MIVG.TO vs. ONEQ.TO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, MIVG.TO returned 8.69%/yr vs 13.22%/yr for ONEQ.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. ONEQ.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 ONEQ.TO's 14.56% 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*
- —
ONEQ.TO
- 1D
- -0.68%
- 1M
- 0.39%
- 6M
- 11.89%
- YTD
- 14.56%
- 1Y
- 26.90%
- 3Y*
- 20.72%
- 5Y*
- 13.22%
- 10Y*
- 11.95%
MIVG.TO vs. ONEQ.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% |
ONEQ.TO CI Global Core Plus Equity ETF | 14.56% | 17.62% | 22.45% | 19.07% | -10.74% | 21.65% | 8.21% | 22.22% | -10.36% | 0.79% |
Correlation
The correlation between MIVG.TO and ONEQ.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.30 |
The correlation between MIVG.TO and ONEQ.TO shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MIVG.TO vs. ONEQ.TO — Risk / Return Rank
MIVG.TO
ONEQ.TO
MIVG.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.TO) and CI Global Core Plus Equity ETF (ONEQ.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 | ONEQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.46 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 4.07 | -3.27 |
| Martin ratioReturn relative to average drawdown | 2.31 | 17.98 | -15.66 |
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Drawdowns
MIVG.TO vs. ONEQ.TO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and ONEQ.TO.
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Drawdown Indicators
| MIVG.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -34.40% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -6.66% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -16.08% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -17.61% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.40% | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.68% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.70% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.51% | +2.20% |
Volatility
MIVG.TO vs. ONEQ.TO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 2.84%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.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 | ONEQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.84% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.88% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.96% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 13.28% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 13.91% | -0.49% |
Dividends
MIVG.TO vs. ONEQ.TO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, less than ONEQ.TO's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ONEQ.TO CI Global Core Plus Equity ETF | 1.59% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% |
Frequently Asked Questions
MIVG.TO and ONEQ.TO have a correlation of 0.21, 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 CI.
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