CGL.TO vs. VOO
Compare and contrast key facts about iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and Vanguard S&P 500 ETF (VOO).
CGL.TO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both CGL.TO and VOO 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 VOO.
Key characteristics
| CGL.TO | VOO | |
|---|---|---|
| YTD Return | 12.12% | 6.68% |
| 1Y Return | 14.91% | 26.39% |
| 3Y Return (Ann) | 7.95% | 8.30% |
| 5Y Return (Ann) | 11.31% | 13.39% |
| 10Y Return (Ann) | 4.84% | 12.59% |
| Sharpe Ratio | 1.23 | 2.06 |
| Daily Std Dev | 12.50% | 11.84% |
| Max Drawdown | -45.96% | -33.99% |
| Current Drawdown | -3.24% | -3.50% |
Correlation
The correlation between CGL.TO and VOO is 0.19, 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. VOO - Performance Comparison
In the year-to-date period, CGL.TO achieves a 12.12% return, which is significantly higher than VOO's 6.68% return. Over the past 10 years, CGL.TO has underperformed VOO with an annualized return of 4.84%, while VOO has yielded a comparatively higher 12.59% 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. VOO - Expense Ratio Comparison
CGL.TO has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CGL.TO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
CGL.TO has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CGL.TO vs. VOO - Drawdown Comparison
The maximum CGL.TO drawdown since its inception was -45.96%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CGL.TO and VOO. For additional features, visit the drawdowns tool.
Volatility
CGL.TO vs. VOO - Volatility Comparison
iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a higher volatility of 5.47% compared to Vanguard S&P 500 ETF (VOO) at 3.55%. This indicates that CGL.TO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.