HCON.TO vs. CGRA.TO
HCON.TO (Global X Conservative Asset Allocation ETF) and CGRA.TO (CI Global Real Asset Private Pool) are both Global Allocation funds. Both are actively managed. Over the past 5 years, HCON.TO returned 4.63%/yr vs 7.75%/yr for CGRA.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
HCON.TO vs. CGRA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HCON.TO achieves a 5.37% return, which is significantly lower than CGRA.TO's 15.41% return.
HCON.TO
- 1D
- 0.06%
- 1M
- -0.23%
- 6M
- 4.18%
- YTD
- 5.37%
- 1Y
- 13.00%
- 3Y*
- 10.32%
- 5Y*
- 4.63%
- 10Y*
- —
CGRA.TO
- 1D
- -0.15%
- 1M
- 0.96%
- 6M
- 14.56%
- YTD
- 15.41%
- 1Y
- 17.99%
- 3Y*
- 13.25%
- 5Y*
- 7.75%
- 10Y*
- —
HCON.TO vs. CGRA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HCON.TO Global X Conservative Asset Allocation ETF | 5.37% | 10.11% | 12.67% | 11.58% | -16.79% | 9.57% | 13.33% |
CGRA.TO CI Global Real Asset Private Pool | 15.41% | 7.16% | 10.58% | 6.33% | -9.03% | 20.00% | 6.05% |
Correlation
The correlation between HCON.TO and CGRA.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.19 |
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Return for Risk
HCON.TO vs. CGRA.TO — Risk / Return Rank
HCON.TO
CGRA.TO
HCON.TO vs. CGRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Conservative Asset Allocation ETF (HCON.TO) and CI Global Real Asset Private Pool (CGRA.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.
| HCON.TO | CGRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.73 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.82 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.91 | 10.48 | -0.57 |
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Drawdowns
HCON.TO vs. CGRA.TO - Drawdown Comparison
The maximum HCON.TO drawdown since its inception was -22.98%, which is greater than CGRA.TO's maximum drawdown of -16.03%. Use the drawdown chart below to compare losses from any high point for HCON.TO and CGRA.TO.
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Drawdown Indicators
| HCON.TO | CGRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -16.03% | -6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -6.43% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -7.89% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -16.03% | -4.09% |
Current DrawdownCurrent decline from peak | -1.28% | -0.54% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -3.80% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.72% | -0.47% |
Volatility
HCON.TO vs. CGRA.TO - Volatility Comparison
Global X Conservative Asset Allocation ETF (HCON.TO) has a higher volatility of 2.12% compared to CI Global Real Asset Private Pool (CGRA.TO) at 1.35%. This indicates that HCON.TO's price experiences larger fluctuations and is considered to be riskier than CGRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCON.TO | CGRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 1.35% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 7.18% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 8.46% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 12.13% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 11.65% | -0.03% |
Dividends
HCON.TO vs. CGRA.TO - Dividend Comparison
HCON.TO's dividend yield for the trailing twelve months is around 2.73%, less than CGRA.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.55% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% | 0.00% |
HCON.TO Global X Conservative Asset Allocation ETF | 2.73% | 2.83% | 2.60% | 0.95% | 0.02% | 0.09% | 0.78% | 0.03% |
Frequently Asked Questions
HCON.TO and CGRA.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and CI.
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