VMO.TO vs. CAGE.TO

Last updated Jun 25, 2026

VMO.TO (Vanguard Global Momentum Factor ETF) and CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) are both exchange-traded funds - VMO.TO is a Momentum fund actively managed by Vanguard, while CAGE.TO is a Global Equities fund actively managed by Avantis. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

VMO.TO vs. CAGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Momentum Factor ETF (VMO.TO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VMO.TO

• 1D: 0.09%
• 1M: 3.73%
• YTD: 28.30%
• 6M: 24.49%
• 1Y: 45.72%
• 3Y*: 31.48%
• 5Y*: 17.35%
• 10Y*: 15.82%

CAGE.TO

• 1D: -1.01%
• 1M: -1.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMO.TO vs. CAGE.TO - Yearly Performance Comparison

	2026 (YTD)
VMO.TO Vanguard Global Momentum Factor ETF	21.60%
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	11.52%

Correlation

The correlation between VMO.TO and CAGE.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.82

Return for Risk

VMO.TO vs. CAGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMO.TO

VMO.TO Risk / Return Rank: 80
VMO.TO Sharpe Ratio Rank: 77
VMO.TO Sortino Ratio Rank: 72
VMO.TO Omega Ratio Rank: 72
VMO.TO Calmar Ratio Rank: 88
VMO.TO Martin Ratio Rank: 89

CAGE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VMO.TO vs. CAGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Momentum Factor ETF (VMO.TO) and Avantis CIBC All-Equity Asset Allocation ETF (CAGE.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.

	VMO.TO	CAGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.56	—	—
Martin ratio: Return relative to average drawdown	17.89	—	—

Drawdowns

VMO.TO vs. CAGE.TO - Drawdown Comparison

The maximum VMO.TO drawdown since its inception was -30.53%, which is greater than CAGE.TO's maximum drawdown of -4.57%. Use the drawdown chart below to compare losses from any high point for VMO.TO and CAGE.TO.

Drawdown Indicators

	VMO.TO	CAGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.53%	-4.57%	-25.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.53%	—	—
Current Drawdown Current decline from peak	-2.68%	-1.91%	-0.77%
Average Drawdown Average peak-to-trough decline	-5.20%	-0.96%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	—	—

Volatility

Volatility by Period

	VMO.TO	CAGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	15.92%	+4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	15.92%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	15.92%	+3.15%

Dividends

VMO.TO vs. CAGE.TO - Dividend Comparison

VMO.TO's dividend yield for the trailing twelve months is around 0.66%, while CAGE.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VMO.TO Vanguard Global Momentum Factor ETF	0.66%	0.85%	0.90%	1.04%	1.67%	1.11%	0.71%	1.71%	0.81%	1.17%	0.51%

Frequently Asked Questions

Can I hold both VMO.TO and CAGE.TO in my portfolio?

VMO.TO and CAGE.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between VMO.TO and CAGE.TO?

VMO.TO is categorized as Momentum, while CAGE.TO is Global Equities. They also come from different issuers: Vanguard and Avantis.