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VXM-B.TO vs. CEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VXM-B.TO vs. CEQT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) and CI Equity Asset Allocation ETF (CEQT.TO).

VXM-B.TO and CEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXM-B.TO is a passively managed fund by CI that tracks the performance of the Morningstar Developed Markets ex-North America Target Value Index. It was launched on Nov 13, 2014. CEQT.TO is an actively managed fund by CI. It was launched on May 17, 2023.

Performance

VXM-B.TO vs. CEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) and CI Equity Asset Allocation ETF (CEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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VXM-B.TO vs. CEQT.TO - Yearly Performance Comparison

2026 (YTD)202520242023
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		7.56%46.74%18.25%7.41%
CEQT.TO
CI Equity Asset Allocation ETF		-1.84%18.84%27.38%6.47%

Returns By Period

In the year-to-date period, VXM-B.TO achieves a 7.56% return, which is significantly higher than CEQT.TO's -1.84% return.

VXM-B.TO

1D
2.88%
1M
-5.04%
YTD
7.56%
6M
13.35%
1Y
39.53%
3Y*
27.32%
5Y*
17.05%
10Y*
12.14%

CEQT.TO

1D
-0.49%
1M
-6.66%
YTD
-1.84%
6M
1.25%
1Y
18.86%
3Y*
—
5Y*
—
10Y*
—
*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 Morningstar International Value Index ETF (Unhedged)

CI Equity Asset Allocation ETF

Often compared with VXM-B.TO:
VXM-B.TO vs. CCOM.TOVXM-B.TO vs. CMNY.TOVXM-B.TO vs. CGXF.TOVXM-B.TO vs. CIC.TOVXM-B.TO vs. ZXM.TO
Often compared with CEQT.TO:
CEQT.TO vs. ZEQT.TOCEQT.TO vs. PYF.TOCEQT.TO vs. CCOM.TOCEQT.TO vs. CSBG.NEOCEQT.TO vs. TEQT.TOCEQT.TO vs. FEQT.NEOCEQT.TO vs. MIX.TO

VXM-B.TO vs. CEQT.TO - Expense Ratio Comparison

VXM-B.TO has a 0.66% expense ratio, which is higher than CEQT.TO's 0.30% expense ratio.

VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)
CEQT.TO
CI Equity Asset Allocation ETF

Return for Risk

VXM-B.TO vs. CEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VXM-B.TO
VXM-B.TO Risk / Return Rank: 9595
Overall Rank
VXM-B.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
VXM-B.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
VXM-B.TO Omega Ratio Rank: 9696
Omega Ratio Rank
VXM-B.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
VXM-B.TO Martin Ratio Rank: 9696
Martin Ratio Rank
CEQT.TO
CEQT.TO Risk / Return Rank: 5959
Overall Rank
CEQT.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
CEQT.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
CEQT.TO Omega Ratio Rank: 8888
Omega Ratio Rank
CEQT.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
CEQT.TO Martin Ratio Rank: 5656
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.

VXM-B.TO vs. CEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) and CI Equity Asset Allocation ETF (CEQT.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.

VXM-B.TOCEQT.TODifference

Sharpe ratio

Return per unit of total volatility

2.53

0.98

+1.55

Sortino ratio

Return per unit of downside risk

3.22

1.46

+1.76

Omega ratio

Gain probability vs. loss probability

1.50

1.36

+0.13

Calmar ratio

Return relative to maximum drawdown

3.93

1.19

+2.74

Martin ratio

Return relative to average drawdown

17.75

5.56

+12.19

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

VXM-B.TO vs. CEQT.TO - Sharpe Ratio Comparison

The current VXM-B.TO Sharpe Ratio is 2.53, which is higher than the CEQT.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of VXM-B.TO and CEQT.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.

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Sharpe Ratios by Period

VXM-B.TOCEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

0.98

+1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.75

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

1.35

-0.48

Correlation

The correlation between VXM-B.TO and CEQT.TO is 0.19, 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

VXM-B.TO vs. CEQT.TO - Dividend Comparison

VXM-B.TO's dividend yield for the trailing twelve months is around 2.38%, more than CEQT.TO's 1.04% yield.

TTM20252024202320222021202020192018201720162015
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		2.38%2.21%3.97%3.66%3.67%2.05%2.18%1.59%6.77%1.52%1.92%2.16%
CEQT.TO
CI Equity Asset Allocation ETF		1.04%1.25%1.82%1.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VXM-B.TO vs. CEQT.TO - Drawdown Comparison

The maximum VXM-B.TO drawdown since its inception was -35.51%, which is greater than CEQT.TO's maximum drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for VXM-B.TO and CEQT.TO.

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Drawdown Indicators

VXM-B.TOCEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.51%

-14.02%

-21.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-11.49%

+0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.51%

—

—

Current Drawdown

Current decline from peak

-5.04%

-7.26%

+2.22%

Average Drawdown

Average peak-to-trough decline

-5.99%

-1.20%

-4.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.90%

+0.05%

Volatility

VXM-B.TO vs. CEQT.TO - Volatility Comparison

CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) has a higher volatility of 7.15% compared to CI Equity Asset Allocation ETF (CEQT.TO) at 3.60%. This indicates that VXM-B.TO's price experiences larger fluctuations and is considered to be riskier than CEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXM-B.TOCEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.15%

3.60%

+3.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.21%

7.69%

+2.52%

Volatility (1Y)

Calculated over the trailing 1-year period

17.35%

16.53%

+0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.18%

12.94%

+5.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

12.94%

+5.99%