CGL.TO vs. GSG
Compare and contrast key facts about iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and iShares S&P GSCI Commodity-Indexed Trust (GSG).
CGL.TO and GSG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGL.TO is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on May 28, 2009. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. Both CGL.TO and GSG 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.TO or GSG.
Key characteristics
| CGL.TO | GSG | |
|---|---|---|
| YTD Return | 13.15% | 13.01% |
| 1Y Return | 16.25% | 15.49% |
| 3Y Return (Ann) | 8.35% | 14.93% |
| 5Y Return (Ann) | 11.49% | 7.07% |
| 10Y Return (Ann) | 4.98% | -3.72% |
| Sharpe Ratio | 1.31 | 0.90 |
| Daily Std Dev | 12.50% | 17.36% |
| Max Drawdown | -45.96% | -89.62% |
| Current Drawdown | -2.35% | -69.97% |
Correlation
The correlation between CGL.TO and GSG is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CGL.TO vs. GSG - Performance Comparison
The year-to-date returns for both stocks are quite close, with CGL.TO having a 13.15% return and GSG slightly lower at 13.01%. Over the past 10 years, CGL.TO has outperformed GSG with an annualized return of 4.98%, while GSG has yielded a comparatively lower -3.72% 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.TO vs. GSG - Expense Ratio Comparison
CGL.TO has a 0.55% expense ratio, which is lower than GSG's 0.75% expense ratio.
Risk-Adjusted Performance
CGL.TO vs. GSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.TO vs. GSG - Dividend Comparison
Neither CGL.TO nor GSG has paid dividends to shareholders.
Drawdowns
CGL.TO vs. GSG - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -45.96%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for CGL.TO and GSG. For additional features, visit the drawdowns tool.
Volatility
CGL.TO vs. GSG - Volatility Comparison
iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a higher volatility of 5.47% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 3.06%. This indicates that CGL.TO's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.