A side-by-side comparison of CI Munro Global Growth Equity Fund ETF (CMGG) and iShares Core Equity Portfolio (XEQT) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | CMGG | XEQT |
|---|---|---|
| YTD Return | +11.74%✓ | +10.53% |
| 1-Day Change | -0.33% | -0.20%✓ |
| 1-Week Change | -2.99% | -1.38%✓ |
| 1-Month Change | -9.47% | -2.31%✓ |
| Current Price | $45.13 | $44.39 |
| AUM | $365M | $20.17B✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | — | 1.59% |
| Distribution Frequency | Annually | Quarterly |
| Inception Date | 2021-01-07 | 2019-08-07 |
| Holdings Count | 9 | 5 |
| MorningStar Rating | ★★★★★ | ★★★★★ |
| Category | Global Equity | Global Equity |
| Beta | 1.38 | 0.90 |
| 52-Week High | $50.59 | $45.66 |
| 52-Week Low | $37.18 | $35.26 |
| 50-Day MA | $47.39 | $44.52 |
| 200-Day MA | $42.43 | $41.66 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CMGG | XEQT |
|---|---|---|
| YTD | +11.74%✓ | +10.53% |
| 1 Year | +19.28% | +25.25%✓ |
| 3 Year | +31.60%✓ | +21.13% |
| 5 Year | +16.51%✓ | +13.41% |
| 10 Year | — | — |
| 1Y Volatility | 17.42% | 9.21% |
| Sharpe Ratio (3Y) | 1.67 | 1.75 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NVDA | NVIDIA Corporation | 7.00% |
| 2 | AMZN | Amazon.com Inc | 4.98% |
| 3 | 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 4.36% |
| 4 | GEV | GE Vernova LLC | 4.33% |
| 5 | GOOGL | Alphabet Inc Class A | 4.18% |
| 6 | MSFT | Microsoft Corporation | 4.16% |
| 7 | CEG | Constellation Energy Corp | 3.65% |
| 8 | CRH | CRH PLC ADR | 3.46% |
| 9 | MA | Mastercard Inc | 3.37% |
| 1 | XTOT | iShares Core S&P Total U.S. Stock Market Index ETF | 28.41% |
| 2 | XIC | XIC | 24.87% |
| 3 | XEF | iShares Core MSCI EAFE IMI | 24.37% |
| 4 | ITOT | iShares Core S&P Total U.S. Stock Market ETF | 17.14% |
| 5 | XEC | Cimarex Energy Co | 5.01% |
Sector Weights
| Sector | CMGG | XEQT |
|---|---|---|
| Basic Materials | 0.00% | 6.41% |
| Communication Services | 8.50% | 6.06% |
| Consumer Cyclicals | 6.13% | 7.73% |
| Consumer Defensive | 0.00% | 4.48% |
| Energy | 1.80% | 6.90% |
| Financial Services | 3.22% | 21.79% |
| Healthcare | 5.20% | 6.94% |
| Industrials | 32.16% | 12.09% |
| Real Estate | 0.00% | 2.22% |
| Technology | 42.99% | 22.63% |
| Utilities | 0.00% | 2.76% |
About CMGG
NA
About XEQT
The Fund seeks to provide long-term capital growth by investing primarily in one or more exchange-traded funds managed by BlackRock Canada or an affiliate that provide exposure to equity securities.
Which ETF is Right for You?
Both CMGG and XEQT are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
CMGG and XEQT are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between CMGG and XEQT?
CMGG (CI Munro Global Growth Equity Fund ETF) and XEQT (iShares Core Equity Portfolio) are both Canadian-listed ETFs. Key differences include their AUM ($365M vs $20.17B), dividend yield (N/A vs 1.59%), and year-to-date performance (+11.74% vs +10.53%).
Is CMGG better than XEQT?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, CMGG has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy CMGG and XEQT on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CMGG and XEQT should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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