FHI.TO vs. CMNY.TO
FHI.TO (CI Health Care Giants Covered Call ETF) and CMNY.TO (CI Money Market ETF CAD Series) are both exchange-traded funds - FHI.TO is a Derivative Income fund actively managed by CI, while CMNY.TO is a Money Market fund actively managed by CI. Both are actively managed. Over the past year, FHI.TO returned 11.83% vs 2.44% for CMNY.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
FHI.TO vs. CMNY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly higher than CMNY.TO's 1.17% return.
FHI.TO
- 1D
- -0.93%
- 1M
- 4.19%
- YTD
- 1.35%
- 6M
- 1.26%
- 1Y
- 11.83%
- 3Y*
- 5.07%
- 5Y*
- 5.58%
- 10Y*
- —
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.17%
- 6M
- 1.17%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHI.TO vs. CMNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 1.35% | 11.94% | -0.77% | 2.06% |
CMNY.TO CI Money Market ETF CAD Series | 1.17% | 2.83% | 4.77% | 2.00% |
Correlation
The correlation between FHI.TO and CMNY.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.01 |
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Return for Risk
FHI.TO vs. CMNY.TO — Risk / Return Rank
FHI.TO
CMNY.TO
FHI.TO vs. CMNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.TO) and CI Money Market ETF CAD Series (CMNY.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.
| FHI.TO | CMNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.41 | ||
| Sortino ratioReturn per unit of downside risk | -15.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 3.60 | -2.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 49.15 | -47.81 |
| Martin ratioReturn relative to average drawdown | 3.06 | 197.17 | -194.11 |
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Drawdowns
FHI.TO vs. CMNY.TO - Drawdown Comparison
The maximum FHI.TO drawdown since its inception was -29.85%, which is greater than CMNY.TO's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for FHI.TO and CMNY.TO.
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Drawdown Indicators
| FHI.TO | CMNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -0.83% | -29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -0.05% | -8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.43% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | 0.00% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -0.05% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 0.01% | +3.86% |
Volatility
FHI.TO vs. CMNY.TO - Volatility Comparison
CI Health Care Giants Covered Call ETF (FHI.TO) has a higher volatility of 4.59% compared to CI Money Market ETF CAD Series (CMNY.TO) at 0.08%. This indicates that FHI.TO's price experiences larger fluctuations and is considered to be riskier than CMNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHI.TO | CMNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 0.08% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 0.22% | +9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 0.34% | +13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 1.01% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 1.01% | +15.51% |
Dividends
FHI.TO vs. CMNY.TO - Dividend Comparison
FHI.TO's dividend yield for the trailing twelve months is around 7.02%, more than CMNY.TO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMNY.TO CI Money Market ETF CAD Series | 2.49% | 2.89% | 4.64% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHI.TO CI Health Care Giants Covered Call ETF | 7.02% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
Frequently Asked Questions
FHI.TO and CMNY.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHI.TO is categorized as Derivative Income, while CMNY.TO is Money Market.
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