GLDX.TO vs. VALT-U.TO
GLDX.TO (Global X Gold Producers Index ETF) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. GLDX.TO is passively managed, while VALT-U.TO is actively managed. Over the past year, GLDX.TO returned 53.88% vs 26.04% for VALT-U.TO. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
GLDX.TO vs. VALT-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
GLDX.TO is traded in CAD, while VALT-U.TO is traded in USD. To make them comparable, the VALT-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDX.TO achieves a -13.00% return, which is significantly lower than VALT-U.TO's -2.68% return.
GLDX.TO
- 1D
- -0.66%
- 1M
- -13.56%
- 6M
- -23.73%
- YTD
- -13.00%
- 1Y
- 53.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALT-U.TO
- 1D
- 1.69%
- 1M
- -5.37%
- 6M
- -10.32%
- YTD
- -2.68%
- 1Y
- 26.04%
- 3Y*
- 30.79%
- 5Y*
- 20.48%
- 10Y*
- —
GLDX.TO vs. VALT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | -13.00% | 178.05% | -10.27% |
VALT-U.TO CI Gold Bullion ETF (US$ Series) | -2.68% | 57.87% | -0.76% |
Correlation
The correlation between GLDX.TO and VALT-U.TO is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.65 |
The correlation between GLDX.TO and VALT-U.TO has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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
GLDX.TO vs. VALT-U.TO — Risk / Return Rank
GLDX.TO
VALT-U.TO
GLDX.TO vs. VALT-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producers Index ETF (GLDX.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.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.
| GLDX.TO | VALT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.72 | +0.82 |
| Martin ratioReturn relative to average drawdown | 3.46 | 1.69 | +1.76 |
Loading charts...
Drawdowns
GLDX.TO vs. VALT-U.TO - Drawdown Comparison
The maximum GLDX.TO drawdown since its inception was -35.22%, roughly equal to the maximum VALT-U.TO drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for GLDX.TO and VALT-U.TO.
Loading charts...
Drawdown Indicators
| GLDX.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.22% | -36.22% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -35.22% | -36.22% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.22% | — |
Current DrawdownCurrent decline from peak | -34.86% | -35.13% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -5.79% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.63% | 15.28% | +0.35% |
Volatility
GLDX.TO vs. VALT-U.TO - Volatility Comparison
Global X Gold Producers Index ETF (GLDX.TO) has a higher volatility of 11.30% compared to CI Gold Bullion ETF (US$ Series) (VALT-U.TO) at 7.03%. This indicates that GLDX.TO's price experiences larger fluctuations and is considered to be riskier than VALT-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLDX.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.30% | 7.03% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 38.84% | 38.73% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.59% | 41.29% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.36% | 23.09% | +21.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.36% | 22.46% | +21.90% |
Dividends
GLDX.TO vs. VALT-U.TO - Dividend Comparison
GLDX.TO's dividend yield for the trailing twelve months is around 1.11%, while VALT-U.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.11% | 0.97% | 0.08% |
VALT-U.TO CI Gold Bullion ETF (US$ Series) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDX.TO and VALT-U.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and CI.
Find the right allocation for GLDX.TO and VALT-U.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