TXF.TO vs. INAI.TO
TXF.TO (CI Tech Giants Covered Call Common) and INAI.TO (Invesco Morningstar Global Next Gen AI Index ETF) are both Technology Equities funds. TXF.TO is actively managed, while INAI.TO is passively managed. Over the past year, TXF.TO returned 44.39% vs 44.44% for INAI.TO. A 0.63 correlation means they provide meaningful diversification when combined. TXF.TO charges 0.71%/yr vs 0.60%/yr for INAI.TO.
Performance
TXF.TO vs. INAI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TXF.TO achieves a 22.11% return, which is significantly lower than INAI.TO's 29.80% return.
TXF.TO
- 1D
- -2.91%
- 1M
- -3.39%
- 6M
- 18.05%
- YTD
- 22.11%
- 1Y
- 44.39%
- 3Y*
- 27.61%
- 5Y*
- 15.51%
- 10Y*
- 18.58%
INAI.TO
- 1D
- -2.10%
- 1M
- 0.76%
- 6M
- 21.54%
- YTD
- 29.80%
- 1Y
- 44.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TXF.TO vs. INAI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TXF.TO CI Tech Giants Covered Call Common | 22.11% | 24.80% | 13.91% |
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 29.80% | 24.92% | 36.26% |
Correlation
The correlation between TXF.TO and INAI.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2024 | 0.63 |
Over the past year, TXF.TO and INAI.TO have become more correlated (0.83) than their long-term average of 0.63, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TXF.TO vs. INAI.TO — Risk / Return Rank
TXF.TO
INAI.TO
TXF.TO vs. INAI.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 Invesco Morningstar Global Next Gen AI Index ETF (INAI.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.
| TXF.TO | INAI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.76 | +1.13 |
| Martin ratioReturn relative to average drawdown | 9.84 | 4.56 | +5.28 |
Loading charts...
Drawdowns
TXF.TO vs. INAI.TO - Drawdown Comparison
The maximum TXF.TO drawdown since its inception was -41.23%, which is greater than INAI.TO's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for TXF.TO and INAI.TO.
Loading charts...
Drawdown Indicators
| TXF.TO | INAI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.23% | -26.78% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -25.34% | +9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.23% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -7.47% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -5.68% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 9.78% | -5.26% |
Volatility
TXF.TO vs. INAI.TO - Volatility Comparison
CI Tech Giants Covered Call Common (TXF.TO) has a higher volatility of 12.57% compared to Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) at 10.66%. This indicates that TXF.TO's price experiences larger fluctuations and is considered to be riskier than INAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TXF.TO | INAI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 10.66% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 21.40% | 23.49% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.48% | 29.47% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.43% | 28.01% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 28.01% | -4.11% |
TXF.TO vs. INAI.TO - Expense Ratio Comparison
TXF.TO has a 0.71% expense ratio, which is higher than INAI.TO's 0.60% expense ratio.
Dividends
TXF.TO vs. INAI.TO - Dividend Comparison
TXF.TO's dividend yield for the trailing twelve months is around 9.30%, more than INAI.TO's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 0.02% | 0.07% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TXF.TO CI Tech Giants Covered Call Common | 9.30% | 10.59% | 9.75% | 7.48% | 14.13% | 7.77% | 11.01% | 7.29% | 9.29% | 4.89% | 6.16% | 6.15% |
Frequently Asked Questions
TXF.TO and INAI.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INAI.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INAI.TO is cheaper with a 0.60% expense ratio, compared with 0.71% for TXF.TO.
They also come from different issuers: CI Investments and Invesco. Their fees differ too: 0.71% for TXF.TO and 0.60% for INAI.TO.
Find the right allocation for TXF.TO and INAI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer