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HGGG.TO vs. VALT-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HGGG.TO vs. VALT-U.TO

Last updated Jul 16, 2026
Documentation

HGGG.TO (Harvest Global Gold Giants Index ETF) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. HGGG.TO is passively managed, while VALT-U.TO is actively managed. Over the past 5 years, HGGG.TO returned 23.40%/yr vs 20.48%/yr for VALT-U.TO. At a 0.41 correlation, their price movements are largely independent.

Performance

HGGG.TO vs. VALT-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Global Gold Giants Index ETF (HGGG.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HGGG.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, HGGG.TO achieves a -12.64% return, which is significantly lower than VALT-U.TO's -2.68% return.

HGGG.TO

1D
-0.62%
1M
-12.24%
6M
-20.50%
YTD
-12.64%
1Y
56.92%
3Y*
42.30%
5Y*
23.40%
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*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HGGG.TO vs. VALT-U.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HGGG.TO
Harvest Global Gold Giants Index ETF		-12.64%170.60%26.04%4.17%-4.68%-12.49%
VALT-U.TO
CI Gold Bullion ETF (US$ Series)		-2.68%57.87%36.96%10.73%5.35%-0.94%

Correlation

The correlation between HGGG.TO and VALT-U.TO is 0.67, 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

0.67

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

0.48

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

0.43

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2021

0.41

Over the past year, HGGG.TO and VALT-U.TO have become more correlated (0.67) than their long-term average of 0.41, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Harvest Global Gold Giants Index ETF

CI Gold Bullion ETF (US$ Series)

Often compared with HGGG.TO:
HGGG.TO vs. ZGLH.TOHGGG.TO vs. AMAX.TOHGGG.TO vs. CGXF.TOHGGG.TO vs. HGY.TOHGGG.TO vs. ZGD.TOHGGG.TO vs. HUG.TOHGGG.TO vs. ZGLD.TO
Often compared with VALT-U.TO:
VALT-U.TO vs. CGL.TOVALT-U.TO vs. ZGD.TOVALT-U.TO vs. ZGLH.TOVALT-U.TO vs. CGL-C.TOVALT-U.TO vs. KILO-B.TOVALT-U.TO vs. KILO.TOVALT-U.TO vs. XGD.TO

Return for Risk

HGGG.TO vs. VALT-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HGGG.TO
HGGG.TO Risk / Return Rank: 3737
Overall Rank
HGGG.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
HGGG.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
HGGG.TO Omega Ratio Rank: 4141
Omega Ratio Rank
HGGG.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
HGGG.TO Martin Ratio Rank: 3030
Martin Ratio Rank
VALT-U.TO
VALT-U.TO Risk / Return Rank: 2121
Overall Rank
VALT-U.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VALT-U.TO Sortino Ratio Rank: 2121
Sortino Ratio Rank
VALT-U.TO Omega Ratio Rank: 3030
Omega Ratio Rank
VALT-U.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
VALT-U.TO Martin Ratio Rank: 1717
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.

HGGG.TO vs. VALT-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Global Gold Giants Index ETF (HGGG.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.

HGGG.TOVALT-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.22
0.63

+0.59

Sortino ratioReturn per unit of downside risk
1.71
1.13

+0.58

Omega ratioGain probability vs. loss probability

1.23

1.20

+0.02

Calmar ratioReturn relative to maximum drawdown

1.57

0.72

+0.86

Martin ratioReturn relative to average drawdown

3.58

1.69

+1.89

HGGG.TO vs. VALT-U.TO - Sharpe Ratio Comparison

The current HGGG.TO Sharpe Ratio is 1.22, which is higher than the VALT-U.TO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of HGGG.TO and VALT-U.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

HGGG.TO vs. VALT-U.TO - Drawdown Comparison

The maximum HGGG.TO drawdown since its inception was -52.29%, which is greater than VALT-U.TO's maximum drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and VALT-U.TO.

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Drawdown Indicators

HGGG.TOVALT-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.29%

-36.22%

-16.07%

Max Drawdown (1Y)

Largest decline over 1 year

-36.32%

-36.22%

-0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-36.32%

-36.22%

-0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-39.14%

-36.22%

-2.92%

Current Drawdown

Current decline from peak

-34.49%

-35.13%

+0.64%

Average Drawdown

Average peak-to-trough decline

-20.63%

-5.79%

-14.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.93%

15.28%

+0.65%

Volatility

HGGG.TO vs. VALT-U.TO - Volatility Comparison

Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 13.17% compared to CI Gold Bullion ETF (US$ Series) (VALT-U.TO) at 7.03%. This indicates that HGGG.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.

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Volatility by Period

HGGG.TOVALT-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.17%

7.03%

+6.14%

Volatility (6M)

Calculated over the trailing 6-month period

38.24%

38.73%

-0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

46.82%

41.29%

+5.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.77%

23.09%

+10.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.37%

22.46%

+10.91%

Dividends

HGGG.TO vs. VALT-U.TO - Dividend Comparison

Neither HGGG.TO nor VALT-U.TO has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
HGGG.TO
Harvest Global Gold Giants Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%2.65%0.54%
VALT-U.TO
CI Gold Bullion ETF (US$ Series)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HGGG.TO and VALT-U.TO have a correlation of 0.67, 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: Harvest and CI.

Portfolio Optimizer

Find the right allocation for HGGG.TO and VALT-U.TO

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