FPR.TO vs. CMNY.TO
FPR.TO (CI Preferred Share ETF) and CMNY.TO (CI Money Market ETF CAD Series) are both exchange-traded funds - FPR.TO is a Preferred Stock/Convertible Bonds 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, FPR.TO returned 15.42% vs 2.44% for CMNY.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
FPR.TO vs. CMNY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FPR.TO achieves a 5.83% return, which is significantly higher than CMNY.TO's 1.17% return.
FPR.TO
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 5.83%
- 6M
- 6.00%
- 1Y
- 15.42%
- 3Y*
- 16.79%
- 5Y*
- 7.23%
- 10Y*
- 7.63%
CMNY.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.17%
- 6M
- 1.17%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPR.TO vs. CMNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 5.83% | 16.63% | 23.27% | 3.65% |
CMNY.TO CI Money Market ETF CAD Series | 1.17% | 2.83% | 4.77% | 2.00% |
Correlation
The correlation between FPR.TO and CMNY.TO is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | -0.01 |
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Return for Risk
FPR.TO vs. CMNY.TO — Risk / Return Rank
FPR.TO
CMNY.TO
FPR.TO vs. CMNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.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.
| FPR.TO | CMNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.07 | ||
| Sortino ratioReturn per unit of downside risk | -13.62 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 3.60 | -2.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 49.15 | -43.29 |
| Martin ratioReturn relative to average drawdown | 21.28 | 197.17 | -175.89 |
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Drawdowns
FPR.TO vs. CMNY.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, 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 FPR.TO and CMNY.TO.
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Drawdown Indicators
| FPR.TO | CMNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -0.83% | -35.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -0.05% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | 0.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -0.05% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.01% | +0.74% |
Volatility
FPR.TO vs. CMNY.TO - Volatility Comparison
CI Preferred Share ETF (FPR.TO) has a higher volatility of 1.31% compared to CI Money Market ETF CAD Series (CMNY.TO) at 0.08%. This indicates that FPR.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
| FPR.TO | CMNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.08% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 0.22% | +4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.22% | 0.34% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 1.01% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 1.01% | +9.35% |
Dividends
FPR.TO vs. CMNY.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 4.03%, more than CMNY.TO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FPR.TO CI Preferred Share ETF | 4.03% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% |
Frequently Asked Questions
FPR.TO and CMNY.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPR.TO is categorized as Preferred Stock/Convertible Bonds, while CMNY.TO is Money Market.
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