CGL-C.TO vs. AVUV
CGL-C.TO (iShares Gold Bullion ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - CGL-C.TO is a Gold fund tracking the LBMA Gold Price (CAD), while AVUV is a Small Cap Value Equities fund actively managed by Avantis. CGL-C.TO is passively managed, while AVUV is actively managed. Over the past 5 years, CGL-C.TO returned 20.15%/yr vs 14.84%/yr for AVUV. At a correlation of -0.11, they often move in opposite directions. CGL-C.TO charges 0.55%/yr vs 0.25%/yr for AVUV.
Performance
CGL-C.TO vs. AVUV - Performance Comparison
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Different Trading Currencies
CGL-C.TO is traded in CAD, while AVUV is traded in USD. To make them comparable, the AVUV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CGL-C.TO achieves a -0.61% return, which is significantly lower than AVUV's 25.22% return.
CGL-C.TO
- 1D
- 0.29%
- 1M
- -7.80%
- YTD
- -0.61%
- 6M
- -0.87%
- 1Y
- 25.43%
- 3Y*
- 30.79%
- 5Y*
- 20.15%
- 10Y*
- 12.86%
AVUV
- 1D
- 1.14%
- 1M
- 7.16%
- YTD
- 25.22%
- 6M
- 21.21%
- 1Y
- 46.05%
- 3Y*
- 21.03%
- 5Y*
- 14.84%
- 10Y*
- —
CGL-C.TO vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CGL-C.TO iShares Gold Bullion ETF | -0.61% | 55.55% | 37.41% | 10.13% | 6.11% | -4.85% | 21.75% | -1.33% |
AVUV Avantis US Small Cap Value ETF | 25.22% | 2.53% | 18.54% | 19.89% | 1.12% | 42.12% | 3.91% | 6.94% |
Correlation
The correlation between CGL-C.TO and AVUV is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.11 |
The correlation between CGL-C.TO and AVUV shifts across timeframes, from -0.11 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CGL-C.TO vs. AVUV — Risk / Return Rank
CGL-C.TO
AVUV
CGL-C.TO vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CGL-C.TO) and Avantis US Small Cap Value ETF (AVUV). 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.
| CGL-C.TO | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 5.33 | -4.11 |
| Martin ratioReturn relative to average drawdown | 3.49 | 18.40 | -14.91 |
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Drawdowns
CGL-C.TO vs. AVUV - Drawdown Comparison
The maximum CGL-C.TO drawdown since its inception was -30.01%, smaller than the maximum AVUV drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and AVUV.
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Drawdown Indicators
| CGL-C.TO | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.01% | -45.21% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -22.11% | -8.15% | -13.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.11% | -27.30% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.11% | -27.30% | +5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.78% | — | — |
Current DrawdownCurrent decline from peak | -19.39% | 0.00% | -19.39% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -6.96% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 2.36% | +5.35% |
Volatility
CGL-C.TO vs. AVUV - Volatility Comparison
iShares Gold Bullion ETF (CGL-C.TO) has a higher volatility of 7.53% compared to Avantis US Small Cap Value ETF (AVUV) at 4.95%. This indicates that CGL-C.TO's price experiences larger fluctuations and is considered to be riskier than AVUV 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.TO | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 4.95% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 22.46% | 12.19% | +10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 18.34% | +7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 23.47% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 28.85% | -13.20% |
CGL-C.TO vs. AVUV - Expense Ratio Comparison
CGL-C.TO has a 0.55% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
CGL-C.TO vs. AVUV - Dividend Comparison
CGL-C.TO has not paid dividends to shareholders, while AVUV's dividend yield for the trailing twelve months is around 1.61%.
| 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
CGL-C.TO and AVUV have a correlation of 0.09, 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.
CGL-C.TO is categorized as Gold, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.55% for CGL-C.TO and 0.25% for AVUV.
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