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XDGH.TO vs. CMGG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDGH.TO vs. CMGG.TO

Last updated Jun 4, 2026

XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. XDGH.TO is passively managed, while CMGG.TO is actively managed. Over the past 5 years, XDGH.TO returned 8.12%/yr vs 20.56%/yr for CMGG.TO. At a 0.27 correlation, their price movements are largely independent. XDGH.TO charges 0.22%/yr vs 0.90%/yr for CMGG.TO.

Performance

XDGH.TO vs. CMGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) and CI Munro Global Growth Equity Fund (CMGG.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, XDGH.TO achieves a 7.16% return, which is significantly lower than CMGG.TO's 21.24% return.

XDGH.TO

1D
0.16%
1M
2.01%
YTD
7.16%
6M
8.39%
1Y
17.12%
3Y*
12.90%
5Y*
8.12%
10Y*
—

CMGG.TO

1D
0.12%
1M
10.96%
YTD
21.24%
6M
21.36%
1Y
38.88%
3Y*
35.34%
5Y*
20.56%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDGH.TO vs. CMGG.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		7.16%14.60%10.46%8.74%-1.32%12.77%
CMGG.TO
CI Munro Global Growth Equity Fund		21.24%21.00%52.95%24.21%-21.16%11.08%

Correlation

The correlation between XDGH.TO and CMGG.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.22

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

0.24

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

0.27

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2021

0.27

Compare stocks, funds, or ETFs

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iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)

CI Munro Global Growth Equity Fund

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Often compared with CMGG.TO:
CMGG.TO vs. FCCM.NEOCMGG.TO vs. VMO.TOCMGG.TO vs. CLML.TOCMGG.TO vs. SPMOCMGG.TO vs. ARKKCMGG.TO vs. GRNYCMGG.TO vs. GARP

Return for Risk

XDGH.TO vs. CMGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDGH.TO
XDGH.TO Risk / Return Rank: 5252
Overall Rank
XDGH.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
XDGH.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XDGH.TO Omega Ratio Rank: 5151
Omega Ratio Rank
XDGH.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XDGH.TO Martin Ratio Rank: 4848
Martin Ratio Rank
CMGG.TO
CMGG.TO Risk / Return Rank: 6969
Overall Rank
CMGG.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
CMGG.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
CMGG.TO Omega Ratio Rank: 6767
Omega Ratio Rank
CMGG.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
CMGG.TO Martin Ratio Rank: 6060
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.

XDGH.TO vs. CMGG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) 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.

XDGH.TOCMGG.TODifference
Sharpe ratioReturn per unit of total volatility
1.78
2.36

-0.59

Sortino ratioReturn per unit of downside risk
2.69
3.14

-0.44

Omega ratioGain probability vs. loss probability

1.32

1.40

-0.09

Calmar ratioReturn relative to maximum drawdown

2.69

3.85

-1.15

Martin ratioReturn relative to average drawdown

8.01

10.77

-2.77

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

XDGH.TO vs. CMGG.TO - Sharpe Ratio Comparison

The current XDGH.TO Sharpe Ratio is 1.78, which is comparable to the CMGG.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of XDGH.TO and CMGG.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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Sharpe Ratios by Period

XDGH.TOCMGG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

2.36

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

1.14

-0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.98

-0.44

Drawdowns

XDGH.TO vs. CMGG.TO - Drawdown Comparison

The maximum XDGH.TO drawdown since its inception was -32.99%, which is greater than CMGG.TO's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for XDGH.TO and CMGG.TO.

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Drawdown Indicators

XDGH.TOCMGG.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.99%

-29.00%

-3.99%

Max Drawdown (1Y)

Largest decline over 1 year

-6.38%

-10.15%

+3.77%

Max Drawdown (3Y)

Largest decline over 3 years

-11.96%

-22.85%

+10.89%

Max Drawdown (5Y)

Largest decline over 5 years

-14.56%

-29.00%

+14.44%

Current Drawdown

Current decline from peak

-2.25%

0.00%

-2.25%

Average Drawdown

Average peak-to-trough decline

-3.63%

-8.91%

+5.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

3.62%

-1.48%

Volatility

XDGH.TO vs. CMGG.TO - Volatility Comparison

The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) is 2.55%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.68%. This indicates that XDGH.TO 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

XDGH.TOCMGG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

6.68%

-4.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.84%

12.94%

-6.10%

Volatility (1Y)

Calculated over the trailing 1-year period

9.67%

16.53%

-6.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.14%

18.22%

-6.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.60%

18.49%

-3.89%

XDGH.TO vs. CMGG.TO - Expense Ratio Comparison

XDGH.TO has a 0.22% expense ratio, which is lower than CMGG.TO's 0.90% expense ratio.

Dividends

XDGH.TO vs. CMGG.TO - Dividend Comparison

XDGH.TO's dividend yield for the trailing twelve months is around 2.81%, while CMGG.TO has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
CMGG.TO
CI Munro Global Growth Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		2.81%2.81%3.04%3.41%3.18%3.05%3.24%2.82%3.29%0.81%

Frequently Asked Questions

XDGH.TO and CMGG.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDGH.TO is cheaper with a 0.22% expense ratio, compared with 0.90% for CMGG.TO.

They also come from different issuers: iShares and CI Global Asset Management. Their fees differ too: 0.22% for XDGH.TO and 0.90% for CMGG.TO.

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