MIVG.TO vs. CYH.TO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) are both Global Equities funds. MIVG.TO is actively managed, while CYH.TO is passively managed. Over the past 5 years, MIVG.TO returned 8.69%/yr vs 9.60%/yr for CYH.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. CYH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly lower than CYH.TO's 11.38% return.
MIVG.TO
- 1D
- 0.52%
- 1M
- 2.75%
- 6M
- 1.92%
- YTD
- 4.03%
- 1Y
- 9.96%
- 3Y*
- 13.54%
- 5Y*
- 8.69%
- 10Y*
- —
CYH.TO
- 1D
- 0.15%
- 1M
- 0.61%
- 6M
- 7.95%
- YTD
- 11.38%
- 1Y
- 20.25%
- 3Y*
- 16.18%
- 5Y*
- 9.60%
- 10Y*
- 7.40%
MIVG.TO vs. CYH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 4.03% | 9.98% | 23.80% | 11.57% | -8.98% | 12.79% | 11.20% | 17.97% | -0.62% | 0.72% |
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 11.38% | 18.78% | 12.28% | 3.85% | -2.46% | 23.39% | -8.70% | 9.23% | -6.21% | 2.70% |
Correlation
The correlation between MIVG.TO and CYH.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.24 |
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Return for Risk
MIVG.TO vs. CYH.TO — Risk / Return Rank
MIVG.TO
CYH.TO
MIVG.TO vs. CYH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.TO) and iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.
| MIVG.TO | CYH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.36 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 3.84 | -3.04 |
| Martin ratioReturn relative to average drawdown | 2.31 | 13.96 | -11.65 |
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Drawdowns
MIVG.TO vs. CYH.TO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, smaller than the maximum CYH.TO drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and CYH.TO.
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Drawdown Indicators
| MIVG.TO | CYH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -61.50% | +38.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -5.34% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -12.12% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -17.65% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.90% | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.63% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -10.16% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.47% | +2.24% |
Volatility
MIVG.TO vs. CYH.TO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) at 3.30%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than CYH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIVG.TO | CYH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.30% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 7.56% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 10.23% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 13.41% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 17.11% | -3.69% |
Dividends
MIVG.TO vs. CYH.TO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, less than CYH.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.28% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.18% | 3.98% | 3.03% | 3.39% | 3.84% |
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.63% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% | 0.00% | 0.00% |
Frequently Asked Questions
MIVG.TO and CYH.TO have a correlation of 0.19, 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: Mackenzie and iShares.
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