ONEQ.TO vs. NXF.TO
ONEQ.TO (CI Global Core Plus Equity ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - ONEQ.TO is a Global Equities fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past 10 years, ONEQ.TO returned 12.40%/yr vs 6.24%/yr for NXF.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
ONEQ.TO vs. NXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ONEQ.TO achieves a 12.41% return, which is significantly lower than NXF.TO's 14.91% return. Over the past 10 years, ONEQ.TO has outperformed NXF.TO with an annualized return of 12.40%, while NXF.TO has yielded a comparatively lower 6.24% annualized return.
ONEQ.TO
- 1D
- -0.02%
- 1M
- -0.52%
- YTD
- 12.41%
- 6M
- 12.14%
- 1Y
- 26.29%
- 3Y*
- 21.18%
- 5Y*
- 12.91%
- 10Y*
- 12.40%
NXF.TO
- 1D
- -0.50%
- 1M
- -9.01%
- YTD
- 14.91%
- 6M
- 14.49%
- 1Y
- 23.67%
- 3Y*
- 9.39%
- 5Y*
- 14.15%
- 10Y*
- 6.24%
ONEQ.TO vs. NXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONEQ.TO CI Global Core Plus Equity ETF | 12.41% | 17.62% | 22.45% | 19.07% | -10.74% | 21.65% | 8.21% | 22.22% | -10.36% | 13.10% |
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 14.91% | 9.09% | -4.58% | 6.48% | 43.93% | 40.62% | -35.30% | 6.23% | -9.26% | 3.08% |
Correlation
The correlation between ONEQ.TO and NXF.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2015 | 0.23 |
Over the past year, the correlation between ONEQ.TO and NXF.TO has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
ONEQ.TO vs. NXF.TO — Risk / Return Rank
ONEQ.TO
NXF.TO
ONEQ.TO vs. NXF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Core Plus Equity ETF (ONEQ.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.
| ONEQ.TO | NXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.21 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 1.35 | +2.73 |
| Martin ratioReturn relative to average drawdown | 18.06 | 5.02 | +13.04 |
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Drawdowns
ONEQ.TO vs. NXF.TO - Drawdown Comparison
The maximum ONEQ.TO drawdown since its inception was -34.40%, smaller than the maximum NXF.TO drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for ONEQ.TO and NXF.TO.
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Drawdown Indicators
| ONEQ.TO | NXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -65.25% | +30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -17.57% | +10.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -24.32% | +8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -24.32% | +6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -34.40% | -65.25% | +30.85% |
Current DrawdownCurrent decline from peak | -1.58% | -17.57% | +15.99% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -15.98% | +12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 4.73% | -3.23% |
Volatility
ONEQ.TO vs. NXF.TO - Volatility Comparison
The current volatility for CI Global Core Plus Equity ETF (ONEQ.TO) is 3.68%, while CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) has a volatility of 6.34%. This indicates that ONEQ.TO experiences smaller price fluctuations and is considered to be less risky than NXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEQ.TO | NXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 6.34% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 16.35% | -6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 19.83% | -7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 23.41% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 26.03% | -12.10% |
Dividends
ONEQ.TO vs. NXF.TO - Dividend Comparison
ONEQ.TO's dividend yield for the trailing twelve months is around 1.62%, less than NXF.TO's 8.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged) | 8.91% | 7.70% | 8.50% | 8.60% | 11.22% | 9.46% | 11.24% | 7.83% | 9.39% | 6.49% | 8.24% | 8.21% |
ONEQ.TO CI Global Core Plus Equity ETF | 1.62% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% | 0.00% |
Frequently Asked Questions
ONEQ.TO and NXF.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONEQ.TO is categorized as Global Equities, while NXF.TO is Energy Equities.
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