund tracking the Auspice Broad Commodity Excess Return Index. FGO.TO is actively managed, while CCOM.TO is passively managed. Over the past 3 years, FGO.TO returned 3.04%/yr vs 6.26%/yr for CCOM.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
FGO.TO vs. CCOM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FGO.TO achieves a 1.63% return, which is significantly lower than CCOM.TO's 10.49% return.
FGO.TO
- 1D
- -0.20%
- 1M
- 0.38%
- YTD
- 1.63%
- 6M
- 1.42%
- 1Y
- 2.14%
- 3Y*
- 3.04%
- 5Y*
- 0.29%
- 10Y*
- —
CCOM.TO
- 1D
- 0.26%
- 1M
- -3.91%
- YTD
- 10.49%
- 6M
- 9.70%
- 1Y
- 19.51%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
FGO.TO vs. CCOM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGO.TO CI Enhanced Government Bond ETF | 1.63% | 3.02% | 1.37% | 4.36% | 0.86% |
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 10.49% | 6.96% | 5.90% | -2.46% | 1.40% |
Correlation
The correlation between FGO.TO and CCOM.TO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022 | 0.01 |
The correlation between FGO.TO and CCOM.TO shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGO.TO vs. CCOM.TO — Risk / Return Rank
FGO.TO
CCOM.TO
FGO.TO vs. CCOM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Enhanced Government Bond ETF (FGO.TO) and CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.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.
| FGO.TO | CCOM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.36 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.54 | -1.77 |
| Martin ratioReturn relative to average drawdown | 1.72 | 8.33 | -6.61 |
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Drawdowns
FGO.TO vs. CCOM.TO - Drawdown Comparison
The maximum FGO.TO drawdown since its inception was -14.83%, which is greater than CCOM.TO's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for FGO.TO and CCOM.TO.
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Drawdown Indicators
| FGO.TO | CCOM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.83% | -9.79% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.73% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -8.18% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -13.26% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -7.49% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -3.04% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.35% | -1.05% |
Volatility
FGO.TO vs. CCOM.TO - Volatility Comparison
The current volatility for CI Enhanced Government Bond ETF (FGO.TO) is 1.05%, while CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) has a volatility of 2.45%. This indicates that FGO.TO experiences smaller price fluctuations and is considered to be less risky than CCOM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGO.TO | CCOM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.45% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 8.46% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 10.04% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 8.43% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 8.43% | -2.62% |
Dividends
FGO.TO vs. CCOM.TO - Dividend Comparison
FGO.TO's dividend yield for the trailing twelve months is around 2.42%, less than CCOM.TO's 13.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 13.61% | 3.48% | 6.99% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGO.TO CI Enhanced Government Bond ETF | 2.42% | 2.80% | 3.10% | 2.33% | 1.46% | 0.62% | 0.68% | 0.92% | 0.15% |
Frequently Asked Questions
FGO.TO and CCOM.TO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGO.TO is categorized as Government Bonds, while CCOM.TO is Commodities.
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