CGL-C.TO vs. MNT.TO
Compare and contrast key facts about iShares Gold Bullion ETF (CGL-C.TO) and Royal Canadian Mint - Canadian Gold Reserves (MNT.TO).
CGL-C.TO and MNT.TO 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.
Performance
CGL-C.TO vs. MNT.TO - Performance Comparison
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CGL-C.TO vs. MNT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | 6.88% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | 13.47% | 5.87% | 5.52% |
Returns By Period
In the year-to-date period, CGL-C.TO achieves a 10.00% return, which is significantly higher than MNT.TO's 6.88% return. Both investments have delivered pretty close results over the past 10 years, with CGL-C.TO having a 14.43% annualized return and MNT.TO not far ahead at 14.79%.
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%
MNT.TO
- 1D
- 3.93%
- 1M
- -11.28%
- YTD
- 6.88%
- 6M
- 14.20%
- 1Y
- 40.58%
- 3Y*
- 35.64%
- 5Y*
- 24.73%
- 10Y*
- 14.79%
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CGL-C.TO vs. MNT.TO - Expense Ratio Comparison
Return for Risk
CGL-C.TO vs. MNT.TO — Risk / Return Rank
CGL-C.TO
MNT.TO
CGL-C.TO vs. MNT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CGL-C.TO) and Royal Canadian Mint - Canadian Gold Reserves (MNT.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.TO | MNT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.27 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.75 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.62 | +1.07 |
Martin ratioReturn relative to average drawdown | 9.29 | 5.94 | +3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGL-C.TO | MNT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.27 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 1.24 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.76 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.47 | +0.16 |
Correlation
The correlation between CGL-C.TO and MNT.TO is 0.72, 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.
Dividends
CGL-C.TO vs. MNT.TO - Dividend Comparison
Neither CGL-C.TO nor MNT.TO has paid dividends to shareholders.
Drawdowns
CGL-C.TO vs. MNT.TO - Drawdown Comparison
The maximum CGL-C.TO drawdown since its inception was -33.04%, smaller than the maximum MNT.TO drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and MNT.TO.
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Drawdown Indicators
| CGL-C.TO | MNT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.04% | -34.79% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -17.37% | -25.01% | +7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -25.01% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.78% | -33.58% | +10.80% |
Current DrawdownCurrent decline from peak | -10.79% | -14.82% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -15.65% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 6.81% | -1.78% |
Volatility
CGL-C.TO vs. MNT.TO - Volatility Comparison
The current volatility for iShares Gold Bullion ETF (CGL-C.TO) is 10.97%, while Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a volatility of 13.84%. This indicates that CGL-C.TO experiences smaller price fluctuations and is considered to be less risky than MNT.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.TO | MNT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 13.84% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 27.16% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.21% | 32.08% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 20.12% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 19.50% | -4.01% |