IDMO vs. CGL.TO
IDMO (Invesco S&P International Developed Momentum ETF) and CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while CGL.TO is a Gold fund tracking the Gold Bullion. Both are passively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 10.05%/yr for CGL.TO. At a 0.13 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.55%/yr for CGL.TO.
Performance
IDMO vs. CGL.TO - Performance Comparison
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Different Trading Currencies
IDMO 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, IDMO achieves a 8.17% return, which is significantly higher than CGL.TO's -5.12% return. Over the past 10 years, IDMO has outperformed CGL.TO with an annualized return of 12.64%, while CGL.TO has yielded a comparatively lower 10.05% annualized return.
IDMO
- 1D
- 1.36%
- 1M
- -0.98%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
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%
IDMO vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
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 IDMO and CGL.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.13 |
Over the past year, IDMO and CGL.TO have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
IDMO vs. CGL.TO — Risk / Return Rank
IDMO
CGL.TO
IDMO vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
| IDMO | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.70 | +1.19 |
| Martin ratioReturn relative to average drawdown | 7.64 | 2.00 | +5.64 |
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Drawdowns
IDMO vs. CGL.TO - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum CGL.TO drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for IDMO and CGL.TO.
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Drawdown Indicators
| IDMO | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -62.05% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -27.17% | +14.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -27.17% | +14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -27.17% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -27.17% | -4.17% |
Current DrawdownCurrent decline from peak | -1.92% | -24.91% | +22.99% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -32.74% | +23.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 9.43% | -6.39% |
Volatility
IDMO vs. CGL.TO - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) have volatilities of 7.92% and 7.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDMO | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 7.69% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 24.50% | -8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 28.25% | -10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 19.70% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 17.92% | +0.26% |
IDMO vs. CGL.TO - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than CGL.TO's 0.55% expense ratio.
Dividends
IDMO vs. CGL.TO - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.52%, 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% |
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
IDMO and CGL.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.55% for CGL.TO.
IDMO is categorized as Momentum, while CGL.TO is Gold. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while CGL.TO tracks Gold Bullion. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for IDMO and 0.55% for CGL.TO.
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