ZWQT.TO vs. CGAA.TO
ZWQT.TO (BMO Global Enhanced Income Fund Series ETF) and CGAA.TO (CI Global Asset Allocation Private Pool) are both Global Allocation funds. Both are actively managed. Over the past 3 years, ZWQT.TO returned 17.54%/yr vs 11.60%/yr for CGAA.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
ZWQT.TO vs. CGAA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZWQT.TO achieves a 14.77% return, which is significantly higher than CGAA.TO's 3.68% return.
ZWQT.TO
- 1D
- -0.10%
- 1M
- -0.02%
- 6M
- 12.81%
- YTD
- 14.77%
- 1Y
- 27.65%
- 3Y*
- 17.54%
- 5Y*
- —
- 10Y*
- —
CGAA.TO
- 1D
- -0.67%
- 1M
- -0.40%
- 6M
- 2.10%
- YTD
- 3.68%
- 1Y
- 12.12%
- 3Y*
- 11.60%
- 5Y*
- 7.00%
- 10Y*
- 5.90%
ZWQT.TO vs. CGAA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 14.77% | 14.08% | 17.82% | 6.60% |
CGAA.TO CI Global Asset Allocation Private Pool | 3.68% | 10.61% | 16.99% | 6.12% |
Correlation
The correlation between ZWQT.TO and CGAA.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.30 |
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Return for Risk
ZWQT.TO vs. CGAA.TO — Risk / Return Rank
ZWQT.TO
CGAA.TO
ZWQT.TO vs. CGAA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) and CI Global Asset Allocation Private Pool (CGAA.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.
| ZWQT.TO | CGAA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.23 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 1.66 | +3.42 |
| Martin ratioReturn relative to average drawdown | 20.87 | 5.85 | +15.02 |
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Drawdowns
ZWQT.TO vs. CGAA.TO - Drawdown Comparison
The maximum ZWQT.TO drawdown since its inception was -14.93%, smaller than the maximum CGAA.TO drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for ZWQT.TO and CGAA.TO.
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Drawdown Indicators
| ZWQT.TO | CGAA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.93% | -41.34% | +26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -7.59% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -11.64% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.56% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.26% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -7.46% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.14% | -0.81% |
Volatility
ZWQT.TO vs. CGAA.TO - Volatility Comparison
The current volatility for BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) is 2.11%, while CI Global Asset Allocation Private Pool (CGAA.TO) has a volatility of 2.79%. This indicates that ZWQT.TO experiences smaller price fluctuations and is considered to be less risky than CGAA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWQT.TO | CGAA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.79% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 8.54% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 10.55% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 11.63% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 12.21% | -1.24% |
Dividends
ZWQT.TO vs. CGAA.TO - Dividend Comparison
ZWQT.TO's dividend yield for the trailing twelve months is around 4.95%, more than CGAA.TO's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGAA.TO CI Global Asset Allocation Private Pool | 1.73% | 1.57% | 2.00% | 2.19% | 2.21% | 0.91% | 1.14% | 2.66% | 3.74% | 3.36% | 3.12% | 3.20% |
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 4.95% | 5.54% | 5.96% | 3.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZWQT.TO and CGAA.TO have a correlation of 0.34, 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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