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

VXM-B.TO vs. LONG.TO

Last updated Jul 18, 2026
Documentation

VXM-B.TO (CI Morningstar International Value Index ETF (Unhedged)) and LONG.TO (CI Global Longevity Economy 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 LONG.TO is a Health & Biotech Equities fund actively managed by CI. VXM-B.TO is passively managed, while LONG.TO is actively managed. Over the past 5 years, VXM-B.TO returned 17.68%/yr vs 10.47%/yr for LONG.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

VXM-B.TO vs. LONG.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 Global Longevity Economy Fund (LONG.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, VXM-B.TO achieves a 11.11% return, which is significantly higher than LONG.TO's 7.98% return.

VXM-B.TO

1D
-0.29%
1M
-0.49%
6M
6.23%
YTD
11.11%
1Y
29.13%
3Y*
26.57%
5Y*
17.68%
10Y*
11.77%

LONG.TO

1D
0.02%
1M
1.17%
6M
6.88%
YTD
7.98%
1Y
21.09%
3Y*
16.52%
5Y*
10.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		11.11%46.74%18.34%18.89%-2.50%9.58%6.12%
LONG.TO
CI Global Longevity Economy Fund		7.98%6.19%25.86%19.50%-9.01%11.77%22.32%

Correlation

The correlation between VXM-B.TO and LONG.TO is 0.00, 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

0.00

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

0.11

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2020

0.15

The correlation between VXM-B.TO and LONG.TO shifts across timeframes, from 0.00 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.

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 Global Longevity Economy Fund

Often compared with VXM-B.TO:
VXM-B.TO vs. CMNY.TOVXM-B.TO vs. CGXF.TOVXM-B.TO vs. CEQT.TOVXM-B.TO vs. CCOM.TOVXM-B.TO vs. NXF.TOVXM-B.TO vs. CIC.TOVXM-B.TO vs. CBCX.TO
Often compared with LONG.TO:
LONG.TO vs. LMAX.TOLONG.TO vs. HHL.TOLONG.TO vs. ZHU.TOLONG.TO vs. XHC.TOLONG.TO vs. XDNA.TOLONG.TO vs. EHE.TOLONG.TO vs. CIC.TO

Return for Risk

VXM-B.TO vs. LONG.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: 8080
Overall Rank
VXM-B.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VXM-B.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
VXM-B.TO Omega Ratio Rank: 8484
Omega Ratio Rank
VXM-B.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VXM-B.TO Martin Ratio Rank: 7373
Martin Ratio Rank
LONG.TO
LONG.TO Risk / Return Rank: 4040
Overall Rank
LONG.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
LONG.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
LONG.TO Omega Ratio Rank: 4545
Omega Ratio Rank
LONG.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
LONG.TO Martin Ratio Rank: 3939
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. LONG.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 Global Longevity Economy Fund (LONG.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.TOLONG.TODifference
Sharpe ratioReturn per unit of total volatility
2.16
1.19

+0.96

Sortino ratioReturn per unit of downside risk
2.97
1.69

+1.28

Omega ratioGain probability vs. loss probability

1.39

1.22

+0.17

Calmar ratioReturn relative to maximum drawdown

2.83

1.28

+1.55

Martin ratioReturn relative to average drawdown

10.18

4.55

+5.63

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

The current VXM-B.TO Sharpe Ratio is 2.16, which is higher than the LONG.TO Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of VXM-B.TO and LONG.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

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

The maximum VXM-B.TO drawdown since its inception was -38.71%, which is greater than LONG.TO's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for VXM-B.TO and LONG.TO.

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Drawdown Indicators

VXM-B.TOLONG.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-23.65%

-15.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.33%

-16.39%

+6.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-22.45%

+9.14%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

-23.65%

+1.53%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

—

—

Current Drawdown

Current decline from peak

-1.90%

-2.87%

+0.97%

Average Drawdown

Average peak-to-trough decline

-7.76%

-5.64%

-2.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

4.61%

-1.74%

Volatility

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

The current volatility for CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) is 3.79%, while CI Global Longevity Economy Fund (LONG.TO) has a volatility of 7.03%. This indicates that VXM-B.TO experiences smaller price fluctuations and is considered to be less risky than LONG.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.TOLONG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

7.03%

-3.24%

Volatility (6M)

Calculated over the trailing 6-month period

11.20%

14.80%

-3.60%

Volatility (1Y)

Calculated over the trailing 1-year period

13.59%

17.62%

-4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

17.56%

-3.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.11%

17.80%

-2.69%

Dividends

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

VXM-B.TO's dividend yield for the trailing twelve months is around 1.97%, while LONG.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
LONG.TO
CI Global Longevity Economy Fund		0.00%0.00%0.00%0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		1.97%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 LONG.TO have a correlation of 0.00, 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 LONG.TO is Health & Biotech Equities.

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