GEQT.TO vs. CMGG.TO
GEQT.TO (iShares ESG Equity ETF Portfolio) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. Both are actively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 20.56%/yr for CMGG.TO. A 0.54 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.90%/yr for CMGG.TO.
Performance
GEQT.TO vs. CMGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GEQT.TO achieves a 14.67% return, which is significantly lower than CMGG.TO's 21.24% return.
GEQT.TO
- 1D
- -0.42%
- 1M
- 8.79%
- YTD
- 14.67%
- 6M
- 12.80%
- 1Y
- 29.64%
- 3Y*
- 23.50%
- 5Y*
- 14.52%
- 10Y*
- —
CMGG.TO
- 1D
- 0.12%
- 1M
- 10.96%
- YTD
- 21.24%
- 6M
- 21.36%
- 1Y
- 38.88%
- 3Y*
- 35.34%
- 5Y*
- 20.56%
- 10Y*
- —
GEQT.TO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 14.67% | 17.85% | 25.42% | 22.35% | -15.18% | 19.46% |
CMGG.TO CI Munro Global Growth Equity Fund | 21.24% | 21.00% | 52.95% | 24.21% | -21.16% | 11.08% |
Correlation
The correlation between GEQT.TO and CMGG.TO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.54 |
Over the past year, GEQT.TO and CMGG.TO have become more correlated (0.78) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
GEQT.TO vs. CMGG.TO — Risk / Return Rank
GEQT.TO
CMGG.TO
GEQT.TO vs. CMGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and CI Munro Global Growth Equity Fund (CMGG.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.
| GEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.85 | -0.64 |
| Martin ratioReturn relative to average drawdown | 13.28 | 10.77 | +2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.36 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 1.14 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.98 | +0.18 |
Drawdowns
GEQT.TO vs. CMGG.TO - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.64%, smaller than the maximum CMGG.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and CMGG.TO.
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Drawdown Indicators
| GEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -29.00% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -10.15% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -22.85% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.64% | -29.00% | +5.36% |
Current DrawdownCurrent decline from peak | -0.42% | 0.00% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -8.91% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.62% | -1.38% |
Volatility
GEQT.TO vs. CMGG.TO - Volatility Comparison
The current volatility for iShares ESG Equity ETF Portfolio (GEQT.TO) is 4.08%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.68%. This indicates that GEQT.TO experiences smaller price fluctuations and is considered to be less risky than CMGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 6.68% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 12.94% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 16.53% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 18.22% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 18.49% | -4.57% |
GEQT.TO vs. CMGG.TO - Expense Ratio Comparison
GEQT.TO has a 0.25% expense ratio, which is lower than CMGG.TO's 0.90% expense ratio.
Dividends
GEQT.TO vs. CMGG.TO - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GEQT.TO iShares ESG Equity ETF Portfolio | 1.10% | 1.25% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% |
Frequently Asked Questions
GEQT.TO and CMGG.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEQT.TO is cheaper with a 0.25% expense ratio, compared with 0.90% for CMGG.TO.
They also come from different issuers: iShares and CI Global Asset Management. Their fees differ too: 0.25% for GEQT.TO and 0.90% for CMGG.TO.
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