CGLO.TO vs. VVL.TO
CGLO.TO (CIBC Global Growth ETF) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. Both are actively managed. Over the past 5 years, CGLO.TO returned 7.12%/yr vs 15.00%/yr for VVL.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. VVL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than VVL.TO's 16.79% return.
CGLO.TO
- 1D
- -0.81%
- 1M
- 0.82%
- 6M
- 2.26%
- YTD
- 5.72%
- 1Y
- 9.94%
- 3Y*
- 10.36%
- 5Y*
- 7.12%
- 10Y*
- —
VVL.TO
- 1D
- 0.49%
- 1M
- 2.72%
- 6M
- 11.18%
- YTD
- 16.79%
- 1Y
- 30.97%
- 3Y*
- 20.45%
- 5Y*
- 15.00%
- 10Y*
- 12.28%
CGLO.TO vs. VVL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 5.72% | 4.24% | 17.98% | 18.74% | -14.90% | 17.27% | 9.87% |
VVL.TO Vanguard Global Value Factor ETF CAD | 16.79% | 18.01% | 15.01% | 16.57% | 0.50% | 29.77% | 19.71% |
Correlation
The correlation between CGLO.TO and VVL.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.53 |
The correlation between CGLO.TO and VVL.TO has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
CGLO.TO vs. VVL.TO — Risk / Return Rank
CGLO.TO
VVL.TO
CGLO.TO vs. VVL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.TO) and Vanguard Global Value Factor ETF CAD (VVL.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.
| CGLO.TO | VVL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.52 | -2.65 |
| Martin ratioReturn relative to average drawdown | 2.57 | 13.89 | -11.32 |
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Drawdowns
CGLO.TO vs. VVL.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and VVL.TO.
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Drawdown Indicators
| CGLO.TO | VVL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -43.88% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -8.83% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -18.07% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -18.07% | -7.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.88% | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.39% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -5.73% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.24% | +1.64% |
Volatility
CGLO.TO vs. VVL.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to Vanguard Global Value Factor ETF CAD (VVL.TO) at 2.98%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than VVL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGLO.TO | VVL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 2.98% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 9.48% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 13.87% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 16.08% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 18.77% | -4.53% |
Dividends
CGLO.TO vs. VVL.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than VVL.TO's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% |
VVL.TO Vanguard Global Value Factor ETF CAD | 1.62% | 1.89% | 2.19% | 2.69% | 2.57% | 1.50% | 1.70% | 2.65% | 2.15% | 1.35% | 0.60% |
Frequently Asked Questions
CGLO.TO and VVL.TO have a correlation of 0.47, 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: CIBC and Vanguard.
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