CIC.TO vs. VALT.TO
CIC.TO (CI Canadian Banks Covered Call Income Class ETF) and VALT.TO (CI Gold Bullion ETF) are both exchange-traded funds - CIC.TO is a Financials Equities fund actively managed by CI, while VALT.TO is a Gold fund tracking the No Index (Physical Commodity). CIC.TO is actively managed, while VALT.TO is passively managed. Over the past 5 years, CIC.TO returned 16.57%/yr vs 15.89%/yr for VALT.TO. Their 0.11 correlation means their historical movements had little consistent relationship. CIC.TO charges 0.87%/yr vs 0.17%/yr for VALT.TO.
Performance
CIC.TO vs. VALT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CIC.TO achieves a 26.83% return, which is significantly higher than VALT.TO's -7.03% return.
CIC.TO
- 1D
- 0.37%
- 1M
- 1.17%
- 6M
- 27.70%
- YTD
- 26.83%
- 1Y
- 56.61%
- 3Y*
- 28.74%
- 5Y*
- 16.57%
- 10Y*
- 13.76%
- ALL TIME*
- 11.63%
VALT.TO
- 1D
- -1.49%
- 1M
- -3.12%
- 6M
- -17.23%
- 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$388.70K | CA$258.13K | CA$198.22K | |
VALT.TO CI Gold Bullion ETF | CA$249.60K | CA$225.50K | CA$326.65K |
CIC.TO vs. VALT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 26.83% | 35.32% | 21.30% | 6.58% | -10.99% | 30.74% |
VALT.TO CI Gold Bullion ETF | -7.03% | 60.46% | 25.58% | 12.35% | 0.92% | -3.19% |
Correlation
The correlation between CIC.TO and VALT.TO is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.11 |
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
CIC.TO vs. VALT.TO — Risk / Return Rank
CIC.TO
VALT.TO
CIC.TO vs. VALT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Banks Covered Call Income Class ETF (CIC.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.
| CIC.TO | VALT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.71 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.15 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 6.84 | 0.77 | +6.07 |
| Martin ratioReturn relative to average drawdown | 30.63 | 1.65 | +28.98 |
Loading charts...
Drawdowns
CIC.TO vs. VALT.TO - Drawdown Comparison
The maximum CIC.TO drawdown since its inception was -38.55%, 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 CIC.TO and VALT.TO.
Loading charts...
Drawdown Indicators
| CIC.TO | VALT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.55% | -27.07% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -27.07% | +18.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -27.07% | +14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -27.07% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | -25.83% | +23.52% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -6.32% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 12.55% | -10.72% |
Volatility
CIC.TO vs. VALT.TO - Volatility Comparison
The current volatility for CI Canadian Banks Covered Call Income Class ETF (CIC.TO) is 5.63%, while CI Gold Bullion ETF (VALT.TO) has a volatility of 6.01%. This indicates that CIC.TO experiences smaller price fluctuations and is considered to be less risky than VALT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CIC.TO | VALT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 6.01% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 21.25% | -10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 28.27% | -15.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 18.65% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 18.21% | -1.87% |
CIC.TO vs. VALT.TO - Expense Ratio Comparison
CIC.TO has a 0.87% expense ratio, which is higher than VALT.TO's 0.17% expense ratio.
Dividends
CIC.TO vs. VALT.TO - Dividend Comparison
CIC.TO's dividend yield for the trailing twelve months is around 4.92%, while VALT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 4.92% | 5.17% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
VALT.TO CI Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIC.TO and VALT.TO have a correlation of 0.18, 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 0.87% for CIC.TO.
CIC.TO is categorized as Financials Equities, while VALT.TO is Gold. Their fees differ too: 0.87% for CIC.TO and 0.17% for VALT.TO.
Find the right allocation for CIC.TO and VALT.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