WSHR.NEO vs. CMGG.TO
WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. WSHR.NEO is passively managed, while CMGG.TO is actively managed. Over the past 5 years, WSHR.NEO returned 7.02%/yr vs 20.41%/yr for CMGG.TO. At a 0.34 correlation, their price movements are largely independent. WSHR.NEO charges 0.56%/yr vs 0.90%/yr for CMGG.TO.
Performance
WSHR.NEO vs. CMGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WSHR.NEO achieves a 5.97% return, which is significantly lower than CMGG.TO's 20.49% return.
WSHR.NEO
- 1D
- 0.27%
- 1M
- 3.61%
- YTD
- 5.97%
- 6M
- 4.74%
- 1Y
- 9.08%
- 3Y*
- 9.32%
- 5Y*
- 7.02%
- 10Y*
- —
CMGG.TO
- 1D
- -0.62%
- 1M
- 7.39%
- YTD
- 20.49%
- 6M
- 20.10%
- 1Y
- 37.47%
- 3Y*
- 34.84%
- 5Y*
- 20.41%
- 10Y*
- —
WSHR.NEO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 5.97% | 5.34% | 12.31% | 11.88% | -10.32% | 16.05% |
CMGG.TO CI Munro Global Growth Equity Fund | 20.49% | 21.00% | 52.95% | 24.21% | -21.16% | 20.17% |
Correlation
The correlation between WSHR.NEO and CMGG.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.34 |
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Return for Risk
WSHR.NEO vs. CMGG.TO — Risk / Return Rank
WSHR.NEO
CMGG.TO
WSHR.NEO vs. CMGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and CI Munro Global Growth Equity Fund (CMGG.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.
| WSHR.NEO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 3.71 | -2.69 |
| Martin ratioReturn relative to average drawdown | 3.39 | 10.38 | -7.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WSHR.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.28 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.13 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.97 | -0.27 |
Drawdowns
WSHR.NEO vs. CMGG.TO - Drawdown Comparison
The maximum WSHR.NEO drawdown since its inception was -20.86%, smaller than the maximum CMGG.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and CMGG.TO.
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Drawdown Indicators
| WSHR.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -29.00% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -10.15% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -22.85% | +11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -29.00% | +8.14% |
Current DrawdownCurrent decline from peak | -0.93% | -0.62% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -8.90% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.62% | -0.93% |
Volatility
WSHR.NEO vs. CMGG.TO - Volatility Comparison
The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 2.21%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.37%. This indicates that WSHR.NEO experiences smaller price fluctuations and is considered to be less risky than CMGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSHR.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 6.37% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 12.96% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 16.54% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.13% | 18.22% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.11% | 18.48% | -7.37% |
WSHR.NEO vs. CMGG.TO - Expense Ratio Comparison
WSHR.NEO has a 0.56% expense ratio, which is lower than CMGG.TO's 0.90% expense ratio.
Dividends
WSHR.NEO vs. CMGG.TO - Dividend Comparison
WSHR.NEO's dividend yield for the trailing twelve months is around 1.32%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.32% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% |
Frequently Asked Questions
WSHR.NEO and CMGG.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WSHR.NEO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WSHR.NEO is cheaper with a 0.56% expense ratio, compared with 0.90% for CMGG.TO.
They also come from different issuers: Mackenzie and CI Global Asset Management. Their fees differ too: 0.56% for WSHR.NEO and 0.90% for CMGG.TO.
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