ZGRO.TO vs. CGRA.TO
ZGRO.TO (BMO Growth ETF) and CGRA.TO (CI Global Real Asset Private Pool) are both Global Allocation funds. Both are actively managed. Over the past 5 years, ZGRO.TO returned 15.20%/yr vs 7.75%/yr for CGRA.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
ZGRO.TO vs. CGRA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZGRO.TO achieves a 11.48% return, which is significantly lower than CGRA.TO's 15.41% return.
ZGRO.TO
- 1D
- 0.10%
- 1M
- -1.94%
- 6M
- 8.38%
- YTD
- 11.48%
- 1Y
- 23.24%
- 3Y*
- 21.31%
- 5Y*
- 15.20%
- 10Y*
- —
CGRA.TO
- 1D
- -0.15%
- 1M
- 0.96%
- 6M
- 14.56%
- YTD
- 15.41%
- 1Y
- 17.99%
- 3Y*
- 13.25%
- 5Y*
- 7.75%
- 10Y*
- —
ZGRO.TO vs. CGRA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 11.48% | 18.65% | 25.70% | 20.36% | -5.92% | 20.50% | 20.01% |
CGRA.TO CI Global Real Asset Private Pool | 15.41% | 7.16% | 10.58% | 6.33% | -9.03% | 20.00% | 6.05% |
Correlation
The correlation between ZGRO.TO and CGRA.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.21 |
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Return for Risk
ZGRO.TO vs. CGRA.TO — Risk / Return Rank
ZGRO.TO
CGRA.TO
ZGRO.TO vs. CGRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and CI Global Real Asset Private Pool (CGRA.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.
| ZGRO.TO | CGRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.73 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.82 | +0.57 |
| Martin ratioReturn relative to average drawdown | 12.98 | 10.48 | +2.50 |
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Drawdowns
ZGRO.TO vs. CGRA.TO - Drawdown Comparison
The maximum ZGRO.TO drawdown since its inception was -24.67%, which is greater than CGRA.TO's maximum drawdown of -16.03%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and CGRA.TO.
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Drawdown Indicators
| ZGRO.TO | CGRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -16.03% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -6.43% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -7.89% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -16.03% | -0.18% |
Current DrawdownCurrent decline from peak | -1.94% | -0.54% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -3.80% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.72% | +0.08% |
Volatility
ZGRO.TO vs. CGRA.TO - Volatility Comparison
BMO Growth ETF (ZGRO.TO) has a higher volatility of 3.69% compared to CI Global Real Asset Private Pool (CGRA.TO) at 1.35%. This indicates that ZGRO.TO's price experiences larger fluctuations and is considered to be riskier than CGRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZGRO.TO | CGRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 1.35% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 7.18% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 8.46% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 12.13% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 11.65% | +1.54% |
Dividends
ZGRO.TO vs. CGRA.TO - Dividend Comparison
ZGRO.TO's dividend yield for the trailing twelve months is around 1.43%, less than CGRA.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.55% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% | 0.00% |
ZGRO.TO BMO Growth ETF | 1.43% | 3.38% | 5.76% | 6.81% | 7.63% | 6.65% | 7.47% | 6.95% |
Frequently Asked Questions
ZGRO.TO and CGRA.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and CI.
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