ATZ.TO vs. CGL.TO
ATZ.TO (Aritzia Inc.) is a stock, while CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion. Over the past 5 years, ATZ.TO returned 38.38%/yr vs 15.73%/yr for CGL.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
ATZ.TO vs. CGL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ATZ.TO achieves a 43.60% return, which is significantly higher than CGL.TO's -3.19% return.
ATZ.TO
- 1D
- 1.59%
- 1M
- 17.04%
- YTD
- 43.60%
- 6M
- 48.06%
- 1Y
- 158.47%
- 3Y*
- 67.44%
- 5Y*
- 38.38%
- 10Y*
- —
CGL.TO
- 1D
- 0.25%
- 1M
- -9.62%
- YTD
- -3.19%
- 6M
- -3.25%
- 1Y
- 19.93%
- 3Y*
- 27.16%
- 5Y*
- 15.73%
- 10Y*
- 10.99%
ATZ.TO vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATZ.TO Aritzia Inc. | 43.60% | 119.59% | 94.33% | -41.92% | -9.55% | 102.99% | 35.38% | 16.16% | 29.24% | -27.49% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -3.19% | 60.08% | 25.70% | 11.26% | -1.07% | -4.58% | 23.41% | 16.58% | -3.19% | 11.68% |
Correlation
The correlation between ATZ.TO and CGL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2016 | 0.02 |
The correlation between ATZ.TO and CGL.TO shifts across timeframes, from 0.02 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ATZ.TO vs. CGL.TO — Risk / Return Rank
ATZ.TO
CGL.TO
ATZ.TO vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aritzia Inc. (ATZ.TO) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATZ.TO | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.16 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 0.87 | +5.60 |
| Martin ratioReturn relative to average drawdown | 18.39 | 2.49 | +15.90 |
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Drawdowns
ATZ.TO vs. CGL.TO - Drawdown Comparison
The maximum ATZ.TO drawdown since its inception was -64.82%, which is greater than CGL.TO's maximum drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for ATZ.TO and CGL.TO.
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Drawdown Indicators
| ATZ.TO | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.82% | -45.96% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -23.22% | -24.93% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -46.84% | -24.93% | -21.91% |
Max Drawdown (5Y)Largest decline over 5 years | -64.82% | -24.93% | -39.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.93% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.50% | +22.50% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -20.30% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 8.66% | -0.51% |
Volatility
ATZ.TO vs. CGL.TO - Volatility Comparison
Aritzia Inc. (ATZ.TO) has a higher volatility of 10.40% compared to iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) at 7.67%. This indicates that ATZ.TO's price experiences larger fluctuations and is considered to be riskier than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATZ.TO | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.40% | 7.67% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 30.77% | 24.08% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.12% | 27.61% | +9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.69% | 18.54% | +28.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.07% | 16.53% | +26.54% |
Dividends
ATZ.TO vs. CGL.TO - Dividend Comparison
Neither ATZ.TO nor CGL.TO has paid dividends to shareholders.
Frequently Asked Questions
ATZ.TO and CGL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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