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iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

CA46432D2014

CUSIP

46432D201

Issuer

iShares

Inception Date

May 28, 2009

Leveraged

1x

Index Tracked

Gold Bullion

Asset Class

Commodity

Expense Ratio

CGL.TO has an expense ratio of 0.55%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) returned 27.32% year-to-date (YTD) and 43.05% over the past 12 months. Over the past 10 years, CGL.TO returned 9.47% annually, underperforming the S&P 500 benchmark at 10.98%.


CGL.TO

YTD

27.32%

1M

5.85%

6M

26.07%

1Y

43.05%

3Y*

20.68%

5Y*

12.79%

10Y*

9.47%

^GSPC (Benchmark)

YTD

1.72%

1M

0.41%

6M

-1.12%

1Y

9.31%

3Y*

17.64%

5Y*

13.94%

10Y*

10.98%

*Annualized

Monthly Returns

The table below presents the monthly returns of CGL.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20256.58%1.99%9.32%4.22%0.39%2.40%27.32%
2024-1.45%0.37%8.95%2.76%1.64%-0.19%5.26%1.95%4.83%4.36%-3.77%-0.98%25.67%
20234.99%-5.33%8.14%0.82%-1.24%-2.74%2.36%-1.52%-4.76%7.56%2.32%1.16%11.26%
2022-1.60%6.03%1.73%-2.51%-3.68%-1.14%-2.84%-2.72%-3.37%-1.85%8.23%3.49%-1.07%
2021-2.80%-6.48%-1.26%3.55%8.01%-7.61%2.68%-0.13%-3.41%1.28%-0.58%3.17%-4.58%
20204.56%-0.60%-0.38%7.36%2.54%2.69%10.54%-0.61%-4.28%-0.51%-5.71%6.87%23.41%
20193.02%-0.36%-2.05%-1.23%1.89%7.06%0.76%7.89%-3.50%2.34%-3.23%3.58%16.58%
20182.75%-1.90%0.53%-0.92%-1.28%-4.03%-2.61%-2.30%-0.29%1.67%0.58%4.90%-3.19%
20175.25%3.20%-1.00%2.21%-0.27%-2.62%2.23%4.17%-3.05%-1.44%0.27%2.55%11.68%
20165.57%11.68%-1.27%4.88%-6.06%9.16%1.97%-3.61%1.13%-3.10%-8.89%-1.46%8.25%
20158.75%-5.77%-1.95%-0.76%0.48%-1.04%-7.38%3.62%-1.90%2.34%-6.87%-0.32%-11.31%
20143.56%6.42%-3.14%0.53%-2.97%6.29%-3.38%0.18%-5.86%-3.53%-0.58%1.84%-1.50%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 95, CGL.TO is among the top 5% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of CGL.TO is 9595
Overall Rank
The Sharpe Ratio Rank of CGL.TO is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of CGL.TO is 9595
Sortino Ratio Rank
The Omega Ratio Rank of CGL.TO is 9393
Omega Ratio Rank
The Calmar Ratio Rank of CGL.TO is 9797
Calmar Ratio Rank
The Martin Ratio Rank of CGL.TO is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

iShares Gold Bullion ETF (CAD-Hedged) Sharpe ratios as of Jun 18, 2025 (values are recalculated daily):

  • 1-Year: 2.41
  • 5-Year: 0.82
  • 10-Year: 0.64
  • All Time: 0.43

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of iShares Gold Bullion ETF (CAD-Hedged) compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


iShares Gold Bullion ETF (CAD-Hedged) doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares Gold Bullion ETF (CAD-Hedged). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Gold Bullion ETF (CAD-Hedged) was 44.53%, occurring on Dec 17, 2015. Recovery took 1160 trading sessions.

The current iShares Gold Bullion ETF (CAD-Hedged) drawdown is 1.60%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-44.53%Aug 23, 20111086Dec 17, 20151160Aug 4, 20202246
-23.72%Aug 7, 2020536Sep 26, 2022363Mar 7, 2024899
-9.8%Dec 4, 200944Feb 8, 201057Apr 30, 2010101
-9.1%Jun 2, 200955Aug 19, 200914Sep 9, 200969
-8.18%Dec 7, 201035Jan 27, 201122Mar 1, 201157
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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