HUG.TO vs. VALT-U.TO
HUG.TO (Global X Gold ETF) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. HUG.TO is passively managed, while VALT-U.TO is actively managed. Over the past 5 years, HUG.TO returned 14.36%/yr vs 19.56%/yr for VALT-U.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
HUG.TO vs. VALT-U.TO - Performance Comparison
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Different Trading Currencies
HUG.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, HUG.TO achieves a -8.80% return, which is significantly lower than VALT-U.TO's -5.00% return.
HUG.TO
- 1D
- 1.14%
- 1M
- -5.26%
- 6M
- -14.06%
- YTD
- -8.80%
- 1Y
- 15.79%
- 3Y*
- 22.78%
- 5Y*
- 14.36%
- 10Y*
- 8.80%
VALT-U.TO
- 1D
- 0.27%
- 1M
- -6.43%
- 6M
- -11.66%
- YTD
- -5.00%
- 1Y
- 22.96%
- 3Y*
- 28.97%
- 5Y*
- 19.56%
- 10Y*
- —
HUG.TO vs. VALT-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HUG.TO Global X Gold ETF | -8.80% | 57.93% | 24.13% | 11.48% | -1.87% | -3.04% |
VALT-U.TO CI Gold Bullion ETF (US$ Series) | -5.00% | 57.87% | 36.96% | 10.73% | 5.35% | -0.94% |
Correlation
The correlation between HUG.TO and VALT-U.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021 | 0.55 |
Over the past year, HUG.TO and VALT-U.TO have become more correlated (0.89) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
HUG.TO vs. VALT-U.TO — Risk / Return Rank
HUG.TO
VALT-U.TO
HUG.TO vs. VALT-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold ETF (HUG.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.
| HUG.TO | VALT-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.63 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.35 | 1.46 | -0.11 |
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Drawdowns
HUG.TO vs. VALT-U.TO - Drawdown Comparison
The maximum HUG.TO drawdown since its inception was -47.99%, which is greater than VALT-U.TO's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for HUG.TO and VALT-U.TO.
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Drawdown Indicators
| HUG.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -36.84% | -11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -27.60% | -36.84% | +9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -36.84% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -36.84% | +9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -27.60% | — | — |
Current DrawdownCurrent decline from peak | -26.78% | -36.67% | +9.89% |
Average DrawdownAverage peak-to-trough decline | -23.36% | -5.85% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 15.79% | -4.11% |
Volatility
HUG.TO vs. VALT-U.TO - Volatility Comparison
Global X Gold ETF (HUG.TO) has a higher volatility of 6.79% compared to CI Gold Bullion ETF (US$ Series) (VALT-U.TO) at 6.19%. This indicates that HUG.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
| HUG.TO | VALT-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 6.19% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 38.76% | -14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 41.34% | -13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 23.09% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 22.45% | -5.89% |
Dividends
HUG.TO vs. VALT-U.TO - Dividend Comparison
Neither HUG.TO nor VALT-U.TO has paid dividends to shareholders.
Frequently Asked Questions
HUG.TO and VALT-U.TO have a correlation of 0.89, 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.
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