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

VXM-B.TO vs. ONEQ.TO

Last updated Jul 18, 2026
Documentation

VXM-B.TO (CI Morningstar International Value Index ETF (Unhedged)) and ONEQ.TO (CI Global Core Plus Equity ETF) 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 ONEQ.TO is a Global Equities fund actively managed by CI. VXM-B.TO is passively managed, while ONEQ.TO is actively managed. Over the past 10 years, VXM-B.TO returned 11.77%/yr vs 11.86%/yr for ONEQ.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

VXM-B.TO vs. ONEQ.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 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, VXM-B.TO achieves a 11.11% return, which is significantly lower than ONEQ.TO's 13.96% return. Both investments have delivered pretty close results over the past 10 years, with VXM-B.TO having a 11.77% annualized return and ONEQ.TO not far ahead at 11.86%.

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%

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)

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

2026 (YTD)202520242023202220212020201920182017
VXM-B.TO
CI Morningstar International Value Index ETF (Unhedged)		11.11%46.74%18.34%18.89%-2.50%9.58%-10.23%9.77%-11.40%22.82%
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%13.10%

Correlation

The correlation between VXM-B.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

0.29

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

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2015

0.31

Compare stocks, funds, or ETFs

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CI Morningstar International Value Index ETF (Unhedged)

CI Global Core Plus Equity ETF

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 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

VXM-B.TO vs. ONEQ.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
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.

VXM-B.TO vs. ONEQ.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 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.

VXM-B.TOONEQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.16
2.11

+0.05

Sortino ratioReturn per unit of downside risk
2.97
3.08

-0.11

Omega ratioGain probability vs. loss probability

1.39

1.42

-0.03

Calmar ratioReturn relative to maximum drawdown

2.83

3.80

-0.97

Martin ratioReturn relative to average drawdown

10.18

16.75

-6.57

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

The current VXM-B.TO Sharpe Ratio is 2.16, which is comparable to the ONEQ.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of VXM-B.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

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

The maximum VXM-B.TO drawdown since its inception was -38.71%, 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 VXM-B.TO and ONEQ.TO.

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Drawdown Indicators

VXM-B.TOONEQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-34.40%

-4.31%

Max Drawdown (1Y)

Largest decline over 1 year

-10.33%

-6.66%

-3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-16.08%

+2.77%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

-17.61%

-4.51%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

-34.40%

-4.31%

Current Drawdown

Current decline from peak

-1.90%

-1.20%

-0.70%

Average Drawdown

Average peak-to-trough decline

-7.76%

-3.69%

-4.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

1.51%

+1.36%

Volatility

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

CI Morningstar International Value Index ETF (Unhedged) (VXM-B.TO) has a higher volatility of 3.79% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 2.83%. This indicates that VXM-B.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.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.TOONEQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

2.83%

+0.96%

Volatility (6M)

Calculated over the trailing 6-month period

11.20%

9.93%

+1.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.59%

12.03%

+1.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

13.29%

+0.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.11%

13.91%

+1.20%

Dividends

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

VXM-B.TO's dividend yield for the trailing twelve months is around 1.97%, more than ONEQ.TO's 1.60% yield.

PositionTTM20252024202320222021202020192018201720162015
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%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 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.

VXM-B.TO is categorized as Foreign Small & Mid Cap Equities, while ONEQ.TO is Global Equities.

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