PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TXF.TO vs. VXM.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TXF.TO vs. VXM.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Tech Giants Covered Call Common (TXF.TO) and CI Morningstar International Value CAD Hedged (VXM.TO).

TXF.TO and VXM.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. VXM.TO is a passively managed fund by CI Investments that tracks the performance of the Morningstar® Developed Markets ex-North America Target Value Index. It was launched on Nov 13, 2014.

Performance

TXF.TO vs. VXM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Tech Giants Covered Call Common (TXF.TO) and CI Morningstar International Value CAD Hedged (VXM.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

TXF.TO vs. VXM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VXM.TO
CI Morningstar International Value CAD Hedged		6.94%44.77%19.29%24.09%3.19%19.09%-13.99%16.55%-15.76%24.08%

Returns By Period

In the year-to-date period, TXF.TO achieves a -7.67% return, which is significantly lower than VXM.TO's 6.94% return. Over the past 10 years, TXF.TO has outperformed VXM.TO with an annualized return of 16.06%, while VXM.TO has yielded a comparatively lower 13.43% 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%

VXM.TO

1D
2.30%
1M
-5.49%
YTD
6.94%
6M
16.56%
1Y
42.61%
3Y*
28.58%
5Y*
19.48%
10Y*
13.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI Tech Giants Covered Call Common

CI Morningstar International Value CAD Hedged

Often compared with TXF.TO:
TXF.TO vs. QQQY.TOTXF.TO vs. XEQT.TOTXF.TO vs. HDIV.TOTXF.TO vs. HXQ.TOTXF.TO vs. QQCL.TOTXF.TO vs. VFV.TOTXF.TO vs. HTAE.TO
Often compared with VXM.TO:
VXM.TO vs. FCIM.NEOVXM.TO vs. VIDY.TOVXM.TO vs. VMO.TOVXM.TO vs. VVL.TOVXM.TO vs. XHC.TOVXM.TO vs. VIU.TOVXM.TO vs. ZSP.TO

TXF.TO vs. VXM.TO - Expense Ratio Comparison

TXF.TO has a 0.71% expense ratio, which is higher than VXM.TO's 0.66% expense ratio.

TXF.TO
CI Tech Giants Covered Call Common
VXM.TO
CI Morningstar International Value CAD Hedged

Return for Risk

TXF.TO vs. VXM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TXF.TO
TXF.TO Risk / Return Rank: 6666
Overall Rank
TXF.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
TXF.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
TXF.TO Omega Ratio Rank: 6666
Omega Ratio Rank
TXF.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
TXF.TO Martin Ratio Rank: 6565
Martin Ratio Rank
VXM.TO
VXM.TO Risk / Return Rank: 9696
Overall Rank
VXM.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VXM.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
VXM.TO Omega Ratio Rank: 9797
Omega Ratio Rank
VXM.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
VXM.TO Martin Ratio Rank: 9595
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.

TXF.TO vs. VXM.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 International Value CAD Hedged (VXM.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.TOVXM.TODifference

Sharpe ratio

Return per unit of total volatility

1.10

2.69

-1.59

Sortino ratio

Return per unit of downside risk

1.65

3.48

-1.83

Omega ratio

Gain probability vs. loss probability

1.24

1.57

-0.33

Calmar ratio

Return relative to maximum drawdown

1.88

3.61

-1.73

Martin ratio

Return relative to average drawdown

6.49

15.88

-9.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TXF.TO vs. VXM.TO - Sharpe Ratio Comparison

The current TXF.TO Sharpe Ratio is 1.10, which is lower than the VXM.TO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of TXF.TO and VXM.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

TXF.TOVXM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.10

2.69

-1.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

1.35

-0.89

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.80

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.63

+0.05

Correlation

The correlation between TXF.TO and VXM.TO is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TXF.TO vs. VXM.TO - Dividend Comparison

TXF.TO's dividend yield for the trailing twelve months is around 10.97%, more than VXM.TO's 2.20% yield.

TTM20252024202320222021202020192018201720162015
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%
VXM.TO
CI Morningstar International Value CAD Hedged		2.20%2.03%3.60%3.37%3.54%2.08%2.27%1.56%2.07%1.51%1.85%2.14%

Drawdowns

TXF.TO vs. VXM.TO - Drawdown Comparison

The maximum TXF.TO drawdown since its inception was -41.23%, roughly equal to the maximum VXM.TO drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for TXF.TO and VXM.TO.

Loading graphics...

Drawdown Indicators

TXF.TOVXM.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.23%

-42.73%

+1.50%

Max Drawdown (1Y)

Largest decline over 1 year

-15.43%

-11.23%

-4.20%

Max Drawdown (5Y)

Largest decline over 5 years

-41.23%

-14.47%

-26.76%

Max Drawdown (10Y)

Largest decline over 10 years

-41.23%

-42.73%

+1.50%

Current Drawdown

Current decline from peak

-11.78%

-5.87%

-5.91%

Average Drawdown

Average peak-to-trough decline

-6.22%

-7.57%

+1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

2.55%

+1.91%

Volatility

TXF.TO vs. VXM.TO - Volatility Comparison

CI Tech Giants Covered Call Common (TXF.TO) has a higher volatility of 8.58% compared to CI Morningstar International Value CAD Hedged (VXM.TO) at 6.23%. This indicates that TXF.TO's price experiences larger fluctuations and is considered to be riskier than VXM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

TXF.TOVXM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.58%

6.23%

+2.35%

Volatility (6M)

Calculated over the trailing 6-month period

16.47%

9.51%

+6.96%

Volatility (1Y)

Calculated over the trailing 1-year period

26.48%

16.00%

+10.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.52%

14.55%

+9.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.41%

16.97%

+6.44%