TXF.TO vs. FXM.TO
Compare and contrast key facts about CI Tech Giants Covered Call Common (TXF.TO) and CI Morningstar Canada Value Index ETF (FXM.TO).
TXF.TO and FXM.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TXF.TO is an actively managed fund by CI Investments. It was launched on Oct 24, 2011. FXM.TO is a passively managed fund by CI Investments that tracks the performance of the Morningstar Canada Target Value Index. It was launched on Feb 13, 2012.
Performance
TXF.TO vs. FXM.TO - Performance Comparison
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TXF.TO vs. FXM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TXF.TO CI Tech Giants Covered Call Common | -7.67% | 24.81% | 18.69% | 60.80% | -35.54% | 26.82% | 32.50% | 26.56% | -6.78% | 33.65% |
FXM.TO CI Morningstar Canada Value Index ETF | 8.97% | 38.54% | 30.05% | 5.79% | -1.19% | 31.47% | 6.15% | 24.14% | -16.22% | 11.51% |
Returns By Period
In the year-to-date period, TXF.TO achieves a -7.67% return, which is significantly lower than FXM.TO's 8.97% return. Over the past 10 years, TXF.TO has outperformed FXM.TO with an annualized return of 16.06%, while FXM.TO has yielded a comparatively lower 14.20% annualized return.
TXF.TO
- 1D
- 4.32%
- 1M
- -4.30%
- YTD
- -7.67%
- 6M
- -1.64%
- 1Y
- 28.97%
- 3Y*
- 21.87%
- 5Y*
- 11.17%
- 10Y*
- 16.06%
FXM.TO
- 1D
- 1.19%
- 1M
- -3.54%
- YTD
- 8.97%
- 6M
- 20.63%
- 1Y
- 50.77%
- 3Y*
- 26.11%
- 5Y*
- 18.45%
- 10Y*
- 14.20%
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TXF.TO vs. FXM.TO - Expense Ratio Comparison
TXF.TO has a 0.71% expense ratio, which is higher than FXM.TO's 0.64% expense ratio.
Return for Risk
TXF.TO vs. FXM.TO — Risk / Return Rank
TXF.TO
FXM.TO
TXF.TO vs. FXM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Tech Giants Covered Call Common (TXF.TO) and CI Morningstar Canada Value Index ETF (FXM.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.
| TXF.TO | FXM.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 3.42 | -2.32 |
Sortino ratioReturn per unit of downside risk | 1.65 | 4.07 | -2.42 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.70 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 4.52 | -2.65 |
Martin ratioReturn relative to average drawdown | 6.49 | 20.67 | -14.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TXF.TO | FXM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 3.42 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.30 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.84 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.80 | -0.12 |
Correlation
The correlation between TXF.TO and FXM.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TXF.TO vs. FXM.TO - Dividend Comparison
TXF.TO's dividend yield for the trailing twelve months is around 10.97%, more than FXM.TO's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXF.TO CI Tech Giants Covered Call Common | 10.97% | 10.59% | 9.76% | 7.48% | 14.13% | 7.77% | 11.01% | 7.29% | 9.29% | 4.89% | 6.16% | 6.15% |
FXM.TO CI Morningstar Canada Value Index ETF | 1.93% | 1.91% | 2.17% | 2.96% | 2.18% | 2.19% | 2.40% | 2.03% | 2.52% | 1.70% | 1.83% | 2.24% |
Drawdowns
TXF.TO vs. FXM.TO - Drawdown Comparison
The maximum TXF.TO drawdown since its inception was -41.23%, smaller than the maximum FXM.TO drawdown of -46.41%. Use the drawdown chart below to compare losses from any high point for TXF.TO and FXM.TO.
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Drawdown Indicators
| TXF.TO | FXM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.23% | -46.41% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -11.48% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -41.23% | -16.08% | -25.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.23% | -46.41% | +5.18% |
Current DrawdownCurrent decline from peak | -11.78% | -4.31% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -4.72% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.51% | +1.95% |
Volatility
TXF.TO vs. FXM.TO - Volatility Comparison
CI Tech Giants Covered Call Common (TXF.TO) has a higher volatility of 8.58% compared to CI Morningstar Canada Value Index ETF (FXM.TO) at 4.37%. This indicates that TXF.TO's price experiences larger fluctuations and is considered to be riskier than FXM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXF.TO | FXM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 4.37% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 9.87% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.48% | 14.95% | +11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 14.29% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 17.05% | +6.36% |