MNT.TO vs. CGL.TO
Compare and contrast key facts about Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO).
MNT.TO and CGL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGL.TO is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on May 28, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNT.TO or CGL.TO.
Correlation
The correlation between MNT.TO and CGL.TO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MNT.TO vs. CGL.TO - Performance Comparison
Key characteristics
MNT.TO:
2.96
CGL.TO:
1.84
MNT.TO:
3.74
CGL.TO:
2.44
MNT.TO:
1.52
CGL.TO:
1.32
MNT.TO:
2.63
CGL.TO:
3.40
MNT.TO:
23.57
CGL.TO:
9.58
MNT.TO:
2.02%
CGL.TO:
2.90%
MNT.TO:
16.09%
CGL.TO:
15.15%
MNT.TO:
-34.79%
CGL.TO:
-45.96%
MNT.TO:
-1.37%
CGL.TO:
-6.15%
Returns By Period
In the year-to-date period, MNT.TO achieves a 46.19% return, which is significantly higher than CGL.TO's 25.88% return. Over the past 10 years, MNT.TO has outperformed CGL.TO with an annualized return of 10.55%, while CGL.TO has yielded a comparatively lower 7.17% annualized return.
MNT.TO
46.19%
2.79%
22.62%
47.39%
13.76%
10.55%
CGL.TO
25.88%
-1.14%
12.27%
26.80%
10.91%
7.17%
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MNT.TO vs. CGL.TO - Expense Ratio Comparison
Risk-Adjusted Performance
MNT.TO vs. CGL.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) 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.
Dividends
MNT.TO vs. CGL.TO - Dividend Comparison
Neither MNT.TO nor CGL.TO has paid dividends to shareholders.
Drawdowns
MNT.TO vs. CGL.TO - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum CGL.TO drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for MNT.TO and CGL.TO. For additional features, visit the drawdowns tool.
Volatility
MNT.TO vs. CGL.TO - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 5.30%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 5.69%. This indicates that MNT.TO 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.