TSX · CAD · ETF

CI Morningstar International Momentum Index ETF Common Units (CAD Hedged) (ZXM.TO) ETF Analysis

ZXM.TO

Expense ratio 0.67% Yield 1.82% Assets CA$179.92M Since November 13, 2014 Family CI Investments Inc

Last Updated: October 20, 2026

CA$62.85

−CA$0.43 (−0.68%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZXM.TO Annualized Returns

With dividends reinvested · as of October 20, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+19.73%	+19.73%	CA$119.73	CA$359.20
3 years	+104.87%	+27.01%	CA$204.87	CA$614.62
5 years	+76.81%	+12.07%	CA$176.81	CA$530.44
10 years	+237.14%	+12.92%	CA$337.14	CA$1,011.43

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

ZXM.TO Return by Calendar Year

2016 and 2026 are partial years

−20.62%+35.75%+12.97%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+12.97%
2025	+35.75%
2024	+21.41%
2023	+14.21%
2022	−20.62%
2021	+25.67%
2020	+16.23%
2019	+30.39%
2018	−17.00%
2017	+28.15%
2016 (partial year)	+0.23%

ZXM.TO Monthly Returns

−14%+15%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+5.1	+7.2	−7.9	+6.7	+2.9	+2.8	−3.9	+5.4	−1.2	−3.4	—	—
2025	+4.1	−0.1	+0.2	+1.3	+7.1	+2.2	+3.3	+4.2	+1.6	+3.6	+2.1	+1.5
2024	+4.6	+6.6	+5.0	−0.8	+2.5	−0.5	−1.2	−0.6	+0.9	−0.9	+3.0	+1.3
2023	+2.9	+2.6	+0.2	+0.7	−2.3	+5.1	+2.2	−1.8	−2.0	−4.0	+6.8	+3.5
2022	−10.5	−3.8	+3.5	−2.8	−1.7	−10.3	+6.5	−0.5	−8.9	+6.1	+3.4	−1.8
2021	+0.5	+0.1	+4.3	+4.8	+1.3	+2.5	+4.5	+1.6	−4.0	+4.4	+0.6	+2.6
2020	−0.1	−8.2	−13.3	+14.2	+7.1	+2.9	+2.9	+3.4	+2.3	−3.9	+7.4	+3.5
2019	+6.9	+3.6	+2.9	+4.1	−2.1	+2.2	+1.3	−2.1	+1.6	+1.0	+5.1	+2.7
2018	+2.3	−2.8	−0.9	+2.1	+3.0	−1.4	+0.7	−1.0	−0.1	−10.1	−2.5	−6.9
2017	+1.5	+3.0	+3.1	+3.2	+2.9	+0.4	+0.2	+1.4	+3.2	+3.5	+0.7	+2.0

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZXM.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 16.62%
Beta (3y): 1.03
Best year: +35.75%
Worst year: −20.62%

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

#	Symbol	Name	Weight
1	EB5.SI	First Resources Ltd	0.86%
2	8050.T	Seiko Group Corp	0.82%
3	XTB.WA	XTB SA	0.8%
4	6098.T	Recruit Holdings Co Ltd	0.8%
5	P8Z.SI	Bumitama Agri Ltd	0.73%
6	OET.OL	Okeanis Eco Tankers Corp	0.66%
7	7806.T	MTG Co Ltd Ordinary Shares	0.65%
8	1308.HK	SITC International Holdings Co Ltd	0.64%
9	DDR.AX	Dicker Data Ltd	0.63%
10	ALK.AX	Alkane Resources Ltd	0.63%

Analysis

Data-derived

Fund Overview

CI Morningstar International Momentum Index ETF Common Units (CAD Hedged) (ZXM.TO) is an exchange-traded fund. CI Investments Inc is the fund family on file. It has been trading since November 13, 2014. The fund holds CA$179.92M in total net assets. The expense ratio is 0.67%. On a CA$10,000 position that is CA$67.00 a year.

Its biggest positions are First Resources Ltd (EB5.SI), Seiko Group Corp (8050.T), and XTB SA (XTB.WA). First Resources Ltd alone accounts for 0.86% of the portfolio. The ten largest positions together make up 7.22% of the fund.

Performance Analysis

The most recent close on file for ZXM.TO is CA$62.85, dated October 20, 2026. The trailing one-year total return is +19.73%. Measured over 10 years, that is +12.92% a year compounded. The fund distributes at a trailing yield of 1.82%.

Across the complete calendar years on file, 2025 returned +35.75% and 2022 returned −20.62%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +12.97% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$52.98 to CA$67.33. The latest close sits 18.63% above that 52-week low. Annualized volatility over the trailing 10 years is 16.62%. The reported beta is 1.03. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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