ZWQT.TO vs. CGRA.TO
ZWQT.TO (BMO Global Enhanced Income Fund Series ETF) and CGRA.TO (CI Global Real Asset Private Pool) are both Global Allocation funds. Both are actively managed. Over the past 3 years, ZWQT.TO returned 17.54%/yr vs 13.25%/yr for CGRA.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
ZWQT.TO vs. CGRA.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZWQT.TO having a 14.77% return and CGRA.TO slightly higher at 15.41%.
ZWQT.TO
- 1D
- -0.10%
- 1M
- -0.02%
- 6M
- 12.81%
- YTD
- 14.77%
- 1Y
- 27.65%
- 3Y*
- 17.54%
- 5Y*
- —
- 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*
- —
ZWQT.TO vs. CGRA.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% |
CGRA.TO CI Global Real Asset Private Pool | 15.41% | 7.16% | 10.58% | 6.46% |
Correlation
The correlation between ZWQT.TO and CGRA.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.14 |
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Return for Risk
ZWQT.TO vs. CGRA.TO — Risk / Return Rank
ZWQT.TO
CGRA.TO
ZWQT.TO vs. CGRA.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 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.
| ZWQT.TO | CGRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.73 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 2.82 | +2.26 |
| Martin ratioReturn relative to average drawdown | 20.87 | 10.48 | +10.39 |
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Drawdowns
ZWQT.TO vs. CGRA.TO - Drawdown Comparison
The maximum ZWQT.TO drawdown since its inception was -14.93%, smaller than the maximum CGRA.TO drawdown of -16.03%. Use the drawdown chart below to compare losses from any high point for ZWQT.TO and CGRA.TO.
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Drawdown Indicators
| ZWQT.TO | CGRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.93% | -16.03% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -6.43% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -7.89% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.03% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.54% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -3.80% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.72% | -0.39% |
Volatility
ZWQT.TO vs. CGRA.TO - Volatility Comparison
BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) has a higher volatility of 2.11% compared to CI Global Real Asset Private Pool (CGRA.TO) at 1.35%. This indicates that ZWQT.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
| ZWQT.TO | CGRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.35% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.18% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 8.46% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 12.13% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 11.65% | -0.68% |
Dividends
ZWQT.TO vs. CGRA.TO - Dividend Comparison
ZWQT.TO's dividend yield for the trailing twelve months is around 4.95%, more than CGRA.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.55% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% |
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 4.95% | 5.54% | 5.96% | 3.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZWQT.TO and CGRA.TO have a correlation of 0.11, 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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