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ONEQ.TO vs. VXM-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ONEQ.TO vs. VXM-B.TO

Last updated Jul 1, 2026
See Documentation

ONEQ.TO (CI Global Core Plus Equity ETF) and VXM-B.TO (CI Morningstar International Value Index ETF (Unhedged)) are both exchange-traded funds - ONEQ.TO is a Global Equities fund actively managed by CI, while VXM-B.TO is a Foreign Small & Mid Cap Equities fund tracking the Morningstar Developed Markets ex-North America Target Value Index. ONEQ.TO is actively managed, while VXM-B.TO is passively managed. Over the past 10 years, ONEQ.TO returned 12.40%/yr vs 12.06%/yr for VXM-B.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

ONEQ.TO vs. VXM-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Core Plus Equity ETF (ONEQ.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ONEQ.TO achieves a 12.41% return, which is significantly higher than VXM-B.TO's 8.67% return. Both investments have delivered pretty close results over the past 10 years, with ONEQ.TO having a 12.40% annualized return and VXM-B.TO not far behind at 12.06%.

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%

VXM-B.TO

1D
-1.19%
1M
-2.28%
YTD
8.67%
6M
8.70%
1Y
28.44%
3Y*
27.12%
5Y*
17.52%
10Y*
12.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEQ.TO vs. VXM-B.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		8.67%46.74%18.34%18.89%-2.50%9.58%-10.23%9.77%-11.40%22.82%

Correlation

The correlation between ONEQ.TO and VXM-B.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2015

0.31

Compare stocks, funds, or ETFs

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CI Global Core Plus Equity ETF

CI Morningstar International Value Index ETF (Unhedged)

Often compared with VXM-B.TO:
VXM-B.TO vs. CMNY.TOVXM-B.TO vs. CGXF.TOVXM-B.TO vs. CCOM.TOVXM-B.TO vs. CEQT.TOVXM-B.TO vs. NXF.TOVXM-B.TO vs. CIC.TOVXM-B.TO vs. CBCX.TO

Return for Risk

ONEQ.TO vs. VXM-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEQ.TO
ONEQ.TO Risk / Return Rank: 8787
Overall Rank
ONEQ.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ONEQ.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
ONEQ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ONEQ.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
ONEQ.TO Martin Ratio Rank: 9191
Martin Ratio Rank
VXM-B.TO
VXM-B.TO Risk / Return Rank: 7272
Overall Rank
VXM-B.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VXM-B.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
VXM-B.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VXM-B.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VXM-B.TO Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONEQ.TO vs. VXM-B.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 Morningstar International Value Index ETF (Unhedged) (VXM-B.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.TOVXM-B.TODifference
Sharpe ratioReturn per unit of total volatility
2.29
2.14

+0.15

Sortino ratioReturn per unit of downside risk
3.32
2.91

+0.41

Omega ratioGain probability vs. loss probability

1.47

1.38

+0.08

Calmar ratioReturn relative to maximum drawdown

4.08

2.76

+1.31

Martin ratioReturn relative to average drawdown

18.06

9.99

+8.06

ONEQ.TO vs. VXM-B.TO - Sharpe Ratio Comparison

The current ONEQ.TO Sharpe Ratio is 2.29, which is comparable to the VXM-B.TO Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of ONEQ.TO and VXM-B.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ONEQ.TO vs. VXM-B.TO - Drawdown Comparison

The maximum ONEQ.TO drawdown since its inception was -34.40%, smaller than the maximum VXM-B.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for ONEQ.TO and VXM-B.TO.

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Drawdown Indicators

ONEQ.TOVXM-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-38.71%

+4.31%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-10.33%

+3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-16.08%

-13.31%

-2.77%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-22.12%

+4.51%

Max Drawdown (10Y)

Largest decline over 10 years

-34.40%

-38.71%

+4.31%

Current Drawdown

Current decline from peak

-1.58%

-4.06%

+2.48%

Average Drawdown

Average peak-to-trough decline

-3.71%

-7.79%

+4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.50%

2.85%

-1.35%

Volatility

ONEQ.TO vs. VXM-B.TO - Volatility Comparison

CI Global Core Plus Equity ETF (ONEQ.TO) and CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) have volatilities of 3.68% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ONEQ.TOVXM-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

3.76%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

10.89%

-1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.89%

13.37%

-1.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

13.75%

-0.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.93%

15.15%

-1.22%

Dividends

ONEQ.TO vs. VXM-B.TO - Dividend Comparison

ONEQ.TO's dividend yield for the trailing twelve months is around 1.62%, less than VXM-B.TO's 2.01% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		2.01%2.21%3.97%3.67%3.67%2.05%2.18%1.59%2.05%1.52%1.42%1.04%

Frequently Asked Questions

ONEQ.TO and VXM-B.TO have a correlation of 0.26, 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 VXM-B.TO is Foreign Small & Mid Cap Equities.

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