CSAV.TO vs. VALT.TO
CSAV.TO (CI High Interest Savings ETF) and VALT.TO (CI Gold Bullion ETF) are both exchange-traded funds - CSAV.TO is a Money Market fund actively managed by CI, while VALT.TO is a Gold fund tracking the No Index (Physical Commodity). CSAV.TO is actively managed, while VALT.TO is passively managed. Over the past 5 years, CSAV.TO returned 3.13%/yr vs 15.89%/yr for VALT.TO. Their 0.01 correlation means their historical movements had little consistent relationship. CSAV.TO charges 0.15%/yr vs 0.17%/yr for VALT.TO.
Performance
CSAV.TO vs. VALT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CSAV.TO achieves a 1.18% return, which is significantly higher than VALT.TO's -7.03% return.
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.18%
- 1Y
- 2.17%
- 3Y*
- 3.44%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 2.53%
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) |
|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | CA$1.49M | CA$1.26M | CA$1.48M |
VALT.TO CI Gold Bullion ETF | CA$249.71K | CA$225.55K | CA$326.67K |
CSAV.TO vs. VALT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 1.18% | 2.54% | 4.43% | 5.04% | 2.29% | 0.55% |
VALT.TO CI Gold Bullion ETF | -7.03% | 60.46% | 25.58% | 12.35% | 0.92% | -3.19% |
Correlation
The correlation between CSAV.TO and VALT.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.01 |
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Return for Risk
CSAV.TO vs. VALT.TO — Risk / Return Rank
CSAV.TO
VALT.TO
CSAV.TO vs. VALT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.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.
| CSAV.TO | VALT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.89 | ||
| Sortino ratioReturn per unit of downside risk | +18.63 | ||
| Omega ratioGain probability vs. loss probability | 4.54 | 1.15 | +3.38 |
| Calmar ratioReturn relative to maximum drawdown | 108.77 | 0.77 | +108.01 |
| Martin ratioReturn relative to average drawdown | 301.45 | 1.65 | +299.80 |
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Drawdowns
CSAV.TO vs. VALT.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.02%, smaller than the maximum VALT.TO drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and VALT.TO.
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Drawdown Indicators
| CSAV.TO | VALT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -27.07% | +27.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -27.07% | +27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -27.07% | +27.05% |
Max Drawdown (5Y)Largest decline over 5 years | -0.02% | -27.07% | +27.05% |
Current DrawdownCurrent decline from peak | 0.00% | -25.83% | +25.83% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -6.32% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 12.55% | -12.54% |
Volatility
CSAV.TO vs. VALT.TO - Volatility Comparison
The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.07%, while CI Gold Bullion ETF (VALT.TO) has a volatility of 6.01%. This indicates that CSAV.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.
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Volatility by Period
| CSAV.TO | VALT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 6.01% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 21.25% | -21.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 28.27% | -28.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 18.65% | -18.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 18.21% | -17.94% |
CSAV.TO vs. VALT.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is lower than VALT.TO's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSAV.TO vs. VALT.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.16%, while VALT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.16% | 2.53% | 4.40% | 4.90% | 2.15% | 0.57% | 0.89% | 1.14% |
VALT.TO CI Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSAV.TO and VALT.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSAV.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSAV.TO is cheaper with a 0.15% expense ratio, compared with 0.17% for VALT.TO.
CSAV.TO is categorized as Money Market, while VALT.TO is Gold. Their fees differ too: 0.15% for CSAV.TO and 0.17% for VALT.TO.
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