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GOOGL vs. CGL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GOOGL vs. CGL.TO

Last updated Jun 13, 2026

GOOGL (Alphabet Inc. Class A) is a stock, while CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion. Over the past 10 years, GOOGL returned 25.76%/yr vs 10.05%/yr for CGL.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

GOOGL vs. CGL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alphabet Inc. Class A (GOOGL) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GOOGL is traded in USD, while CGL.TO is traded in CAD. To make them comparable, the CGL.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOOGL achieves a 15.06% return, which is significantly higher than CGL.TO's -5.12% return. Over the past 10 years, GOOGL has outperformed CGL.TO with an annualized return of 25.76%, while CGL.TO has yielded a comparatively lower 10.05% annualized return.

GOOGL

1D
0.53%
1M
-9.30%
YTD
15.06%
6M
16.44%
1Y
106.51%
3Y*
43.10%
5Y*
24.46%
10Y*
25.76%

CGL.TO

1D
0.07%
1M
-11.35%
YTD
-5.12%
6M
-4.61%
1Y
16.70%
3Y*
25.29%
5Y*
12.44%
10Y*
10.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOGL vs. CGL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOOGL
Alphabet Inc. Class A		15.06%65.99%36.01%58.32%-39.09%65.30%30.85%28.18%-0.80%32.93%
CGL.TO
iShares Gold Bullion ETF (CAD-Hedged)		-5.12%67.73%15.88%13.97%-6.96%-4.54%26.41%21.59%-10.70%19.79%

Correlation

The correlation between GOOGL and CGL.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2010

0.03

The correlation between GOOGL and CGL.TO shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Alphabet Inc. Class A

iShares Gold Bullion ETF (CAD-Hedged)

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Often compared with CGL.TO:
CGL.TO vs. CGL-C.TOCGL.TO vs. XGD.TOCGL.TO vs. KILO.TOCGL.TO vs. MNT.TOCGL.TO vs. GLDMCGL.TO vs. VOOCGL.TO vs. SVR.TO

Return for Risk

GOOGL vs. CGL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOOGL
GOOGL Risk / Return Rank: 9696
Overall Rank
GOOGL Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GOOGL Sortino Ratio Rank: 9898
Sortino Ratio Rank
GOOGL Omega Ratio Rank: 9696
Omega Ratio Rank
GOOGL Calmar Ratio Rank: 9393
Calmar Ratio Rank
GOOGL Martin Ratio Rank: 9595
Martin Ratio Rank
CGL.TO
CGL.TO Risk / Return Rank: 2424
Overall Rank
CGL.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CGL.TO Sortino Ratio Rank: 2323
Sortino Ratio Rank
CGL.TO Omega Ratio Rank: 2727
Omega Ratio Rank
CGL.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
CGL.TO Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOGL vs. CGL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.

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.

GOOGLCGL.TODifference
Sharpe ratioReturn per unit of total volatility
3.62
0.67

+2.95

Sortino ratioReturn per unit of downside risk
4.92
1.03

+3.89

Omega ratioGain probability vs. loss probability

1.59

1.14

+0.45

Calmar ratioReturn relative to maximum drawdown

5.20

0.70

+4.50

Martin ratioReturn relative to average drawdown

18.48

2.00

+16.48

GOOGL vs. CGL.TO - Sharpe Ratio Comparison

The current GOOGL Sharpe Ratio is 3.62, which is higher than the CGL.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of GOOGL and CGL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GOOGL vs. CGL.TO - Drawdown Comparison

The maximum GOOGL drawdown since its inception was -65.29%, which is greater than CGL.TO's maximum drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for GOOGL and CGL.TO.

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Drawdown Indicators

GOOGLCGL.TODifference

Max Drawdown

Largest peak-to-trough decline

-65.29%

-62.05%

-3.24%

Max Drawdown (1Y)

Largest decline over 1 year

-20.37%

-27.17%

+6.80%

Max Drawdown (3Y)

Largest decline over 3 years

-29.81%

-27.17%

-2.64%

Max Drawdown (5Y)

Largest decline over 5 years

-44.32%

-27.17%

-17.15%

Max Drawdown (10Y)

Largest decline over 10 years

-44.32%

-27.17%

-17.15%

Current Drawdown

Current decline from peak

-10.61%

-24.91%

+14.30%

Average Drawdown

Average peak-to-trough decline

-13.01%

-32.74%

+19.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.72%

9.43%

-3.71%

Volatility

GOOGL vs. CGL.TO - Volatility Comparison

The current volatility for Alphabet Inc. Class A (GOOGL) is 7.24%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 7.69%. This indicates that GOOGL 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

GOOGLCGL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.24%

7.69%

-0.45%

Volatility (6M)

Calculated over the trailing 6-month period

20.82%

24.50%

-3.68%

Volatility (1Y)

Calculated over the trailing 1-year period

29.31%

28.25%

+1.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.33%

19.70%

+11.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.13%

17.92%

+11.21%

Dividends

GOOGL vs. CGL.TO - Dividend Comparison

GOOGL's dividend yield for the trailing twelve months is around 0.24%, while CGL.TO has not paid dividends to shareholders.

PositionTTM20252024
CGL.TO
iShares Gold Bullion ETF (CAD-Hedged)		0.00%0.00%0.00%
GOOGL
Alphabet Inc. Class A		0.24%0.27%0.32%

Frequently Asked Questions

GOOGL and CGL.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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