CGL-C.TO vs. GLD
Compare and contrast key facts about iShares Gold Bullion ETF (CGL-C.TO) and SPDR Gold Trust (GLD).
CGL-C.TO and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGL-C.TO is a passively managed fund by iShares that tracks the performance of the Gold. It was launched on Mar 31, 2011. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both CGL-C.TO and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGL-C.TO or GLD.
Key characteristics
| CGL-C.TO | GLD | |
|---|---|---|
| YTD Return | 20.26% | 17.00% |
| 1Y Return | 24.01% | 23.00% |
| 3Y Return (Ann) | 12.93% | 8.53% |
| 5Y Return (Ann) | 13.26% | 13.15% |
| 10Y Return (Ann) | 8.37% | 6.03% |
| Sharpe Ratio | 1.97 | 1.72 |
| Daily Std Dev | 11.46% | 12.47% |
| Max Drawdown | -33.04% | -45.56% |
| Current Drawdown | -0.46% | 0.00% |
Correlation
The correlation between CGL-C.TO and GLD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CGL-C.TO vs. GLD - Performance Comparison
In the year-to-date period, CGL-C.TO achieves a 20.26% return, which is significantly higher than GLD's 17.00% return. Over the past 10 years, CGL-C.TO has outperformed GLD with an annualized return of 8.37%, while GLD has yielded a comparatively lower 6.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGL-C.TO vs. GLD - Expense Ratio Comparison
CGL-C.TO has a 0.55% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
CGL-C.TO vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CGL-C.TO) and SPDR Gold Trust (GLD). 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.
Dividends
CGL-C.TO vs. GLD - Dividend Comparison
Neither CGL-C.TO nor GLD has paid dividends to shareholders.
Drawdowns
CGL-C.TO vs. GLD - Drawdown Comparison
The maximum CGL-C.TO drawdown since its inception was -33.04%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and GLD. For additional features, visit the drawdowns tool.
Volatility
CGL-C.TO vs. GLD - Volatility Comparison
iShares Gold Bullion ETF (CGL-C.TO) and SPDR Gold Trust (GLD) have volatilities of 4.91% and 4.89%, 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.