CGL.TO vs. BRK-B
CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, CGL.TO returned 10.99%/yr vs 14.20%/yr for BRK-B. At a correlation of -0.04, they often move in opposite directions.
Performance
CGL.TO vs. BRK-B - Performance Comparison
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Different Trading Currencies
CGL.TO is traded in CAD, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CGL.TO achieves a -3.19% return, which is significantly lower than BRK-B's -0.69% return. Over the past 10 years, CGL.TO has underperformed BRK-B with an annualized return of 10.99%, while BRK-B has yielded a comparatively higher 14.20% annualized return.
CGL.TO
- 1D
- 0.25%
- 1M
- -9.62%
- YTD
- -3.19%
- 6M
- -3.25%
- 1Y
- 19.93%
- 3Y*
- 27.16%
- 5Y*
- 15.73%
- 10Y*
- 10.99%
BRK-B
- 1D
- 0.90%
- 1M
- 3.19%
- YTD
- -0.69%
- 6M
- -0.66%
- 1Y
- 3.13%
- 3Y*
- 15.00%
- 5Y*
- 14.53%
- 10Y*
- 14.20%
CGL.TO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -3.19% | 60.08% | 25.70% | 11.26% | -1.07% | -4.58% | 23.41% | 16.58% | -3.19% | 11.68% |
BRK-B Berkshire Hathaway Inc. | -0.69% | 5.83% | 37.85% | 12.71% | 9.86% | 28.89% | -0.06% | 6.36% | 11.67% | 13.39% |
Correlation
The correlation between CGL.TO and BRK-B is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2010 | -0.04 |
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Return for Risk
CGL.TO vs. BRK-B — Risk / Return Rank
CGL.TO
BRK-B
CGL.TO vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and Berkshire Hathaway Inc. (BRK-B). 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.TO | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.17 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.49 | 0.36 | +2.14 |
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Drawdowns
CGL.TO vs. BRK-B - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -45.96%, which is greater than BRK-B's maximum drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for CGL.TO and BRK-B.
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Drawdown Indicators
| CGL.TO | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -41.13% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.93% | -12.05% | -12.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.93% | -17.69% | -7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -23.03% | -1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -24.93% | -23.14% | -1.79% |
Current DrawdownCurrent decline from peak | -22.50% | -11.05% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -9.95% | -10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 5.68% | +2.98% |
Volatility
CGL.TO vs. BRK-B - Volatility Comparison
iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a higher volatility of 7.67% compared to Berkshire Hathaway Inc. (BRK-B) at 4.35%. This indicates that CGL.TO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGL.TO | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 4.35% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 11.47% | +12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 15.33% | +12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 18.07% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 20.44% | -3.91% |
Dividends
CGL.TO vs. BRK-B - Dividend Comparison
Neither CGL.TO nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
CGL.TO and BRK-B have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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