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CI Alternative North American Opportunities Fund (CNAO) and CI Global Alpha Innovation ETF (CINV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CNAO focuses its top 3 sector exposures on Technology, Healthcare, and Industrials, while CINV leans towards Technology, Industrials, and Healthcare. When evaluating costs, CNAO features a management fee (MER) of 0.9%, compared to 0.8% for CINV. Performance-wise, CNAO has returned 5.36% year-to-date with -$4 M in net flows, whereas CINV is at 10.71% with +$2 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CNAO
CINV
| AuM | $47.35 M | $13.57 M |
| Management Fees | 0.90% | 0.80% |
| Exp. ratio | 1.21% | 1.06% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CNAO | -0.44% | +7.48% | +5.36% | +11.37% | +60.49% |
CINV | -0.41% | +9.54% | +10.71% | +20.78% | +113.51% | |
| Flows | CNAO | +$1 M | -$2 M | -$4 M | -$3 M | +$41 M |
CINV | +$1 M | +$1 M | +$2 M | +$3 M | +$7 M |
CNAO vs CINV exposure
Countries
CNAO
USA
83.96%
Canada
10.06%
CINV
USA
84.42%
Other
15.58%
Sectors
CNAO
Technology
66.80%
Healthcare
14.58%
Industrials
11.07%
Other
7.55%
CINV
Technology
62.84%
Industrials
9.21%
Healthcare
8.72%
Consumer Non-Cyclicals
8.19%
Other
11.05%
As of July 17, 2026
Top 10 Holdings
CNAO
NVIDIA Corp.
7.56%
Alphabet, Inc.
6.08%
DexCom, Inc.
5.56%
Amazon.com, Inc.
5.20%
IQVIA Holdings, Inc.
5.05%
Celestica, Inc.
4.84%
Microsoft Corp.
4.67%
Meta Platforms, Inc.
4.38%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.09%
Snowflake, Inc.
3.78%
CINV
NVIDIA Corp.
7.38%
Alphabet, Inc.
5.01%
Broadcom Inc.
4.83%
Amazon.com, Inc.
4.82%
Microsoft Corp.
4.28%
Meta Platforms, Inc.
3.73%
Snowflake, Inc.
3.55%
Palo Alto Networks, Inc.
3.40%
Lam Research Corp.
3.26%
Analog Devices, Inc.
3.20%
Diversification
CNAO
Total weight of top 10 holdings out of 35 total
51.21%
CINV
Total weight of top 10 holdings out of 47 total
43.45%
Characteristics
Frequently asked questions about CNAO and CINV
Which ETF has performed better year to date: CNAO or CINV?
As of July 17, 2026, CNAO has returned 5.36% year to date, while CINV has returned 10.71%. CINV is ahead on YTD performance.
Which ETF is larger by assets under management: CNAO or CINV?
As of July 17, 2026, CNAO manages $47.35 M in assets, while CINV manages $13.57 M. CNAO is the larger fund by AUM.
How are CNAO and CINV managed?
CNAO is actively managed by CI. It does not track an index. CINV is actively managed by CI. It does not track an index.
What sectors do CNAO and CINV emphasize?
CNAO is most exposed to Technology, Healthcare, and Industrials. CINV is most exposed to Technology, Industrials, and Healthcare.
Which ETF is attracting more investor flows: CNAO or CINV?
Year to date, CNAO has seen -$3.80 M in net flows, compared with +$2.44 M for CINV. CINV has attracted more net investor money so far.
How do the fees of CNAO and CINV compare?
CNAO has an expense ratio of 1.21%, while CINV has an expense ratio of 1.06%.
What are the top holdings of CNAO and CINV?
CNAO's largest holdings include NVIDIA Corp., Alphabet, Inc., and DexCom, Inc.. CINV's top holdings include NVIDIA Corp., Alphabet, Inc., and Broadcom Inc..
Which ETF is more diversified: CNAO or CINV?
CNAO holds 35 securities, while CINV holds 47. On holdings count, CINV is the more diversified portfolio.
Recent articles about CNAO and CINV
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