XEQT.TO vs. CMGG.TO
XEQT.TO (iShares Core Equity ETF Portfolio) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. Both are actively managed. Over the past 5 years, XEQT.TO returned 13.90%/yr vs 20.41%/yr for CMGG.TO. At a 0.50 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.90%/yr for CMGG.TO.
Performance
XEQT.TO vs. CMGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEQT.TO achieves a 13.22% return, which is significantly lower than CMGG.TO's 20.49% return.
XEQT.TO
- 1D
- 0.83%
- 1M
- 6.02%
- YTD
- 13.22%
- 6M
- 11.68%
- 1Y
- 30.42%
- 3Y*
- 22.22%
- 5Y*
- 13.90%
- 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*
- —
XEQT.TO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 19.47% | 24.36% | 17.25% | -11.01% | 15.75% |
CMGG.TO CI Munro Global Growth Equity Fund | 20.49% | 21.00% | 52.95% | 24.21% | -21.16% | 11.08% |
Correlation
The correlation between XEQT.TO and CMGG.TO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.50 |
Over the past year, XEQT.TO and CMGG.TO have become more correlated (0.75) than their long-term average of 0.50, meaning their price movements have been converging.
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Return for Risk
XEQT.TO vs. CMGG.TO — Risk / Return Rank
XEQT.TO
CMGG.TO
XEQT.TO vs. CMGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.
| XEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.71 | -0.01 |
| Martin ratioReturn relative to average drawdown | 16.13 | 10.38 | +5.75 |
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
| XEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.28 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.13 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.97 | -0.01 |
Drawdowns
XEQT.TO vs. CMGG.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, roughly equal to the maximum CMGG.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and CMGG.TO.
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Drawdown Indicators
| XEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -29.00% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -10.15% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -22.85% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -29.00% | +9.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.62% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -8.90% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 3.62% | -1.73% |
Volatility
XEQT.TO vs. CMGG.TO - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 3.70%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.37%. This indicates that XEQT.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
| XEQT.TO | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 6.37% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 12.96% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 16.54% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 18.22% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 18.48% | -2.92% |
XEQT.TO vs. CMGG.TO - Expense Ratio Comparison
XEQT.TO has a 0.20% expense ratio, which is lower than CMGG.TO's 0.90% expense ratio.
Dividends
XEQT.TO vs. CMGG.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.47%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% |
Frequently Asked Questions
XEQT.TO and CMGG.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% 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: 0.20% for XEQT.TO and 0.90% for CMGG.TO.
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