AVUV vs. CGL-C.TO
AVUV (Avantis US Small Cap Value ETF) and CGL-C.TO (iShares Gold Bullion ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while CGL-C.TO is a Gold fund tracking the LBMA Gold Price (CAD). AVUV is actively managed, while CGL-C.TO is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 16.71%/yr for CGL-C.TO. At a correlation of -0.09, they often move in opposite directions. AVUV charges 0.25%/yr vs 0.55%/yr for CGL-C.TO.
Performance
AVUV vs. CGL-C.TO - Performance Comparison
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Different Trading Currencies
AVUV is traded in USD, while CGL-C.TO is traded in CAD. To make them comparable, the CGL-C.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVUV achieves a 22.73% return, which is significantly higher than CGL-C.TO's -2.68% return.
AVUV
- 1D
- 0.96%
- 1M
- 5.11%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 42.12%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
CGL-C.TO
- 1D
- -0.00%
- 1M
- -10.30%
- YTD
- -2.68%
- 6M
- -2.36%
- 1Y
- 23.97%
- 3Y*
- 28.82%
- 5Y*
- 16.71%
- 10Y*
- 11.89%
AVUV vs. CGL-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
CGL-C.TO iShares Gold Bullion ETF | -2.58% | 62.99% | 26.68% | 12.82% | -0.22% | -4.80% | 24.71% | 0.03% |
Correlation
The correlation between AVUV and CGL-C.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.09 |
The correlation between AVUV and CGL-C.TO shifts across timeframes, from -0.09 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVUV vs. CGL-C.TO — Risk / Return Rank
AVUV
CGL-C.TO
AVUV vs. CGL-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and iShares Gold Bullion ETF (CGL-C.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.
| AVUV | CGL-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 0.99 | +4.07 |
| Martin ratioReturn relative to average drawdown | 15.09 | 2.87 | +12.22 |
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Drawdowns
AVUV vs. CGL-C.TO - Drawdown Comparison
The maximum AVUV drawdown since its inception was -49.42%, which is greater than CGL-C.TO's maximum drawdown of -42.11%. Use the drawdown chart below to compare losses from any high point for AVUV and CGL-C.TO.
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Drawdown Indicators
| AVUV | CGL-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -42.11% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -24.32% | +16.37% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -24.32% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -24.32% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -21.86% | +21.86% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -18.51% | +10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 8.37% | -5.70% |
Volatility
AVUV vs. CGL-C.TO - Volatility Comparison
The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.53%, while iShares Gold Bullion ETF (CGL-C.TO) has a volatility of 7.57%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than CGL-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVUV | CGL-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 7.57% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 22.90% | -11.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 26.70% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 18.22% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.26% | 16.73% | +11.53% |
AVUV vs. CGL-C.TO - Expense Ratio Comparison
AVUV has a 0.25% expense ratio, which is lower than CGL-C.TO's 0.55% expense ratio.
Dividends
AVUV vs. CGL-C.TO - Dividend Comparison
AVUV's dividend yield for the trailing twelve months is around 1.61%, while CGL-C.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
CGL-C.TO iShares Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVUV and CGL-C.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVUV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.55% for CGL-C.TO.
AVUV is categorized as Small Cap Value Equities, while CGL-C.TO is Gold. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVUV and 0.55% for CGL-C.TO.
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