CGL.TO vs. RGPM.NEO
CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) and RGPM.NEO (RBC Global Precious Metals Fund) are both Precious Metals funds. CGL.TO is passively managed, while RGPM.NEO is actively managed. Over the past 3 years, CGL.TO returned 29.31%/yr vs 45.22%/yr for RGPM.NEO. A 0.52 correlation means they provide meaningful diversification when combined. CGL.TO charges 0.55%/yr vs 1.02%/yr for RGPM.NEO.
Performance
CGL.TO vs. RGPM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CGL.TO achieves a 2.15% return, which is significantly higher than RGPM.NEO's 1.34% return.
CGL.TO
- 1D
- -0.83%
- 1M
- -1.87%
- YTD
- 2.15%
- 6M
- 4.29%
- 1Y
- 29.45%
- 3Y*
- 29.31%
- 5Y*
- 16.83%
- 10Y*
- 11.98%
RGPM.NEO
- 1D
- -2.71%
- 1M
- 0.98%
- YTD
- 1.34%
- 6M
- 8.72%
- 1Y
- 60.56%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
CGL.TO vs. RGPM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 2.15% | 60.12% | 25.67% | 10.22% |
RGPM.NEO RBC Global Precious Metals Fund | 1.34% | 143.89% | 36.75% | -3.95% |
Correlation
The correlation between CGL.TO and RGPM.NEO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.52 |
Over the past year, CGL.TO and RGPM.NEO have become more correlated (0.75) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
CGL.TO vs. RGPM.NEO — Risk / Return Rank
CGL.TO
RGPM.NEO
CGL.TO vs. RGPM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and RBC Global Precious Metals Fund (RGPM.NEO). 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.
| CGL.TO | RGPM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.07 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.75 | 5.61 | -1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGL.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.42 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.34 | -0.86 |
Drawdowns
CGL.TO vs. RGPM.NEO - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -44.53%, which is greater than RGPM.NEO's maximum drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for CGL.TO and RGPM.NEO.
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Drawdown Indicators
| CGL.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.53% | -29.46% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.36% | -29.46% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -29.46% | +10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.72% | — | — |
Current DrawdownCurrent decline from peak | -18.22% | -23.85% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -8.38% | -9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 10.82% | -2.94% |
Volatility
CGL.TO vs. RGPM.NEO - Volatility Comparison
The current volatility for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) is 5.60%, while RBC Global Precious Metals Fund (RGPM.NEO) has a volatility of 16.07%. This indicates that CGL.TO experiences smaller price fluctuations and is considered to be less risky than RGPM.NEO 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 | RGPM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 16.07% | -10.47% |
Volatility (6M)Calculated over the trailing 6-month period | 23.18% | 35.62% | -12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.89% | 42.98% | -16.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 32.73% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 32.73% | -16.32% |
CGL.TO vs. RGPM.NEO - Expense Ratio Comparison
CGL.TO has a 0.55% expense ratio, which is lower than RGPM.NEO's 1.02% expense ratio.
Dividends
CGL.TO vs. RGPM.NEO - Dividend Comparison
Neither CGL.TO nor RGPM.NEO has paid dividends to shareholders.
Frequently Asked Questions
CGL.TO and RGPM.NEO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGL.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGL.TO is cheaper with a 0.55% expense ratio, compared with 1.02% for RGPM.NEO.
They also come from different issuers: iShares and RBC Global Asset Management.. Their fees differ too: 0.55% for CGL.TO and 1.02% for RGPM.NEO.
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