BGC.TO vs. BGU.TO
BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) and BGU.TO (Bristol Gate Concentrated US Equity ETF) are both exchange-traded funds - BGC.TO is a Canada Equities fund actively managed by Bristol Gate, while BGU.TO is a Large Cap Blend Equities fund actively managed by Bristol Gate. Both are actively managed. Over the past 5 years, BGC.TO returned 8.03%/yr vs 9.27%/yr for BGU.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
BGC.TO vs. BGU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGC.TO achieves a 2.35% return, which is significantly lower than BGU.TO's 7.16% return.
BGC.TO
- 1D
- 0.10%
- 1M
- 3.29%
- 6M
- 2.16%
- YTD
- 2.35%
- 1Y
- 6.21%
- 3Y*
- 10.26%
- 5Y*
- 8.03%
- 10Y*
- —
BGU.TO
- 1D
- -0.54%
- 1M
- 0.99%
- 6M
- 3.59%
- YTD
- 7.16%
- 1Y
- 12.19%
- 3Y*
- 13.49%
- 5Y*
- 9.27%
- 10Y*
- —
BGC.TO vs. BGU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 2.35% | 8.06% | 13.80% | 17.67% | -5.52% | 18.08% | 0.70% | 29.04% | -10.58% |
BGU.TO Bristol Gate Concentrated US Equity ETF | 7.16% | 4.62% | 18.85% | 20.28% | -13.23% | 30.22% | 8.27% | 30.25% | 2.31% |
Correlation
The correlation between BGC.TO and BGU.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.37 |
The correlation between BGC.TO and BGU.TO shifts across timeframes, from 0.20 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGC.TO vs. BGU.TO — Risk / Return Rank
BGC.TO
BGU.TO
BGC.TO vs. BGU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and Bristol Gate Concentrated US Equity ETF (BGU.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.
| BGC.TO | BGU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.10 | -0.40 |
| Martin ratioReturn relative to average drawdown | 1.87 | 3.07 | -1.20 |
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Drawdowns
BGC.TO vs. BGU.TO - Drawdown Comparison
The maximum BGC.TO drawdown since its inception was -36.73%, which is greater than BGU.TO's maximum drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for BGC.TO and BGU.TO.
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Drawdown Indicators
| BGC.TO | BGU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.73% | -31.66% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -11.12% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -17.03% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -25.46% | +11.32% |
Current DrawdownCurrent decline from peak | -0.52% | -2.10% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.24% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.98% | -0.75% |
Volatility
BGC.TO vs. BGU.TO - Volatility Comparison
The current volatility for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) is 2.91%, while Bristol Gate Concentrated US Equity ETF (BGU.TO) has a volatility of 3.40%. This indicates that BGC.TO experiences smaller price fluctuations and is considered to be less risky than BGU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGC.TO | BGU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.40% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 10.45% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 13.09% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 16.01% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 18.35% | -2.38% |
Dividends
BGC.TO vs. BGU.TO - Dividend Comparison
Neither BGC.TO nor BGU.TO has paid dividends to shareholders.
Frequently Asked Questions
BGC.TO and BGU.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGC.TO is categorized as Canada Equities, while BGU.TO is Large Cap Blend Equities.
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