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UMI.TO vs. ONEQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UMI.TO vs. ONEQ.TO

Last updated Jul 18, 2026
Documentation

UMI.TO (CI U.S. MidCap Dividend Index ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both exchange-traded funds - UMI.TO is a Mid Cap Value Equities fund managed by CI, while ONEQ.TO is a Global Equities fund actively managed by CI. Over the past 5 years, UMI.TO returned 7.74%/yr vs 13.10%/yr for ONEQ.TO. At a 0.39 correlation, their price movements are largely independent.

Performance

UMI.TO vs. ONEQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI U.S. MidCap Dividend Index ETF (UMI.TO) and CI Global Core Plus Equity ETF (ONEQ.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, UMI.TO achieves a 10.11% return, which is significantly lower than ONEQ.TO's 13.96% return.

UMI.TO

1D
0.99%
1M
1.86%
6M
5.72%
YTD
10.11%
1Y
13.57%
3Y*
10.36%
5Y*
7.74%
10Y*
—

ONEQ.TO

1D
-1.11%
1M
0.37%
6M
9.99%
YTD
13.96%
1Y
25.20%
3Y*
20.30%
5Y*
13.10%
10Y*
11.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UMI.TO vs. ONEQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UMI.TO
CI U.S. MidCap Dividend Index ETF		10.11%2.81%11.84%13.17%-6.84%27.52%-8.25%21.06%-10.77%2.61%
ONEQ.TO
CI Global Core Plus Equity ETF		13.96%17.62%22.45%19.07%-10.74%21.65%8.21%22.22%-10.36%0.60%

Correlation

The correlation between UMI.TO and ONEQ.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

0.33

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

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2017

0.39

The correlation between UMI.TO and ONEQ.TO shifts across timeframes, from 0.26 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

UMI.TO vs. ONEQ.TO - Sectors Allocation Comparison

Sectors
UMI.TO
ONEQ.TO

Financial Services

22.7%
14.3%

Industrials

18.0%
9.8%

Consumer Cyclical

11.4%
7.1%

Real Estate

10.2%
3.0%

Energy

7.5%
9.8%

Utilities

7.3%
2.1%

Basic Materials

7.0%
6.0%

Technology

5.0%
30.9%

Consumer Defensive

4.4%
5.2%

Communication Services

3.9%
6.5%

Healthcare

2.6%
5.4%

Financial Services

UMI.TO
22.7%
ONEQ.TO
14.3%

Industrials

UMI.TO
18.0%
ONEQ.TO
9.8%

Consumer Cyclical

UMI.TO
11.4%
ONEQ.TO
7.1%

Real Estate

UMI.TO
10.2%
ONEQ.TO
3.0%

Energy

UMI.TO
7.5%
ONEQ.TO
9.8%

Utilities

UMI.TO
7.3%
ONEQ.TO
2.1%

Basic Materials

UMI.TO
7.0%
ONEQ.TO
6.0%

Technology

UMI.TO
5.0%
ONEQ.TO
30.9%

Consumer Defensive

UMI.TO
4.4%
ONEQ.TO
5.2%

Communication Services

UMI.TO
3.9%
ONEQ.TO
6.5%

Healthcare

UMI.TO
2.6%
ONEQ.TO
5.4%

Compare stocks, funds, or ETFs

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

CI U.S. MidCap Dividend Index ETF

CI Global Core Plus Equity ETF

Often compared with UMI.TO:
UMI.TO vs. EHE.TOUMI.TO vs. CBCX.TOUMI.TO vs. CEQT.TOUMI.TO vs. CCOM.TOUMI.TO vs. CEQP.TOUMI.TO vs. NXF.TOUMI.TO vs. CINF.TO
Often compared with ONEQ.TO:
ONEQ.TO vs. VDU.TOONEQ.TO vs. XML.TOONEQ.TO vs. VVO.TOONEQ.TO vs. ESGG.TOONEQ.TO vs. GEQT.TOONEQ.TO vs. VMO.TOONEQ.TO vs. CEQT.TO

Return for Risk

UMI.TO vs. ONEQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UMI.TO
UMI.TO Risk / Return Rank: 3636
Overall Rank
UMI.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
UMI.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
UMI.TO Omega Ratio Rank: 3535
Omega Ratio Rank
UMI.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
UMI.TO Martin Ratio Rank: 3838
Martin Ratio Rank
ONEQ.TO
ONEQ.TO Risk / Return Rank: 8888
Overall Rank
ONEQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ONEQ.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
ONEQ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ONEQ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
ONEQ.TO Martin Ratio Rank: 9292
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.

UMI.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI U.S. MidCap Dividend Index ETF (UMI.TO) and CI Global Core Plus Equity ETF (ONEQ.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.

UMI.TOONEQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.97
2.11

-1.14

Sortino ratioReturn per unit of downside risk
1.53
3.08

-1.55

Omega ratioGain probability vs. loss probability

1.18

1.42

-0.24

Calmar ratioReturn relative to maximum drawdown

1.45

3.80

-2.35

Martin ratioReturn relative to average drawdown

4.48

16.75

-12.26

UMI.TO vs. ONEQ.TO - Sharpe Ratio Comparison

The current UMI.TO Sharpe Ratio is 0.97, which is lower than the ONEQ.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of UMI.TO and ONEQ.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

UMI.TO vs. ONEQ.TO - Drawdown Comparison

The maximum UMI.TO drawdown since its inception was -48.08%, which is greater than ONEQ.TO's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for UMI.TO and ONEQ.TO.

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Drawdown Indicators

UMI.TOONEQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.08%

-34.40%

-13.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-6.66%

-2.73%

Max Drawdown (3Y)

Largest decline over 3 years

-22.03%

-16.08%

-5.95%

Max Drawdown (5Y)

Largest decline over 5 years

-22.03%

-17.61%

-4.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.40%

—

Current Drawdown

Current decline from peak

0.00%

-1.20%

+1.20%

Average Drawdown

Average peak-to-trough decline

-6.77%

-3.69%

-3.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.51%

+1.52%

Volatility

UMI.TO vs. ONEQ.TO - Volatility Comparison

CI U.S. MidCap Dividend Index ETF (UMI.TO) and CI Global Core Plus Equity ETF (ONEQ.TO) have volatilities of 2.97% and 2.83%, 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

UMI.TOONEQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

2.83%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

9.15%

9.93%

-0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

14.11%

12.03%

+2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.13%

13.29%

+3.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.98%

13.91%

+7.07%

Dividends

UMI.TO vs. ONEQ.TO - Dividend Comparison

UMI.TO's dividend yield for the trailing twelve months is around 2.33%, more than ONEQ.TO's 1.60% yield.

PositionTTM2025202420232022202120202019201820172016
ONEQ.TO
CI Global Core Plus Equity ETF		1.60%1.60%1.05%1.53%1.38%0.89%1.22%1.39%0.94%1.03%1.22%
UMI.TO
CI U.S. MidCap Dividend Index ETF		2.33%2.60%2.09%2.42%3.01%1.79%2.18%2.47%2.31%0.00%0.00%

Frequently Asked Questions

UMI.TO and ONEQ.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.

UMI.TO is categorized as Mid Cap Value Equities, while ONEQ.TO is Global Equities.

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