CGL.TO vs. META
CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion, while META (Meta Platforms, Inc.) is a stock. Over the past 10 years, CGL.TO returned 10.99%/yr vs 18.40%/yr for META. At a 0.01 correlation, their price movements are largely independent.
Performance
CGL.TO vs. META - Performance Comparison
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Different Trading Currencies
CGL.TO is traded in CAD, while META is traded in USD. To make them comparable, the META 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 higher than META's -12.29% return. Over the past 10 years, CGL.TO has underperformed META with an annualized return of 10.99%, while META has yielded a comparatively higher 18.40% 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%
META
- 1D
- -0.07%
- 1M
- -6.53%
- YTD
- -12.29%
- 6M
- -10.59%
- 1Y
- -14.41%
- 3Y*
- 30.10%
- 5Y*
- 14.79%
- 10Y*
- 18.40%
CGL.TO vs. META - 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% |
META Meta Platforms, Inc. | -12.29% | 7.93% | 80.11% | 187.14% | -61.95% | 23.07% | 29.93% | 50.12% | -19.47% | 42.99% |
Correlation
The correlation between CGL.TO and META is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.01 |
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Return for Risk
CGL.TO vs. META — Risk / Return Rank
CGL.TO
META
CGL.TO vs. META - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and Meta Platforms, Inc. (META). 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 | META | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.49 | +1.36 |
| Martin ratioReturn relative to average drawdown | 2.49 | -1.02 | +3.51 |
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Drawdowns
CGL.TO vs. META - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -45.96%, smaller than the maximum META drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for CGL.TO and META.
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Drawdown Indicators
| CGL.TO | META | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -74.70% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -24.93% | -32.92% | +7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.93% | -33.74% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -74.70% | +49.77% |
Max Drawdown (10Y)Largest decline over 10 years | -24.93% | -74.70% | +49.77% |
Current DrawdownCurrent decline from peak | -22.50% | -27.02% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -15.46% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 15.88% | -7.22% |
Volatility
CGL.TO vs. META - Volatility Comparison
The current volatility for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) is 7.67%, while Meta Platforms, Inc. (META) has a volatility of 10.22%. This indicates that CGL.TO experiences smaller price fluctuations and is considered to be less risky than META 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 | META | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 10.22% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 26.49% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 35.28% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 44.33% | -25.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 39.18% | -22.65% |
Dividends
CGL.TO vs. META - Dividend Comparison
CGL.TO has not paid dividends to shareholders, while META's dividend yield for the trailing twelve months is around 0.37%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.37% | 0.32% | 0.34% |
Frequently Asked Questions
CGL.TO and META have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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