RATE.TO vs. CMEY.TO
RATE.TO (Arrow EC Income Advantage Alternative Fund) and CMEY.TO (CI Marret Alternative Enhanced Yield Fund) are both exchange-traded funds - RATE.TO is a Investment Grade Bonds fund actively managed by Arrow Capital Management Inc., while CMEY.TO is a Nontraditional Bonds fund actively managed by CI. Both are actively managed. Over the past 5 years, RATE.TO returned 4.83%/yr vs 2.79%/yr for CMEY.TO. Their 0.04 correlation means their historical movements had little consistent relationship. RATE.TO charges 2.01%/yr vs 1.12%/yr for CMEY.TO.
Performance
RATE.TO vs. CMEY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RATE.TO achieves a 1.38% return, which is significantly lower than CMEY.TO's 1.65% return.
RATE.TO
- 1D
- -0.19%
- 1M
- 0.00%
- 6M
- 1.13%
- YTD
- 1.38%
- 1Y
- 2.80%
- 3Y*
- 5.22%
- 5Y*
- 4.83%
- 10Y*
- —
- ALL TIME*
- 4.08%
CMEY.TO
- 1D
- -0.31%
- 1M
- -0.50%
- 6M
- 0.77%
- YTD
- 1.65%
- 1Y
- 3.46%
- 3Y*
- 5.00%
- 5Y*
- 2.79%
- 10Y*
- —
- ALL TIME*
- 3.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.94K | CA$6.76K | CA$21.44K | |
| CA$63.23K | CA$64.17K | CA$66.35K |
RATE.TO vs. CMEY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.38% | 4.60% | 5.59% | 10.12% | 2.34% | 2.46% | 9.81% |
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 1.65% | 4.69% | 5.49% | 5.05% | -2.64% | 1.41% | 4.82% |
Correlation
The correlation between RATE.TO and CMEY.TO is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.04 |
The correlation between RATE.TO and CMEY.TO shifts across timeframes, from -0.06 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RATE.TO vs. CMEY.TO — Risk / Return Rank
RATE.TO
CMEY.TO
RATE.TO vs. CMEY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow EC Income Advantage Alternative Fund (RATE.TO) and CI Marret Alternative Enhanced Yield Fund (CMEY.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.
| RATE.TO | CMEY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.62 | +0.94 |
| Martin ratioReturn relative to average drawdown | 11.80 | 8.29 | +3.51 |
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Drawdowns
RATE.TO vs. CMEY.TO - Drawdown Comparison
The maximum RATE.TO drawdown since its inception was -14.01%, which is greater than CMEY.TO's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for RATE.TO and CMEY.TO.
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Drawdown Indicators
| RATE.TO | CMEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.01% | -5.57% | -8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.80% | -1.41% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -2.96% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -3.38% | -5.57% | +2.19% |
Current DrawdownCurrent decline from peak | -0.23% | -0.95% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.90% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.44% | -0.20% |
Volatility
RATE.TO vs. CMEY.TO - Volatility Comparison
The current volatility for Arrow EC Income Advantage Alternative Fund (RATE.TO) is 0.66%, while CI Marret Alternative Enhanced Yield Fund (CMEY.TO) has a volatility of 0.96%. This indicates that RATE.TO experiences smaller price fluctuations and is considered to be less risky than CMEY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RATE.TO | CMEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.96% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 2.42% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 3.11% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 3.86% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 3.61% | +2.12% |
RATE.TO vs. CMEY.TO - Expense Ratio Comparison
RATE.TO has a 2.01% expense ratio, which is higher than CMEY.TO's 1.12% expense ratio.
Dividends
RATE.TO vs. CMEY.TO - Dividend Comparison
RATE.TO's dividend yield for the trailing twelve months is around 4.66%, more than CMEY.TO's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 4.42% | 4.38% | 4.39% | 4.43% | 3.37% | 2.72% | 0.29% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.66% | 4.60% | 4.69% | 4.74% | 4.11% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
RATE.TO and CMEY.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMEY.TO is cheaper at 1.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMEY.TO is cheaper with a 1.12% expense ratio, compared with 2.01% for RATE.TO.
RATE.TO is categorized as Investment Grade Bonds, while CMEY.TO is Nontraditional Bonds. They also come from different issuers: Arrow Capital Management Inc. and CI. Their fees differ too: 2.01% for RATE.TO and 1.12% for CMEY.TO.
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