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FSF.TO vs. CGXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSF.TO vs. CGXF.TO

Last updated Jul 1, 2026
See Documentation

FSF.TO (CI Global Financial Sector ETF) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while CGXF.TO is a Gold fund actively managed by CI. Both are actively managed. Over the past 10 years, FSF.TO returned 21.70%/yr vs 8.98%/yr for CGXF.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

FSF.TO vs. CGXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Financial Sector ETF (FSF.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FSF.TO achieves a 2.28% return, which is significantly higher than CGXF.TO's -10.85% return. Over the past 10 years, FSF.TO has outperformed CGXF.TO with an annualized return of 21.70%, while CGXF.TO has yielded a comparatively lower 8.98% annualized return.

FSF.TO

1D
0.00%
1M
5.48%
YTD
2.28%
6M
2.00%
1Y
13.30%
3Y*
22.27%
5Y*
11.37%
10Y*
21.70%

CGXF.TO

1D
-0.42%
1M
-12.86%
YTD
-10.85%
6M
-11.69%
1Y
34.42%
3Y*
29.81%
5Y*
17.47%
10Y*
8.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSF.TO vs. CGXF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FSF.TO
CI Global Financial Sector ETF		2.28%20.68%33.83%10.49%-11.77%30.71%-1.98%25.77%-21.19%23.28%
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		-10.85%114.18%11.88%1.43%1.89%-6.21%15.22%20.53%-18.76%5.51%

Correlation

The correlation between FSF.TO and CGXF.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 (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Nov 21, 2014

0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Global Financial Sector ETF

CI Gold+ Giants Covered Call ETF Common

Often compared with CGXF.TO:
CGXF.TO vs. CGL.TOCGXF.TO vs. CCOM.TOCGXF.TO vs. VXM-B.TOCGXF.TO vs. AGCC.TOCGXF.TO vs. CGL-C.TOCGXF.TO vs. HGGG.TOCGXF.TO vs. CMNY.TO

Return for Risk

FSF.TO vs. CGXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSF.TO
FSF.TO Risk / Return Rank: 2525
Overall Rank
FSF.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FSF.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
FSF.TO Omega Ratio Rank: 2828
Omega Ratio Rank
FSF.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
FSF.TO Martin Ratio Rank: 2323
Martin Ratio Rank
CGXF.TO
CGXF.TO Risk / Return Rank: 2424
Overall Rank
CGXF.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CGXF.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CGXF.TO Omega Ratio Rank: 2727
Omega Ratio Rank
CGXF.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
CGXF.TO Martin Ratio Rank: 2323
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSF.TO vs. CGXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Global Financial Sector ETF (FSF.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.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.

FSF.TOCGXF.TODifference
Sharpe ratioReturn per unit of total volatility
0.86
0.82

+0.04

Sortino ratioReturn per unit of downside risk
1.30
1.26

+0.04

Omega ratioGain probability vs. loss probability

1.17

1.17

0.00

Calmar ratioReturn relative to maximum drawdown

0.89

1.03

-0.14

Martin ratioReturn relative to average drawdown

2.61

2.60

+0.01

FSF.TO vs. CGXF.TO - Sharpe Ratio Comparison

The current FSF.TO Sharpe Ratio is 0.86, which is comparable to the CGXF.TO Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of FSF.TO and CGXF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FSF.TO vs. CGXF.TO - Drawdown Comparison

The maximum FSF.TO drawdown since its inception was -73.78%, smaller than the maximum CGXF.TO drawdown of -91.79%. Use the drawdown chart below to compare losses from any high point for FSF.TO and CGXF.TO.

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Drawdown Indicators

FSF.TOCGXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-73.78%

-91.79%

+18.01%

Max Drawdown (1Y)

Largest decline over 1 year

-15.09%

-33.65%

+18.56%

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

-33.65%

+16.39%

Max Drawdown (5Y)

Largest decline over 5 years

-26.08%

-37.19%

+11.11%

Max Drawdown (10Y)

Largest decline over 10 years

-73.78%

-39.68%

-34.10%

Current Drawdown

Current decline from peak

-1.76%

-31.10%

+29.34%

Average Drawdown

Average peak-to-trough decline

-16.28%

-44.90%

+28.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.12%

13.28%

-8.16%

Volatility

FSF.TO vs. CGXF.TO - Volatility Comparison

The current volatility for CI Global Financial Sector ETF (FSF.TO) is 4.41%, while CI Gold+ Giants Covered Call ETF Common (CGXF.TO) has a volatility of 15.71%. This indicates that FSF.TO experiences smaller price fluctuations and is considered to be less risky than CGXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSF.TOCGXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

15.71%

-11.30%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

34.84%

-21.94%

Volatility (1Y)

Calculated over the trailing 1-year period

15.54%

42.29%

-26.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.34%

31.50%

-12.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

212.69%

30.66%

+182.03%

Dividends

FSF.TO vs. CGXF.TO - Dividend Comparison

FSF.TO's dividend yield for the trailing twelve months is around 1.43%, less than CGXF.TO's 13.05% yield.

PositionTTM20252024202320222021202020192018201720162015
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		13.05%7.43%8.09%8.93%8.54%8.59%11.00%6.69%7.97%6.99%10.68%4.82%
FSF.TO
CI Global Financial Sector ETF		1.43%1.28%1.41%2.10%2.35%0.74%1.28%1.91%2.30%0.96%0.79%0.00%

Frequently Asked Questions

FSF.TO and CGXF.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.

FSF.TO is categorized as Financials Equities, while CGXF.TO is Gold.

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