CGL.TO vs. VALT-U.TO
CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. CGL.TO is passively managed, while VALT-U.TO is actively managed. Over the past 5 years, CGL.TO returned 15.62%/yr vs 20.48%/yr for VALT-U.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
CGL.TO vs. VALT-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
CGL.TO is traded in CAD, while VALT-U.TO is traded in USD. To make them comparable, the VALT-U.TO 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 -7.14% return, which is significantly lower than VALT-U.TO's -2.68% return.
CGL.TO
- 1D
- 0.00%
- 1M
- -6.43%
- 6M
- -13.69%
- YTD
- -7.14%
- 1Y
- 18.94%
- 3Y*
- 25.12%
- 5Y*
- 15.62%
- 10Y*
- 10.17%
VALT-U.TO
- 1D
- 1.69%
- 1M
- -5.37%
- 6M
- -10.32%
- YTD
- -2.68%
- 1Y
- 26.04%
- 3Y*
- 30.79%
- 5Y*
- 20.48%
- 10Y*
- —
CGL.TO vs. VALT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -7.14% | 60.08% | 25.70% | 11.26% | -1.07% | -1.77% |
VALT-U.TO CI Gold Bullion ETF (US$ Series) | -2.68% | 57.87% | 36.96% | 10.73% | 5.35% | -0.94% |
Correlation
The correlation between CGL.TO and VALT-U.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021 | 0.52 |
Over the past year, CGL.TO and VALT-U.TO have become more correlated (0.88) than their long-term average of 0.52, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGL.TO vs. VALT-U.TO — Risk / Return Rank
CGL.TO
VALT-U.TO
CGL.TO vs. VALT-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.TO). 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 | VALT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.72 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.69 | 1.69 | 0.00 |
Loading charts...
Drawdowns
CGL.TO vs. VALT-U.TO - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -44.53%, which is greater than VALT-U.TO's maximum drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for CGL.TO and VALT-U.TO.
Loading charts...
Drawdown Indicators
| CGL.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.53% | -36.22% | -8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -26.79% | -36.22% | +9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -36.22% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -36.22% | +9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -26.79% | — | — |
Current DrawdownCurrent decline from peak | -25.66% | -35.13% | +9.47% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -5.79% | -13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 15.28% | -4.05% |
Volatility
CGL.TO vs. VALT-U.TO - Volatility Comparison
iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.TO) have volatilities of 7.38% and 7.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGL.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 7.03% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.58% | 38.73% | -14.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.31% | 41.29% | -12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 23.09% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 22.46% | -5.87% |
Dividends
CGL.TO vs. VALT-U.TO - Dividend Comparison
Neither CGL.TO nor VALT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
CGL.TO and VALT-U.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and CI.
Find the right allocation for CGL.TO and VALT-U.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer