FSF.TO vs. TXF.TO
FSF.TO (CI Global Financial Sector ETF) and TXF.TO (CI Tech Giants Covered Call Common) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while TXF.TO is a Technology Equities fund actively managed by CI. Both are actively managed. Over the past 10 years, FSF.TO returned 30.36%/yr vs 17.47%/yr for TXF.TO. Their 0.20 correlation means their historical movements had little consistent relationship. FSF.TO charges 0.99%/yr vs 0.71%/yr for TXF.TO.
Performance
FSF.TO vs. TXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSF.TO achieves a 8.03% return, which is significantly lower than TXF.TO's 14.26% return. Over the past 10 years, FSF.TO has outperformed TXF.TO with an annualized return of 30.36%, while TXF.TO has yielded a comparatively lower 17.47% annualized return.
FSF.TO
- 1D
- 1.62%
- 1M
- 2.45%
- 6M
- 6.56%
- YTD
- 8.03%
- 1Y
- 19.56%
- 3Y*
- 22.87%
- 5Y*
- 12.59%
- 10Y*
- 30.36%
- ALL TIME*
- 14.13%
TXF.TO
- 1D
- 0.61%
- 1M
- -7.56%
- 6M
- 11.76%
- YTD
- 14.26%
- 1Y
- 36.48%
- 3Y*
- 23.28%
- 5Y*
- 13.49%
- 10Y*
- 17.47%
- ALL TIME*
- 15.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$661.89 | CA$2.69K | CA$6.54K | |
| CA$1.03M | CA$1.20M | CA$865.03K |
FSF.TO vs. TXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSF.TO CI Global Financial Sector ETF | 8.03% | 20.68% | 33.83% | 10.49% | -11.77% | 30.71% | -1.98% | 25.77% | -21.19% | 23.28% |
TXF.TO CI Tech Giants Covered Call Common | 14.26% | 24.80% | 18.69% | 60.80% | -35.54% | 26.82% | 32.50% | 26.56% | -6.78% | 33.65% |
Correlation
The correlation between FSF.TO and TXF.TO is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2014 | 0.20 |
The correlation between FSF.TO and TXF.TO shifts across timeframes, from 0.09 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
FSF.TO vs. TXF.TO - Sectors Allocation Comparison
Sectors
FSF.TO
TXF.TO
Financial Services
Industrials
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Technology
Basic Materials
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Communication Services
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Consumer Cyclical
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-
Consumer Defensive
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-
Energy
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-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Financial Services
FSF.TO
TXF.TO
Industrials
FSF.TO
TXF.TO
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Technology
FSF.TO
TXF.TO
Basic Materials
FSF.TO
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TXF.TO
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Communication Services
FSF.TO
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TXF.TO
Consumer Cyclical
FSF.TO
-
TXF.TO
-
Consumer Defensive
FSF.TO
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TXF.TO
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Energy
FSF.TO
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TXF.TO
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Healthcare
FSF.TO
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TXF.TO
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Real Estate
FSF.TO
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TXF.TO
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Utilities
FSF.TO
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TXF.TO
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Return for Risk
FSF.TO vs. TXF.TO — Risk / Return Rank
FSF.TO
TXF.TO
FSF.TO vs. TXF.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 Tech Giants Covered Call Common (TXF.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 | TXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.87 | -0.75 |
| Martin ratioReturn relative to average drawdown | 3.27 | 6.35 | -3.08 |
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Drawdowns
FSF.TO vs. TXF.TO - Drawdown Comparison
The maximum FSF.TO drawdown since its inception was -73.78%, which is greater than TXF.TO's maximum drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for FSF.TO and TXF.TO.
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Drawdown Indicators
| FSF.TO | TXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -41.23% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -18.27% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -27.38% | +10.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -41.23% | +15.15% |
Max Drawdown (10Y)Largest decline over 10 years | -73.78% | -41.23% | -32.55% |
Current DrawdownCurrent decline from peak | -0.26% | -13.27% | +13.01% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -6.19% | -9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 5.36% | -0.24% |
Volatility
FSF.TO vs. TXF.TO - Volatility Comparison
The current volatility for CI Global Financial Sector ETF (FSF.TO) is 5.02%, while CI Tech Giants Covered Call Common (TXF.TO) has a volatility of 10.43%. This indicates that FSF.TO experiences smaller price fluctuations and is considered to be less risky than TXF.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 | TXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 10.43% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 22.79% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 25.98% | -10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 25.68% | -6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 211.89% | 24.05% | +187.84% |
FSF.TO vs. TXF.TO - Expense Ratio Comparison
FSF.TO has a 0.99% expense ratio, which is higher than TXF.TO's 0.71% expense ratio.
Dividends
FSF.TO vs. TXF.TO - Dividend Comparison
FSF.TO's dividend yield for the trailing twelve months is around 1.35%, less than TXF.TO's 11.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSF.TO CI Global Financial Sector ETF | 1.35% | 1.28% | 1.41% | 2.10% | 2.35% | 0.74% | 1.28% | 1.91% | 2.30% | 0.96% | 0.79% | 0.00% |
TXF.TO CI Tech Giants Covered Call Common | 11.84% | 10.59% | 9.75% | 7.48% | 14.13% | 7.77% | 11.01% | 7.29% | 9.29% | 4.89% | 6.16% | 6.15% |
Frequently Asked Questions
FSF.TO and TXF.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TXF.TO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TXF.TO is cheaper with a 0.71% expense ratio, compared with 0.99% for FSF.TO.
FSF.TO is categorized as Financials Equities, while TXF.TO is Technology Equities. Their fees differ too: 0.99% for FSF.TO and 0.71% for TXF.TO.
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