FSF.TO vs. NXF.TO
FSF.TO (CI Global Financial Sector ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past 10 years, FSF.TO returned 21.70%/yr vs 6.24%/yr for NXF.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
FSF.TO vs. NXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSF.TO achieves a 2.28% return, which is significantly lower than NXF.TO's 14.91% return. Over the past 10 years, FSF.TO has outperformed NXF.TO with an annualized return of 21.70%, while NXF.TO has yielded a comparatively lower 6.24% 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%
NXF.TO
- 1D
- -0.50%
- 1M
- -9.01%
- YTD
- 14.91%
- 6M
- 14.49%
- 1Y
- 23.67%
- 3Y*
- 9.39%
- 5Y*
- 14.15%
- 10Y*
- 6.24%
FSF.TO vs. NXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 14.91% | 9.09% | -4.58% | 6.48% | 43.93% | 40.62% | -35.30% | 6.23% | -9.26% | 3.08% |
Correlation
The correlation between FSF.TO and NXF.TO is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.17 |
The correlation between FSF.TO and NXF.TO shifts across timeframes, from -0.08 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSF.TO vs. NXF.TO — Risk / Return Rank
FSF.TO
NXF.TO
FSF.TO vs. NXF.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 Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.TO | NXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | 2.61 | 5.02 | -2.41 |
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Drawdowns
FSF.TO vs. NXF.TO - Drawdown Comparison
The maximum FSF.TO drawdown since its inception was -73.78%, which is greater than NXF.TO's maximum drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for FSF.TO and NXF.TO.
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Drawdown Indicators
| FSF.TO | NXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -65.25% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -17.57% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -24.32% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -24.32% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -73.78% | -65.25% | -8.53% |
Current DrawdownCurrent decline from peak | -1.76% | -17.57% | +15.81% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -15.98% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 4.73% | +0.39% |
Volatility
FSF.TO vs. NXF.TO - Volatility Comparison
The current volatility for CI Global Financial Sector ETF (FSF.TO) is 4.41%, while CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) has a volatility of 6.34%. This indicates that FSF.TO experiences smaller price fluctuations and is considered to be less risky than NXF.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.TO | NXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 6.34% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 16.35% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 19.83% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 23.41% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 212.69% | 26.03% | +186.66% |
Dividends
FSF.TO vs. NXF.TO - Dividend Comparison
FSF.TO's dividend yield for the trailing twelve months is around 1.43%, less than NXF.TO's 8.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 8.91% | 7.70% | 8.50% | 8.60% | 11.22% | 9.46% | 11.24% | 7.83% | 9.39% | 6.49% | 8.24% | 8.21% |
Frequently Asked Questions
FSF.TO and NXF.TO have a correlation of -0.08, 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 NXF.TO is Energy Equities.
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