ITA vs. CGL.TO
ITA (iShares U.S. Aerospace & Defense ETF) and CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) are both exchange-traded funds - ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while CGL.TO is a Gold fund tracking the Gold Bullion. Both are passively managed. Over the past 10 years, ITA returned 15.54%/yr vs 10.32%/yr for CGL.TO. At a 0.03 correlation, their price movements are largely independent. ITA charges 0.38%/yr vs 0.55%/yr for CGL.TO.
Performance
ITA vs. CGL.TO - Performance Comparison
Loading charts...
Different Trading Currencies
ITA 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, ITA achieves a 10.73% return, which is significantly higher than CGL.TO's -2.66% return. Over the past 10 years, ITA has outperformed CGL.TO with an annualized return of 15.54%, while CGL.TO has yielded a comparatively lower 10.32% annualized return.
ITA
- 1D
- 1.62%
- 1M
- 9.34%
- YTD
- 10.73%
- 6M
- 13.39%
- 1Y
- 32.52%
- 3Y*
- 27.94%
- 5Y*
- 17.41%
- 10Y*
- 15.54%
CGL.TO
- 1D
- 2.58%
- 1M
- -6.89%
- YTD
- -2.66%
- 6M
- -2.00%
- 1Y
- 19.72%
- 3Y*
- 25.56%
- 5Y*
- 13.81%
- 10Y*
- 10.32%
ITA vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 10.73% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -2.66% | 67.73% | 15.88% | 13.97% | -6.96% | -4.54% | 26.41% | 21.59% | -10.70% | 19.79% |
Correlation
The correlation between ITA and CGL.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2010 | 0.03 |
Over the past year, ITA and CGL.TO have become more correlated (0.28) than their long-term average of 0.03, 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.
Return for Risk
ITA vs. CGL.TO — Risk / Return Rank
ITA
CGL.TO
ITA vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) 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.
| ITA | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.73 | +1.34 |
| Martin ratioReturn relative to average drawdown | 5.46 | 2.09 | +3.37 |
Loading charts...
Drawdowns
ITA vs. CGL.TO - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, roughly equal to the maximum CGL.TO drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for ITA and CGL.TO.
Loading charts...
Drawdown Indicators
| ITA | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -62.05% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -27.17% | +11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -27.17% | +11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -27.17% | +8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -27.17% | -23.83% |
Current DrawdownCurrent decline from peak | -5.13% | -22.97% | +17.84% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -32.74% | +23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 9.54% | -3.56% |
Volatility
ITA vs. CGL.TO - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 9.14% compared to iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) at 8.31%. This indicates that ITA's price experiences larger fluctuations and is considered to be riskier than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ITA | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 8.31% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 24.57% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 28.33% | -6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 19.73% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 17.94% | +5.30% |
ITA vs. CGL.TO - Expense Ratio Comparison
ITA has a 0.38% expense ratio, which is lower than CGL.TO's 0.55% expense ratio.
Dividends
ITA vs. CGL.TO - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.52%, 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% |
ITA iShares U.S. Aerospace & Defense ETF | 0.52% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
Frequently Asked Questions
ITA and CGL.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITA is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITA is cheaper with a 0.38% expense ratio, compared with 0.55% for CGL.TO.
ITA is categorized as Aerospace & Defense, while CGL.TO is Gold. ITA tracks Dow Jones U.S. Select Aerospace & Defense Index, while CGL.TO tracks Gold Bullion. Their fees differ too: 0.38% for ITA and 0.55% for CGL.TO.
Find the right allocation for ITA and CGL.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