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CGL-C.TO vs. ABX.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CGL-C.TO vs. ABX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Gold Bullion ETF (CGL-C.TO) and Barrick Gold Corporation (ABX.TO).

CGL-C.TO is a passively managed fund by iShares that tracks the performance of the Gold. It was launched on Mar 31, 2011.

Performance

CGL-C.TO vs. ABX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Gold Bullion ETF (CGL-C.TO) and Barrick Gold Corporation (ABX.TO). The values are adjusted to include any dividend payments, if applicable.

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CGL-C.TO vs. ABX.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CGL-C.TO
iShares Gold Bullion ETF		10.00%55.55%37.41%10.13%6.11%-4.85%21.75%11.98%6.86%4.31%
ABX.TO
Barrick Gold Corporation		-4.12%173.90%-4.69%5.66%0.12%-13.90%21.80%32.27%2.91%-14.68%

Returns By Period

In the year-to-date period, CGL-C.TO achieves a 10.00% return, which is significantly higher than ABX.TO's -4.12% return. Both investments have delivered pretty close results over the past 10 years, with CGL-C.TO having a 14.43% annualized return and ABX.TO not far ahead at 14.62%.

CGL-C.TO

1D
3.62%
1M
-9.28%
YTD
10.00%
6M
20.69%
1Y
43.80%
3Y*
33.85%
5Y*
23.89%
10Y*
14.43%

ABX.TO

1D
6.26%
1M
-17.86%
YTD
-4.12%
6M
25.96%
1Y
108.34%
3Y*
34.47%
5Y*
20.81%
10Y*
14.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares Gold Bullion ETF

Barrick Gold Corporation

Often compared with CGL-C.TO:
CGL-C.TO vs. CGL.TOCGL-C.TO vs. MNT.TOCGL-C.TO vs. GLDCGL-C.TO vs. PHYS.TOCGL-C.TO vs. ZGLD.TOCGL-C.TO vs. XMD.TOCGL-C.TO vs. HUG.TO
Often compared with ABX.TO:
ABX.TO vs. GOLDABX.TO vs. AEM.TOABX.TO vs. AGI.TOABX.TO vs. PHYS.TOABX.TO vs. GDXABX.TO vs. BMOABX.TO vs. GWO.TO

Return for Risk

CGL-C.TO vs. ABX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGL-C.TO
CGL-C.TO Risk / Return Rank: 8585
Overall Rank
CGL-C.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CGL-C.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
CGL-C.TO Omega Ratio Rank: 8484
Omega Ratio Rank
CGL-C.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
CGL-C.TO Martin Ratio Rank: 8585
Martin Ratio Rank
ABX.TO
ABX.TO Risk / Return Rank: 9292
Overall Rank
ABX.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ABX.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
ABX.TO Omega Ratio Rank: 9191
Omega Ratio Rank
ABX.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
ABX.TO Martin Ratio Rank: 9494
Martin Ratio Rank
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.

CGL-C.TO vs. ABX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CGL-C.TO) and Barrick Gold Corporation (ABX.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.

CGL-C.TOABX.TODifference

Sharpe ratio

Return per unit of total volatility

1.68

2.52

-0.84

Sortino ratio

Return per unit of downside risk

2.14

2.77

-0.63

Omega ratio

Gain probability vs. loss probability

1.32

1.40

-0.08

Calmar ratio

Return relative to maximum drawdown

2.69

3.95

-1.26

Martin ratio

Return relative to average drawdown

9.29

14.27

-4.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGL-C.TO vs. ABX.TO - Sharpe Ratio Comparison

The current CGL-C.TO Sharpe Ratio is 1.68, which is lower than the ABX.TO Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of CGL-C.TO and ABX.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CGL-C.TOABX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

2.52

-0.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.44

0.62

+0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.41

+0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.30

+0.33

Correlation

The correlation between CGL-C.TO and ABX.TO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGL-C.TO vs. ABX.TO - Dividend Comparison

CGL-C.TO has not paid dividends to shareholders, while ABX.TO's dividend yield for the trailing twelve months is around 2.05%.

TTM20252024202320222021202020192018201720162015
CGL-C.TO
iShares Gold Bullion ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ABX.TO
Barrick Gold Corporation		2.05%1.23%2.45%2.27%3.64%4.06%1.42%0.92%1.36%1.02%0.59%1.93%

Drawdowns

CGL-C.TO vs. ABX.TO - Drawdown Comparison

The maximum CGL-C.TO drawdown since its inception was -33.04%, smaller than the maximum ABX.TO drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and ABX.TO.

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Drawdown Indicators

CGL-C.TOABX.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.04%

-84.49%

+51.45%

Max Drawdown (1Y)

Largest decline over 1 year

-17.37%

-28.49%

+11.12%

Max Drawdown (5Y)

Largest decline over 5 years

-17.55%

-43.76%

+26.21%

Max Drawdown (10Y)

Largest decline over 10 years

-22.78%

-56.55%

+33.77%

Current Drawdown

Current decline from peak

-10.79%

-20.22%

+9.43%

Average Drawdown

Average peak-to-trough decline

-12.23%

-31.46%

+19.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.03%

7.89%

-2.86%

Volatility

CGL-C.TO vs. ABX.TO - Volatility Comparison

The current volatility for iShares Gold Bullion ETF (CGL-C.TO) is 10.97%, while Barrick Gold Corporation (ABX.TO) has a volatility of 15.86%. This indicates that CGL-C.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGL-C.TOABX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.97%

15.86%

-4.89%

Volatility (6M)

Calculated over the trailing 6-month period

23.21%

34.38%

-11.17%

Volatility (1Y)

Calculated over the trailing 1-year period

26.21%

43.25%

-17.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.73%

33.75%

-17.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.49%

36.22%

-20.73%