BGU.TO vs. BGC.TO
BGU.TO (Bristol Gate Concentrated US Equity ETF) and BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) are both exchange-traded funds - BGU.TO is a Large Cap Blend Equities fund actively managed by Bristol Gate, while BGC.TO is a Canada Equities fund actively managed by Bristol Gate. Both are actively managed. Over the past 5 years, BGU.TO returned 9.27%/yr vs 8.03%/yr for BGC.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
BGU.TO vs. BGC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGU.TO achieves a 7.16% return, which is significantly higher than BGC.TO's 2.35% return.
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
- 1D
- 0.10%
- 1M
- 3.29%
- 6M
- 2.16%
- YTD
- 2.35%
- 1Y
- 6.21%
- 3Y*
- 10.26%
- 5Y*
- 8.03%
- 10Y*
- —
BGU.TO vs. BGC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between BGU.TO and BGC.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 BGU.TO and BGC.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
BGU.TO vs. BGC.TO — Risk / Return Rank
BGU.TO
BGC.TO
BGU.TO vs. BGC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated US Equity ETF (BGU.TO) and Bristol Gate Concentrated Canadian Equity ETF (BGC.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.
| BGU.TO | BGC.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 | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.70 | +0.40 |
| Martin ratioReturn relative to average drawdown | 3.07 | 1.87 | +1.20 |
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Drawdowns
BGU.TO vs. BGC.TO - Drawdown Comparison
The maximum BGU.TO drawdown since its inception was -31.66%, smaller than the maximum BGC.TO drawdown of -36.73%. Use the drawdown chart below to compare losses from any high point for BGU.TO and BGC.TO.
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Drawdown Indicators
| BGU.TO | BGC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -36.73% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -8.62% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -14.09% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -14.14% | -11.32% |
Current DrawdownCurrent decline from peak | -2.10% | -0.52% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.12% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.23% | +0.75% |
Volatility
BGU.TO vs. BGC.TO - Volatility Comparison
Bristol Gate Concentrated US Equity ETF (BGU.TO) has a higher volatility of 3.40% compared to Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) at 2.91%. This indicates that BGU.TO's price experiences larger fluctuations and is considered to be riskier than BGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGU.TO | BGC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.91% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 9.12% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 12.12% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 13.09% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 15.97% | +2.38% |
Dividends
BGU.TO vs. BGC.TO - Dividend Comparison
Neither BGU.TO nor BGC.TO has paid dividends to shareholders.
Frequently Asked Questions
BGU.TO and BGC.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.
BGU.TO is categorized as Large Cap Blend Equities, while BGC.TO is Canada Equities.
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