CUD.TO vs. CGL.TO
CUD.TO (iShares US Dividend Growers Index ETF (CAD-Hedged)) and CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) are both exchange-traded funds - CUD.TO is a Large Cap Value Equities fund tracking the S&P High Yield Dividend Aristocrats CAD Hedged Index, while CGL.TO is a Precious Metals fund tracking the Gold Bullion. Both are passively managed. Over the past 10 years, CUD.TO returned 5.98%/yr vs 11.98%/yr for CGL.TO. At a 0.03 correlation, their price movements are largely independent. CUD.TO charges 0.66%/yr vs 0.55%/yr for CGL.TO.
Performance
CUD.TO vs. CGL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CUD.TO achieves a 5.32% return, which is significantly higher than CGL.TO's 2.15% return. Over the past 10 years, CUD.TO has underperformed CGL.TO with an annualized return of 5.98%, while CGL.TO has yielded a comparatively higher 11.98% annualized return.
CUD.TO
- 1D
- -0.28%
- 1M
- -0.09%
- YTD
- 5.32%
- 6M
- 1.10%
- 1Y
- 4.69%
- 3Y*
- 5.56%
- 5Y*
- 1.77%
- 10Y*
- 5.98%
CGL.TO
- 1D
- -0.83%
- 1M
- -1.87%
- YTD
- 2.15%
- 6M
- 4.29%
- 1Y
- 29.45%
- 3Y*
- 29.31%
- 5Y*
- 16.83%
- 10Y*
- 11.98%
CUD.TO vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) | 5.32% | 1.72% | 6.13% | 0.09% | -2.31% | 18.87% | -2.58% | 21.16% | -5.23% | 14.50% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 2.15% | 60.12% | 25.67% | 11.26% | -1.07% | -4.58% | 23.41% | 16.58% | -3.19% | 11.68% |
Correlation
The correlation between CUD.TO and CGL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011 | 0.03 |
The correlation between CUD.TO and CGL.TO shifts across timeframes, from 0.03 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CUD.TO vs. CGL.TO — Risk / Return Rank
CUD.TO
CGL.TO
CUD.TO vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.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.
| CUD.TO | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.53 | -0.89 |
| Martin ratioReturn relative to average drawdown | 1.57 | 3.75 | -2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CUD.TO | CGL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.10 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.92 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.73 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.48 | +0.12 |
Drawdowns
CUD.TO vs. CGL.TO - Drawdown Comparison
The maximum CUD.TO drawdown since its inception was -38.36%, smaller than the maximum CGL.TO drawdown of -44.53%. Use the drawdown chart below to compare losses from any high point for CUD.TO and CGL.TO.
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Drawdown Indicators
| CUD.TO | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -44.53% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -19.36% | +12.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -19.36% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -22.18% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | -23.72% | -14.64% |
Current DrawdownCurrent decline from peak | -4.84% | -18.22% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -18.16% | +14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 7.88% | -4.88% |
Volatility
CUD.TO vs. CGL.TO - Volatility Comparison
The current volatility for iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) is 2.69%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 5.60%. This indicates that CUD.TO experiences smaller price fluctuations and is considered to be less risky than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUD.TO | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 5.60% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 23.18% | -14.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 26.89% | -15.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 18.33% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 16.41% | +0.79% |
CUD.TO vs. CGL.TO - Expense Ratio Comparison
CUD.TO has a 0.66% expense ratio, which is higher than CGL.TO's 0.55% expense ratio.
Dividends
CUD.TO vs. CGL.TO - Dividend Comparison
CUD.TO's dividend yield for the trailing twelve months is around 1.92%, while CGL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) | 1.92% | 1.99% | 1.76% | 1.96% | 1.84% | 1.98% | 2.05% | 1.65% | 2.05% | 1.44% | 1.76% | 1.72% |
Frequently Asked Questions
CUD.TO and CGL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGL.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGL.TO is cheaper with a 0.55% expense ratio, compared with 0.66% for CUD.TO.
CUD.TO is categorized as Large Cap Value Equities, while CGL.TO is Precious Metals. CUD.TO tracks S&P High Yield Dividend Aristocrats CAD Hedged Index, while CGL.TO tracks Gold Bullion. Their fees differ too: 0.66% for CUD.TO and 0.55% for CGL.TO.
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