CGL-C.TO vs. VIU.TO
CGL-C.TO (iShares Gold Bullion ETF) and VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) are both exchange-traded funds - CGL-C.TO is a Gold fund tracking the LBMA Gold Price (CAD), while VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index. Both are passively managed. Over the past 10 years, CGL-C.TO returned 12.86%/yr vs 11.21%/yr for VIU.TO. At a 0.02 correlation, their price movements are largely independent. CGL-C.TO charges 0.55%/yr vs 0.23%/yr for VIU.TO.
Performance
CGL-C.TO vs. VIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGL-C.TO achieves a -0.61% return, which is significantly lower than VIU.TO's 17.39% return. Over the past 10 years, CGL-C.TO has outperformed VIU.TO with an annualized return of 12.86%, while VIU.TO has yielded a comparatively lower 11.21% annualized 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%
VIU.TO
- 1D
- 0.58%
- 1M
- 3.39%
- YTD
- 17.39%
- 6M
- 19.18%
- 1Y
- 34.91%
- 3Y*
- 20.42%
- 5Y*
- 12.03%
- 10Y*
- 11.21%
CGL-C.TO vs. VIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGL-C.TO iShares Gold Bullion ETF | -0.61% | 55.55% | 37.41% | 10.13% | 6.11% | -4.85% | 21.75% | 11.98% | 6.86% | 4.31% |
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 17.39% | 28.36% | 10.73% | 15.67% | -10.63% | 9.76% | 7.57% | 15.31% | -7.37% | 19.23% |
Correlation
The correlation between CGL-C.TO and VIU.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2015 | 0.02 |
Over the past year, CGL-C.TO and VIU.TO have become more correlated (0.29) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
CGL-C.TO vs. VIU.TO — Risk / Return Rank
CGL-C.TO
VIU.TO
CGL-C.TO vs. VIU.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 Developed All Cap ex North America Index ETF (VIU.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.
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 | VIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.82 | -1.60 |
| Martin ratioReturn relative to average drawdown | 3.49 | 11.26 | -7.77 |
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Drawdowns
CGL-C.TO vs. VIU.TO - Drawdown Comparison
The maximum CGL-C.TO drawdown since its inception was -30.01%, roughly equal to the maximum VIU.TO drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for CGL-C.TO and VIU.TO.
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Drawdown Indicators
| CGL-C.TO | VIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.01% | -29.15% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -22.11% | -11.74% | -10.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.11% | -14.26% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.11% | -25.34% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.78% | -29.15% | +6.37% |
Current DrawdownCurrent decline from peak | -19.39% | 0.00% | -19.39% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -5.32% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 2.94% | +4.77% |
Volatility
CGL-C.TO vs. VIU.TO - Volatility Comparison
iShares Gold Bullion ETF (CGL-C.TO) has a higher volatility of 7.53% compared to Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) at 6.89%. This indicates that CGL-C.TO's price experiences larger fluctuations and is considered to be riskier than VIU.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 | VIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.89% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 22.46% | 14.19% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 16.29% | +9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 14.11% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 15.19% | +0.46% |
CGL-C.TO vs. VIU.TO - Expense Ratio Comparison
CGL-C.TO has a 0.55% expense ratio, which is higher than VIU.TO's 0.23% expense ratio.
Dividends
CGL-C.TO vs. VIU.TO - Dividend Comparison
CGL-C.TO has not paid dividends to shareholders, while VIU.TO's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 2.15% | 2.48% | 2.56% | 2.66% | 2.76% | 2.38% | 1.98% | 2.68% | 2.76% | 2.13% | 1.72% | 0.28% |
Frequently Asked Questions
CGL-C.TO and VIU.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.55% for CGL-C.TO.
CGL-C.TO is categorized as Gold, while VIU.TO is International Equity. CGL-C.TO tracks LBMA Gold Price (CAD), while VIU.TO tracks FTSE Developed All Cap ex North America Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for CGL-C.TO and 0.23% for VIU.TO.
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