CGL.TO vs. NFLX
CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion, while NFLX (Netflix, Inc.) is a stock. Over the past 10 years, CGL.TO returned 10.99%/yr vs 24.98%/yr for NFLX. At a 0.01 correlation, their price movements are largely independent.
Performance
CGL.TO vs. NFLX - Performance Comparison
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Different Trading Currencies
CGL.TO is traded in CAD, while NFLX is traded in USD. To make them comparable, the NFLX 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 NFLX's -12.58% return. Over the past 10 years, CGL.TO has underperformed NFLX with an annualized return of 10.99%, while NFLX has yielded a comparatively higher 24.98% 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%
NFLX
- 1D
- -0.96%
- 1M
- -5.79%
- YTD
- -12.58%
- 6M
- -14.40%
- 1Y
- -31.89%
- 3Y*
- 24.46%
- 5Y*
- 13.69%
- 10Y*
- 24.98%
CGL.TO vs. NFLX - 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% |
NFLX Netflix, Inc. | -12.58% | 0.39% | 98.57% | 61.18% | -47.95% | 11.36% | 63.15% | 15.91% | 51.16% | 44.56% |
Correlation
The correlation between CGL.TO and NFLX is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
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 Oct 4, 2010 | 0.01 |
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Return for Risk
CGL.TO vs. NFLX — Risk / Return Rank
CGL.TO
NFLX
CGL.TO vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and Netflix, Inc. (NFLX). 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 | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.83 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.74 | +1.61 |
| Martin ratioReturn relative to average drawdown | 2.49 | -1.31 | +3.80 |
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Drawdowns
CGL.TO vs. NFLX - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -45.96%, smaller than the maximum NFLX drawdown of -81.76%. Use the drawdown chart below to compare losses from any high point for CGL.TO and NFLX.
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Drawdown Indicators
| CGL.TO | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -81.76% | +35.80% |
Max Drawdown (1Y)Largest decline over 1 year | -24.93% | -43.79% | +18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -24.93% | -43.79% | +18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -75.15% | +50.22% |
Max Drawdown (10Y)Largest decline over 10 years | -24.93% | -75.15% | +50.22% |
Current DrawdownCurrent decline from peak | -22.50% | -38.73% | +16.23% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -26.28% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.66% | 24.73% | -16.07% |
Volatility
CGL.TO vs. NFLX - Volatility Comparison
iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a higher volatility of 7.67% compared to Netflix, Inc. (NFLX) at 5.91%. This indicates that CGL.TO's price experiences larger fluctuations and is considered to be riskier than NFLX 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 | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 5.91% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 24.68% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 33.23% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 43.68% | -25.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 42.01% | -25.48% |
Dividends
CGL.TO vs. NFLX - Dividend Comparison
Neither CGL.TO nor NFLX has paid dividends to shareholders.
Frequently Asked Questions
CGL.TO and NFLX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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