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

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$172.65M in total net assets.

Its biggest positions are XTB SA (XTB.WA), Pepco Group NV (PCO.WA), and First Resources Ltd (EB5.SI). XTB SA alone accounts for 0.68% of the portfolio. The ten largest positions together make up 6.41% of the fund.

Performance Analysis

The most recent close on file for ZXM.TO is CA$65.17, dated September 4, 2026. The trailing one-year price return is +29.52%. Measured over 5 years, that is +12.12% a year compounded. The fund distributes at a trailing yield of 1.94%.

Across the complete calendar years on file, 2025 returned +35.75% and 2022 returned −20.62%. Of the 7 complete calendar years on file, 6 finished higher. 2026 is still running; the price is +16.80% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$51.73 to CA$67.33. The latest close sits 25.98% above that 52-week low. Annualized volatility over the trailing 8 years is 17.61%. The reported beta is 1.01. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.