CLS.TO vs. GLDM
CLS.TO (Celestica Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, CLS.TO returned 122.50%/yr vs 20.85%/yr for GLDM. At a 0.03 correlation, their price movements are largely independent.
Performance
CLS.TO vs. GLDM - Performance Comparison
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Different Trading Currencies
CLS.TO is traded in CAD, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLS.TO achieves a 35.52% return, which is significantly higher than GLDM's -0.42% return.
CLS.TO
- 1D
- 2.22%
- 1M
- 11.19%
- YTD
- 35.52%
- 6M
- 30.45%
- 1Y
- 223.16%
- 3Y*
- 212.27%
- 5Y*
- 122.50%
- 10Y*
- 44.95%
GLDM
- 1D
- 0.29%
- 1M
- -5.72%
- YTD
- -0.42%
- 6M
- -0.69%
- 1Y
- 25.97%
- 3Y*
- 31.21%
- 5Y*
- 20.85%
- 10Y*
- —
CLS.TO vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CLS.TO Celestica Inc. | 35.52% | 206.05% | 241.82% | 154.33% | 8.23% | 37.29% | -4.64% | -9.95% | -23.09% |
GLDM SPDR Gold MiniShares Trust | -0.42% | 56.71% | 37.84% | 10.35% | 5.84% | -4.06% | 22.13% | 13.23% | 4.23% |
Correlation
The correlation between CLS.TO and GLDM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.03 |
The correlation between CLS.TO and GLDM shifts across timeframes, from 0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLS.TO vs. GLDM — Risk / Return Rank
CLS.TO
GLDM
CLS.TO vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and SPDR Gold MiniShares Trust (GLDM). 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.
| CLS.TO | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 1.23 | +5.42 |
| Martin ratioReturn relative to average drawdown | 16.31 | 3.48 | +12.83 |
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Drawdowns
CLS.TO vs. GLDM - Drawdown Comparison
The maximum CLS.TO drawdown since its inception was -79.32%, which is greater than GLDM's maximum drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for CLS.TO and GLDM.
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Drawdown Indicators
| CLS.TO | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.32% | -22.76% | -56.56% |
Max Drawdown (1Y)Largest decline over 1 year | -31.71% | -22.09% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -54.25% | -22.09% | -32.16% |
Max Drawdown (5Y)Largest decline over 5 years | -54.25% | -22.09% | -32.16% |
Max Drawdown (10Y)Largest decline over 10 years | -79.32% | — | — |
Current DrawdownCurrent decline from peak | -15.72% | -19.53% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -28.84% | -7.14% | -21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 7.76% | +5.13% |
Volatility
CLS.TO vs. GLDM - Volatility Comparison
Celestica Inc. (CLS.TO) has a higher volatility of 27.86% compared to SPDR Gold MiniShares Trust (GLDM) at 7.83%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLS.TO | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.86% | 7.83% | +20.03% |
Volatility (6M)Calculated over the trailing 6-month period | 55.27% | 23.84% | +31.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.69% | 27.12% | +44.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.60% | 19.04% | +37.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 18.11% | +30.72% |
Dividends
CLS.TO vs. GLDM - Dividend Comparison
Neither CLS.TO nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
CLS.TO and GLDM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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