CGI.TO vs. VCN.TO

Last updated Jun 5, 2026

CGI.TO (Canadian General Investments, Limited) is a stock, while VCN.TO (Vanguard FTSE Canada All Cap Index ETF) is Canada Equities fund tracking the FTSE Canada All Cap Domestic Index. Over the past 10 years, CGI.TO returned 14.83%/yr vs 12.51%/yr for VCN.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

CGI.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian General Investments, Limited (CGI.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGI.TO achieves a 13.34% return, which is significantly higher than VCN.TO's 11.80% return. Over the past 10 years, CGI.TO has outperformed VCN.TO with an annualized return of 14.83%, while VCN.TO has yielded a comparatively lower 12.51% annualized return.

CGI.TO

• 1D: 0.21%
• 1M: 4.49%
• YTD: 13.34%
• 6M: 16.50%
• 1Y: 41.92%
• 3Y*: 18.53%
• 5Y*: 10.61%
• 10Y*: 14.83%

VCN.TO

• 1D: 1.20%
• 1M: 5.07%
• YTD: 11.80%
• 6M: 12.19%
• 1Y: 35.18%
• 3Y*: 24.11%
• 5Y*: 15.12%
• 10Y*: 12.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGI.TO vs. VCN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGI.TO Canadian General Investments, Limited	13.34%	19.86%	19.65%	9.56%	-24.07%	29.40%	37.02%	32.11%	-10.78%	26.34%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	11.80%	30.20%	22.14%	12.26%	-5.78%	25.63%	4.81%	22.06%	-9.11%	8.44%

Correlation

The correlation between CGI.TO and VCN.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 14, 2013	0.43

The correlation between CGI.TO and VCN.TO shifts across timeframes, from 0.38 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CGI.TO vs. VCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGI.TO

CGI.TO Risk / Return Rank: 90
CGI.TO Sharpe Ratio Rank: 90
CGI.TO Sortino Ratio Rank: 89
CGI.TO Omega Ratio Rank: 90
CGI.TO Calmar Ratio Rank: 89
CGI.TO Martin Ratio Rank: 90

VCN.TO

VCN.TO Risk / Return Rank: 83
VCN.TO Sharpe Ratio Rank: 86
VCN.TO Sortino Ratio Rank: 82
VCN.TO Omega Ratio Rank: 84
VCN.TO Calmar Ratio Rank: 78
VCN.TO Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGI.TO vs. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian General Investments, Limited (CGI.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.

	CGI.TO	VCN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.80	-0.52
Sortino ratio: Return per unit of downside risk	3.09	3.62	-0.53
Omega ratio: Gain probability vs. loss probability	1.44	1.51	-0.07
Calmar ratio: Return relative to maximum drawdown	4.17	3.88	+0.29
Martin ratio: Return relative to average drawdown	11.82	18.13	-6.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGI.TO vs. VCN.TO - Sharpe Ratio Comparison

The current CGI.TO Sharpe Ratio is 2.29, which is comparable to the VCN.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of CGI.TO and VCN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGI.TO	VCN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.80	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	1.17	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.84	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.78	-0.43

Drawdowns

CGI.TO vs. VCN.TO - Drawdown Comparison

The maximum CGI.TO drawdown since its inception was -72.10%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for CGI.TO and VCN.TO.

Drawdown Indicators

	CGI.TO	VCN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.10%	-37.32%	-34.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-9.11%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-25.75%	-12.24%	-13.51%
Max Drawdown (5Y) Largest decline over 5 years	-34.33%	-16.12%	-18.21%
Max Drawdown (10Y) Largest decline over 10 years	-39.49%	-37.32%	-2.17%
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-20.35%	-3.90%	-16.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	1.95%	+1.61%

Volatility

CGI.TO vs. VCN.TO - Volatility Comparison

Canadian General Investments, Limited (CGI.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO) have volatilities of 3.37% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGI.TO	VCN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.54%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	10.32%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	12.62%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.20%	13.04%	+7.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	14.98%	+5.60%

Dividends

CGI.TO vs. VCN.TO - Dividend Comparison

CGI.TO's dividend yield for the trailing twelve months is around 2.19%, more than VCN.TO's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGI.TO Canadian General Investments, Limited	2.19%	2.29%	2.47%	2.76%	2.82%	2.00%	2.41%	3.05%	3.71%	3.20%	3.91%	4.05%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	1.98%	2.27%	2.69%	2.99%	3.15%	2.48%	2.70%	2.85%	2.80%	2.29%	2.34%	2.65%

Frequently Asked Questions

Can I hold both CGI.TO and VCN.TO in my portfolio?

CGI.TO and VCN.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.