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

CGL-C.TO vs. VDY.TO

Last updated Jun 5, 2026

CGL-C.TO (iShares Gold Bullion ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - CGL-C.TO is a Precious Metals fund tracking the Gold, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. CGL-C.TO charges 0.55%/yr vs 0.22%/yr for VDY.TO.

Performance

CGL-C.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CGL-C.TO achieves a 4.95% return, which is significantly lower than VDY.TO's 21.16% return.

CGL-C.TO

1D
0.54%
1M
-2.88%
YTD
4.95%
6M
6.74%
1Y
34.64%
3Y*
32.37%
5Y*
21.43%
10Y*
13.90%

VDY.TO

1D
-0.68%
1M
4.42%
YTD
21.16%
6M
21.53%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
CGL-C.TO
iShares Gold Bullion ETF		4.95%29.73%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		21.16%21.33%

Correlation

The correlation between CGL-C.TO and VDY.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 9, 2025

0.14

Compare stocks, funds, or ETFs

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iShares Gold Bullion ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

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. ABX.TOCGL-C.TO vs. XMD.TO
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

CGL-C.TO vs. VDY.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: 3737
Overall Rank
CGL-C.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
CGL-C.TO Sortino Ratio Rank: 3434
Sortino Ratio Rank
CGL-C.TO Omega Ratio Rank: 4141
Omega Ratio Rank
CGL-C.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
CGL-C.TO Martin Ratio Rank: 3232
Martin Ratio Rank
VDY.TO
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. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CGL-C.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.TOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
1.34

—

—

Sortino ratioReturn per unit of downside risk
1.76

—

—

Omega ratioGain probability vs. loss probability

1.27

—

—

Calmar ratioReturn relative to maximum drawdown

1.95

—

—

Martin ratioReturn relative to average drawdown

4.76

—

—

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. VDY.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CGL-C.TOVDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.27

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

5.72

-5.12

Drawdowns

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

The maximum CGL-C.TO drawdown since its inception was -33.04%, which is greater than VDY.TO's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and VDY.TO.

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Drawdown Indicators

CGL-C.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.04%

-3.12%

-29.92%

Max Drawdown (1Y)

Largest decline over 1 year

-17.37%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.37%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-22.78%

—

—

Current Drawdown

Current decline from peak

-14.88%

-0.68%

-14.20%

Average Drawdown

Average peak-to-trough decline

-12.24%

-0.43%

-11.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.12%

—

—

Volatility

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

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Volatility by Period

CGL-C.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

21.55%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

25.34%

8.31%

+17.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.97%

8.31%

+8.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

8.31%

+7.25%

CGL-C.TO vs. VDY.TO - Expense Ratio Comparison

CGL-C.TO has a 0.55% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

Dividends

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

CGL-C.TO has not paid dividends to shareholders, while VDY.TO's dividend yield for the trailing twelve months is around 2.89%.

PositionTTM20252024202320222021202020192018201720162015
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%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.89%3.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CGL-C.TO and VDY.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.55% for CGL-C.TO.

CGL-C.TO is categorized as Precious Metals, while VDY.TO is Dividend. CGL-C.TO tracks Gold, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for CGL-C.TO and 0.22% for VDY.TO.

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