PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VXM-B.TO vs. CMEY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXM-B.TO vs. CMEY.TO

Last updated Jul 1, 2026
See Documentation

VXM-B.TO (CI Morningstar International Value Index ETF (Unhedged)) and CMEY.TO (CI Marret Alternative Enhanced Yield Fund) are both exchange-traded funds - VXM-B.TO is a Foreign Small & Mid Cap Equities fund tracking the Morningstar Developed Markets ex-North America Target Value Index, while CMEY.TO is a Nontraditional Bonds fund actively managed by CI. VXM-B.TO is passively managed, while CMEY.TO is actively managed. Over the past 5 years, VXM-B.TO returned 17.52%/yr vs 3.11%/yr for CMEY.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

VXM-B.TO vs. CMEY.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 Marret Alternative Enhanced Yield Fund (CMEY.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VXM-B.TO achieves a 8.67% return, which is significantly higher than CMEY.TO's 2.62% return.

VXM-B.TO

1D
-1.19%
1M
-2.28%
YTD
8.67%
6M
8.70%
1Y
28.44%
3Y*
27.12%
5Y*
17.52%
10Y*
12.06%

CMEY.TO

1D
0.35%
1M
0.57%
YTD
2.62%
6M
2.57%
1Y
4.83%
3Y*
5.34%
5Y*
3.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		8.67%46.74%18.34%18.89%-2.50%9.58%19.01%
CMEY.TO
CI Marret Alternative Enhanced Yield Fund		2.62%4.69%5.49%5.05%-2.64%1.41%5.37%

Correlation

The correlation between VXM-B.TO and CMEY.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

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

0.08

Correlation (All Time)
Calculated using the full available price history since May 19, 2020

0.07

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 Marret Alternative Enhanced Yield Fund

Often compared with VXM-B.TO:
VXM-B.TO vs. CMNY.TOVXM-B.TO vs. CGXF.TOVXM-B.TO vs. CCOM.TOVXM-B.TO vs. CEQT.TOVXM-B.TO vs. NXF.TOVXM-B.TO vs. CIC.TOVXM-B.TO vs. CBCX.TO

Return for Risk

VXM-B.TO vs. CMEY.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: 7272
Overall Rank
VXM-B.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VXM-B.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
VXM-B.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VXM-B.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VXM-B.TO Martin Ratio Rank: 6565
Martin Ratio Rank
CMEY.TO
CMEY.TO Risk / Return Rank: 6666
Overall Rank
CMEY.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
CMEY.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
CMEY.TO Omega Ratio Rank: 6767
Omega Ratio Rank
CMEY.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
CMEY.TO Martin Ratio Rank: 7474
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. CMEY.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 Marret Alternative Enhanced Yield Fund (CMEY.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.

VXM-B.TOCMEY.TODifference
Sharpe ratioReturn per unit of total volatility
2.14
1.61

+0.52

Sortino ratioReturn per unit of downside risk
2.91
2.36

+0.55

Omega ratioGain probability vs. loss probability

1.38

1.34

+0.04

Calmar ratioReturn relative to maximum drawdown

2.76

3.45

-0.69

Martin ratioReturn relative to average drawdown

9.99

11.73

-1.74

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

The current VXM-B.TO Sharpe Ratio is 2.14, which is higher than the CMEY.TO Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of VXM-B.TO and CMEY.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.

Loading charts...

Drawdowns

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

The maximum VXM-B.TO drawdown since its inception was -38.71%, which is greater than CMEY.TO's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for VXM-B.TO and CMEY.TO.

Loading charts...

Drawdown Indicators

VXM-B.TOCMEY.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-5.57%

-33.14%

Max Drawdown (1Y)

Largest decline over 1 year

-10.33%

-1.41%

-8.92%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-2.96%

-10.35%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

-5.57%

-16.55%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

—

—

Current Drawdown

Current decline from peak

-4.06%

0.00%

-4.06%

Average Drawdown

Average peak-to-trough decline

-7.79%

-0.90%

-6.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

0.41%

+2.44%

Volatility

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

CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) has a higher volatility of 3.76% compared to CI Marret Alternative Enhanced Yield Fund (CMEY.TO) at 0.81%. This indicates that VXM-B.TO's price experiences larger fluctuations and is considered to be riskier than CMEY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VXM-B.TOCMEY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

0.81%

+2.95%

Volatility (6M)

Calculated over the trailing 6-month period

10.89%

2.39%

+8.50%

Volatility (1Y)

Calculated over the trailing 1-year period

13.37%

3.01%

+10.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

3.84%

+9.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.15%

3.62%

+11.53%

Dividends

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

VXM-B.TO's dividend yield for the trailing twelve months is around 2.01%, less than CMEY.TO's 4.36% yield.

PositionTTM20252024202320222021202020192018201720162015
CMEY.TO
CI Marret Alternative Enhanced Yield Fund		4.36%4.38%4.39%4.43%3.37%2.72%0.16%0.00%0.00%0.00%0.00%0.00%
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		2.01%2.21%3.97%3.67%3.67%2.05%2.18%1.59%2.05%1.52%1.42%1.04%

Frequently Asked Questions

VXM-B.TO and CMEY.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VXM-B.TO is categorized as Foreign Small & Mid Cap Equities, while CMEY.TO is Nontraditional Bonds.

Portfolio Optimizer

Find the right allocation for VXM-B.TO and CMEY.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