CIAI.TO vs. VALT.TO
CIAI.TO (CI Global Artificial Intelligence ETF) and VALT.TO (CI Gold Bullion ETF) are both exchange-traded funds - CIAI.TO is a Artificial Intelligence fund actively managed by CI, while VALT.TO is a Gold fund tracking the No Index (Physical Commodity). CIAI.TO is actively managed, while VALT.TO is passively managed. Over the past year, CIAI.TO returned 31.56% vs 18.13% for VALT.TO. Their 0.09 correlation means their historical movements had little consistent relationship. CIAI.TO charges 0.50%/yr vs 0.17%/yr for VALT.TO.
Performance
CIAI.TO vs. VALT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIAI.TO achieves a 19.72% return, which is significantly higher than VALT.TO's -7.03% return.
CIAI.TO
- 1D
- 2.56%
- 1M
- -4.04%
- 6M
- 17.06%
- YTD
- 19.72%
- 1Y
- 31.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.70%
VALT.TO
- 1D
- -1.49%
- 1M
- -3.12%
- 6M
- -13.72%
- YTD
- -7.03%
- 1Y
- 18.13%
- 3Y*
- 25.59%
- 5Y*
- 15.89%
- 10Y*
- —
- ALL TIME*
- 13.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.13M | CA$1.20M | CA$2.71M | |
VALT.TO CI Gold Bullion ETF | CA$249.71K | CA$225.55K | CA$326.67K |
CIAI.TO vs. VALT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CIAI.TO CI Global Artificial Intelligence ETF | 19.72% | 18.84% | 29.92% |
VALT.TO CI Gold Bullion ETF | -7.03% | 60.46% | 11.74% |
Correlation
The correlation between CIAI.TO and VALT.TO is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 7, 2024 | 0.09 |
The correlation between CIAI.TO and VALT.TO shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CIAI.TO vs. VALT.TO — Risk / Return Rank
CIAI.TO
VALT.TO
CIAI.TO vs. VALT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Artificial Intelligence ETF (CIAI.TO) and CI Gold Bullion ETF (VALT.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.
| CIAI.TO | VALT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.77 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.79 | 1.65 | +2.14 |
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Drawdowns
CIAI.TO vs. VALT.TO - Drawdown Comparison
The maximum CIAI.TO drawdown since its inception was -31.22%, which is greater than VALT.TO's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for CIAI.TO and VALT.TO.
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Drawdown Indicators
| CIAI.TO | VALT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.22% | -27.07% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -27.07% | +8.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Current DrawdownCurrent decline from peak | -9.81% | -25.83% | +16.02% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -6.32% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 12.55% | -5.35% |
Volatility
CIAI.TO vs. VALT.TO - Volatility Comparison
CI Global Artificial Intelligence ETF (CIAI.TO) has a higher volatility of 10.77% compared to CI Gold Bullion ETF (VALT.TO) at 6.01%. This indicates that CIAI.TO's price experiences larger fluctuations and is considered to be riskier than VALT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIAI.TO | VALT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 6.01% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 21.25% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 28.27% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.48% | 18.65% | +10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.48% | 18.21% | +11.27% |
CIAI.TO vs. VALT.TO - Expense Ratio Comparison
CIAI.TO has a 0.50% expense ratio, which is higher than VALT.TO's 0.17% expense ratio.
Dividends
CIAI.TO vs. VALT.TO - Dividend Comparison
Neither CIAI.TO nor VALT.TO has paid dividends to shareholders.
Frequently Asked Questions
CIAI.TO and VALT.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALT.TO is cheaper with a 0.17% expense ratio, compared with 0.50% for CIAI.TO.
CIAI.TO is categorized as Artificial Intelligence, while VALT.TO is Gold. Their fees differ too: 0.50% for CIAI.TO and 0.17% for VALT.TO.
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